National Refinery Ltd. (NRL) announced its financial result for 2QFY21, where the company reported a Loss After Tax of PKR823mn (LPS: PKR10.29) as against Loss After Tax of PKR3bn (LPS: PKR37.33) posted in SPLY. However, the company recorded a PAT of PKR489mn (EPS PKR6.11) in 2QFY21 showing a massive rise in the earnings likely due…
Mari Petroleum announces provisional award of 4 exploration blocks
KARACHI: Directorate General of Petroleum Concessions (DGPC) has provisionally awarded four new exploration blocks to Mari Petroleum Company Limited (MPCL) in the latest block bidding round, the company announced. Mari Petroleum Company Limited (MPCL) has been awarded two blocks as an operator and two as joint venture partner with other local companies. The blocks have…
PLL gets considerably lower LNG supply offers retendered for March
KARACHI: Pakistan LNG Limited (PLL) received considerably lower bids for three LNG cargoes for March in the range of 12.7 percent to 13.6 percent of Brent against the tender that closed on January 26, market sources informed. With Brent trading at $54/bbl; cargo for March 11-12 and March 18-19 deliveries are priced at $7.34/mmbtu (13.6…
Opera partners with Play Magnus Group as title partner and official browser of Opera Euro Rapid chess tournament
OSLO: Nasdaq-listed Norwegian technology company Opera will be the title partner of the Opera Euro Rapid, the next tournament of the Meltwater Champions Chess Tour organized by Play Magnus Group. Opera is also becoming Official Browser Partner of the Tour. Chess is becoming an increasingly popular eSport, and one of the fastest growing categories on…
Aker Horizons, Aker Offshore Wind enter cooperation agreement with Statkraft
OSLO: Aker ASA announced that its wholly owned subsidiary, Aker Horizons AS, and Aker Offshore Wind Operating Company AS have entered into a cooperation agreement with Statkraft AS to explore possibilities for collaboration on offshore wind power projects on the Norwegian Continental Shelf (NCS). Aker Horizons, Aker Offshore Wind and Statkraft will work together and…
LondonMetric buys two urban logistics warehouses for £13 million
LONDON: LondonMetric Property announced the acquisition of two urban logistics warehouses in London and Redditch for £13.2 million, reflecting a blended net initial yield of 4.7%. The warehouses are let for 15 years and benefit from RPI linked rent reviews. In London, a 20,000 sq ft urban warehouse has been acquired for £7.7 million. It…
Schroder to sell £49.0 million worth of assets to Rosetta Capital
LONDON: Schroder UK Public Private Trust has signed a sale and purchase agreement for the sale of a basket of seven assets to Rosetta Capital VI, LP, an investment fund managed by the UK-based life science venture capital firm Rosetta Capital Limited, for a total acquisition price of £49.0 million. The Sale Portfolio consists of…
Qualcomm and Seeing Machines deliver next generation ADAS and infotainment technology
LONDON: Seeing Machines Limited has been featured at the Qualcomm Technologies ‘Automotive Redefined: Technology Showcase’ where the companies announced they would work together to design a leading driver monitoring system solution utilising Seeing Machines driver and full cabin monitoring technologies for Qualcomm Snapdragon Automotive Cockpit Platforms and for the Qualcomm Snapdragon Ride Platform. As a…
Seeing Machines (LON: SEE)
Seeing Machines (LON: SEE), a global company founded in 2000 and headquartered in Australia, is an industry leader in vision-based monitoring technology that enable machines to see, understand and assist people. Seeing Machines’ technology portfolio of AI algorithms, embedded processing and optics, power products that need to deliver reliable real-time understanding of vehicle operators. The…
Ofgem proposes to fine Symbio Energy £100,000
LONDON: Ofgem proposes to fine Symbio Energy £100,000, reduced to £85,000 if Symbio agrees to settle, for making four late payments into Government renewables schemes, including Feed-in Tariff (FIT) payments and the Renewables Obligation (RO) scheme. Last year, Symbio Energy missed obligatory deadlines to pay into the RO scheme buy-out fund or present a required…
PhillyLiving anticipates strong demand for lease up services in 2021
PHILADELPHIA: PhillyLiving a leading realty team in Philadelphia, known for their fast lease ups, anticipates a strong demand for their services heading into 2021. Already, the team has become the exclusive leasing agent for multiple new construction properties across Philadelphia including 38 units at Emerald Lofts for Streamline, more than 50 units across five buildings…
Rosalind (Roz) Brewer appointed CEO of Walgreens Boots Alliance
DEERFIELD: Walgreens Boots Alliance Inc. announced the appointment of Rosalind (Roz) Brewer as the company’s Chief Executive Officer, effective on March 15, 2021. Brewer will also join the WBA Board of Directors upon assuming the role. She succeeds Stefano Pessina who, as previously announced, will transition to the role of Executive Chairman of the Board…