HERNING: Everfuel A/S announced the signing of a Memorandum of Understanding (MOU) with an undisclosed German-Norwegian shipping company for collaboration on hydrogen supply to a new zero-emission shipping solution. The two parties are exploring a cooperation whereby Everfuel will be responsible for delivery of hydrogen, including planning, installation and operation of an optimized, scalable fueling…
Alstom announces first order of hydrogen trains in France
PARIS: Auvergne-Rhône-Alpes, Bourgogne-Franche-Comté, Grand Est and Occitanie regions sign the very first order of dual mode electric-hydrogen trains in France. This marks a historic step in rail transport’s reduction in CO2 emissions for the benefit of passengers and regions, and in the development of a hydrogen ecosystem as well as a promising sector for the…
Anglo American to demerge South Africa thermal coal operations
LONDON: Anglo American plc announced the demerger of its thermal coal operations in South Africa, subject to the approval of Anglo American’s shareholders on 5 May 2021. The separation will be implemented through the transfer of Anglo American’s thermal coal operations in South Africa to a new holding company, Thungela Resources Limited, the demerger of…
Zenith signs extension of SPA for SLK acquisition from KUFPEC
LONDON: Zenith Energy Netherlands has signed an extension agreement in respect of the conditional sale and purchase agreement (SPA) it signed with KUFPEC (Tunisia) Limited (KUFPEC), a 100% subsidiary of Kuwait Foreign Petroleum Exploration Company K.S.C.C, a subsidiary of the State of Kuwait’s national oil company, for a participation in, inter alia, the North Kairouan…
MMX to sell majority of assets to GoDaddy’s Registry Services LLC for $120 million
LONDON: Minds + Machines Group Limited (MMX) has conditionally agreed to sell the majority of the company’s assets and transfer its rights and obligations under contracts and/or government approvals relevant for the operation of the assets to Registry Services LLC (GoDaddy Registry), an affiliate of GoDaddy Inc., for US$120 million in cash. The Consideration is…
Caerus Mineral Resources acquires of Ploutonic Resources Limited
LONDON: Caerus Mineral Resources announced the acquisition of PR Ploutonic Resources Ltd (PRL), subject to Shareholder approval. PRL is a private, Cypriot-registered exploration and mining company, the acquisition of which provides Caerus with access to a further suite of advanced copper-gold exploration licences in the Republic of Cyprus. Each of the three licences acquired, Troulli,…
AssetOwl Limited appoints Geoff Goldsmith as Chief Executive Officer
SYDNEY: AssetOwl Limited announced the appointment of Geoff Goldsmith as Chief Executive Officer. Mr Goldsmith has been consulting to the Company for last four months, working with the board and management team to develop the Company’s commercial roll out strategy, financial model and further R&D and resourcing plans. The Company is now poised to expedite…
Raven Industries acquires intellectual property portfolio of Jaybridge Robotics
SIOUX FALLS: Raven Industries Inc. has purchased all of the intellectual property (IP) and patents of Jaybridge Robotics, an early developer of automated agriculture technology. Jaybridge’s unique IP portfolio includes significant and critical patents for technology directly related to path-planning, obstacle detection and avoidance, and multi-machine control systems. Raven will leverage this IP portfolio with…
Sean O’Connell appointed President and CEO of Securian Asset Management
ST. PAUL: Securian Asset Management Inc. announced that Sean O’Connell will succeed David Kuplic as president and CEO of Securian Asset Management—and chief investment officer for Securian Financial—on July 1, 2021. Kuplic is retiring after 17 years of service with Securian Financial and a 37-year career in the investment industry. “It has been an honor…
Gaia Herbs appoints Jim Geikie as new President and Chief Executive Officer
BREVARD: Gaia Herbs, a leading natural herbal products brand in the United States, has announced the appointment of Jim Geikie to President and Chief Executive Officer for the company, effective immediately. Having previously served on the Gaia Herbs Board of Directors, Geikie is well acquainted with the pioneering brand and has the ideal background, experience,…
Telenor and Axiata to merge Malaysian operations
OSLO: Telenor Group and Axiata Group Berhad are in advanced discussions regarding a potential merger between its mobile operations, Celcom and Digi, in Malaysia, a news release said. Both parties will have an equal ownership of 33.1% in the combined entity. As part of the transaction, Axiata will receive newly issued shares in Digi, a…
Polish regulator grants Contract for Difference to the Baltica offshore wind farms
WARSAW: The Polish Energy Regulatory Office has awarded a Contract for Difference to the Baltica 3 and Baltica 2 offshore wind farms with a total capacity of up to 2.5 GW, a news release said. Baltica 3 and 2 will contribute significantly to Poland’s green energy transition, accelerate the development of the local supply chain…