LONDON: UK Oil & Gas PLC (UKOG) announced that following last week’s formal government consent to the Company’s 50% ownership of the 305 km² Basur-Resan oil appraisal and exploration licence, it has now also completed the transaction with Aladdin Middle East Ltd (AME). Effective forthwith the conduct of the Licence’s operations will now be governed…
Giles Everist appointed CFO at Capital Limited
LONDON: Capital Limited, a leading mining services company focused on the African markets, announced the appointment of Giles Everist to the role of Chief Financial Officer (CFO), commencing 1 March 2021. Mr. Everist will replace André Koekemoer, who has resigned to return to South Africa for personal reasons. Mr. Everist has spent the large majority…
Capital Limited (LON: CAPD)
Capital Limited (LON: CAPD) is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry, focusing on the African markets. The Company’s services include: exploration, delineation and production drilling; load and haul services; mining equipment hire and maintenance; and geochemical analysis….
Bruce Marsh appointed group chief financial officer at Dixons Carphone
LONDON: Dixons Carphone plc announced the appointment of Bruce Marsh as Group Chief Financial Officer with effect from 12 July 2021. Bruce Marsh has been Finance Director, UK and Ireland, at Tesco plc since 2015. Before that Bruce was at Kingfisher plc, where he was Managing Director of Kingfisher Future Homes and Group Strategy Director,…
Amended Agreement: Air Europa acquisition price reduced by 50% to €500 million
LONDON: International Airlines Group (IAG) and Globalia have amended the original agreement announced on 4 November 2019 under which IAG’s subsidiary, Iberia, has agreed to acquire the entire issued share capital of Air Europa. Under the terms of the Amendment Agreement, the parties have agreed that the amount to be paid by Iberia for Air…
Ipsen appoints Gwenan White as EVP Communications and Public Affairs
PARIS: Ipsen announced today the appointment of Gwenan White as Executive Vice President, Communications and Public Affairs, effective March 2021. Based in Boulogne, France, she will be responsible for designing, implementing and managing the communications and public affairs strategy for Ipsen at global level, reporting directly to David Loew, CEO, Ipsen. Gwenan will serve on…
Downer EDI awarded $330mn new Telstra contract
AUCKLAND: Downer EDI Limited has been awarded a Field Services contract by Telstra Corporation Limited valued at an estimated $330 million over a maximum term of five years. The contract begins in January 2021 with an initial four-year term, with one extension option of up to one year. Under the contract, Downer will provide services…
ACDI expanding Papercut Operations into Brazil
BENTON: Access Control Devices Inc. (ACDI), a leading Channel Intelligence Partner and PaperCut Authorized Solutions Center, announced the official hiring of Rodrigo Romão for the position of Lead Solutions Architect as it expands its Latin American operations into Brazil. Mr. Romão joins ACDI after many years as a Solutions Architect within the PaperCut ecosystem. His…
Modern Meat plans acquisition of Kitskitchen Soups
VANCOUVER: Modern Meat Inc., a plant-based meat manufacturer, has signed a letter of intent for the acquisition of Kitskitchen Health Foods Inc., an established local plant-based soup company with a line-up of products that are currently available in many large grocery retailers including Fresh Street Market and Whole Foods. Led by an all-female leadership team,…
Madison Realty Capital provides $53mn construction financing to Heritage Equity Partners
NEW YORK: Madison Realty Capital, a New York City based real estate private equity firm, has provided $53 million in construction financing to Heritage Equity Partners, led by Toby Moskovits and Michael Lichtenstein, for a 150-unit ground-up multifamily development. The project is located at 875 4th Avenue between 32nd and 33rd Streets, in “South Park…
NEPRA unveils its CSR initiative “Power with Prosperity”
ISLAMABAD: In a bid to introduce an inclusive development model in the power sector of Pakistan, National Electric Power Regulatory Authority (NEPRA) has envisioned developing a Corporate Social Responsibility (CSR) culture with its drive of “Power with Prosperity”. Speaking at a webinar, Chairman NEPRA, Tauseef H. Farooqi saif authority was proactively working on an inclusive…
DNO ASA receives 10 licenses in Norway’s APA Licensing Round
OSLO: DNO ASA, the Norwegian oil and gas operator, today announced that its wholly-owned subsidiary DNO Norge AS has been awarded participation in 10 exploration licenses, of which 4 are operatorships, under Norway’s Awards in Predefined Areas (APA) 2020 licensing round. Of the 10 new licenses, six are in the North Sea and four in…