PARIS: Perenco, an independent hydrocarbon producer, has become a Silver Sponsor for the Invest in African Energy (IAE) forum, underscoring its dedication to Africa’s oil and gas potential. The company, with a presence in multiple African nations, is at the forefront of the continent’s energy development, notably in Gabon with its $1-billion Cap Lopez LNG…
Alba Mineral Resources secures option for lithium exploration in WA
LONDON: Alba Mineral Resources plc has announced the acquisition of an option to purchase a 50% stake in the Andover West Lithium Project, located in the lithium-rich region of West Pilbara, Western Australia. The deal includes exploration licences E47-3373 and ELA47-4844, amid a surge of lithium exploration activity in the area. Recent discoveries near the…
Suzano Ventures invests in Bioform Technologies
Suzano Ventures, the corporate venture capital arm of Suzano, the world’s largest market pulp producer, has made a strategic investment into the Canadian materials science startup, Bioform Technologies. The investment provides up to US$5 million towards the company’s seed round, enabling it to accelerate the development of its novel bio-based plastic alternatives. The products can…
Casino Group announces major transformation plan amidst financial restructuring
PARIS: Casino Guichard-Perrachon, commonly known as Casino Group, has unveiled a comprehensive transformation plan. The initiative comes on the heels of a challenging financial period marked by significant net losses and aims to realign the organization with its new focus on convenience store networks. Strategic Organizational Changes The plan outlines a series of strategic changes,…
IMCD Spain to acquire Cobapharma
ROTTERDAM: IMCD Spain has signed an agreement to acquire 100% of the shares in Cobapharma S.L.U, a European distributor in the pharmaceutical and nutraceutical industry. Established in 2011 and headquartered in Barcelona, Spain, Cobapharma provides an extensive portfolio of Active Pharmaceutical Ingredients (APIs) as well as nutraceutical ingredients. With 20 employees, Cobapharma represents leading suppliers…
TotalEnergies and Vanguard to develop renewable natural gas in the United States
PARIS: TotalEnergies and Vanguard Renewables have joined forces to establish a joint venture that promises to revolutionize the production of renewable natural gas (RNG) in the United States. The agreement, signed in New York on April 12th, 2024, was witnessed by industry giants Patrick Pouyanné and Larry Fink, the respective CEOs of TotalEnergies and BlackRock….
Woodside Energy leads transformation in Energy Sector: CEO Meg O’Neill
LONDON: In a year marked by both triumph and tragedy, Woodside Energy has emerged as a leader in the energy sector’s transformation. CEO and Managing Director Meg O’Neill reflected on the company’s journey through 2023, a year of record production and strategic advancements, but also a year marred by the loss of a colleague at…
TotalEnergies EP Congo increases Moho interest; divests from Nkossa and Nsoko II
LONDON: TotalEnergies EP Congo, an 85% subsidiary of TotalEnergies, has inked a deal with Trident Energy to adjust its stakes in multiple offshore licenses. The agreement entails TotalEnergies EP Congo acquiring an additional 10% interest in the Moho deep-offshore field, while selling its 53.5% stake in the mature Nkossa and Nsoko II fields to Trident…
Angle plc signs new commercial agreement with AstraZeneca
LONDON: ANGLE plc (AIM:AGL), a world-leading liquid biopsy company with innovative circulating tumour cell (CTC) solutions for use in research, drug development and clinical oncology has signed a supplier agreement with the global biopharmaceutical company, AstraZeneca PLC, to develop and validate a methodology leveraging ANGLE’s existing DNA damage response (“DDR”) assay for the detection of…
BioPharma Credit signs $200 million loan agreement with Tarsus Pharmaceuticals
LONDON: BioPharma Credit PLC (LSE: BPCR), a leading debt investment trust specializing in life sciences, has declared a substantial financial deal with Tarsus Pharmaceuticals, Inc. The agreement, facilitated by BioPharma Credit’s wholly-owned subsidiary and BioPharma Credit Investments V (Master) LP, collectively known as the Lenders, will see an investment of up to $200 million to…
Filtronic secures a long-term partnership with SpaceX in the LEO space market
LONDON: Filtronic plc (AIM: FTC), the designer and manufacturer of products for the aerospace, defence, space and telecoms infrastructure markets, has entered into a strategic partnership and commercial agreement with Space Exploration Technologies Corp. (SpaceX). The partnership includes the ongoing supply of E-band Solid State Power Amplifiers (“SSPA”) in addition to the development and supply…
Apax Funds to acquire IANS
LONDON: Apax Global Alpha (AGA), the closed-ended investment company providing access to the Apax Private Equity Funds, today announced that it expects to invest approximately €8m in IANS on a look-through basis. On 23 April 2024, the Apax Digital Fund II (ADF II), in which AGA is a limited partner, announced that it had reached…