DUBAI: Shelf Drilling Ltd. has secured a $59 million contract for its recently acquired high-specification jack-up rig, Shelf Drilling Enterprise, with Chevron Thailand Exploration and Production, Ltd. for operations in the Gulf of Thailand. The contract is expected to commence in August 2020 and run through April 2022 with an option to extend. The contract…
BRICKLIVE signs agreement with Entertainment One for Peppa Pig themed tours
LONDON: Live Company Group’s subsidiary BRICKLIVE International has signed a multi year license agreement with Entertainment One UK Limited, a wholly owned subsidiary of Entertainment One Ltd (eOne), to produce themed tours associated with properties and characters of one of the world’s most famous and global children’s brand, Peppa Pig. Entertainment One, which was recently…
CoalTech Sarl to develop $16mn coal project in Uzbekistan
LONDON: Coaltech Sarl has signed an MOU with the Republic of Uzbekistan Ministry of Innovation and Development and the Uzbekistan Railway company for the development in Uzbekistan of a project for the processing of coal fines into coal pellets, with an initial estimated value of US$16 million. CoalTech Sarl is a joint venture between Coaltech…
Bahrain Bourse adopts new listing rules to clarify regulatory and organizational framework
MANAMA, BAHRAIN: Bahrain Bourse’s (BHB) has adopted the new Listing Rules that aim to clarify the regulatory and organizational framework governing all operational aspects of Bahrain Bourse, particularly future listings. The new Listing Rules will be effective immediately, allowing for companies currently listed on the market a grace period of 3 months to abide by…
Nebras Power acquires majority stake in Stockyard Hill Wind Farm in Australia
DOHA, QATAR: Nebras Power Investment Management has successfully completed a transaction with Goldwind Stockyard Hill Wind Farm Limited, a wholly owned Hong Kong affiliate of Xinjiang Goldwind Science & Technology Co., Ltd by acquiring a 49% equity stake in Stockyard Hill Wind Farm in Australia. Located 35 km west of Ballarat in Victoria, Stockyard Hill…
Elsight gets order for 50 Halo units from Israel Aerospace Industries
SYDNEY, AUSTRALIA: Elsight has concluded a large-scale Proof-of-Concept (POC) field trial with Israel’s largest defence, aerospace, robotics, and aviation manufacturer, Israel Aerospace Industries (IAI). An initial purchase order for 50 Halo units has been placed with the Company following the wide-ranging POC. The trial’s goal was to fine tune the technology in field trial conditions….
Dr Tony McKenna appointed Group CEO and MD of Wattle Health Australia
MELBOURNE: Wattle Health Australia Limited has appointed Dr Tony McKenna as the Group Chief Executive Officer and Managing Director effective 13 January 2020. Concurrently, the Company’s Executive Director, CEO and Co-Founder Mr Lazarus Karasavvidis has resigned from the Board of the Company and agreed to step down from his role as CEO. The Company’s ASEAN…
Ergomed acquires Ashfield for $10 million
LONDON: Ergomed plc has acquired Ashfield Pharmacovigilance Inc. from UDG Healthcare US Holdings for a total cash consideration of $10 million. Ashfield PV is a long-established and respected provider in the pharmacovigilance services sector. It was founded as Drug Safety Alliance (DSA) in 2000 and was acquired by UDG in 2012. The Acquisition aligns with…
GCM Resources announces extension of MOU with NFC and PowerChina
LONDON, UK: GCM Resources plc has agreed an extension of the memorandum of understanding (MoU) with China Nonferrous Metal Industry’s Foreign Engineering and Construction Co., Ltd. (NFC) and Power Construction Corporation of China, Ltd. (PowerChina), for a further three months, on the same terms as previously announced. The extension enables the Company to continue to…
Avingtrans’ Hayward Tyler gets £2 million solar contract in Dubai
LONDON: Avingtrans PLC’s subsidiary Hayward Tyler has been awarded a £2 million contract to supply a glandless pump package to major Chinese EPC, Shanghai Electric (Group) Corporation, for installation at Bin Rashid Al Maktoum Solar Park Phase IV, a 950MW Concentrating Solar Power (CSP) and Photovoltaic (PV) Hybrid IPP. The project will make use of…
Rostelecom completes acquisition of DataLine
MOSCOW, RUSSIA: Rostelecom’s subsidiary Rostelecom Datacenters has completed the deal to acquire a 100% share of DataLine, the second largest datacentre provider in Russia. The Board of directors approved the deal on 20 November 2019. Rostelecom is the Russia’s largest digital communication services provider. Mikhail Oseevskiy, President of Rostelecom, commented: “The acquisition of DataLine strengthens…
AM Best affirms credit ratings of EyeMed Insurance Company
OLDWICK: AM Best, a global credit rating agency, news publisher and data provider specializing in the insurance industry, has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Rating (Long-Term ICR) of “a” of EyeMed Insurance Company (EIC) (Phoenix, AZ). The outlook is stable. EIC, along with EyeMed Vision Care LLC,…