PERTH, AUSTRALIA: Woodside Energy has notified that on 25 August 2019 the Greater Enfield Project produced first oil through the Ngujima-Yin floating production storage and offloading vessel (FPSO). Greater Enfield Project was approved in 2016, to develop the Laverda Canyon, Norton over Laverda and Cimatti oil accumulations through a subsea tie-back to the Ngujima-Yin FPSO,…
Al Salam Bank’s H1 profit rises by 30 percent to USD 32.62 million
BAHRAIN: Al Salam Bank-Bahrain, the pioneering Shari’a-compliant bank in the Kingdom of Bahrain, posted a net profit attributable to shareholders of BHD 12.31 million (USD 32.62 million) for the first half of 2019; reflecting a 30 % increase over the BHD 9.47 (USD 25.13 million) reported for the same period last year. Al Salam’s quarterly…
Nomura signs MOU for business alliance with San-in Godo Bank and Gogin Securities
TOKYO: Nomura Securities Co., Ltd., a wholly owned subsidiary of Nomura Holdings, has signed a memorandum of understanding (MOU) with San-in Godo Bank, Ltd. and its wholly owned subsidiary Gogin Securities to explore a comprehensive business alliance aimed at providing financial intermediary services. The MOU sets out fundamental principles and other necessary considerations for entering…
Kodal Minerals lodges ESIA for Bougouni Lithium project, Mali
LONDON: Kodal Minerals, the mineral exploration and development company focused on its Bougouni Lithium Project in southern Mali has announced the completion and lodging of the Environmental and Social Impact Assessment (ESIA) for the proposed open pit mining and processing operation at Bougouni. Bernard Aylward, CEO of Kodal Minerals, remarked: “The submission of the ESIA…
OGDC announces discovery of oil and gas
LONDON: Pakistan’s leading exploration and production (E&P) company, Oil and Gas Development Company (OGDCL) has notified that as per information received from MOL, the operator of TAL Block, hydrocarbons have been encountered in Development well Makori Deep-02, which has been drilled and is currently under testing phase. As a result of drill stem test (DST)…
Heimtextil Russia’s 21st edition in Moscow starts on September 17
KARACHI: International Trade Fair for home textiles, floor coverings and interior furnishings, Heimtextil Russia 2019 will celebrate its 21st edition in Moscow on September 17 – 19, 2019. As many as six Pakistani companies will participate at Heimtextil Russia being held from 17 – 19 September, 2019 under Trade Development Authority of Pakistan (TDAP) Pavilion….
Anglo American appoints Goldman Sachs
LONDON: Anglo American Plc has appointed Goldman Sachs in connection with its previously announced $1 billion share buyback programme Further to the announcement on 25 July 2019 in respect of the commencement of a share buyback programme of up to $1 billion, Anglo American plc announced that it has now entered into an agreement with…
SPDI completes sale of assets in Greece
LONDON: Secure Property Development & Investment (SPDI), the South Eastern European focused property company, announced the completion of the sale of its Victini Logistics property in Greece to Brook Lane Capital. As announced on 9 July 2019, the Company agreed to sell Victini at a deemed valuation of €12.5 million, including €10.3 million of debt,…
London Southend Airport signs agreement with Wizz Air
LONDON: Stobart Group, the aviation, energy and civil engineering group, announced a new partnership with the largest low-cost airline in Central and Eastern Europe, Wizz Air. From Thursday 22 August 2019, Wizz Air will put on sale three new routes from London Southend Airport to Bucharest (Romania), Sibiu (Romania), and Vilnius (Lithuania). Wizz Air will…
Strategic diamond licences extended in the Botswanan Lalahari
LONDON: Botswana Diamonds reported that Prospecting Licences PL232 and PL235, held by the Company’s wholly-owned subsidiary Sunland Minerals (Pty) Limited, have been renewed for an additional two years to 30 September 2021. These key licences, covering just over 500sq kms, are strategically located in the central Kalahari Desert west of the Ghaghoo diamond mine. Botswana…
Tlou Energy announces Lesedi pods achieve sustained gas flows
LONDON: Tlou Energy Limited, company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), announced that sustained gas flow rates have been achieved at both the Lesedi 3 and Lesedi 4 production pods. Lesedi 3 and 4 have each achieved an initial sustained gas flow of approximately…
Stephen Wilson appointed Chief Executive of Genus Plc
LONDON: Genus plc, an animal genetics company, announced that Stephen Wilson, currently Group Finance Director, has been appointed by the Board as Chief Executive with effect from the close of business on 13 September 2019. This follows the announcement of 25 March 2019 that Karim Bitar will be stepping down from the Board and taking…