PARIS, FRANCE: Total Quadran, a wholly owned Total subsidiary involved in the production of renewable electricity in France and its overseas territories, starts up Hélio Boulouparis 2, the largest solar power plant with energy storage in overseas France. The plant is the second tranche of the solar park which is the most extensive solar program…
Tinkoff GDRs included in MOEX Russia indices from next month
LIMASSOL: TCS Group Holding, Russia’s leading provider of online financial and lifestyle services via its Tinkoff ecosystem, announced that its depositary receipts (GDRs) will be included in MOEX Russia indices starting December 2019. The securities will be included in the MOEX Russia Index and the RTS Russia Index from 20 December 2019, according to Moscow…
Infront ASA posts 256% increase in revenue for Q3 2019
OSLO: Infront ASA, a provider of global market data, news, analytics and trading tools, announced group revenue of EUR 25.3 million for Q3 2019 as against EUR 7.1 million same period last year, posting an increase of 256%, driven mainly by the inclusion of vwd Group, full effect of Infront Italia and price increases across…
OKEA ASA completes USD120mn five-year bond issue
OSLO, NORWAY: OKEA ASA, an Exploration and Production (E&P) company, has announced successful completion of a USD 120 million five-year senior secured bond issue with a coupon rate of 8.75 percent and an issue price of 99% of the nominal value. The bond issue attracted broad international investor interest. The bond issue is expected to…
Income of U. S. life, annuity insurers’ declines by 18% in nine months of 2019
OLDWICK: Net income of the life insurance and annuity industry in U. S. shrank 18% to $27.6 billion in the first nine months of 2019, compared with the same prior-year period. This financial review is detailed in a new Best’s Special Report, titled, “First Look – 9-Month 2019 Life/Annuity Financial Results,” and the data is…
Signify launches tailor-made 3D printed professional luminaires for a circular economy
AMSTERDAM: Signify, the world leader in lighting, unveiled its facilities to 3D print light shades and fittings (luminaires) in the Netherlands and plans to establish 3D printing factories in the US, and Indonesia. The company has perfected this highly flexible, more sustainable form of manufacturing, using a 100% recyclable polycarbonate material, which allows luminaires to…
Vulcan to form JV with Pfalzwerke geofuture
PERTH: Vulcan Energy Resources Ltd. has signed a Memorandum of Understanding (MoU) with Pfalzwerke geofuture GmbH, part of the German utility Pfalzwerke Group. The MoU constitutes an initial collaboration period, during which Pfalzwerke geofuture will supply live brine and well data from its operational geothermal power plant, for Vulcan to use in its PFS. A…
Virgin Australia acquires Velocity Frequent Flyer
SYDNEY: Virgin Australia Holdings Limited announced the completion of the acquisition of Connectivity Pte Ltd’s (Affinity’s) approximate 35% minority investment in Velocity Frequent Flyer Holdco Pty Limited. As a result, Virgin Australia now has 100% ownership of Velocity Frequent Flyer and the award-winning “Velocity” loyalty program. Virgin Australia Airlines Pty Ltd, commonly referred to as…
Regal Petroleum to acquire UNI
LONDON: Regal Petroleum plc has entered into a Memorandum of Understanding (MoU) for the acquisition of PJSC Science and Production Concern Ukrnaftinvest (UNI), which holds the Belolisky and Alibeysk-Trapivska production licences in Ukraine. The Memorandum is made between the Company and Ms Lidiia Chernysh and Bolaso Investments Limited, who each own 50% of the issued…
Galena appoints Stewart Howe to its board
SUBIACO: Galena Mining Ltd has appointed Stewart Howe as a Non-Executive Director. The appointment of Howe, a mining and chemical engineer with considerable senior management experience in the global lead/zinc industry, has been made as part of Galena’s continuing evolution of its Board to ensure the best available skills are employed as the Abra Base…
Flex LNG enters into a long-term charter with Gunvor
HAMILTON: Flex LNG Ltd. through one of its subsidiaries has entered into a long-term time charter with Clearlake Shipping Pte Ltd, a subsidiary of Gunvor Group Ltd. The period under the time charter is up to ten years where the first five years are firm. The vessel to be employed under this time charter will…
Nexans declares five-month extension for the CSV Polar King
OSLO: Nexans Skagerrak AS, a wholly owned subsidiary of Nexans Norway AS, have today declared a five-month extension for the CSV Polar King, making the charter firm until July 2020. Polar King is a multipurpose subsea vessel specially designed for operation under severe weather conditions with high manoeuvrability and station keeping capabilities. The vessel provides…