OSLO: Avance Gas Holding Ltd has announced the sale of its two remaining dual fuel newbuildings for $240 million, generating a profit of about $73 million and a cash release of $160 million. The buyer will take delivery of the ships from the yard in 2024. The ships are capable of loading and running on…
How to deal with common threats to Android security
Android phones are not safe, your data is not safe, your saved passwords not safe, and mobile phones can be used to bug you also. Android is the most popular mobile operating system in the world, powering billions of devices across the globe. However, this popularity also comes with a price: Android is a frequent…
Societe Generale to sell its African subsidiaries to Vista Group
OSLO, NORWAY: Societe Generale, a leading European bank, has announced that it will divest its shares in two of its African subsidiaries: Société Générale Burkina Faso and Banco Société Générale Moçambique. The bank has signed two agreements with Vista Group, a pan-African financial services group, to transfer its 52.6% and 65% stakes in the two…
How Can I Become a Pilot?
Embarking on the journey to become a pilot is an exciting and rewarding goal that opens up a world of adventure and professional opportunities. Whether you dream of soaring through the skies as a commercial airline pilot or piloting private aircraft for leisure, the path to becoming a pilot involves specific steps and dedication. In…
Oxford Biomedica transforms into a pure-play CDMO in cell and gene therapy
LONDON, UK: Oxford Biomedica, a leading cell and gene therapy CDMO, has announced a business update for the year ending 31 December 2023. The update highlights the Company’s progress in transforming its operations, expanding its client base, and enhancing its capabilities across multiple viral vector platforms and sites. The Company has completed the reorganisation of…
Wynnstay acquires two industrial properties from Gunne family for £2.525 million
LONDON, UK: Wynnstay, a property investment company, has announced that it has agreed to buy two industrial properties from the Gunne family for £2.525 million. The properties are located in Banbury and Stevenage and are leased to trade counter businesses. The Banbury property consists of two freehold buildings with service yards and an access road….
EQTEC Plc has signed agreement for a plant in California
LONDON, UK: EQTEC Plc has signed agreement for a plant in California. The company will provide engineering services and equipment supply for a plant that will convert wood waste into syngas and electricity. Phoenix is the project developer and partner. Phoenix is a renewable energy company that operates in areas where forest fires are a…
Energean Plc enters Morocco gas market with Chariot deal
LONDON, UK: Energean plc, a Mediterranean gas producer, has announced a farm-in agreement with Chariot Limited, a UK-based oil and gas company, to acquire a stake in two offshore licences in Morocco. The deal includes the Anchois gas development, which has 18 billion cubic meters (Bcm) of gross reserves, and several exploration prospects. Energean will…
EnQuest announces new CEO for Veri Energy and new CFO for the Group
LONDON, UK: EnQuest PLC, an oil and gas company, has announced some changes in its senior management. Salman Malik, the current CFO and Managing Director of Infrastructure and New Energy, will become the CEO of Veri Energy, a subsidiary of EnQuest that will focus on developing the company’s infrastructure and new energy business. Malik will…
CEO DS Smith Plc Miles Roberts to retire
LONDON, UK: DS Smith Plc announced that Miles Roberts has informed the company of his intention, following 13 years with the company, to retire from the Board and from his role as CEO. A thorough recruitment process will be conducted and Miles will remain as a director of the Company and CEO throughout and will…
KKR offers to acquire Smart Metering Systems plc for £1.3 billion
LONDON, UK: Kohlberg Kravis Roberts & Co. L.P. (KKR), through a newly formed Sienna Bidco, reached agreement on the terms of a recommended all cash acquisition of Smart Metering Systems plc (SMS) at the rate of 955 pence in cash per share valuing SMS at £1.3 billion on a fully diluted basis, and this implies…
Woodings Industrial acquires Superior Machine Company, expands melt shop capabilities
PITTSBURGH: Woodings Industrial Corporation and affiliated companies have announced the acquisition of Superior Machine Company of South Carolina, Inc., a leading provider of electric arc furnace and continuous casting equipment and services. The acquisition will strengthen Woodings Industrial’s position in the North American market for melt shop engineering, design, maintenance, and repair. Superior Machine, founded…