M&P, a French oil and gas company, has signed a deal to acquire Assala Energy, a British firm that operates upstream and midstream assets in Gabon, for $1.1 billion, the company announced on Tuesday. The deal, which is subject to regulatory approvals, will boost M&P’s presence and production in Gabon, where it has been operating…
Apple to produce iPhone 15 in India soon after China launch
Apple Inc., the world’s most valuable technology company, is gearing up to produce its latest iPhone 15 model in India, shortly after it starts shipping from China, Bloomberg reported. The company has entrusted Foxconn Technology Group, its main manufacturing partner, to prepare a plant in Sriperumbudur, Tamil Nadu, to deliver the new devices to the…
Norway’s oil fund earns $143 billion in first half of 2023
Norway’s sovereign wealth fund, the world’s largest, reported a 10% return, or $143 billion, in the first half of 2023, recovering from one of its worst years ever. The fund, which manages Norway’s oil and gas revenues, benefited from a rally in technology stocks after a weak 2022. The fund invested almost 14% of its…
Intel abandons $5.4 billion deal to buy Tower Semiconductor
Intel Corp, the world’s largest chipmaker, has decided to drop its $5.4 billion deal to acquire Tower Semiconductor Ltd, an Israeli contract chipmaker, after failing to get regulatory approval from China, Reuters reported on Tuesday. Intel, which announced the deal to buy Tower in February 2022, did not receive clearance from Chinese regulators by the…
Occidental buys Carbon Engineering Ltd for $1.1 billion to boost green ambitions
Occidental Petroleum Corp, a U.S. oil and gas producer, announced on Tuesday that it has agreed to pay $1.1 billion for Carbon Engineering Ltd, a Canadian company that develops technology to capture carbon dioxide (CO2) from the air and store it underground or use it for making low-carbon products. The deal is part of Occidental’s…
Fletcher Building’s Australian chief to retire in 2024
SYDNEY, AUSTRALIA: Fletcher Building Ltd, a leading construction and building materials company in New Zealand and Australia, has announced that its Australian chief executive, Dean Fradgley, has decided to retire and will leave the business in early 2024. Fradgley has been with Fletcher Building for 10 years, serving as the chief executive of the New…
Tempest Minerals acquires Fraser Range gold project
Tempest Minerals Ltd (TEM) has announced the acquisition of a compelling new gold project in Western Australia. The Elephant Project is located on the edge of the Albany Fraser Belt, a region that hosts several world class gold deposits, such as Tropicana and Nova-Bollinger. The Elephant Project covers an area of 1,000 square kilometres and…
Casey’s General Stores to acquire 63 stores from EG America
Casey’s General Stores, Inc., one of the leading convenience store chains in the United States, has announced an agreement to acquire 63 convenience stores from EG America, LLC, a subsidiary of EG Group Ltd., another major convenience store operator in the country. The deal is expected to close later this year, subject to customary regulatory…
Calgary imposes outdoor water restrictions due to drought
Calgary, the largest city in Alberta, has announced that it will limit the outdoor water use of its residents and businesses to two hours per week, due to the ongoing drought conditions. This is the first time that the city has imposed such restrictions because of dry weather, as the water flows in the Bow…
Amazon Devices Every College Student Needs for Dorm or Apartment Living
It’s almost time for the new school year to begin, and some of you may have already moved into your college dorms or apartments. You might be wondering what kind of tech gadgets you need to make your college life more convenient and enjoyable. College life can be challenging, but also rewarding and fun. Whether…
Oldcastle APG buys CertainTeed’s fencing, railing and decking business
Oldcastle APG, a subsidiary of CRH, a global building products company, has announced that it has acquired the fencing, railing and decking division of CertainTeed, a building products company based in Pennsylvania. The deal includes CertainTeed’s manufacturing operations at a plant in Buffalo, New York, and another plant in Utah. Oldcastle APG is a leading…
Bentley Systems buys Blyncsy, an AI company for transportation networks
Bentley Systems, a software company that provides solutions for infrastructure engineering, has announced that it has acquired Blyncsy, an AI company that offers services for transportation departments to monitor and maintain road conditions. The acquisition is part of Bentley’s iTwin Ventures portfolio, which aims to foster the development and adoption of infrastructure asset analytics using…