Exxon Mobil has announced that it will acquire Denbury Inc., a company that specializes in carbon capture, utilization and storage (CCUS) solutions, for $4.9B in an all-stock deal. The deal values Denbury at $89.45 per share, a slight premium to its closing price on Wednesday. Denbury recycles carbon dioxide (CO2) through its Enhanced Oil Recovery…
How To Find And Choose A Reliable Credit Provider?
Finding the right credit provider can be a daunting task. From start-up lenders to established financial institutions, it seems there is no end to the options available when searching for loans or financing. As such, making an informed decision about where and how you should borrow money is critical. It’s important to consider things like…
Elon Musk unveils xAI, his new AI startup with a curious mission
Elon Musk, the billionaire founder of Tesla, SpaceX and Twitter, revealed his latest venture on Wednesday: xAI, an artificial intelligence startup that aims to create a “maximally curious” AI that tries to understand the true nature of the universe. Musk, who has been a vocal critic of AI’s potential dangers and the need for regulation,…
Cleanaway Waste Management acquires used cooking oil business for $39 million
SYDNEY, AUSTRALIA: Cleanaway Waste Management Limited (ASX: CWY) has announced that it has agreed to buy Australian Eco Oils (“AEO”), a leading collector and processor of used cooking oil (“UCO”), for $39 million. The deal is expected to be completed in the first quarter of FY24, subject to customary conditions. AEO, trading under the Scanline…
Tivan signs agreement with Cambridge Gulf to support Speewah Project
SYDNEY, AUSTRALIA: Tivan Limited (ASX: TVN), the owner of the Speewah Vanadium-Titanium-Iron Project in Western Australia, has announced that it has signed a Heads of Agreement with Cambridge Gulf Limited (CGL), the operator of the Wyndham Port, to collaborate on opportunities to support the development of the Speewah Project. Speewah is located in the Kimberley…
Lotus Resources and A-Cap to merge and create a leading African uranium player
SYDNEY, AUSTRALIA: Lotus Resources Limited (ASX: LOT) and A-Cap Energy Limited (ASX: ACB) have agreed to merge via a Scheme of Arrangement, under which Lotus will acquire 100% of the A-Cap shares on issue. Under the Share Scheme, A-Cap shareholders will receive 1 new Lotus share for every 3.54 A-Cap shares held on the Scheme…
TotalEnergies and partners to build LNG plant in Texas
PARIS, FRANCE: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE), Global Infrastructure Partners (GIP) NextDecade Corporation, and their partners, GIC and Mubadala, have decided to invest in phase 1 of Rio Grande LNG (RGLNG), a natural gas liquefaction (LNG) project in South Texas. Phase 1 will consist of 3 liquefaction trains with a total capacity of 17.5 million tons…
Co-op Group appoints Debbie White as new Chair
LONDON, UK: The Co-operative Group (Co-op) has announced that Debbie White will become its new Chair in February 2024, succeeding Allan Leighton who will step down after nine years in the role. Debbie has a wealth of business experience across various sectors, having held senior executive roles at Interserve and Sodexo. She also serves as…
Hunting Plc and CRA-Tubulars team up to target CCUS market in North America
LONDON, UK: Hunting PLC (LSE:HTG), the global engineering group, has signed a collaboration agreement with CRA-Tubulars BV (“CRA”) to develop energy transition market opportunities in North America, using CRA’s novel Titanium Composite Tubing (“TCT”) technology. TCT is a corrosion-resistant and lightweight tubular technology for the upstream oil and gas industry, which can also enable carbon…
UKOG to resume oil production at Avington field
LONDON, UK: UK Oil & Gas PLC (London AIM: UKOG) has announced that it has agreed with its partners to restart oil production at the Avington field. The field was shut-in in 2017, after producing only 0.47% of the estimated 59 million barrels of oil in the ground. The company believes that there is still…
Kelso Group updates on THG investment, sees value in nutrition division
LONDON, UK: Kelso Group, the main market listed investment company, has updated its shareholders on its investment in THG Plc (“THG”), the online retailer and technology group. Kelso confirmed that it owns 8.0 million shares in THG, through ordinary shares and CFDs. Kelso is pleased with the significant progress made by THG during 2023, including…
Diploma expands fluid power presence in Europe with DICSA acquisition
LONDON, UK: Diploma PLC, the value-add distribution group, has announced the purchase of Distribuidora Internacional Carmen SAU (“DICSA”), a leading supplier of fluid power solutions to the European aftermarket, for an initial payment of around £170m (€200m). · A quality business: DICSA offers high value to customers with quality product, wide range, technical service, and…