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…
Avingtrans reports strong results and order book, proposes acquisition of Adaptix
LONDON, UK: Avingtrans plc (AIM: AVG), the engineering technology group, has announced a trading update for the financial year ended 31 May 2023, showing results in line with market expectations and a record order book. The group has also secured several contract wins in the nuclear sector, worth over £8 million in total. The group…
RC365 Holding Plc has acquired Mr Meal Production Limited
LONDON, UK: RC365 Holding Plc has acquired 100% of the issued share capital of Mr Meal Production Limited, a company providing a media and advertising services to Hong Kong companies for a total consideration of HK $2 million to be satisfied by a combination of cash and issue of new Ordinary Shares. The Consideration is…
DORE acquires Swedish electricity distributor, Blåsjön Nät AB, for £7 million
LONDON, UK: DORE, a UK-based renewable energy company, has announced the acquisition of Blåsjön Nät AB, a Swedish electricity distribution system operator, for about £7 million. Blåsjön delivers 16-18 GWh of electricity per year to around 1,500 customers in northern Sweden, through a network of 436km of overhead lines and substations. The company operates a…
Domino’s Pizza Group appoints Andrew Rennie as Chief Executive Officer
LONDON, UK: Domino’s Pizza Group Plc announced the appointment of Andrew Rennie as Chief Executive Officer (CEO). Andrew will join as a Director of DPG on 1 August 2023 and will assume the role of CEO with effect from 7 August 2023. Andrew has an extensive career in the Domino’s global system, a deep knowledge…