LONDON, UK: GSEO, a London-listed company focused on the energy infrastructure for the global transition to net zero, has announced that it has completed the construction of its first hybrid solar and battery plant in Australia. The plant, located in South Australia, consists of a 2 hours 4.95MW battery energy storage system (BESS) co-located with…
Eco Atlantic sells 6.25% stake in South Africa block to Africa Oil
LONDON, UK: Eco Atlantic Oil & Gas Ltd., an exploration company focused on the offshore Atlantic Margins, has agreed to sell a 6.25% interest in Block 3B/4B, offshore South Africa, to its partner and operator Africa Oil Corp. for up to US$10.5m in cash. The deal, which is subject to regulatory approvals from the South…
Intuitive Investments Group appoints Sir Nigel Rudd as its next chairman
LONDON, UK: Intuitive Investments Group plc (IIG), a closed-end investment company focused on the life sciences sector, has announced the appointment of Sir Nigel Rudd as its next chairman. Sir Nigel, a veteran of the UK business scene who has chaired several FTSE 100 companies, will take over the role from Julian Baines, who will…
Christie Group chief executive David Rugg steps down after 35 years
LONDON, UK: Christie Group plc, the leading provider of professional business services to the leisure, retail and care sectors, has announced that its long-serving chairman and chief executive David Rugg has resigned with immediate effect. Mr Rugg, who joined the group in 1986 and became its chief executive in 1993, has decided to leave the…
Pennon Group buys three solar projects to boost green energy
LONDON, UK: Pennon Group, the owner of South West Water and Viridor, has announced the acquisition of three solar power projects in the UK, as part of its strategy to expand its renewable energy generation and achieve net zero emissions by 2030. The three projects, located in Buckinghamshire, Aberdeenshire and Cumbria, have a combined capacity…
Centrica signs major LNG supply agreement with Delfin Midstream
LONDON, UK: Centrica and Delfin Midstream Inc today announced the signature of a long-term Sale and Purchase Agreement for 1.0 million tonnes per annum (MTPA) of Liquefied Natural Gas (“LNG”) for 15-years on a Free on Board (“FOB”) basis at the Delfin Deepwater Port, located 40 nautical miles off the coast of Louisiana. This agreement…
Foxconn exits India’s chip making project with Vedanta
Foxconn, the world’s largest contract electronics manufacturer and a key supplier to Apple, has backed out of a $19.5bn deal with Vedanta Resources to build a semiconductor plant in India. The companies had announced the joint venture in August 2022, saying it would create 100,000 jobs and boost India’s domestic chip production. But less than…
Aker Carbon Capture appoints Egil Fagerland as new Chief Executive Officer
OSLO, NORWAY: Aker Carbon Capture announced the appointment of Egil Fagerland as its new Chief Executive Officer with effect from today, July 11, 2023. Fagerland will replace Valborg Lundegaard, who is stepping down to focus on her health and family. Fagerland is currently CFO of Aker Carbon Capture and has been with the company since…
Dubai Investments and E20 sign MOU for agricultural investment in Angola
DUBAI, UAE: Dubai Investments, the leading investment company listed on the Dubai Financial Market, and E20 Investment, an Abu Dhabi-based agribusiness investment company, signed a Memorandum of Understanding (MOU) to develop 3,750 Ha of agricultural land in Angola, harnessing the potential of the country’s agricultural sector for sustainable growth and economic development. E20 Investment, specializes…
Exchange rates for GBP against major currencies on July 11, 2023
LONDON: The latest exchange rates for GBP against major currencies such as USD, EUR, JPY, AUD and more. Stay up-to-date on the latest fluctuations and trends in the GBP-exchange market. According to www.exchangerates.org.uk: GBP-EUR 1.1691 Pounds to Euros GBP-USD 1.2881 Pounds to Dollars GBP-NZD 2.074 Pounds to New Zealand Dollars GBP-AUD 1.9266 Pounds to Australian…
Streamplay launches mGames in partnership with bmobile in Papua New Guinea
SYDNEY, AUSTRALIA: Streamplay Studio Limited (ASX:SP8), a casual gaming company, has announced the launch of mGames, a branded version of its ArcadeX white-label technology, in Papua New Guinea in partnership with bmobile, a leading telco in the region. mGames is a subscription-based service that offers over 200 quality games across various genres, including popular characters…
TotalEnergies and SONATRACH sign agreements to boost gas production, LNG supply and renewables in Algeria
PARIS, FRANCE: TotalEnergies, a French energy company, and SONATRACH, the Algerian state-owned oil and gas company, have signed several agreements to strengthen their cooperation in the production of natural gas in Algeria, the delivery of liquefied natural gas (LNG) to Europe, as well as the development of renewables in Algeria. The agreements were signed during…