AMSTERDAM: MPC Energy Solutions (MPCES) invests in a 2.6 MW grid-tied combined-heat-and-power plant (CHP) development project in Puerto Rico. This is the second project in Puerto Rico for MPC Energy Solutions, following the investment in its Neol CHP plant last year. The new plant will generate electricity using liquefied natural gas (LNG), improving operational efficiencies,…
Pennpetro Energy signs Horse Hill farm-in to drill new production well
LONDON, UK: Pennpetro Energy PLC (LSE: PPP), an independent oil and gas company focusing on production and development in Gonzales County, Texas, USA, has signed a binding term sheet with UKOG (137/246) Ltd and Horse Hill Developments Ltd (HHDL), both subsidiaries of UK Oil & Gas plc (collectively UKOG) to farm-in and drill the next…
Halma Plc has acquired FirePro in a €150 million deal
LONDON, UK: Halma Plc, the global group of life-saving technology companies, has acquired FirePro. FirePro is a leading designer and manufacturer of aerosol-based fire suppression systems. Its systems protect people, critical infrastructure and equipment from fire using a non-pressurised condensed aerosol technology which does not contain ozone depleting substances or fluorinated greenhouse gases and extinguishes…
Golden State Mining to sell two Cue prospecting licenses to Victory Metals
SYDNEY, AUSTRALIA: Lithium, gold and base metals exploration company Golden State Mining Limited (GSM) has entered into a binding agreement with Victory Metals Limited (VTM) for the sale of a 100% interest in tenements P20/2345 and P20/2346 at Cue, located in the Murchison region of Western Australia. Golden State’s Managing Director, Michael Moore commented: “The…
Megaport Limited appoints Michael Reid as the Chief Executive Officer
SYDNEY, AUSTRALIA: Megaport Limited, the industry-leading Network as a Service platform, has appointed Michael Reid as the Company’s Chief Executive Officer, effective 15 May 2023. Michael Reid joins Megaport from Cisco where he currently serves as Chief Revenue Officer for ThousandEyes, one of Cisco’s fastest growing SaaS businesses. Mr Reid brings over 19 years of…
WPP Plc acquires Obviously, a New York based social influencer marketing agency
LONDON, UK: WPP Plc has acquired Obviously, a technology-led social influencer marketing agency based in New York, with operations in San Francisco and Paris. Mark Read, CEO of WPP, said: “The creator economy has experienced huge growth in recent years, and it plays a pivotal role in shaping consumer behavior. The Obviously team brings an…
Ovo Energy is offering a one-year fixed tariff of £2,275 to existing customers
Ovo Energy has launches its first deal below the government’s £2,500 cap on typical household bills amid falling wholesale gas prices, which have fallen by around 80% since August last year, according to the Resolution Foundation, a living standards think tank. The leading UK energy supplier is offering a one-year fixed tariff of £2,275 to…
Barclays closes another 14 branches across UK amid shift to digital banking
Barclays will close another 14 branches at sites across the UK, two in Wales and 12 in England. It is the third time this year that Barclays has announced a set of branch closures. The latest announcement brings the total number to 58 so far this year. Barclays, Nationwide, Virgin Money, NatWest, Lloyds, Halifax and…
Zoom uses OpenAI technologies to the expansion of Zoom IQ
SAN JOSE: Enterprise Connect, Zoom Video Communications (NASDAQ: ZM) announced the expansion of Zoom IQ, a smart companion that empowers collaboration and unlocks people’s potential by summarizing chat threads, organizing ideas, drafting content for chats, emails, and whiteboard sessions, creating meeting agendas, and more. The company also announced it will use OpenAI technologies to bolster…
Seymour Whyte wins €240 million road link project in Australia
PARIS, FRANCE: Seymour Whyte, a VINCI Construction subsidiary in Australia, has been awarded two new projects by Transport for New South Wales (TfNSW) for a total value of approximately AUD 385 million (€240 million). As part of an overall project which will extend the M1 Pacific Motorway by 15 km to address the M1’s ‘missing…
Will Self becomes CEO – Pensions Division at Marwyn Acquisition Company II
LONDON, UK: Marwyn Acquisition Company II (MAC II) announced that Will Self has commenced his role as Chief Executive Officer – Pensions Division, to lead the identification, acquisition, and integration of pensions businesses for MAC II. Will Self joins MAC II from Curtis Banks Group PLC (CBP:LON) where he was Chief Executive Officer. Prior to…
LPA Group to acquire Amphenol’s product line of railway inter-carriage electrical connectors
LONDON, UK: LPA Group plc – the high reliability LED lighting, electronic and electro-mechanical system designer and manufacturer – announced the conditional purchase of a product line from Amphenol Limited. The product line is Amphenol’s UK historic range of railway inter-carriage electrical connectors (inter-car jumpers), complementing LPA Connection Systems’ existing product range. The acquisition, effective…