SANDNES, NORWAY: Vår Energi AS, one of the largest independent upstream oil and gas companies on the Norwegian Continental Shelf, announced its intention to launch an initial public offering (IPO) of its shares and to apply for a listing on Oslo Børs. With more than 50 years of successful NCS operations, Vår Energi has established…
David Cutter to step down from Group CEO role at Skipton Building Society
LONDON, UK: Skipton Building Society announced that, after almost 30 years with the business, 13 of which as Group Chief Executive, David Cutter and the Board have agreed that he will step down from his role with effect from the Society’s AGM in April 2022. This follows a period of considerable progress for the Society,…
Spirax-Sarco Engineering to acquire Cotopaxi Limited for £12.8mn
LONDON, UK: Spirax-Sarco Engineering has entered into a definitive agreement to acquire Cotopaxi Limited, a digitally enabled, global energy consulting and optimisation specialist, from Business Intelligence of Oriental Nations Corporation Ltd, for a consideration of £13.3 million, which is £12.8 million on a cash and debt free basis. The transaction will be funded from cash…
Oracle Power and SSGC sign MoU to produce synthetic natural gas
LONDON, UK: Oracle Power has signed a non-binding Memorandum of Understanding (MoU) with Sui Southern Gas Company (SSGC) relating to the joint development of a synthetic natural gas (syngas) project utilising coal from Thar. The MoU agreement sets out that the parties shall explore and carry out feasibility studies of their respective areas of expertise…
Wendel to acquire 99% shares in ACAMS for $355mn
PARIS, FRANCE: Wendel has entered into an agreement alongside Colibri Group, a Gridiron Capital company, to acquire the Financial Services segment of Adtalem Global Education (NYSE: ATGE). As part of the transaction, Wendel will acquire the Association of Certified Anti-Money Laundering Specialists (ACAMS), and Colibri will separately acquire Becker Professional Education and OnCourse Learning. Scott…
MCS Services acquires traffic management firm, Highways Traffic
SYDNEY, AUSTRALIA: MCS Services Limited has signed a Binding Terms Sheet for the acquisition of 100% of the share capital of Highways Traffic Pty Ltd, a premier provider of trained Traffic Management manpower and assets in Western Australia. The acquisition allows MCS Services to bring to bear its core management strengths into a separate market…
Fortescue Metals to acquire Williams Advanced Engineering for £164mn
PERTH, AUSTRALIA: Fortescue Metals Group has entered into a share sale and purchase agreement to acquire 100 per cent of Williams Advanced Engineering Limited (WAE) from private equity firm EMK Capital and Williams Grand Prix Engineering Limited for £164 million. The transaction is expected to conclude by the end of March 2022, subject to the…
Group 6 Metals appoints Keith McKnight as Chief Executive Officer
SYDNEY, AUSTRALIA: Group 6 Metals announced appointment of Keith McKnight as Chief Executive Officer, through a consultancy agreement with Dara Advisory Pty Limited (Consultant) effective 24 January 2022. Mr McKnight joins Group 6 Metals with over 22 years of mining and resources project delivery and company management experience in Australia and overseas in the areas…
ABx Group appoints Dr Mark Cooksey as CEO
SYDNEY, AUSTRALIA: ABx Group Limited has appointed Dr Mark Cooksey as its new CEO to lead the company through major transformations in 2022. ABx Group is an emerging hi-technology and explorer-developer company that commenced a series of transformative developments in late 2021 that have been strongly supported by shareholders in recent capital raisings in late…
Tony McKenna appointed MD & CEO of Midway Limited
SYDNEY, AUSTRALIA: Midway Limited announced its new Managing Director and Chief Executive Officer, Tony McKenna, has commenced work with the company. Mr McKenna’s appointment follows the decision of the previous Managing Director and Chief Executive Officer, Mr Tony Price, to step down after six years in the role so that he can pursue non-executive roles….
Bahrain Steel achieves record production of iron-ore pellets in 2021
MANAMA, BAHRAIN: Bahrain Steel, a subsidiary of Foulath Holding, successfully reached record production of 12 million tons of iron-ore pellets in 2021. Bahrain Steel is a leading producer and global supplier of high grade iron-ore pellets. Bahrain Steel already contributes more than 4% of GDP and 25% to the country’s non-oil exports as well as…
TotalEnergies Withdraws from Myanmar
PARIS–(BUSINESS WIRE)– Following the coup of 1st February 2021 in Myanmar, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has firmly condemned on several occasions the abuses and human rights violations taking place there. Since then, our company’s decisions have been guided by clear principles: to halt all our ongoing projects, but to continue to produce gas from the…