LONDON, UK: Lamprell Plc has entered into a Memorandum of Understanding (MoU) with NOV, a leading energy services company, to support its delivery of three 1 gigawatt (GW) offshore floating wind farms for Cerulean Winds, the UK-based floating offshore wind farm and green hydrogen infrastructure developer. Under the terms of the MoU, NOV has stated…
Coro Energy signs power purchase agreement for its rooftop solar project
LONDON, UK: Coro Energy Plc, the South East Asian energy company supporting the regional transition to a low carbon economy, announced the entry into a 25 year Power Purchase Agreement (PPA) for its rooftop solar project in Vietnam. The PPA has been entered into by Coro Renewables Vietnam (85% owned by Coro and 15% owned…
600 Group completes disposal of machine tool solutions division
LONDON, UK: 600 Group plc, the Industrial Laser Systems Business (AIM: SIXH), and certain other Group companies had entered into a conditional sale and purchase agreement with Timesavers Acquisition LLC (the “Buyer”) relating to the disposal of the entire issued share capital of each of 600 UK Limited, Colchester GmbH, 600 Machinery Australia Pty Ltd…
SEEIT completes €22mn acquisition of biomass cogeneration plant in Portugal
LONDON, UK: SDCL Energy Efficiency Income Trust (SEEIT) has completed the acquisition of an 80% equity interest in a high-efficiency and operational biomass cogeneration plant, Sociedade de Iniciativa e Aproveitamentos Florestais – Energia, S.A., in Mangualde, Portugal from Capwatt S.A, for approximately €22 million. Furthermore, SEEIT has delivered an additional €15 million to SIAF to…
Hayward Tyler secures nuclear contracts from Korea Hydro & Nuclear Power
LONDON, UK: Avingtrans PLC (AIM: AVG), which designs, manufactures and supplies critical components, modules, systems and associated services to the energy, medical and industrial sectors, announced Hayward Tyler, Inc has secured two new nuclear contracts worth a total of US $7m, to be completed before June 2023, from a South Korean customer Korea Hydro &…
Andrew Haythorpe appointed CEO of ECR Minerals plc
LONDON, UK: ECR Minerals plc (LON: ECR), the gold exploration and development company focused on Australia, announced the appointment of Andrew Haythorpe as CEO of the Company. Andrew will join ECR Minerals as a non-board CEO prior to assuming the role of executive director, subject to approval, in six months’ time. Andrew has more than…
tinyBuild announces acquihire of Demagic Games
LONDON, UK: tinyBuild, a premium video games publisher and developer with global operations, announced the acquihire of Demagic Games, a development studio with 23 staff currently based in Ukraine and Russia. The Company has been working with Demagic Games for over a year on various projects including Hello Neighbor 2, unannounced titles, and more recently…
Weir Group acquires Carriere Industrial Supply Limited
LONDON, UK: The Weir Group has completed the acquisition of Carriere Industrial Supply Limited (CIS), a premier manufacturer and distributor of highly engineered wear parts and aftermarket service provider to the Canadian mining industry. Its products, which include mining buckets and lip systems, help customers increase productivity through reduced downtime and improved safety. The enterprise…
Nils K. Selte appointed Group President and CEO of Orkla ASA
OSLO, NORWAY: Orkla ASA Board of Directors has appointed Nils K. Selte as new Group President and CEO. Orkla is a leading supplier of branded consumer goods and concept solutions to the consumer, out of home and bakery market in the Nordics, Baltics and selected markets in Central Europe and India. Selte succeeds Jaan Ivar…
Oil production starts from Hod B in the southern North Sea
OSLO, NORWAY: Operator Aker BP and partner Pandion Energy have reported that oil production has started from Hod B in the southern North Sea. Aker BP and partner Pandion Energy expects Hod to produce 40 million barrels of oil equivalent. The first steel for Hod B was cut in Aker Solutions’ yard in Verdal, the day after the Norwegian Parliament…
Why do most startups fail?
In magazines and newspapers, in the success stories of cinema and numerous blogs, we hear the mantra of the successes entrepreneurs: with determination, genius, correct timing, and – above all – a great product you can also achieve fame and fortune. There is a powerful myth-creating industry in action to sell us this story. In…
QInvest and QIC partner to venture in Islamic asset management space
DOHA, QATAR: Qatar Insurance Company (QIC) and QInvest LLC, Qatar’s leading investment bank, are joining forces to create a Qatar-based national champion in the Islamic asset management space. The new company, jointly owned by QIC and QInvest, will be a Sharia‘a compliant entity, regulated by Qatar Financial Centre Regulatory Authority (QFCRA). Epicure Investment Management LLC…