LONDON: Severfield plc, the market leading structural steel group, has entered into an agreement to acquire 100% of the share capital of Harry Peers & Co Limited, a leading full-service structural steelwork business, for a net initial consideration of £18.0 million payable in cash on completion. A performance-based deferred consideration is in place, which could…
Category: Canadian Exchange
Oil & Gas, Electricity, Renewables, Canadian Exchange, News Releases
Yamal LNG increased shipments to the Asian Pacific markets
MOSCOW: PAO NOVATEK announced today that 15 LNG cargos from the Company’s Yamal LNG project were shipped eastbound to the Asian Pacific markets directly via the Northern Sea Route (NSR) during third quarter 2019. The eastbound shipments represented about 25% of all LNG dispatched from Yamal LNG during the quarter. Planned 2019 volumes of LNG…
Cadogan Petroleum sells Gazvydobuvannya for $2.8mn
LONDON: Cadogan Petroleum plc, an independent, diversified oil & gas company listed on the main market of the London Stock Exchange, has reached an agreement with Ukrinvest Group for the sale of Gazvydobuvannya LLC for a total consideration of $2.8 million. Gazvydobuvannya LLC is one of two wholly owned subsidiaries, based in the East of…
KE signs $50mn loan agreement with Standard Chartered supported by GuarantCo
KARACHI: K-Electric has signed US$ 50 million loan agreements with Standard Chartered which is supported by GuarantCo to undertake upgradation of power infrastructure including the installation of theft-resistant Aerial Bundled Cable (ABC) as well as smart grid solutions. The financing documents were signed at KE head office by Moonis Alvi, CEO and Rizwan Pesnani, Head…
Novatek and HMS Group sign memorandum on localizing fabrication of LNG equipment
MOSCOW: PAO NOVATEK and HMS Group signed a Memorandum on Strategic Partnership and Localizing the Fabrication of Critical Equipment for LNG Production. The Memorandum notes the results already achieved on developing medium-tonnage compressor equipment. According to the Memorandum, the Parties intend to pursue long-term cooperation to localize the fabrication of compressors, pumps, and other equipment…
DGOC completes $7.7mn acquisition of natural gas gathering system
LONDON: Diversified Gas & Oil (DGOC), the U.S. based owner and operator of natural gas, natural gas liquids, and oil wells as well as midstream assets, confirms that further to the announcement made by the Company on 27 August 2019, it has completed the purchase of two separate natural gas gathering systems in Pennsylvania and…
Saracen to acquire Sinclair Project for A$10 million
PERTH: Saracen Mineral Holdings has entered into a binding agreement which will see it acquire the Sinclair project from Talisman Mining for A$10 million. Sinclair is located 25 km south-west of Saracen’s Thunderbox project in the world-class Agnew-Wiluna greenstone belt. Sinclair includes a 207sqkm tenement package covering more than 80km of prospective ultramafic host rocks….
Contractor appointed for maiden drill program at Wild Horse Hill gold project
SYDNEY: Caprice Resources Limited has appointed drilling contractor to conduct the Company’s maiden drilling campaign across the Cook Prospect on the Company’s Wild Horse Hill Project in the Northern Territory. This initial drilling program will test the Cook Prospect with 10 RC drill holes, each drilled to a maximum depth of 150m, with scope for…
Ilika opens large format battery facility in Hampshire
LONDON: Ilika Plc, a pioneer in solid-state battery technology, has opened its new large format battery facility (Goliath Pre-Pilot Line, or ‘GPPL’), for the development and initial production of solid-state batteries in Hampshire, UK. The objective of Ilika’s Goliath programme is to develop large format solid-state batteries for electric vehicles. Ilika has established this new…
Geo Energy to acquire two coal producing mines for $25mn in Indonesia
SINGAPORE: Geo Energy Resources Limited has entered into a conditional share purchase agreement (CSPA) with PT Titan Infra Energy (TIE) and PT Jaya Utama Indonesia (JUI) to acquire a 100% stake in PT Titan Global Energy (TGE) and an effective interest of 51% in each of BT Bara Anugrah Sejahtera (BAS) and PT Banjarsari Pribumi…
Wesfarmers completes acquisition of Kidman Resources
PERTH: Wesfarmers Limited has announced the implementation of the Scheme of Arrangement under which Wesfarmers Lithium Pty Ltd, a wholly owned subsidiary of Wesfarmers Limited, has acquired all of the issued ordinary shares in Kidman Resources. With the completion of the transaction, Wesfarmers holds a 50 percent interest in the Mt Holland lithium project based…
Sunpower’s 37th design project in Indonesia achieves successful grid connection
SINGAPORE: Sunpower Group announced that Indonesia Jinchuan WP & RKA Lateritic-Nickel-Ore Project power plant, designed by Sunpower’s subsidiary Yangguang Engineering Design Institute Co., Ltd has successfully achieved grid connection in all three units. Sunpower is an environmental protection solutions specialist with a strong focus on expanding into anti-pollution investment projects that generate long-term intrinsic value…