Strategic diamond licences extended in the Botswanan Lalahari
LONDON: Botswana Diamonds reported that Prospecting Licences PL232 and PL235, held by the Company’s wholly-owned subsidiary Sunland Minerals (Pty) Limited, have been renewed for an...
Tlou Energy announces Lesedi pods achieve sustained gas flows
LONDON: Tlou Energy Limited, company focused on delivering power in Botswana and southern Africa through the development of coal bed methane (CBM), announced that sustained...
NQ Minerals makes further investment in Tasmania Energy Metals
LONDON: NQ Minerals Plc has made a further strategic investment in private Tasmanian mining company, Tasmania Energy Metals to enhance the company’s operations and prospects,...
Total sells stake in pipeline network for $290mn
PARIS–(BUSINESS WIRE)–Total has signed an agreement to sell a 30% interest in Société des Transports Pétroliers par Pipelines (Trapil) to Pisto SAS for $290 million....
Inspired Energy completes acquisition of 40pc stake in Ignite Energy
LONDON: Inspired Energy, a leading energy consultant to UK and Irish corporates, has completed the acquisition of an initial 40 percent of the issued share...
Shell commences $25 billion share buyback programme
LONDON: Royal Dutch Shell has announced the commencement of trading in the next tranche of its share buyback programme previously announced on July 26, 2018....
Shell completes sale of $965 million interest in the Caesar-Tonga asset
HOUSTON – CNW: Shell Offshore Inc. (Shell), a subsidiary of Royal Dutch Shell plc, has completed the sale of 22.45% non-operated interest in the Caesar-Tonga...
K-Electric holds its 107th Annual General Meeting – FY 2017
KARACHI: K-Electric (KE) held its 107th Annual General Meeting (AGM) – FY 2017, at a local hotel in Karachi. The meeting was chaired by Ikram...
Utilita Energy to pay £175,000 after failing to meet carbon emission reduction obligations
LONDON: Utilita Energy failed to meet its carbon reduction obligations under the Energy Company Obligation (ECO) scheme between 2015 and 2018 and will pay £175,000...
Mitsubishi UFJ Lease & Finance to invest in electricity distribution business in UK
TOKYO: Mitsubishi UFJ Lease & Finance Company Limited (MUL) has announced its decision to participate in electricity distribution business in the UK by acquiring a...
Pakistan’s electricity generation surges 2.0pc in June 2019
KARACHI: As per latest data released by National Electric Power Regulatory Authority (NEPRA), total electricity generation during June 2019 registered 2.0 percent YoY increase to...
Attock Petroleum Limited records 30% decline in profits
KARACHI: Attock Petroleum Limited (APL) unveiled its FY19 financial results with profit after tax at PKR3.96 billion (EPS PKR39.79) versus PKR5.66 billion (EPS PKR56.83) recorded...