News And Announcements
UK Oil & Gas becomes majority shareholder in Horse Hill Developments
UK Oil & Gas has entered into sale and purchase agreements with Gunsynd and Primorus Investments to acquire their combined 7% shareholding in Horse Hill Developments - the operator and 65% interest holder in the Horse Hill-1 Portland and Kimmeridge Limestone oil discovery and 55 square mile PEDL137 and PEDL246 licences - it announced on Monday.
TBC Bank posts sharp jump in profits, hails strong economy
Georgia-focused lender TBC Bank posted a sharp improvement in its profits after tax for the second quarter of 2018, thanks to a to big reduction in its cost base, even as it positioned itself for potential upside from a recovery in the economy of neighbouring Azerbaijan.
Wood Group secures new six-year deal with Shell in the Philippines
John Wood Group announced on Monday that it has secured a new six-year contract with Shell to provide asset management services to the Malampaya deepwater gas-to-power project in the Philippines.
Premier Oil's Tolmount Main development sanctioned by partners
Premier Oil announced that the development of its Tolmount Main gas field has been sanctioned by the joint venture and infrastructure partners on Monday.
LondonMetric buys two urban logistics warehouses
LondonMetric has bought two urban logistics warehouses for £23. 5m, reflecting a blended net initial yield of 4. 9%, rising to 5. 6% after five years, with an average lease length of 13 years.
Polymetal ships first gold concentrate from Kyzyl
Polymetal International announced on Monday that it has shipped first concentrate from Kyzyl, to China.