Australia: Key Petroleum sells 50 percent interest in L7 and 86.94 percent interest in EP 437, onshore Perth Basin, to Triangle Energy
28 Jan 2021 Triangle Energy to sell to Triangle Key Petroleum s 50% participating interest in Production Licence L7(R1)
and Key Petroleum and Key Midwest’s combined 86.94% interest in
Exploration Permit EP 437. A wholly owned subsidiary of Triangle will hold the relevant interests acquired under the Agreement.
Summary of the key terms of the Agreement and Royalty Deed
Completion of the Agreement is conditional on usual regulatory approvals, execution of a deed of covenant in respect of the EP 437 JOA, Triangle receiving binding commitments for a capital raising of at least $1,000,000 and, if required, Key obtaining the approval of its shareholders under Chapter 11 of the ASX Listing Rules for the Key subsidiaries to sell its interests in these assets. Under the terms of the Agreement:
Orsted reorganises to position for future growth
28 Jan 2021
Over the past decade,
Ørsted has successfully undertaken one of the most profound transformations in the global energy industry, transforming from a fossil-based Danish utility business into a global leader in green energy.
Over the next decade, global renewable energy markets are expected to grow at double-digit annual growth rates, and installed renewable capacity is expected to triple towards 2030.
With a strong growth platform as the global market leader in offshore wind, a rapidly expanding regional position in onshore renewables in the US, and with a portfolio of attractive opportunities in the rapidly growing market for renewable hydrogen and Power-to-X (PtX), Ørsted is strongly positioned to tap into this growth.
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Michael Ferguson,Minister for Infrastructure and Transport The Tasmanian Liberal Government's innovative P1 private driver assessor pilot program will be.