Australia: Armour Energy announces proposed demerger of Northern Basin Oil & Gas Business
03 Mar 2021
HIGHLIGHTS:
Unlocking unrecognized value for shareholders through proposed demerger and separate ASX listing of Armour’s Northern Basin Oil & Gas Business.
McArthur Oil & Gas Ltd – a new company – is proposed to be created to hold the Northern Basin Oil & Gas Business and demerg ed from Armour through an in-specie share distribution to existing shareholders.
IPO and capital raise of $60-$65 million for McArthur Oil & Gas proposed to fund acquisition of Northern Basin Oil & Gas assets from Armour and to fund forward exploration.
Proposed total consideration of $40 million cash plus a minimum of 33.3% retained interest by Armour shareholders in McArthur Oil & Gas. The consideration received by Armour will be used to retire its outstanding debt.
Maharashtra Governor Bhagat Singh Koshyari felicitates LIC of India at Raj Bhavan
Governor of Maharashtra Bhagat Singh Koshyari felicitated LIC of India at Raj Bhavan, Mumbai recently for the commendable work done by LIC during the COVID –19 pandemic.
| 3 March 2021 5:31 AM GMT
GUWAHATI: Governor of Maharashtra Bhagat Singh Koshyari felicitated LIC of India at Raj Bhavan, Mumbai recently for the commendable work done by LIC during the COVID –19 pandemic. Vipin Anand, Managing Director, LIC received the honour at a function organized by Pasbaan-e-Adab, a socio-cultural organization.
During the pandemic LIC rendered exceptional services to its policyholders and the society as a whole. Death claims arising due to COVID-19 were treated at par with other causes of death and settled on priority. LIC has also ensured that other policy payments like Survival Benefit, Policy Maturity, Annuities and Loans etc were made to policyholders promptly by crediting the amount into the ba
Floating Offshore Wind sector promises global opportunities for subsea industry
03 Mar 2021
Floating Offshore Wind (FOW) sector through a three-part webinar series organised by
Offshore Renewable Energy (ORE) Catapult’s Floating Offshore Wind Centre of Excellence (FOW CoE), beginning this month (9th March).
Subsea UK is encouraging underwater engineering companies to capitalise on the massive global potential in FOW following recent developments. UK Government has set a target of one gigawatt (GW) of floating wind capacity by 2030, the EU is aiming to have 100-150 GW by 2050 and new research from Wood Mackenzie states the
FOW market in Asia Pacific could offer investment opportunities worth up to $58 billion.
UK: Jersey Oil and Gas announces Greater Buchan Area Development Project Concept Select update
03 Mar 2021
Concept Select Report ( CSR ) in respect of its
Greater Buchan Area ( GBA ) Development Project which contains an aggregate
172 million barrels of oil equivalent ( MMboe ) 2C contingent resource estimates of light sweet crude and associated gas. The planned development is centred on resuming production at the
Buchan oil field and producing the
J2 and Verbier oil discoveries as well as other existing and yet to find discoveries within the GBA as future upside.
Highlights
A three-phase development centered around a single integrated wellhead, production, utilities and quarters platform located at the Buchan field - the GBA hub