Date Time
ASIC cancels financial services and credit licences of Mortgage & General Financial Services Pty Ltd
ASIC has cancelled the Australian financial services licence (AFSL) and Australian credit licence (ACL) of Victoria-based Mortgage & General Financial Services Pty Ltd (Mortgage & General).
ASIC cancelled the AFSL and ACL because Mortgage & General failed to demonstrate that it had the competence and resources to provide financial services and credit activities as required under its licences.
Under the terms of both the AFSL and ACL, Mortgage & General was required to have a ‘key person’. However, following the death of its key person, Mortgage & General failed to appoint a new key person.
TechnipFMC has announced the timing and details regarding its previously announced separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player.
Australia: Armour Energy completes sale of additional South Nicholson Basin permit interests to Santos
05 Feb 2021
HIGHLIGHTS:
Completion of the sale and purchase agreement between Armour and Santos QNT Pty Ltd (Santos) to sell Armour’s remaining interest in several South Nicholson Basin Permits to Santos.
Armour has received approximately $12.16 million in cash payments plus re-acquired 100% ownership of ATP(A) 1107.
Armour retains a material exposure to the South Nicholson Basin play of approximately 7,906 km2.
South Nicholson Basin Permits to
Santos.
As previously disclosed, Santos has acquired 100% ownership of: ATP 1087 (of which Santos previously held a 70% interest and was operator); the application permit areas in Queensland
OKEA operating income for the fourth quarter amounted to NOK 584 million, EBITDA was NOK 229 million, and net profit after tax amounted to NOK 182 million. Earnings per share amounted to NOK 1.78. The solid results for the quarter were largely driven by high volumes sold in a recovering petroleum market, an impairment reversal on Yme, and unrealised currency gains.
Norway: Equinor announces oil and gas discovery near the Troll field in PL 923
05 Feb 2021
Wellesley Petroleum have struck gas and oil in production licence
PL 923. Recoverable resources are estimated at between 7 and 11 million standard cubic metres of oil equivalent, corresponding to 44 – 69 million barrels of oil equivalent. It is inspiring to see how creativity, perseverance and new digital tools result in discoveries that form the basis for important value creation, future activity and production in accordance with Equinor’s climate ambitions, says Nick Ashton, Equinor’s senior vice president for exploration in Norway.
Equinor announces oil and gas discovery near the Troll field in PL 923