Neo in Exclusive Talks for ExxonMobil UK Assets
Neo Energy, backed by Norwegian private equity group Hitecvision, is in exclusive negotiations to buy ExxonMobil s upstream operations in the central and northern UK North Sea, the company said on January 21.
Neo said that if successful, the talks will result in a sales agreement being signed in the first quarter, with the deal s closure expected later in the year.
ExxonMobil has been searching for a buyer for its UK business for over a year. The US major has shares in almost 40 oil and gas fields through its Esso Exploration & Production UK subsidiary. It sold its Norwegian assets in 2019 to Eni-owned Var Energi for $4.5bn and is seeking to exit the European upstream sector altogether within the next few years.
GORHAM — Bronson Paradis began working at Gorham Town Hall on Monday, Jan. 11, as the new hired fiscal assistant in the town s two-person finance department.
Everest Group names Persistent a Major Contender in its Salesforce Healthcare Services PEAK Matrix Assessment 2021
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strong suite of healthcare IP tools/frameworks/accelerators, deep healthcare expertise on Salesforce, global reach and talent
SANTA CLARA, Calif. and PUNE, India, Jan. 21, 2021 /PRNewswire/ Everest Group has named Persistent Systems (BSE: PERSISTENT) and (NSE: PERSISTENT) to its Major Contenders category in its Salesforce Healthcare Services PEAK Matrix Assessment 2021.
The PEAK Matrix provides an objective, data-driven assessment of service and technology providers based on their overall capability and market impact across different global services markets, classifying them into three categories: Leaders, Major Contenders, and Aspirants.
L&T Technology Services (LTTS) reported 12.4% rise in consolidated net profit to Rs 186.10 crore on a 6.6% rise in revenue to Rs 1400.70 crore in Q3 FY21 over Q2 FY21.
However, as compared to Q3 FY20, the company s net profit and revenue have declined by 8.8% and 1.6%, respectively.
In dollar terms, revenue stood at $190.1 million for the quarter; up 6.8% quarter-on-quarter (QoQ) and down 4.6% year-on-year (YoY). In constant currency, revenue was up 6.6% QoQ and down 5.2% YoY.
EBIT jumped 18.4% in the third quarter 213.2 crore from Rs 180.1 crore in the second quarter. EBIT margin was at 15.2% as on 31 December 2020 as against 13.7% as on 30 September 2020.
During the quarter, LTTS won 7 deals with TCV of $10 million plus, which includes a $100 million plus deal and two $15 million plus deals. Revenues from digital and leading-edge technologies stood at 49% during the quarter.
Neo in Line for ExxonMobil UK Assets: Update
Jan 21, 2021 10:40:am
Summary
by: Joe Murphy
Neo Energy, backed by Norwegian private equity group Hitecvision, announced on January 21 it had entered exclusive negotiations to buy ExxonMobil s upstream ope.
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