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Month: September 2022

UK CMA completes review of the Business Combination between Noble Corporation and Maersk Drilling – all merger control conditions to the Exchange Offer have been satisfied

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN OR TO ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION. Sugar Land, Texas and Copenhagen, Denmark, 1 September 2022 – Noble Corporation (NYSE: NE) (“Noble”) and The Drilling Company of 1972 A/S (CSE: DRLCO) (“Maersk Drilling”) today provided a further update on the merger control process for their proposed business combination announced on 10 November 2021 (the “Business Combination”), as the UK Competition and Markets Authority (the “CMA”) has today published its decision not to refer the Business Combination for further in-depth Phase 2 review and has completed its review of the Business Combination. On 9 May 2022, the CMA published its decision that there are reasonable grounds for believing that...

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Polypropylene Market to Reach USD 108.57 Billion by 2028 | Global PP Industry Analysis, Trends, Size, Outlook, Price & Forecast Report

Companies covered in Polypropylene Market are Beaulieu International Group (Belgium) Borealis AG (Austria) Repsol (Spain) Braskem (Brazil Formosa Plastic Group (Taiwan) Ducor Petrochemicals (Netherlands) China Petroleum & Chemical Corporation (China) China National Petroleum Corporation (China) LyondellBasell Industries N.V. (Netherlands) and many more Pune, India, Sept. 01, 2022 (GLOBE NEWSWIRE) — The global polypropylene market size is projected to reach USD 108.57 billion by 2028, exhibiting a CAGR of 5.2% during the forecast period. As per the report by Fortune Business Insights™, titled “Polypropylene Market, 2021-2028”, the market size was USD 75.12 billion in 2020 and is estimated to hit USD 76.00 billion in 2021. COVID-19 Impact The polypropylene (PP) market growth slumped by 1.1% in 2020 due to the sharp decline in...

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Honey Market Size to Hit USD 12.69 Billion by 2029 | Exhibiting a CAGR of 5.83% by 2022-2029

Key companies covered in Honey Market are Bee Maid Honey Limited (Canada), Comvita Limited (New Zealand), Capilano Honey Ltd. (Australia), Dabur India Ltd. (India), Billy Bee Honey Products (Canada), New Zealand Honey Co. (New Zealand), Barkman Honey LLC (U.S.), Yamada Bee Company (Japan), Dutch Gold Honey Inc. (U.S.), Golden Acres Honey (Canada) and Others Pune, India, Sept. 01, 2022 (GLOBE NEWSWIRE) — The global honey market size was valued at USD 8.17 billion in 2021. The market is expected to grow from USD 8.53 billion in 2022 to USD 12.69 billion by 2029, exhibiting a CAGR of 5.83% during the forecast period. Rising demand for organic and healthy alternatives to sugar to propel market growth. Fortune Business Insights™ provides this information in its report titled “Honey Market, 2022-2029.” COVID-19 Impact: Rising Health...

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Calibre Scientific Acquires Achrom, a Distributor of Chromatography Consumables and Equipment in Benelux

LOS ANGELES, Sept. 01, 2022 (GLOBE NEWSWIRE) — Calibre Scientific is pleased to announce the acquisition of Achrom (the “Company”), a Belgium-based distributor of chromatography consumables, equipment, and accessories. Achrom is Calibre Scientific’s first acquisition in the Benelux region and further enhances Calibre Scientific’s growing Pan-European presence. Founded in 1991, Achrom serves customers in the pharmaceutical, chemistry, environmental, academic, private lab, and clinical & hospital lab space. Achrom offers a broad, innovative product portfolio that includes liquid chromatography columns, gas chromatography columns, vials, seals, caps, valves, tubing, and analytical gas generators, among other offerings. The Company provides differentiated technical support and customer service to suppliers and customers alike,...

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VAALCO Energy Announces Filing and Mailing of Definitive Proxy Statement in Connection With Strategic Business Combination With TransGlobe

HOUSTON, Sept. 01, 2022 (GLOBE NEWSWIRE) — VAALCO Energy, Inc. (NYSE: “EGY”; LSE: “EGY”) (“VAALCO” or the “Company“) is pleased to announce that it has filed and mailed its definitive proxy statement in connection with the previously announced combination with TransGlobe Energy Corporation (AIM & TSX: “TGL” & NASDAQ: “TGA”) (“TransGlobe”). The special meeting of VAALCO stockholders will be held at 11:00 AM, Eastern Time, on September 29, 2022 (or such other date, time and place to which the special meeting may be adjourned or postponed). The special meeting will be held entirely online at the following website: https://www.virtualshareholdermeeting.com/EGY2022SM.Stockholders will be asked to vote on proposals (i) to amend VAALCO’s certificate of incorporation to increase the number of authorized...

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TomTom to power Hyundai Motor Group with Maps and Traffic

TomTom to power Hyundai Motor Group with Maps and Traffic TomTom to power Hyundai Motor Group with Maps and TrafficHyundai Motor Group (HMG) and TomTom deepen their partnership, equipping all vehicles across Europe with TomTom technology as standard.Extended agreement now covers all Genesis, Hyundai, and Kia vehicles in Europe TomTom Maps and Real-Time Traffic to enhance HMG drivers’ in-dash navigation experience TomTom ADAS Map to improve safety and comfort of HMG’s Highway Driving Assist technology, helping with intelligent speed assistance (ISA) regulation complianceAMSTERDAM, Sept. 01, 2022 (GLOBE NEWSWIRE) — TomTom (TOM2), the trusted geolocation technology specialist, announced today that its maps and real-time traffic data have been chosen by Hyundai Motor Group (HMG) to support its entire vehicle lineup in Europe....

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Report on interim financial results of AUGA Group, AB for the six-month period ended 30 June 2022

The sales revenue of AUGA Group, AB and its subsidiaries (hereinafter – the Group) was EUR 33.99 million in the first half of 2022, an increase of 3% compared to EUR 33.13 million in the same period last year. In the first six months of 2022, the Group’s gross profit was EUR 12.43 million, representing an increase of 46% compared to the previous year (EUR 8.50 million). The Group had a net profit of EUR 3.65 million in the reporting period, as compared with EUR 0.75 million in the first half last year. The Group’s EBITDA in the reporting period amounted to EUR 15.05 million and was up 35% from a year earlier, when the figure was EUR 11.14 million. The overall sales results for the first half of this year are similar to last year’s, since the 2021 harvest was sold in the first half of 2022. The sales results for this year’s...

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FLSmidth completes the acquisition of TK Mining and releases preliminary financial figures for TK Mining

COMPANY ANNOUNCEMENT NO. 15-2022 1 September 2022, Copenhagen, DenmarkToday FLSmidth releases high-level, preliminary and unaudited financial figures for thyssenkrupp’s Mining business (TK Mining) and provides an update on TK Mining’s Russian activities. As previously announced (refer Company Announcement No. 13-2022), final closing of the acquisition took place on 31 August 2022.(EURm) 9M 2021/22 9M 2020/21 Change 9M 2021/22 vs. 9M 2020/21 FY 2020/21The fiscal year of TK Mining runs from 1 October to 30 SeptemberOrder intake 433 309 40% 493– Service order intake 250 213 18% 282– New Build order intake 183 97 89% 210Revenue 356 423 -16% 619– Service revenue 195 186 5% 262– New Build revenue 161 238 -32% 357EBIT margin Low single-digit  negative* -7.9% n/a -3.0%* Impact from...

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Proactive news headlines including Kinetiko Energy, Boadicea Resources, American Rare Earths and Surefire Resources

Sydney, Sept. 01, 2022 (GLOBE NEWSWIRE) — Proactive, provider of real-time news and video interviews on growth companies listed in Australia, has covered the following companies:Kinetiko Energy Ltd (ASX:KKO) is steadily advancing its portfolio containing one of the world’s largest onshore contingent gas resources of 4.9 Tcf (trillion cubic feet) in the Mpumalanga province of South Africa. Click here Boadicea Resources Ltd (ASX:BOA) has enhanced its portfolio of electric vehicle and battery metals assets in Australia’s premier mineral resource regions by entering an agreement to farm into a project in the Eastern Goldfields of WA. Click here American Rare Earths Ltd (ASX:ARR) has tripled its exploration target for the Halleck Creek Project in Wyoming, which the company says is shaping up to be one of the largest rare earth projects...

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TGS Closes Transaction to Acquire the Multi-Client and Processing Assets of ION

OSLO, Norway (1 September 2022) – TGS, a global provider of energy data and intelligence, today announced that on 31 August 2022, it closed its previously announced intent to acquire the multi-client and processing business of ION Geophysical Corporation (ION) (referred to as the E&P Technology and Services (EPTS) business). The acquisition includes substantially all of ION’s global offshore multi-client data library, data processing and imaging capabilities, intellectual property, and Gemini Extended Frequency Source technology and equipment. The transaction was concluded as part of ION’s bankruptcy process in the United States Bankruptcy Court for the Southern District of Texas.   ION’s data library consists of over 637,000 kilometers of 2D and over 317,000 square kilometers of 3D multi-client seismic data in major offshore petroleum...

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