VANCOUVER, BC, Oct. 28, 2020 /CNW/ – Africa Energy Corp. (TSX Venture: AFE, Nasdaq First North Growth Market: AEC) (“Africa Energy” or the “Company”), an oil and gas company with exploration assets offshore South Africa and Namibia, is pleased to announce a significant gas condensate discovery on the Luiperd prospect located on Block 11B/12B offshore South Africa. This discovery follows the adjacent play-opening Brulpadda discovery in 2019, which proved a significant new petroleum province in the region. View PDF version. Garrett Soden, Africa Energy’s President and CEO, commented, “We are thrilled to announce the second consecutive discovery on Block 11B/12B offshore South Africa. We congratulate Total as operator for drilling the Luiperd-1X deepwater well safely and efficiently during the coronavirus pandemic and austral winter season. The Luiperd discovery reconfirms this world-class exploration play with substantial follow-on potential. The net pay encountered in the Luiperd target objective is significantly larger than the main reservoir at last year’s Brulpadda discovery. The Block 11B/12B partners are conducting a drill stem test to measure flow rates over the next few weeks. Due to the success at Luiperd, the joint venture has decided to proceed with development studies and engage with authorities on the commercialization
OSLO, Norway, Oct. 28, 2020 /PRNewswire/ — Aker Solutions’ revenues, excluding special items, were NOK 4.7 billion and the order intake was NOK 7.1 billion in the third quarter of 2020. 3Q 2020 Financial Highlights Revenue NOK 5.5 billion Revenue ex. special items NOK 4.7 billion EBITDA NOK 938 million EBITDA ex. special items NOK 243 million EBITDA margin ex. special items 5.2% Order intake NOK 7.1 billion Order backlog NOK 29.2 billion “This was a transformational quarter for Aker Solutions, as we announced our plans to merge with Kvaerner to create a stronger, more robust supplier company,” said Kjetel Digre, who was appointed chief executive officer of Aker Solutions on July 17. The company also completed the spin-offs of its offshore wind and carbon capture businesses during the third quarter, which created significant value for shareholders and a one-off gain of NOK 804 million for Aker Solutions in the quarter. Orders totalled NOK 7.1 billion in the quarter, bringing the backlog to NOK 29.2 billion. This was up from NOK 26.9 billion at the end of the previous quarter, reflecting an increase in orders on the Norwegian Continental Shelf. Temporary measures to boost industrial activity in Norway were introduced
FAIRFAX, Va., Oct. 28, 2020 /PRNewswire/ — The Stevie® Awards have issued the call for entries for the 2021 (8th annual) Asia-Pacific Stevie Awards, the only business awards program to recognize innovation in business throughout the entire Asia-Pacific region. The early-bird entry deadline, with discounted entry fees, is November 18, 2020. The final entry deadline is February 3, 2021, but late entries will be accepted through March 3 with the payment of a late fee. Complete entry details are available at https://Asia.StevieAwards.com. The Asia-Pacific Stevie Awards are open to all organizations in the 29 nations of the Asia-Pacific region: large and small, for-profit and non-profit, public and private. The awards focus on recognizing innovation in all its forms, wherever it is achieved in the workplace. Entries will be accepted in eight languages – Chinese, English, Indonesian, Japanese, Korean, Malay, Thai and Vietnamese – in the following awards category groups: Annual Report Awards & Other Publication Awards Company/Organization Awards Corporate Communications, IR, and PR Awards Customer Service Awards Human Resources Awards Information Technology Awards Management Awards Marketing Awards New Product Awards Video Awards Website Awards and Smartphone and Tablet App Awardsand more New category groups for 2021 include Achievement Categories to recognize singular, innovative
(RTTNews) – Kentucky-based tobacco company Turning Point Brands Inc. said it has invested $15 million in Los Angeles-based cannabis brand dosist. Turning Point Brands or TPB has also signed an exclusive co-development and distribution agreement of a new national cannabidiol or CBD brand to be created in partnership with dosist's THC-free…
Korea’s digital contents leap to the world SEOUL, South Korea, Oct. 28, 2020 /PRNewswire/ — Ministry of Science and ICT (Minister Cho Gi-young, MSICT) and Korea Mobile Internet Business Association (President Koh Jean, MOIBA) held the opening ceremony of ‘Digital Content Online Korea Expo 2020’ on 10/21, 2PM, at Seoul COEX Grand Ballroom. The ceremony was held virtually through a live broadcast due to COVID-19. MSICT’s Software policy officer Song Kyoung-hee opened the ceremony, accompanied by the welcoming words from Mr. Lee Won-wook, the committee chair of MSICT, and other international and Korean leaders to commemorate the opening of the Expo. After the ceremony, Mr. Koh of MOIBA signed MOU with Mr. KIm Hoon-bae, president of Korea VR/AR Industry Association, Mr. Lee Gil-ho, the president of Korea Edutech Industry Association, and Mr. Kim Hyun-chul, president of Korea Artificial Intelligence Association to support various Korean digital content corporations entering the global emerging markets. The four institutions agreed to Support the Korean Digital Content companies to enter the emerging markets Support the companies to venture and promote in the international market form a networking group collaborate to manage policies for digital content industry. It also simultaneously held live seminar, live IR pitching,
(RTTNews) – Indian shares were slightly higher on Wednesday as upbeat earnings results from Tata Motors and Bharti Airtel helped investors shrug off weak global cues. The benchmark S&P BSE Sensex edged up 60 points, or 0.15 percent, to 40,581 in early trade, while the broader NSE Nifty index was up 22 points, or 0.2 percent, at 11,911.
KIRKLAND, Wash., Oct. 28, 2020 /PRNewswire/ — INRIX, Inc., a leading provider of connected car services and transportation analytics, today announced INRIX IQ, a new software-as-a-service (SaaS) application suite, to help make sense of…
(RTTNews) – Juniper Networks (JNPR) reported that its third-quarter GAAP net income was $145.4 million, an increase of 46% year-over-year. On a per share, net income was $0.43 compared to $0.29 last year. Non-GAAP net income was $144.4 million, a decrease of 13% year-over-year. Net revenues for the quarter were $1.14 billion, up slightly year-over-year. Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share and revenues of $1.12 billion for the third quarter. Analysts’ estimates typically exclude special items. The company has declared a cash dividend of $0.20 per share to be paid on December 22, 2020 to shareholders of record as of the close of business on December 1, 2020. For the fourth-quarter, the company expects Non-GAAP net income per share will be about $0.53, plus or minus $0.05; and revenue to be about $1.190 billion, plus or minus $50 million. Analysts expect the company to report earnings of $0.53 per share and revenues of $1.19 billion for the fourth-quarter.
SHANGHAI, Oct. 28, 2020 /PRNewswire/ — Shanghai Electric (the “Company”) (SEHK: 02727, SSE: 601727), the world's leading manufacturer and supplier of electric power generation equipment, industrial equipment and integration services, has reached another…
(RTTNews) – The Indonesia stock market on Tuesday ended the two-day winning streak in which it had gathered more than 50 points or 1 percent. The Jakarta Composite Index now sits just beneath the 5,130-point plateau and it’s looking at another soft start again on Wednesday. The global forecast is mostly negative on continued concerns about the resurgence of the coronavirus and the growing unlikelihood of any stimulus to counter it. The European markets were down and the U.S. bourses were mixed and the Asian markets figure to follow the former lead. The JCI finished modestly lower on Tuesday as the financial shares, cement stocks and resource companies were mostly in the red. For the day, the index lost 15.82 points or 0.31 percent to finish at 5,128.23 after trading between 5,110.62 and 5,155.57. Among the actives, Bank Danamon Indonesia tumbled 1.60 percent, while Bank Negara Indonesia plunged 2.27 percent, Bank Rakyat Indonesia collected 0.60 percent, Bank Central Asia slid 0.43 percent, Indosat shed 0.50 percent, Indocement dropped 0.81 percent, Semen Indonesia fell 0.26 percent, Indofood Suskes skidded 1.06 percent, Astra International gained 0.46 percent, Astra Agro Lestari soared 3.08 percent, Aneka Tambang lost 0.47 percent, Vale Indonesia tanked 1.94