JV

AG&P LNG Awarded 20-year Contract by PLN EPI, Indonesia for Co-development, Ownership and Operations of LNG Import Terminals in Sulawesi-Maluku Power Cluster

Retrieved on: 
Tuesday, March 26, 2024
Energi, Carbon, SBS, Natural gas, MTPA, JV, AG, Partnership, Acquisition, LNG carrier, PLN, Consortium, Plant, Investment, FSRU, PT PLN

SINGAPORE, March 26, 2024 /PRNewswire/ -- Leading LNG terminals and downstream infrastructure company, AG&P LNG, majority-owned by Nebula Energy, announced today that its subsidiary PT AGP Indonesia Utama (AG&P Indonesia), along with consortium members Suasa Benua Sukses (SBS) and KPMOG, collectively referred to as the Consortium, has won a large-scale 20-year contract for LNG infrastructure from PLN EPI in Indonesia. The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia. The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.

Key Points: 
  • PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia will be the customer and co-shareholder in the facility.
  • The tender was awarded to AG&P LNG for the co-development, ownership and operations of LNG import terminal infrastructure and downstream logistics in seven locations within the Sulawesi-Maluku cluster in Indonesia.
  • The customer and co-shareholder in this facility will be PT PLN Energi Primer (PLN EPI), a wholly owned subsidiary of PT PLN (Persero) Indonesia.
  • Among its LNG terminal project portfolio, AG&P LNG is the operator of the first LNG import and regasification terminal in the Philippines, the Philippines LNG (PHLNG) Import Terminal located in Batangas Bay.

Global Times: Xi's inspection tour in Hunan spotlights new quality productive forces, opening-up

Retrieved on: 
Wednesday, March 20, 2024
Peking University, Central committee, Belt, State Council, Communist party, BASF, Growth, Real-time, JV, Lifting, Greater, Education, Policy, Belt and Road Initiative, Party, Hunan First Normal University, Global Times

During the inspection, Xi visited a campus of Hunan First Normal University and a battery materials joint venture.

Key Points: 
  • During the inspection, Xi visited a campus of Hunan First Normal University and a battery materials joint venture.
  • The focus on new quality productive forces during the Chinese President's inspection tour in Hunan further underscored great importance attached to relevant efforts, Chinese economists said.
  • "The inspection tour has a lot to do with efforts to form new quality productive forces after the two sessions," Cao told the Global Times on Tuesday.
  • The Chinese leader's inspection tour in Hunan also highlighted the great potential for Hunan and the broader central and western region in both forming new quality productive forces and high-standard opening-up, economists said.

Drafting International R&D Collaboration and Joint Venture Agreements - 2-day Online Certified Training Course

Retrieved on: 
Tuesday, March 19, 2024
Partnership, Risk, IP, JV, Confidentiality

DUBLIN, March 18, 2024 /PRNewswire/ -- The "2-day Drafting International R&D Collaboration and Joint Venture Agreements Training Course" has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, March 18, 2024 /PRNewswire/ -- The "2-day Drafting International R&D Collaboration and Joint Venture Agreements Training Course" has been added to ResearchAndMarkets.com's offering.
  • This practical and interactive two-day course explains what you need to know and do to get the best commercial results from your R&D and joint venture agreements, whether they are operating in the UK or across borders.
  • The allocation of risk and ancillary aspects such as confidentiality, material transfer agreements and heads of terms also have to be wrestled with.
  • It's applicable to all those who are new to these agreements, or are looking for a refresher, including:

GE Vernova and Montana Technologies Close Joint Venture to Manufacture Transformational Air Conditioning and Atmospheric Water Harvesting Products

Retrieved on: 
Monday, March 11, 2024
Pat Eilers, JV, General Electric Company, Component, Air conditioning, Life, Carbon, HVAC, Education minister, Investment, Water, Atmosphere, CATL, Venture, General Electric, Atmosphere of Earth, Incubation, Renewable energy

CAMBRIDGE, Mass. and RONAN, Mont., March 11, 2024 /PRNewswire/ -- GE Vernova, a global leader in electrification, decarbonization, and energy solutions, today announced the close of a 50/50 joint venture (JV) with Montana Technologies LLC that will incorporate GE Vernova's proprietary sorbent materials into systems that utilize Montana's patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology. The new JV, named AirJoule, LLC, is one of the first business transactions from GE Vernova's new Ventures and Incubation group, which is bringing leading energy transition innovations to customers by collaborating with startups.

Key Points: 
  • and RONAN, Mont., March 11, 2024 /PRNewswire/ -- GE Vernova, a global leader in electrification, decarbonization, and energy solutions, today announced the close of a 50/50 joint venture (JV) with Montana Technologies LLC that will incorporate GE Vernova's proprietary sorbent materials into systems that utilize Montana's patented AirJoule® dehumidification, air conditioning, and atmospheric water harvesting technology.
  • GE Vernova, a recognized leader in the development of advanced materials technology for industrial systems, developed the atmospheric water harvesting technologies under the direction of Dr. David Moore.
  • Incorporating GE Vernova's sorbent innovations into AirJoule® technology will enhance the performance of the JV's energy-saving HVAC components as well as its atmospheric water harvesting products.
  • "We are elated to have this fantastic joint venture collaboration with GE Vernova," said Matt Jore, CEO of Montana Technologies.

Westport Announces Signing of Investment Agreement to Establish Previously Announced Joint Venture with Volvo Group

Retrieved on: 
Monday, March 11, 2024
Volvo, Intellectual property, Organization, TSX, JV

The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.

Key Points: 
  • The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.
  • It is anticipated that the JV will become operational following the formal closing which is currently expected to occur in the second quarter of 2024.
  • "We are excited to execute this agreement and build on our success with the Volvo Group and our HPDI™ technology.
  • As previously announced, Westport will contribute certain HPDI™ assets and opportunities, including related fixed assets, intellectual property, and business, into the JV.

Westport Announces Signing of Investment Agreement to Establish Previously Announced Joint Venture with Volvo Group

Retrieved on: 
Monday, March 11, 2024
Volvo, Intellectual property, Organization, TSX, JV

The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.

Key Points: 
  • The closing of the JV is subject to certain closing conditions, including regulatory and government approvals.
  • It is anticipated that the JV will become operational following the formal closing which is currently expected to occur in the second quarter of 2024.
  • "We are excited to execute this agreement and build on our success with the Volvo Group and our HPDI™ technology.
  • As previously announced, Westport will contribute certain HPDI™ assets and opportunities, including related fixed assets, intellectual property, and business, into the JV.

EQS-News: Operational update: Record production in 2023 and promising start in 2024

Retrieved on: 
Wednesday, March 13, 2024
NYMEX, USD, Annual report, Management, Transport, EUR, JV, WTI, IP, Oxy, Huckleberry, Oil

15,500 BOEPD

Key Points: 
  • 15,500 BOEPD
    The oil and gas production of Deutsche Rohstoff reached a new record of approx.
  • In 2023, the average oil price was USD 77.58/BBL, slightly above the price assumption of USD 75/BBL in the base scenario.
  • The completion and start of production of the 3 wells is still planned for summer 2024.
  • For the years 2024 and 2025, a total of around 2 million barrels have been hedged at around USD 75/BBL.

HUT 8 CORP. (NASDAQ: HUT) DEADLINE ALERT: Bernstein Liebhard LLP Reminds Investors of the Deadline to File a Lead Plaintiff Motion in a Securities Class Action Lawsuit Against Hut 8 Corp.

Retrieved on: 
Monday, March 11, 2024
Court, Research, Mining, Action Replay, News, Advertising, Complaint, District court, Hut 8, Mergers and acquisitions, JV, Security (finance)

If you purchased or acquired Hut 8 securities, and/or would like to discuss your legal rights and options please visit Hut 8 Corp.

Key Points: 
  • If you purchased or acquired Hut 8 securities, and/or would like to discuss your legal rights and options please visit Hut 8 Corp.
  • If you wish to serve as lead plaintiff, you must move the Court no later than April 8, 2024.
  • A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.
  • The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414.

Extendicare Announces 2023 Fourth Quarter and Year End Results

Retrieved on: 
Friday, March 8, 2024
Acquisition, ADV, TSX, Growth, Bed, Sale, LTC, Letter, NOI, Long-term care, COVID-19, JV, COVID, Extendicare, SGP, Depreciation, Partnership

MARKHAM, Ontario, March 07, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2023.

Key Points: 
  • MARKHAM, Ontario, March 07, 2024 (GLOBE NEWSWIRE) -- Extendicare Inc. (“Extendicare” or the “Company”) (TSX: EXE) today reported results for the three and twelve months ended December 31, 2023.
  • Beds under management through Extendicare Assist grew 64.2% to 9,783 from Q4 2022 driven by the Revera and Axium transactions.
  • “Our strong fourth quarter is the result of the strategic initiatives we have undertaken to reposition Extendicare for growth and value creation,” said Dr. Michael Guerriere, President and Chief Executive Officer.
  • In November 2023, Axium Extendicare LTC II LP (“Axium JV II”) acquired a new 320-bed LTC redevelopment project in Ottawa from Revera.

Cipher Mining Provides Fourth Quarter and Full Year 2023 Business Update

Retrieved on: 
Tuesday, March 5, 2024
Black Pearl, FASB, GAAP, JV, PIN, Telephone

NEW YORK, March 05, 2024 (GLOBE NEWSWIRE) -- Cipher Mining Inc. (NASDAQ: CIFR) ("Cipher" or the "Company") today announced results for its fourth quarter and full year ended December 31, 2023, with an update on its operations and deployment strategy.

Key Points: 
  • "We are delighted to announce our fourth quarter 2023 results, which reflect our first full quarter in which all four of our data centers were operating at full capacity.
  • We delivered a quarter with strong positive net income on both a GAAP and Non-GAAP basis.
  • And while recent FASB accounting changes have been a tailwind for all the miners’ earnings, Cipher was net positive for the quarter even without those accounting changes,” said Tyler Page, CEO of Cipher.
  • To access this conference call by telephone, register here to receive dial-in numbers and a unique PIN to join the call.