Selskapsmeldinger

FREYR signs an Memorandum of Understanding with Scatec for the supply of battery cells for cost-optimized energy storage systems

Company news

2020-11-26 08:18:01

FREYR and Scatec ASA have signed a Memorandum of Understanding (MoU) for future supply of low-cost battery cells with high energy density for the use in cost-optimized energy storage systems combined with solar deployment. The battery cells will be produced at FREYR’s lithium-ion battery cell (LIB) facilities under development in Mo i Rana, Norway.

Under the MoU, Scatec will support FREYR in their development of energy storage systems (ESS) with higher energy density, improved safety and lower cost compared to storage systems based on conventional lithium-ion battery cells.

Subject to FREYR reaching specific technical and commercial requirements, Scatec intends to place orders for battery cells to be included in its project offerings including the pre-assembled containerized Release product range.

“FREYR and Scatec will jointly work to reduce the cost of ESS, to support mass deployment in both grid and off-grid systems. This includes seeking alternative paths to lower overall storage costs, where FREYR’s environmentally friendly lower-cost cells will be combined with other optimizations to drive additional cost savings at a system level”, says Tom Einar Jensen, the CEO of FREYR.

Scatec is an integrated independent renewable power producer, delivering affordable, rapidly deployable and sustainable clean energy worldwide. A long- term player, Scatec develops, builds, owns, operates and maintains renewable power plants and has an installation track record of more than 1.6 GW. The company currently holds total of 1.9 GW in operation and under construction on four continents.

“Cost efficient battery storage will increase the renewable penetration significantly in electricity markets world-wide and technology- and product advancements in the storage space are important to strengthen and diversify access to cost competitive batteries. As a solution provider, implementing battery technologies in our projects, we are excited to support innovation and developments that can result in cheaper and more reliable solutions for our customers. In particular, we find Freyr’s ambition of manufacturing batteries based on Norwegian low cost and clean hydropower attractive”, says Hans Olav Kvalvaag, SVP New Ventures at Scatec.

FREYR is experiencing substantial interest from various customers for high-energy density low cost battery cells. Recently, FREYR announced an MoU for industrial scale offtake for battery cells in marine and stationary segment with Siemens, an MoU with Elkem for long-term supply battery materials, and a framework agreement with 24M Technologies for the in-licensing of a fundamentally improved lithium-ion cell manufacturing process and platform. Multiple other partnerships across the value chain are in the making and will be announced as they are formalized.

FREYR is developing an initial pilot plant, a scalable and modularized 2-25 GWh fast-track facility and a 32 GWh battery-cell giga-factory in Mo I Rana. This undertaking will be one of the largest in Europe and produce lithium-ion battery cells (LIBs), through a partnership-based approach based on best technology available at any given point in time. FREYR is continuing to expand its value chain and establishing formal relationships related to technology, raw-material supply, equipment and machinery, production systems and customers. FREYR is also deeply committed to supporting the development of an ecosystem of scientific, commercial and financial stakeholders to develop new markets and to meet the growing global demand for battery cells - produced in Norway and the Nordic region - in a profitable, responsible and sustainable way.


***


About FREYR AS
FREYR is a Norwegian company developing, financing, constructing and operating environmentally friendly lithium-ion based battery cell facilities and an adjacent wind-park in Mo i Rana, Northern Norway. The company is developing an initial pilot plant, a scalable and modularized 2-25 GWh fast-track facility and a 32 GWh giga-factory using best available technology and globally leading partners powered by low-cost, renewable hydro while also developing a 600 MW wind park. FREYR will supply safe, high energy density and cost competitive green battery cells to the rapidly growing markets for electric vehicles, energy storage, marine and aviation applications in Europe and globally. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the necessary expansion of the battery value chain in our region. For more information, go to freyrbattery.com

Contact details:
Tom Einar Jensen,CEO tom.jensen@freyrbattery.com
Steffen Føreid, CFO steffen.foreid@freyrbattery.com
Hilde Rønningsen, Director of Communications hilde.ronningsen@freyrbattery.com

CNANO: Exercise of subscription rights

Company news

2020-11-25 08:31:14

Karlander Invest has exercised its right under its 87.900 independent subscription rights granted on 26 November 2015 to subscribe for 87,900 new shares in CrayoNano AS at a subscription price of NOK 4.6196 per share.

Skips AS Tudor has exercised its right under its 311,600 independent subscription rights granted on 26 November 2015 to subscribe for 136,600 new shares in CrayoNano AS at a subscription price of NOK 3.4492 and to subscribe for 175,000 new shares in CrayoNano at a subscription price of NOK 4.6196 per share.

As a consequence, the share capital of CrayoNano AS will increase by NOK 7,990 from NOK 527,818 to NOK 535,808. Following completion of the registration of the share capital increase, the share capital of CrayoNano AS will be NOK 535,808 divided into 26,790,400 shares, each with a nominal value of NOK 0.02.

With this, all subscription rights from general meeting November 26th 2015 has been exercised.

CRAYONANO’s business is to commercialize its UVC LED technology based on nanowires grown on graphene. Applications for the technology include disinfection of water, air and surfaces

Western Bulk Chartering AS - Notification of trade

Company news

2020-11-24 16:25:00

Hans Aasnaes, CEO and Primary Insider of Western Bulk Chartering AS, has today acquired 20 000 shares in Western Bulk Chartering AS at NOK 10,00 per share. Following this transaction, Hans Aasnaes owns 30 504 shares in Western Bulk Chartering AS.

Golar LNG Limited Q3 2020 results presentation

Company news

2020-11-24 16:10:02

Golar LNG's 3^rd Quarter 2020 results will be released before the NASDAQ opens on Monday, November 30, 2020. In connection with this a webcast presentation will be held at 3:00 P.M (London Time) on Monday, November 30, 2020. The presentation will be available to download from the Investor Relations section at www.golarlng.com

Due to ongoing high levels of demand for their services, our platform providers highly recommended that participants join the conference call via the listen-only live webcast link provided. Sell-side analysts interested in raising a question during the Q&A session that will immediately follow the presentation should access the event via the conference call dial-in information below. Call handling may take longer than usual.  You should therefore dial in 10-15 minutes prior to the start time.

Information on how to ask questions will be given at the beginning of the Q&A session. There will be a limit of two questions per participant.

a. Listen-only live webcast link

Go to the Investors, Results Centre section at www.golarlng.com and click on the link to "Webcast". To listen to the conference call from the web, you need to have installed Windows Media Player, and you need to have a sound card on your computer.

b. Teleconference

Call-in numbers:
International call +44 2071 928 338
UK Free call 0800 279 6619
US Toll +1 646 741 3167
USA Free call 877 870 9135
Norway Toll +47 21 56 30 15
Norway Free call 800 56865

Participants will be asked to clearly state their name and provide the conference ID. The Golar conference ID is 8169596

Please download the presentation material from www.golarlng.com (Investors, Results Centre) to view it while listening to the conference.

If you are not able to listen at the time of the call, you can either listen to a replay of the conference call on www.golarlng.com (Investors, Results Centre), or listen to a playback by dialling:

United Kingdom +44 3333 009 785
United States +1 917 677 7532
Norway +47 21 03 42 35
- followed by replay access number 8169596.   This service will be available for the 7 days immediately following the scheduled event.

KRAB - Kraft Bank ASA – Søknad om opptak til handel på Merkur Markets

Company news

2020-11-24 13:12:38

Styret i Kraft Bank ASA har i dag, 24 November 2020, vedtatt å søke Oslo Børs om at bankens aksjer tas opp til handel på Merkur Markets. Merkur Markets endrer snart navn til Euronext Growth. Forutsatt godkjennelse fra Oslo Børs vil aksjene noteres i første halvdel av desember 2020. Bankens aksjer har vært notert på NOTC siden oppstart av banken i 2018. Det gjennomføres ingen transaksjon i følge med noteringen.

Kraft Bank tilbyr refinansiering av lån med pant i bolig og lån uten sikkerhet til personer som på grunn av utfordrende økonomi og/eller betalingsproblemer ikke får finansiering i ordinær bank.

Juridisk rådgiver er Advokatfirmaet Selmer AS. Merkur (Euronext Growth) rådgiver er Pareto Securities AS.

Ved spørsmål kontakt:
Svein Ivar Førland, Adm. Dir. mob, 90644191
Ole Jacob Olsnes, CFO, mob 93054192

Torghatten Nord AS styrker posisjonen som ferjeoperatør i Møre og Romsdal

Company news

2020-11-23 07:21:36

Torghatten Nord AS, et heleid datterselskap av Torghatten ASA, har signert kontrakt med Møre og Romsdal Fylkeskommune for drift av to fylkesferjesamband. Dette gjelder ferjestrekningene Småge – Orta – Finnøy – Sandøy – Ona (Utasund) med oppstart 1. januar 2022 og ferjesambandet Brattvåg – Dryna fra 1. januar 2023. Kontrakten som omfatter begge samband løper til 31. desember 2028 og har en verdi inklusive opsjoner på 450 millioner.

Se vedlagte OTC-/pressemelding.

Net1 International - Senior Management Change

Company news

2020-11-20 20:48:31

Oslo, 20 November 2020 – Net1 International Holdings AS (“Net1 AS”, the “Group”, NOTC Ticker: Net1) announces that Amit Vithlani, its Chief Executive Officer, will be leaving the organization due to unforeseen personal issues. The Board of Net1 AS intends to appoint JD Fouchard as interim CEO of the Group.

“On behalf of the Board of Net1 AS, I would like to thank Amit for his contributions to the Group and especially taking the lead in securing the financing facilities. Our senior management in Indonesia will continue to build on the foundation that has been put in place,” said Trygve Lauvdal, Director.

“I want to thank Amit for his guidance and direction, he has made an indelible impact on the Group. Our objective remains to grow and continue to improve internet access in rural Indonesia.” said Andri Pranata, Net1 Indonesia’s CEO.

Net1 AS recently closed a $75.5m secured debt facility for its subsidiary, Mobile Internet Holdings B.V (“MIH”) which provided an additional $35m of new long-term funding, all expiring in 2027.

ABOUT NET1 INTERNATIONAL
Net1 International has investments in 4G LTE operations in Philippines and Indonesia.
Indonesia has a population of 261 million, and Net1 Indonesia has a total 15MHz of bandwidth on the LTE-enabled 450MHz band.
Philippines has a population of 104 million, and Net1 Philippines now has a spectrum portfolio consisting of: 20 MHz bandwidth on the LTE-enabled 450MHz frequency in addition to the 20MHz it owns in the 3.5GHz band. It also owns 200MHz on the 24450MHz-24650MHz band.

ENDS

Atlantica Tender Drilling Ltd. (ATDL) - Q3 2020 Financial Statements

Company news

2020-11-20 18:17:14

Please find attached Atlantica Tender Drilling Ltd.'s unaudited consolidated financial statements for Q3 2020.

For further information, please contact:

Reese McNeel
CFO
Atlantica Tender Drilling Ltd
reese.mcneel@atlanticatd.com
+47 41508186

On & Offshore Holding AS (ONOF) - Pro forma resultatmelding per 3. kvartal 2020 for datterselskapet On & Offshore Services AS

Company news

2020-11-20 17:55:04

Aktiviteten i On & Offshore Services AS har vært sterkt preget av fall i oljeprisen og korona pandemien i 2020. Til nå i år ser vi 30 % reduksjon i produksjonen mot samme periode i fjor. Godt hjulpet av et marked som har behov for selskapets tjenester, myndighetenes tiltak, godt samarbeid med de tillitsvalgte og god kostnadskontroll leverer likevel selskapet positivt driftsresultat.

Foreløpig pro-forma regnskap per september 2020 viser at totale bokførte driftsinntekter i OOS var MNOK 59,5 mot MNOK 85,9 i samme periode i fjor. Totale kostnader i perioden var MNOK 56,1 hvorav personalkostnader utgjorde MNOK 47,7. Bokført resultat før skatt var MNOK 2,3 mot MNOK 7,5 i samme periode i 2019. Selskapet har en god likviditetsmessig situasjon, og selskapet er ajour med skatter og avgifter.

OOS opplevde en signifikant økning i aktivitet ved inngangen til 2. halvår. Dette tillegges mer hensiktsmessige smittevernstiltak og at selskapets kunder har innført prosedyrer som tillater en viss normalisering av driften. Kjøpssignaler fra kundene underbygger samtidig et behov for selskapets tjenester og forventninger om en positiv utvikling når effekten av pandemien ebber ut.

OOS følger FHI sine smittevernråd, myndighetenes råd generelt og kundenes bestemmelser ved arbeid på site. På hovedkontoret i Kristiansand er adgangen for besøkende begrenset/redusert og det er spesielt innført tiltak for håndhygiene og avstand mellom personell som ferdes i lokalene.

Selskapets prioriterte forretningsområder er installasjon, vedlikehold og modifikasjonsentrepriser samt bemanningsstøtte innen mekaniske disipliner og hydraulikk.

Pro-forma resultat i OOS er ikke revidert. Det tas forbehold om at eventuelle avsetninger og disposisjoner knyttet til revisjon av årsregnskapet i noen grad kan påvirke årsresultatet. Administrasjonen vurderer imidlertid det foreløpige driftsresultatet som reelt, og det er per nå ikke identifisert betydelige poster som vil påvirke driftsresultatet.

For ytterligere informasjon, vennligst kontakt:
CFO, Kim B. Lindseth (kim.lindseth@oos.no, +47 913 60 788)

FREYR signs initial agreement with MAERSK

Company news

2020-11-20 12:37:22

FREYR and MAERSK Norge AS have signed a Memorandum of Understanding (MoU) for optimization of FREYR’s global logistics and supply chain and to discuss a potential commercial cooperation regarding use of environmentally friendly battery cells.

Under the MoU, MAERSK and FREYR will work to jointly identify synergies between the two companies’ business activities. This includes to optimize FREYR’s inbound and outbound logistics and supply chain operations during the development and later operations of FREYR’s battery cell facilities in Northern Norway with easy access to an ice-free deep-water port. The parties will also explore potential commercial cooperation regarding technology for sustainable solutions – manufactured at FREYR’s lithium-ion battery cell (LIB) facilities under development in Mo i Rana, Norway.

“Efficient logistics and sustainable supply chain operations are key enablers for FREYR to deliver on our ambition of making the world’s most cost competitive and environmentally friendly battery cells with a significantly reduced carbon footprint based on 100% renewable low-cost energy. We are excited to partner with MAERSK as the global industry-leader to develop our logistics and supply chain network, and as a potential customer to further support their firm goal to decarbonize its fleet by 2050 through a number of environmentally friendly solutions currently being explored.”, says Tom Einar Jensen, the CEO of FREYR.
MAERSK is a leading international logistics company and the world's largest container shipping line, moving 12 million containers every year through over 300 ports in every corner of the globe. The company’s network includes extensive inland truck, rail and barge services. MAERSK also develops innovative supply chain solutions, fusing its global network and expertise with digital innovations to offer holistic, efficient logistics and supply chain solutions to its customers.

“At MAERSK we strive to help build sustainable, integrated supply chains that drive the future of industries. FREYR represents an innovative and scalable solution for environmentally and ethically responsible battery cells. Under this initial agreement, we aim to work with FREYR to find the most competitive and sustainable solution for end to end logistics along the battery value chain and continue exploring how batteries can support future decarbonizing of the marine, automotive and other sectors”, says Marit Vårdal, managing director for Maersk in Norway.

FREYR is experiencing substantial interest from various customers for high-energy density low cost battery cells. In July this year, FREYR successfully raised NOK 130 million of pre-construction equity financing for the first lithium-ion battery cell (LIB) facility in Norway with strong local and regional support. Recently, FREYR announced an MoU for industrial scale offtake for battery cells in marine and stationary segment with Siemens, an MoU with Elkem for long-term supply battery materials, and a framework agreement with 24M Technologies for the in-licensing of a fundamentally improved lithium-ion cell manufacturing process and platform. Multiple other partnerships across the value chain are in the making and will be announced on a running basis.

FREYR is developing an initial pilot plant, a scalable and modularized 2-25 GWh fast-track facility and a 32 GWh battery-cell giga-factory in Mo I Rana. This undertaking will be one of the largest in Europe and produce lithium-ion battery cells (LIBs), through a partnership-based approach based on best technology available at any given point in time. FREYR is continuing to expand its value chain and establishing formal relationships related to technology, raw-material supply, equipment and machinery, production systems and customers. FREYR is also deeply committed to supporting the development of an ecosystem of scientific, commercial and financial stakeholders to develop new markets and to meet the growing global demand for battery cells - produced in Norway and the Nordic region - in a profitable, responsible and sustainable way.

***

Maersk
A.P. Moller - Maersk is an integrated container logistics company, connecting and simplifying trade to help our customers grow and thrive. With a dedicated team of over 80,000, operating in 130 countries we go all the way to enable global trade for a growing world. For more information, visit www.maersk.com


About FREYR AS
FREYR is a Norwegian company developing, financing, constructing and operating environmentally friendly lithium-ion based battery cell facilities and an adjacent wind-park in Mo i Rana, Northern Norway. The company is developing an initial pilot plant, a scalable and modularized 2-25 GWh fast-track facility and a 32 GWh giga-factory using best available technology and globally leading partners powered by low-cost, renewable hydro while also developing a 600 MW wind park. FREYR will supply safe, high energy density and cost competitive green battery cells to the rapidly growing markets for electric vehicles, energy storage, marine and aviation applications in Europe and globally. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the necessary expansion of the battery value chain in our region. For more information, go to www.freyrbattery.com.

Contact details

FREYR AS
Tom Einar Jensen,CEO tom.jensen@freyrbattery.com
Steffen Føreid, CFO steffen.foreid@freyrbattery.com
Hilde Rønningsen, Director of Communications hilde.ronningsen@freyrbattery.com

MAERSK:
Marit Vårdal, Managing Director Maersk Norge AS marit.vardal@maersk.com

EDEA is now on NOTC

Company news

2020-11-20 10:01:12

European Distributed Energy Assets Holding AS (“EDEA”), the leasing company spun out of Otovo, that carried out a two phase equity financing of a total of NOK 155 million in September and October, has today been registered for trading on NOTC.

- We are glad to see the strong investor support for our new way of financing energy assets. EDEA is off to a flying start and will enable growth in residential solar and other renewable energy assets across Europe, says EDEA CEO and Otovo CFO, Cecilie Ellila Weltz.

The EDEA board has a mandate to list the shares on the Merkur Market within 12 months.

Otovo will continue to own 18.75 percent of EDEA.

Otovo's solar yield company, EDEA, is now on NOTC

Company news

2020-11-20 09:40:34

European Distributed Energy Assets Holding AS (“EDEA”), the leasing company spun out of Otovo, that carried out a two phase equity financing of a total of NOK 155 million in September and October, has today been registered for trading on NOTC.


- This is a milestone in the development of Otovo. We have spun out a company that will become a major owner of solar energy, EV chargers and other distributed energy assets over the coming years. We look forward to a close relationship as we develop both the marketplace (Otovo) and the solar yield machine (EDEA), says EDEA Chairman and Otovo CEO, Andreas Thorsheim.

The EDEA board has a mandate to list the shares on the Merkur Market within 12 months.

Otovo will continue to own 18.75 percent of EDEA.

Aprila Bank ASA: Notification of trade

Company news

2020-11-20 08:21:37

Knut Asbjørnsen, Head of Sales in Aprila, has on 19 November purchased 26,666 shares in Aprila Bank ASA. The shares were purchased at NOK 7.50 per share.

After the purchase Knut Asbjørnsen holds 129,369 shares in the company.

Notice of EGM in Norda ASA

Company news

2020-11-19 21:09:51

Notice of extraordinary general meeting is published on the company's website www.nordasa.no. The EGM will be held 02.12.2020.

EDEA: EDEA Holding AS is registered on the NOTC-list

Company news

2020-11-19 16:57:27

EDEA Holding AS (European Distributed Energy Assets Holding AS) is registered on the NOTC-list as of 20 November 2020 with ticker code “EDEA”. The company has issued 6,399,800 shares each with a par value NOK 0.15, all of which is registered in the VPS with ISIN code NO 001 0893886. Based on the last equity issue price of NOK 25 per share (October 2020), the market capitalization is NOK 155,995,000. The company has entered into an agreement whereby it will be able to use the NOTC reporting systems as of 20 November 2020
EDEA owns residential solar installations leased out to European households. EDEA is managed by Otovo, the marketplace for energy installation headquartered in Norway.
Please see attached Company Presentation

Ny aksje: EDEA Holding AS (EDEA)

Corporate actions

2020-11-19 16:42:46

EDEA Holding AS (ISIN:NO0010893886, ticker EDEA) er lagt inn i handelsstøttesystemet

Golar and Black & Veatch Announce Collaboration in Floating Ammonia Production, Carbon Capture, Green LNG and other emerging technologies

Company news

2020-11-19 15:30:01

Golar LNG Limited (Golar or the Company) announces today that it has agreed with Black & Veatch Corporation (B&V) to expand on their long-standing FLNG relationship and enter into a collaboration agreement in the field of floating ammonia production, carbon capture, green LNG and hydrogen. Golar brings to the relationship its deep experience of delivering and operating paradigm shifting low cost floating LNG infrastructure that works, and B&V, as a leading provider of LNG technology also bring a deep expertise in green technologies. Within 2020, Golar and B&V intend to jointly publish a thought leadership paper on our first area of interest for collaboration, floating ammonia production with carbon capture and storage (Floating Blue Ammonia). In subsequent months, Golar and B&V intend to continue to jointly publish our thoughts as we focus in on the technical and commercial viability of the most prospective floating applications of the green and blue technologies and areas of interest that we intend to investigate together.

Any project development and implementation that follows the initial research and investigation stages above will be subject to a separate commercial agreement between the two companies.

Golar CEO Iain Ross commented replacement of coal, fuel oil and diesel with cleaner burning LNG represents one of the easiest and most cost-effective near-term steps to decarbonize the worlds energy mix.  Golar and Hygo Energy Transition are extremely well positioned to drive this with their low-cost quick delivery infrastructure solutions and emerging use of BIO LNG.  The next step is to plan for a net zero carbon energy mix.  As a company with an established history of championing and delivering disruptive solutions to problems in its industry, and a serious and continuous commitment to its ESG agenda, Golar looks forward to working with a likeminded and equally capable partner, in the field of floating ammonia and hydrogen production, carbon capture, and other decarbonisation initiatives.

This collaboration builds on years of delivering commercial and technology innovation with Golar, a visionary in monetizing natural gas reserves, said Hoe Wai Cheong president of Black & Veatchs oil and gas business. Given hydrogen and ammonias use in many energy-intensive industries we can make meaningful progress in lowering the carbon footprint and help these industries meet new sustainability commitments.

FORWARD LOOKING STATEMENTS

This press release contains forward-looking statements (as defined in Section 21E of the Securities Exchange Act of 1934, as amended) which reflects managements current expectations, estimates and projections about its operations. All statements, other than statements of historical facts, that address activities and events that will, should, could or may occur in the future are forward-looking statements. Words such as may, could, should, would, expect, plan, anticipate, intend, forecast, believe, estimate, predict, propose, potential, continue, or the negative of these terms and similar expressions are intended to identify such forward-looking statements.

These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Golar LNG Limited undertakes no obligation to update publicly any forward-looking statements whether as a result of new information, future events or otherwise, unless required by applicable law.

Hamilton, Bermuda

November 19, 2020

"Cancellation of extraordinary general meeting in EQOLOGY AS – withdrawal of contemplated offer to shareholders

Company news

2020-11-19 08:49:24

Reference is made to the notice published on 11 November 2020 that called for a general meeting in Eqology AS ("Eqology") to resolve a de-listing of Eqology's shares from NOTC during December 2020. ImmunoPharma AS (ImmunoPharma), which controls more than 2/3 of the outstanding shares in Eqology, requested a de-listing of Eqology's shares. Due to feedback from certain minority shareholders, ImmunoPharma has requested the board of Eqology to cancel the extraordinary general meeting called for at Friday 20 November at 1 pm CET. Consequently, and in light of ImmunoPharma's shareholding, the board of Eqology has today decided that said extraordinary general meeting is cancelled.

ImmunoPharma has further informed the board of Eqology that the contemplated offer for Eqology shares set forth in the notice on 6 November 2020 is withdrawn, and that ImmunoPharma will consider to offer to buy outstanding shares in Eqology following Eqology's adoption of the annual accounts for 2020.

For questions regarding the cancellation of the general meeting, contact:

Roar Arnstad
CEO
E-mail: roar.arnstad@eqology.no

Christian Espeseth
Chairman of the board "

Avenir LNG Limited Announces Management Changes

Company news

2020-11-18 19:20:01

London, 18 November, 2020 (GLOBE NEWSWIRE)  Avenir LNG Limited (NOTC: AVENIR) announced today that Milorad Doljanin has resigned from his position as Chief Executive Officer and Peter Mackey will assume the additional responsibilities of Chief Executive Officer on an interim basis with effect from 18 November 2020. Mr Mackey joined Avenir LNG in January 2020 as Chief Commercial Officer, bringing over 19 years of experience and acumen in the Oil & Gas Industry. Commenting on his expanded role, Peter said Despite the challenging global environment throughout 2020 we have made enormous strides in delivering our vision for Avenir LNG. The recent delivery of our first vessel, the Avenir Advantage, is testament to resilience and dedication of the Avenir team. Looking forward, 2021 will be a transformational year for Avenir as we bring our land-based LNG terminal into service in Sardinia and welcome 5 further small-scale LNG carriers to our fleet. I look forward to working with our customers and partners around the world to bring clean, affordable and reliable LNG supply to underserved markets.

Milorads decision to pursue other opportunities is effective immediately but he will continue to provide transition support to Avenir on an ongoing basis. Upon his departure, Milorad commented I am immensely proud to have led the team at Avenir LNG to have achieved so much during the last 12 months amid a difficult social and economic environment. As I turn my attention to the development of other aspects of the energy market, I thank the Board for their support during my tenor and wish the team at Avenir LNG every success in building a sustainable small-scale LNG supply business.

Niels G. Stolt-Nielsen, Chairman of Avenir LNG, added I would like to thank Milorad for the work he has done in leading Avenir LNG and look forward to seeing the company continuing to deliver the vision we have laid out.

About Avenir LNG Limited: Avenir LNG supplies small-scale LNG to off-grid industry, power generation and transport fuel sectors as well as providing infrastructure to support the development of LNG as a marine fuel.

GoodBulk Ltd. (N-OTC: BULK) Announces Financial Results for the Third Quarter Ended 30 September, 2020

Company news

2020-11-18 12:41:59

Hamilton, Bermuda – (18 November, 2020) – GoodBulk Ltd. (“GoodBulk” or the “Company”) (N-OTC: BULK) an owner and operator of dry bulk vessels today announced its financial results for the third quarter ended 30 September, 2020.

About GoodBulk Ltd.
GoodBulk, incorporated in Bermuda, is an owner and operator of dry bulk vessels formed in October 2016 for the purpose of owning high quality second hand dry bulk vessels between 50,000–210,000 DWT. GoodBulk controls a fleet of 23 dry bulk vessels, including 22 Capesize vessels and one Panamax vessel. Designed to provide an efficient vehicle for investors to access the dry bulk market, all vessels are externally managed by C Transport Maritime S.A.M. a leading third-party manager of dry bulk vessels. GoodBulk is listed on the Norwegian OTC market under the symbol BULK. More information can be found online at www.goodbulk.com.

Company contact
John Michael Radziwill
CEO and Chairman
GoodBulk Ltd.
Tel +377 97 98 59 87
Email jmradziwill@goodbulk.com