Latest news with #M&P
Business Wire
17-07-2025
- Business
- Business Wire
Muller & Phipps ME Group Strengthens Global Footprint with Strategic Launch of MnP Technologies
DALLAS--(BUSINESS WIRE)--Muller & Phipps ME Group (M&P), a global leader in technology-driven supply chain solutions, today announced the launch of MnP Technologies, its new U.S. operation headquartered in Dallas. This strategic move marks the company's vision to deliver end-to-end logistics and technology services across all major global markets. M&P expands its existing network into the Americas with MnP Technologies, offering AI-driven products and supply chain services on a global scale. With decades of logistics expertise, MnP Technologies is set to provide a comprehensive suite of solutions, including technology-enabled mission-critical logistics, spare parts management, reverse logistics, repair services and lifecycle management. The company is uniquely positioned to serve a diverse range of industries, with a focus on Hi-Tech, MedTech, Industrial Security, Energy, Life Science, and Sustainability sectors. Each solution is tailored to address the complex technology and supply chain challenges faced by today's businesses. 'This launch represents an important element of our global strategy,' said Trevor Price, Group CEO of Muller & Phipps ME Group. 'MnP Technologies allows us to provide seamless, integrated supply chain solutions worldwide connecting our established EMEA and APAC operations with a strong presence in the Americas. From Tokyo to São Paulo and Sydney to Dallas, MnP merges the reliability of traditional supply chains with the power of Vision AI and AIoT-enabled inventory tracking—delivering digital solutions for the future, worldwide' MnP Technologies is leveraging Muller & Phipps' global infrastructure to deliver rapid, reliable service throughout North and South America, ensuring clients benefit from the group's extensive international network and expertise. About Muller & Phipps ME Group With roots dating back nearly 200 years, Muller & Phipps ME Group is a global leader in technology-enabled supply chain solutions. The company specializes in developing innovative logistics platforms that help clients navigate complex operational challenges across multiple industries.
Cision Canada
03-07-2025
- Business
- Cision Canada
NG ENERGY ANNOUNCES ACQUISITION OF MINORITY INTERESTS AT SINU-9
CALGARY, AB, July 3, 2025 /CNW/ - NG Energy International Corp. (" NGE" or the " Company") (TSXV: GASX) (OTCQX: GASXF) is pleased to announce that the Company and Etablissements Maurel & Prom S.A. (" Maurel & Prom" or " M&P"), have agreed to acquire a collective 28% working interest (the " Minority Interests") in Sinu-9 from the Company's minority partners at the block (the " Minority Partners"). Upon completion of the acquisition of the Minority Interests from the Minority Partners, as well as completion of the sale to M&P of a 40% working interest in Sinu-9, as announced in the Company's February 10, 2025, news release (the " M&P Transaction"), NGE will hold a 39% working interest in Sinu-9, while M&P will hold a 61% working interest and assume operatorship of the block. The Company and M&P have been working closely to advance a six-well exploration and appraisal campaign at Sinu-9, with operations expected to commence as early as October 2025. Acquisition of the Minority Interests Pursuant to the terms of the acquisitions from the Minority Partners, the Company and M&P will acquire the Minority Interests in the following proportions: (i) NGE – 7% working interest; and (ii) M&P – 21% working interest. In consideration for the Company's portion of the Minority Interests, the Company will pay to the Minority Partners an aggregate total of US$26.25 million, which is payable as follows: (i) US$2.625 million as an initial deposit; and (ii) US$23.625 million to be paid upon completion of the acquisitions of the Minority Interests. The terms of the acquisitions of the Minority Interests are generally consistent with the terms of the asset purchase agreement entered into between the Company and M&P for the M&P Transaction. The acquisitions were negotiated by parties who are dealing at arm's length with each other and therefore, in accordance with the policies of the TSX Venture Exchange, are Arm's Length Transactions, as defined in the TSXV Corporate Finance Manual. Brian Paes-Braga, Executive Chairman of NGE, commented, "This consolidation of the Minority Interests in Sinu-9 represents a pivotal step in strengthening our partnership with Maurel & Prom and advancing our shared vision for the block. The upcoming exploration and appraisal campaign underscores our commitment to unlocking the significant potential of Sinu-9, delivering value to our shareholders, and contributing to Colombia's energy landscape." New Payment Terms for the M&P Transaction The Company is also pleased to announce that the Company and M&P have agreed to revised payment terms for the M&P Transaction. While the total consideration payable to the Company by M&P remains US$150 million, with the initial advance of US$20 million already having been received by the Company, the Company and M&P have agreed to the following revised payment structure with respect to the remaining US$130 million payable to the Company: an additional US$20 million will be paid to the Company in early July 2025; US$50 million will be paid to the Company upon completion of the M&P Transaction; US$30 million will be paid to the Company three months after completion of the M&P Transaction; and US$30 million will be paid to the Company six months after completion of the M&P Transaction. M&P's irrevocable right to purchase an additional 5% working interest in Sinu-9 for a period of twelve (12) months from completion of the M&P Transaction remains unchanged (the " Call Option"). The Call Option is subject to adjustments for cash flows from the effective date of February 1, 2025. Update on Timeline for Completion of the M&P Transaction Completion of the acquisitions of the Minority Interests are expected to occur as soon as reasonably practicable and are conditional on the satisfaction or waiver of all conditions precedent, including but not limited to, obtaining all necessary regulatory approvals, including the approval of the Colombian National Hydrocarbons Agency (the " ANH"). With respect to the M&P Transaction, the application for the assignment of the 40% working interest in Sinu-9 to M&P was submitted to the ANH in March 2025. NGE expects that the ANH will review the M&P Transaction and transfer of the Minority Interests concurrently, with approvals anticipated in Q3 2025. About NG Energy International Corp. NG Energy International Corp. is a growth-orientated natural gas exploration and production company focused on delivering long-term shareholder and stakeholder value through the discovery, delineation and development of large-scale natural gas fields in the Americas, supporting energy transition and economic growth. NGE's team has extensive technical and capital markets expertise with a proven track record of building companies and creating significant value in South America. In Colombia, the Company is executing on this mission with a rapidly growing production base and an industry-leading growth trajectory, delivering natural gas into the premium-priced Colombian marketplace (~US$8/MMBtu) with projected triple digit production growth over the next 2-3 years towards a production goal of 200 MMcf/d. To date, the Company has raised over US$200 million in debt and equity and has constructed and commissioned 3 gathering, processing and treatment facilities and associated pipelines with gross processing and transportation capacity of 60 MMcf/d expected in Q3 2025 with significant capital contributions from insiders who currently own approximately 32% of the Company. For more information, please visit SEDAR+ ( and the Company's website ( Cautionary Statement Regarding Forward-Looking Information This news release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking statements") within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this news release, including, without limitation, statements related to the commencement of exploratory operations at Sinu-9, completion of the M&P Transaction, completion of the acquisitions of the Minority Interests and ANH approval for the M&P Transaction and the acquisitions of the Minority Interests. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as "expects", or "does not expect", "is expected", "anticipates" or "does not anticipate", "plans", "budget", "scheduled", "forecasts", "estimates", "believes" or "intends" or variations of such words and phrases or stating that certain actions, events or results "may" or "could", "would", "might" or "will" be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements. Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Factors that could cause actual results to differ materially from those anticipated in these forward-looking statements are described under the caption "Risk Factors" in the Company's most recent Management Discussion and Analysis and its Annual Information Form dated April 28, 2025, which are available for view on SEDAR+ at These risks include but are not limited to, the risks associated with the oil and natural gas industry, such as exploration, production and general operational risks, the volatility of pricing for oil and natural gas, the inability to market natural gas production and changes in natural gas sale prices, changing investor sentiment about the oil and natural gas industry, any delays in production, marketing and transportation of natural gas, drilling costs and availability of equipment, regulatory approval risks and environmental, health and safety risks. Forward-looking statements contained herein are made as of the date of this news release, and the Company disclaims, other than as required by law, any obligation to update any forward-looking statements whether as a result of new information, results, future events, circumstances, or if management's estimates or opinions should change, or otherwise. There can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, the reader is cautioned not to place undue reliance on forward-looking statements. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Abbreviations The abbreviations set forth below have the following meanings: Information Regarding the Company's Working Interest Disclosure With regard to the Company's working interests held in both the Maria Conchita and Sinu-9 Blocks, in both the context of this news release and the Company's previous news releases, the term "working interest", ultimately refers to the rights and obligations agreed to, eventually, materialize a contractual interest in an exploration and production contract before the ANH, subject to the fulfillment of certain conditions. These conditions involve the assumption of financial risks and are generally linked to exploration by virtue of joint operating agreements. Once such conditions are fulfilled, the acquisition of a registered contractual interest, as party of record, in the exploration and production contract may materialize, by way of a request for approval of assignment before the ANH. For this reason, as is common practice within the oil and natural gas industry as a whole, the disclosed "working interest" may not coincide with the Company's current contractual interest in the exploration and production contract. The assignment and allocation of "working interests" does not affect or undermine, in any way, the rights and obligations of registered parties under the relevant exploration and production contracts. Registered parties remain wholly and totally liable before the ANH, the Colombian authorities and third parties in connection with any and all obligations, risks and liabilities derived from the execution, performance or termination of the exploration and production contracts. Conversely, the rights and obligations that comprise "working interests" are only enforceable vis a vis between the executing parties under private agreements, and have no legal effects before the ANH, the Colombian authorities or third parties. As of the date hereof, the Company is a party of record and holds a 51% contractual interest, in the exploration and production contract for the Sinu-9 Block granted by and entered into with ANH. However, under the private agreements regarding the working interests in the Sinu-9 Block, the Company holds a 72% working interest. This means a 21% working interest is yet to be assigned and acknowledged as a contractual interest in the exploration and production contract, given the conditions to do so, including ANH approval, are yet to be fulfilled. Once these conditions are met, the Company will submit an approval request with ANH. As disclosed in the Company's news release dated February 10, 2025, the Company has agreed to sell a 40% contractual interest in the exploration and production contract for the Sinu-9 Block to Etablissements Maurel & Prom S.A., effective as of February 1, 2025. Additionally, Clean Energy Resources S.A.S. remains the operator of record under such exploration and production contract and before the ANH. With respect to the Maria Conchita Block, the Company holds 100% of the contractual interest as the sole party and operator of record under the relevant exploration and production contract entered into with the ANH, and holds an 80% working interest under private agreements with third parties. SOURCE NG Energy International Corp.
Business Wire
19-06-2025
- Business
- Business Wire
Maurel & Prom S.A.: Signing of an SPA to acquire additional interests in Blocks 3/05 and 3/05A in Angola
PARIS--(BUSINESS WIRE)--Regulatory News: Etablissements Maurel & Prom S.A. (Paris:MAU) ("M&P", the 'Group') is pleased to announce it has agreed to jointly acquire, alongside Afentra plc ('Afentra'), Etu Energias S.A.'s ('Etu') 10% interest in Blocks 3/05 and 13.33% interest in Block 3/05A in Angola (the 'Acquisition'). M&P has signed a Sale and Purchase Agreement ('SPA') with Etu for its 50% share of the Acquisition which is subject to customary closing conditions including approval from Angolan authorities. M&P will acquire an additional interest of 5% in Block 3/05 and 6.67% in Block 3/05A, with an initial consideration of $23 million. A contingent consideration of up to $11 million may be payable, linked to a combination of oil price thresholds, production performance, and the successful development of existing discoveries. The acquisition will be funded entirely from M&P's existing cash resources and available credit facilities ($377 million as of 31 March 2025, proforma finalisation of the accordion in early April). Olivier de Langavant, Chief Executive Officer of M&P, declared: ' This transaction marks a further step in the expansion of M&P's footprint in Angola, a country where we see strong potential for long-term value creation. By increasing our interests in Blocks 3/05 and 3/05A, we reinforce our commitment to stable, producing assets with upside from development and near-field exploration. We are also pleased to strengthen our collaboration with our partners, including Sonangol and Afentra, as we continue supporting Angola's upstream sector. ' Transaction overview M&P has signed an SPA to acquire 50% of Etu's working interests in offshore Blocks 3/05 and 3/05A, consisting in a 5% non-operated working interest in Block 3/05 and a 6.67% non-operated working interest in Block 3/05A. The effective date of the transaction is 31 December 2023. The total headline cash consideration payable by M&P at completion is $23 million. This includes $22 million for the Block 3/05 interest and $1 million for the Block 3/05A interest. The consideration is on a cash-free, debt-free basis and is subject to customary adjustments for working capital and crude inventory balances between the effective date and completion. Based on current estimates, these adjustments are expected to result in a material reduction to the final cash consideration payable at completion. M&P may pay up to $6 million in contingent consideration for Block 3/05: This applies only to the years 2025 and 2026, with the annual contingent payment capped at $3 million; Payments are based on a sliding scale of average annual Brent oil price between $75 per barrel and $123 per barrel; and Only if average gross production exceeds 15,000 barrels of oil per day for the relevant year. A further contingent consideration of up to $5 million may be made in connection with the Caco-Gazela and Punja discoveries on Block 3/05A: Two payments of $2.5 million each are payable one year after first oil from each development; Subject to a minimum Brent price of $75 per barrel and gross production averaging at least 5,000 bopd during the twelve months following first oil; and First oil must occur by 31 December 2029 for the contingent payments to become due. Following completion of the Acquisition, the joint venture partners across both Blocks 3/05 and 3/05A will be comprised as follows: Next steps Completion of the Acquisition remains subject to customary conditions precedent, including government approvals in Angola and finalisation of definitive documentation. M&P expects closing of the Acquisition to take place in the second half of 2025. Asset description Located offshore in the Lower Congo Basin of Angola, Blocks 3/05 and 3/05A are mature, producing assets comprising several oilfields developed since the 1980s, with a strong track record of production. It benefits from established infrastructure and ongoing redevelopment efforts aimed at enhancing recovery. M&P has been a partner on these blocks since 2019. Before the Acquisition, it held a 20% interest in Block 3/05 and a 26.67% interest in Block 3/05A. As of Q1 2025, gross production on Blocks 3/05 and 3/05A was respectively 21,300 bopd and 800 bopd. Glossary For more information, please visit This document may contain forecasts regarding the financial position, results, business and industrial strategy of Maurel & Prom. By their very nature, forecasts involve risk and uncertainty insofar as they are based on events or circumstances which may or may not occur in the future. These forecasts are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors, such as fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production rates and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage. Maurel & Prom is listed on Euronext Paris CAC Mid & Small – CAC All-Tradable – PEA-PME and SRD eligible Isin FR0000051070 / Bloomberg / Reuters
Yahoo
09-06-2025
- Yahoo
Pellet gun, THC vape found at Cumberland County school; student charged
(WHTM) — A juvenile was charged after allegedly bringing a pellet gun to school in May, according to the Shippensburg Police Department. Police say on May 30, authorities were alerted after a juvenile student had a THC vaping device in a classroom. Police say a teacher saw the device, sent the student to the office, and contacted their parents. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now School security searched the student's backpack and found a black Smith & Wesson M&P 40 .177 caliber pellet gun. Police say the student is facing charges of weapons on school property and possessing a small amount of marijuana for personal use. Police did not say which school the incident occurred at. This is a developing story. Stay with abc27 News as more information becomes available Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
The Irish Sun
09-06-2025
- Entertainment
- The Irish Sun
Emmerdale's first look at Mandy and Paddy's new lovenest as Lisa Riley gives fans a tour of home
LIFE is going to get very saucy for Emmerdale stalwarts, Mandy and Paddy Dingle, as they move into their brand-new 'love nest' – 'Pandy Towers'. The fan favourites are moving into Dr Liam's old house and in true Mandy style, it's been given a fresh new look with 'love' cushions, fruity sexual innuendos and even their very own 'M & P' bookcase lit up in lights. 8 Lisa Riley has given us an exclusive first look at Mandy and Paddy's new home Credit: Emmerdale/ITV 8 Mandy and Paddy's new home will debut later this month Credit: Emmerdale/ITV 8 The pair have revamped Dr Liam's old cottage after he moved out Credit: Emmerdale/ITV And as the soap's legendary actress, 'They are like village magnets,' she exclaimed. 'At long last, Mandy and Paddy have got their very own love nest! 'This week the audience will get to see the love nest too and I know they are going to love it as much as Mandy and Paddy. Read more on Emmerdale 'They've called it Pandy Towers! 'Over the next few weeks, you will see them running off together back to the house. "They can't keep their hands off each other and they want to take pure advantage of their new love nest. 'But I think this is great a soap like Emmerdale can make plenty of references to this. Most read in Soaps "Like many people between the ages of 45 and 55, Paddy and Mandy have a wonderful love life!' As our exclusive pictures show, it's clear Mandy is the main architect behind the décor that includes 27 strawberry items in a very cheeky nod to their fruity antics. Mandy Dingle shouts out for Vinny as she's about to get married Smiling, Lisa explained: 'You can tell Paddy has not had as much of a say in the property as he would have liked but he adores it and he trusts Mandy. "He let her run with it and there are strawberries everywhere! In fact, Mandy and Paddy have 27 strawberry items in a nod to their fruity naughtiness! "From strawberry mugs, mats and strawberry lamps to little tea lights, fair lights, strawberries are everywhere in Pandy Towers. "Even little Eve has a strawberry stool and there are strawberry pillows too!' 8 Dingle family pictures adorn Mandy's tasteful sideboard Credit: Emmerdale/ITV 8 The cottage is adorned with pictures from the couples' two weddings Credit: Emmerdale/ITV 8 Mandy's favourite lamp is there for the rubbing Credit: Emmerdale/ITV Guiding Sun readers around the home that is decorated with a pleather of rainbow colours, Mandy's beauty products are dotted everywhere. It's not neat and tidy, as you would expect with the extrovert salon owner in charge, and her garish taste is in abundance. 'But there is no leopard print,' stressed Lisa. 'Mandy leaves that at the salon!' Standing pride of place is a white shelving unit lit up in lights with the letters 'M & P'. 'This bookcase is phenomenal,' exclaimed Lisa before joking: 'It's wonderful to see but obviously there is the phenomenal bromance of Marlon and Paddy. So do the letters really mean Mandy and Paddy?!' Have YOU got a story or an amazing picture or video? Email and you could even get PAID She points to a pair of neon pink marigold gloves that don the letters 'Domestic Goddess'. 'What I love too is Mandy's marigolds,' she added. 'As you would expect with Mandy, they are not normal marigolds – she has a sewn-on ring with the lettering 'Domestic Goddess!' 'What's great is the lounge is so multi-coloured. Dr Liam's house was dark and dismal. EMMERDALE NEWS Everything you need to know about Emmerdale All the Emmerdale spoilers Our The history of "Now it's colours everywhere. The comparison is literally like going to A to Z instantly!' But Lisa, who as Mandy plays one of the biggest matriarchs of the Dingles, also stresses there are plenty of poignant nods to the famous soap family too. Dotted around are lots of family photos and the Dingle's family emblem of a crotched blanket is neatly placed over the sofa. 'You have got the original Dingle blanket and it's all about the family' said Lisa. 8 Mandy has been labelled a scrubber before Credit: Emmerdale/ITV 8 Mandy will pop the bright kettle on in the blinding kitchen for her guests Credit: Emmerdale/ITV 'There are pictures of Mandy and Paddy's wedding day and one of her with Uncle Zak. "The audience are going to see lots of shots of the Mandy and Zak picture which I think is wonderful. They were so close.' Lisa says she has loved working with Emmerdale's set design team on 'Pandy Towers' and she reveals a lot of effort has been put in to making sure many of the items have been upcycled. In fact, as Lisa explains, 'We have tried to upcycle a lot of the items,' added the star. 'We are really big on that. We've got a As for what lies ahead, she teases whilst fans can expect plenty of saucy fun, there will also be lots of drama with Mandy and Paddy too – especially with the couple's relationship with Bear Wolf. 'Mandy and Paddy are real carers and they look out for people but there will be a lot of drama too,' she warned. 'It's going to be particularly dramatic with Bear Wolf…' Emmerdale runs every weekday on ITV1 and STV1 at 7.30pm. Episodes can be streamed on ITVX.
