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To celebrate Africa Day, Africa Oil Week launches an exclusive digital, pre-event edition of the Africa Independents Forum, showcasing prospective offshore opportunities across Africa

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To celebrate Africa Day, Africa Oil Week launches an exclusive digital, pre-event edition of the Africa Independents Forum, showcasing prospective offshore opportunities across Africa

To celebrate Africa Day, Africa Oil Week launches an exclusive digital, pre-event edition of the Africa Independents Forum, showcasing prospective offshore opportunities across Africa
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Ensure transparency in oil agreements

Ensure transparency in oil agreements  Thursday May 13 2021 On May 5, Energy and Mineral Development minister, Dr Mary Gorreti Kitutu, presented to Parliament the oil pipeline agreements the Ugandan government signed with their Tanzania counterparts and various companies involved in the implementation of the East African Crude Oil Pipeline (EACOP) project.  These agreements included the host government agreement, the tariffs and transportation agreement and shareholders agreement.  However, she stated that the agreements are commercial agreements with confidentiality clauses and called upon the Members of Parliament to handle the agreements in a manner that preserves the  confidentiality so that the government does not breach the obligation in the agreement 

McBride PLC drops after warning profits will be hit by higher costs and lower demand

Omega Diagnostics reports positive results for COVID-19 test A look at the major movers on the London market on Wednesday 2.51pm: Healthcare group reports positive test results Omega Diagnostics Group PLC (LON:ODX) is in demand after announcing postive results for the Mologic COVID-19 lateral flow antigen test. The test, which Omega has launched for professional use under its Visitect brand, has been independently verified in a 665-person study in Germany by FIND, a World Heath Organisation collaborating centre. Omega said the test was shown to demonstrate best-in-class performance with 100% specificity and 96.4% sensitivity compared with laboratory testing. Chief executive Colin King said:  This is great news for the Mologic test, which we are now producing under our Visitect brand. It is significant that the test has been shown to have high diagnostic accuracy on self-collected swab specimens. Rapid diagnostic tests play a crucial role in breaking the spread of infectio

Omega Diagnostics Group PLC reports positive results for COVID-19 test

SIG shares jump as it forecasts a return to profit A look at the major movers on the London market on Wednesday SIG PLC (LON:SHI) has come in from the cold sooner than expected. The insulation specialist said January and February had seen a solid start to the year, with sales volumes then picking up so that March and April traded ahead of expectations.   So it now expects to deliver an underlying profit in the first half, turning round its losses more quickly than expected. It said: Whilst the evolving COVID-19 backdrop will continue to create uncertainty in the short term, more so in our EU markets than the UK, the strong demand across territories and sectors in the first four months of the year was encouraging and gives the board increased confidence for the full year performance.

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