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Market Alert: PNGX Markets release Trading in Oil Search Limited on 10 December 2021.

December 10, 2021
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Oil Search Limited (code: OSH) has announced that the National Court of Justice of PNG has made orders approving the proposed scheme of arrangement for Santos to acquire all of the shares in Oil Search in return for the issue of new Santos shares to Oil Search shareholder (the “Scheme”). Under the scheme, Santos will issue new Santos shares (the New Santos Shares) to Oil Search shareholders at a ratio of 0.6275 New Santos Shares for each existing Oil Search share (the Scheme Consideration).

Townsville Hydrogen Hub

The Weekly JMP Report

November 29, 2021
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Australia – Townsville to become a renewable hydrogen powerhouse, MoU to investigate feasibility of exporting hydrogen through the port.

Townsville’s bid to become a renewable hydrogen powerhouse has been strengthened with the signing of another Memorandum of Understanding (MoU) to investigate the process and feasibility of exporting hydrogen through the city’s Port.

• Replacing Carbon Fuel With Nitrogen: Chemists Discover New Way To Harness Energy From Ammonia

The Weekly JMP Report

November 22, 2021
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A research team at the University of Wisconsin–Madison has identified a new way to convert ammonia to nitrogen gas through a process that could be a step toward ammonia replacing carbon-based fuels.

The discovery of this technique, which uses a metal catalyst and releases, rather than requires, energy, was reported on November 8, 2021, in Nature Chemistry and has received a provisional patent from the Wisconsin Alumni Research Foundation.