VideoWhat does Ethiopia's Tigray crisis mean for the region? InfraStrata: Harland and Wolff's new owner . What does Ethiopia's Tigray crisis mean for the region? 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InfraStrata plc (AIM: INFA) is a London Stock Exchange-listed firm focused on the development, commercialisation and operation of advanced high-value strategic … Harland and Wolff: Belfast shipyard bought by UK firm, What does Ethiopia's Tigray crisis mean for the region? InfraStrata plc (AIM: INFA), the UK quoted company focused on strategic infrastructure projects, is pleased to provide an update in relation to its proposed acquisition of the principal assets of Harland & Wolff (the 'Assets'), further to the heads of terms agreement entered into … .css-14iz86j-BoldText{font-weight:bold;}Belfast's Harland and Wolff shipyard, best known for building the Titanic, has a new owner. The firm was once known as Portland Gas plc but it adopted its current name in December 2009, almost two years after demerging from Egdon Resources - an onshore-focused oil and gas exploration and production business. The BBC is not responsible for the content of external sites. It claims it would provide more than 25% of the UK's natural gas storage capacity. This strategic acquisition enables InfraStrata to realise synergies on its existing Islandmagee project given its neighbouring location some 24NM away and the extensive fabrication facilities at Harland & Wolff. As Appledore shares a similarly rich maritime history with Belfast, both shipyards will be working together, it made sense to explicitly link … Having completed a strategic review of the facilities post acquisition it is clear that Harland & Wolff can be utilised in adjacent markets to our existing projects building on our overarching strategy of operating high value strategic infrastructure facilities. "I've got experience in shipyards, fabrication, oil and gas and defence," he said. Read about our approach to external linking. On Tuesday, .css-yidnqd-InlineLink:link{color:#3F3F42;}.css-yidnqd-InlineLink:visited{color:#696969;}.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{font-weight:bolder;border-bottom:1px solid #BABABA;-webkit-text-decoration:none;text-decoration:none;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{border-bottom-color:currentcolor;border-bottom-width:2px;color:#B80000;}@supports (text-underline-offset:0.25em){.css-yidnqd-InlineLink:link,.css-yidnqd-InlineLink:visited{border-bottom:none;-webkit-text-decoration:underline #BABABA;text-decoration:underline #BABABA;-webkit-text-decoration-thickness:1px;text-decoration-thickness:1px;-webkit-text-decoration-skip-ink:none;text-decoration-skip-ink:none;text-underline-offset:0.25em;}.css-yidnqd-InlineLink:link:hover,.css-yidnqd-InlineLink:visited:hover,.css-yidnqd-InlineLink:link:focus,.css-yidnqd-InlineLink:visited:focus{-webkit-text-decoration-color:currentcolor;text-decoration-color:currentcolor;-webkit-text-decoration-thickness:2px;text-decoration-thickness:2px;color:#B80000;}}London-based energy firm InfraStrata announced it had bought the business for £6m, saving 79 jobs. Harland and Wolff saved from closure The troubled history of Belfast's shipyard The company has been eyeing up another opportunity in Northern Ireland since 2015, but it has not yet come to fruition. Energy firm InfraStrata has completed its purchase of the Belfast shipyard Harland and Wolff. VideoWhat does Ethiopia's Tigray crisis mean for the region? There is an important caveat: The project does not have all the necessary planning approvals and also faces considerable local opposition on environmental grounds, reports BBC News NI's Agriculture and Environment correspondent, Conor Macauley. The mention of Belfast and Appledore refers to the Harland & Wolff shipyards in Belfast and England. The yard went into administration in August following the collapse of its Norwegian parent company. Islandmagee Energy Limited, the operating firm developing this project, is 100% owned by InfraStrata. The highly strategic shipyard, which will be known as Harland & Wolff (Appledore), is targeting five distinct sectors; defence, commercial, renewables, cruise & ferry and oil & gas. It initially plans to focus on metal fabrication for the Islandmagee and floating gas storage projects. It is also planning a separate, floating gas storage facility. A … Belfast shipyard Harland and Wolff has received a boost after parent company InfraStrata announced it will benefit from a new venture with a Spanish shipbuilder. Belfast's Harland and Wolff shipyard, best known for building the Titanic, has a new owner. They've hit the headlines for rescuing the Harland and Wolff shipyard, but how much do we know about UK based energy company InfraStrata? On the 5th December 2019 InfraStrata plc completed the acquisition of the assets of Harland & Wolff Shipyard in Belfast from the administrator. Read more in our Privacy & Cookies Policy. Globally, there is an estimated £6bn pipeline of opportunities over the next five years,” said John. .css-1hlxxic-PromoLink:link{color:inherit;}.css-1hlxxic-PromoLink:visited{color:#696969;}.css-1hlxxic-PromoLink:link,.css-1hlxxic-PromoLink:visited{-webkit-text-decoration:none;text-decoration:none;}.css-1hlxxic-PromoLink:link:hover,.css-1hlxxic-PromoLink:visited:hover,.css-1hlxxic-PromoLink:link:focus,.css-1hlxxic-PromoLink:visited:focus{color:#B80000;-webkit-text-decoration:underline;text-decoration:underline;}.css-1hlxxic-PromoLink:link::after,.css-1hlxxic-PromoLink:visited::after{content:'';position:absolute;top:0;right:0;bottom:0;left:0;z-index:2;}Harland and Wolff: Belfast shipyard bought by UK firm, Harland and Wolff: The troubled history of Belfast's shipyard, Sydney records hottest November night on record.