Energy services provider Expro has entered into a definitive agreement to acquire Scotland-based well integrity and production optimization company Coretrax, from an investment group led by Buckthorn Partners, for a total consideration of approximately $210 million. By acquiring Coretrax, Expro said
According to a Ricardo study, commissioned by Transport & Environment (T&E), a European clean transport campaign group, the European Union (EU) should be cautious about relying on uncertain imports to meet its hydrogen targets. The study, made to assess the EU’s needs for hydrogen imports and evalua
Island Drilling is in the process of evaluating all legal recourse at its disposal to contest a recent rig contract termination.
This is an overview of some of the moves made over the week, so come away with us on a journey of the fossil energy market’s latest developments.
François Cornet d’Elzius, Ambassador of Belgium to Cairo, and Waleid Gamal El Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE) have met to discuss new aspects of cooperation, including green fuel projects. On February 7, SCZONE said it received d’Elzius within the fra
Altera Infrastructure has hired DOF Group to install a cylindrical FPSO vessel and a floating storage unit (FSO) offshore Côte d’Ivoire.
Borr Drilling has managed to extend existing and secure new assignments for three premium jack-up rigs in its fleet.
Trident Energy has decided to brake off the deal with Island Drilling for the 2012-built semi-sub rig, citing safety concerns.
Petrobras has come back to Africa’s oil and gas exploration playground, thanks to the acquisition of interests in three exploration blocks.
The duo is combining forces for participation in worldwide tendering activity, which entails EPC projects in the oil and gas arena.
Germany and Algeria have signed a declaration of intent to establish a bilateral hydrogen task force as part of their energy partnership. Furthermore, there are plans for a hydrogen pilot plant installation. According to the German Federal Ministry for Economic Affairs and Climate Action (BMWK), the
Tower Resources has secured a license extension of the first exploration period of a production-sharing contract (PSC) related to an asset offshore Cameroon.
