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
Valeura Energy has confirmed that a new mobile offshore production unit (MOPU) is on its way to the Gulf of Thailand.
Jadestone Energy has confirmed its participation in the bid process for Woodside’s participating interests in oil and gas assets off Western Australia.
Vår Energi has revised its timeline for the first oil from a field life extension project in the North Sea offshore Norway.
Brazilian state-owned oil and gas giant Petrobras has appointed a North Carolina-headquartered company to deliver a seal-less canned motor boosting system for its field in the Campos Basin with the aim of enabling reliable subsea production. Curtiss-Wright Corporation has signed a technology coopera
Island Drilling is in the process of evaluating all legal recourse at its disposal to contest a recent rig contract termination.
The Biden administration’s imposed pause on pending approvals of liquefied natural gas (LNG) exports is seen as a controversial move, which has brought the strife between Big Oil and climate campaigners to the fore.
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.
Altera Infrastructure has hired DOF Group to install a cylindrical FPSO vessel and a floating storage unit (FSO) offshore Côte d’Ivoire.
UK-based Baron Oil is set to kick off a site survey at a planned drilling location for an appraisal well on a gas field offshore Timor-Leste. SundaGas Banda Unipessoal, a wholly-owned subsidiary of Baron Oil, has entered into contracts to conduct a survey at the planned drilling location for the Chu
Borr Drilling has managed to extend existing and secure new assignments for three premium jack-up rigs in its fleet.
BW Offshore has tucked in new construction milestones for an FPSO, which is expected to be deployed on a gas field offshore Australia.
Norwegian authorities have handed out a drilling permit for an exploration well in the North Sea off Norway, which is expected to be spud this month using one of Odfjell Drilling-managed semi-submersible rigs.
MODEC has confirmed the start of the construction phase for an FPSO, which is destined to work on ExxonMobil’s oil development off Guyana.
