Danfoss has officially finalised its US$3.3 billion acquisition of Eaton’s hydraulics business following confirmation of all necessary regulatory approvals and closing conditions
Danfoss completes US$3.3bn acquisition of Eaton’s hydraulics business
Exploration
Europa Oil & Gas farming out Inezgane Licence, North Africa
Europa Oil & Gas has announced the formal launch of the farmout initiative of its high-impact exploration opportunity, the Inezgane Offshore Permit, offshore Morocco in the Agadir Basin
SafeSTS develops green technology for ship-to-ship cargo transfers
SafeSTS has developed and patented a new ship-to-ship cargo transfer system for the Dynamic Positioning (DP) shuttle tankers sector
United Oil & Gas announces successful testing of Al-8 development well, onshore Egypt
AIM-listed United Oil & Gas has stated that the Al Jahraa-8 (AJ-8) development well in the Abu Sennan concession, onshore Egypt will be brought onto production from the Lower Bahriya reservoir in the coming days
Sonangol wins back stake in Portuguese oil and gas company
As a result of the International Arbitration Courts decision, Sonangol will be reinstated as sole shareholder (100%) of Esperaza Holdings BV, the Netherlands-based offshore company
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