International oilfield services company Expro has successfully completed an integrated Plug and Abandonment (P&A) contract valued at more than US$20mn for a subsidiary of PETRONAS, PC Mauritania 1 Pty Ltd (PCMPL), which manages offshore operations in Mauritania, West Africa
Industry
Impact Oil & Gas completes farm-out of Transkei & Algoa blocks offshore South Africa
Impact Oil & Gas, an Africa-focused exploration company, has completed the farm-out transaction between Impact Africa and BG International of a 50% working interest and operatorship in the Transkei & Algoa exploration right, offshore South Africa
Sonangol accelerates divestment and explores novel financing solutions
Angola’s national oil company Sonangol has responded to the changing global financial landscape by accelerating its restructuring programme and exploring new financial solutions
Aberdeen-based ZynQ 360 wins US$5mn contract
Aberdeen-headquartered software company ZynQ 360 is set to increase their headcount significantly following a series of global contract awards totalling in excess of US$5mn
ChampionX’s technologies support industry’s net-zero goals
ChampionX has unveiled three new solutions with an aim to address the oil and gas industry’s drive toward net-zero emissions targets, delivering substantial results for its customers in the first 12 months as well as carbon emissions reductions for the company