Technology

IFC invests in GAC Group to support oil operations in Africa

IFC, a member of the World Bank Group, has announced it is investing in the GAC Group to help the global shipping, logistics and marine services provider acquire new vessels to support offshore oil operations, spurring economic development and better employment opportunities in a number of emerging markets.

p>IFC, a member of the World Bank Group, has announced it is investing in the GAC Group to help the global shipping, logistics and marine services provider acquire new vessels to support offshore oil operations, spurring economic development and better employment opportunities in a number of emerging markets.

Carbo purchases FracPro software

CARBO Ceramics Inc. recently announced that it has purchased all the intellectual property rights and trademarks for Fracpro^® fracture design modeling software from the Gas Technology Institute.

p>CARBO Ceramics Inc. recently announced that it has purchased all the intellectual property rights and trademarks for Fracpro^® fracture design modeling software from the Gas Technology Institute.

Pinpoint stimulation rejuvenates abandoned reservoir

Multiple transverse fracturing technique in open hole allows development of a low permeability reservoir offshore Congo, doubling estimated vertical well performance.strong> Multiple transverse fracturing technique in open hole allows development of a low permeability reservoir offshore Congo, doubling estimated vertical well performance.

Egypt and Saudi plan oil spill exercise

Egypt and Saudi state oil giant Aramco are planning to launch an oil spill containment exercise in an Alexandria port in November, according to reports.

p>Egypt and Saudi state oil giant Aramco are planning to launch an oil spill containment exercise in an Alexandria port in November, according to reports.

Ezra wins $80mn Africa contract

Singapore-based marine services company Ezra Holdings said today it has won a new $80mn contract for delivery of an accommodation module to be deployed off Africa.

p>Singapore-based marine services company Ezra Holdings said today it has won a new $80mn contract for delivery of an accommodation module to be deployed off Africa.

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