Serica Energy plc (AIM: SQZ) appoints Chris Cox as CEO, effective 1 July 2024. David Latin will cease his interim CEO role at the same time. Chris Cox, with over forty years of oil and gas experience, brings a wealth of knowledge and leadership to Serica Energy. Key Appointment to Boost Serica Energy’s Strategic Ambitions […]
Touchstone Exploration has entered into a definitive agreement to acquire Trinity Exploration and Production in an all-stock transaction valued at approximately $30.1 million. This deal represents a strategic move to enhance Touchstone’s operational scale and resource base in Trinidad and Tobago, where both companies are significantly engaged in crude oil exploration, development, and production. Details […]
OKEA ASA (OSE: OKEA), in a strategic collaboration with its partners, has officially announced the final investment decision (FID) for the Brasse development, marking a significant milestone in North Sea oil exploration. Located just 13 kilometers south of the Brage field, the Brasse development is poised to be a key player in the energy sector, […]
James Fisher and Sons plc (“James Fisher”) has officially announced the divestiture of its subsidiary, RMSpumptools Limited (“RMS”), to ChampionX UK Limited, a subsidiary of ChampionX Corporation (“ChampionX”), for an enterprise value of £90 million. This transaction is pivotal for James Fisher, signifying a strategic refocus on its core sectors within the energy, defence, and […]
In a landmark move for the oil and gas sector, Dril-Quip, Inc. (NYSE: DRQ), a premier developer, manufacturer, and service provider for the offshore and onshore oil and gas industry, has entered into a definitive agreement with Innovex Downhole Solutions, Inc., a leading global provider of technologies and services for the well lifecycle. This all-stock […]
In a significant development for the oil and gas industry, Equinor, on behalf of its partners, has announced the extension of contracts with Archer AS, KCA Deutag Drilling Norway AS, and Odfjell Operations AS. This extension, worth an estimated NOK 18.4 billion, spans four years and is set to provide jobs for approximately 2,000 people […]