People, Companies and Products Archives - ��N��

Africa Energy announces corporate update

Editorial Assistant — Tue, 29 Apr 2025 15:06:22 +0000

Africa Energy hired Dr Phindile Masangane as Head of Strategy and Business Development. In addition, Dr Masangane will join the company’s Board of Directors, effective immediately. “We are pleased to have Phindile join our leadership group. She brings a significant amount of experience in the energy sector to our team, said Robert Nicolella, Africa Energy’s …

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Touchstone provides acquisition update

Editorial Assistant — Tue, 29 Apr 2025 15:02:21 +0000

Touchstone Exploration announced an update regarding the previously announced transaction to acquire the entire share capital of Shell Trinidad Central Block Limited (STCBL). The company’s wholly owned Trinidadian subsidiary signed a Share Purchase Agreement to acquire 100% of STCBL from a third party. STCBL holds a 65% operating working interest in the onshore Central block …

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NESR awarded $200 million in slickline contracts

Editorial Assistant — Tue, 29 Apr 2025 14:55:34 +0000

National Energy Services Reunited announced multiple, five-year Slickline contract awards in Kuwait and Oman. Totaling $200 million, the multiyear contracts represent new awards in a key growth service line within NESR’s Drilling & Evaluation (D&E) segment. Consistent with the expansion of evaluation services like cased hole wireline and surface well testing, these contracts underscore the …

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Devon Energy unveils value enhancing business optimization plan

Editorial Assistant — Tue, 22 Apr 2025 15:26:37 +0000

Devon Energy announced its business optimization plan to improve margins and capital efficiency, growing free cash flow generation and driving significant shareholder value. “Our organization has been diligently advancing this initiative and has already secured marketing agreements to drive a material margin improvement through year-end 2026,” said Clay Gaspar, president and CEO. “Concurrently, we have …

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EnviroKlean sells Completions division to Guide

Editorial Assistant — Tue, 22 Apr 2025 15:17:29 +0000

Guide Energy has acquired EK FracReady, EnviroKlean’s Completion division, and simultaneously entered into a strategic supply agreement that provides Guide with exclusive access to EnviroKlean’s proprietary EK One chemistry platform and EK FlowPro operating system for the completions market. The purchase includes EnviroKlean’s existing fleet of autonomous “frac-on-the-fly” mobile systems, along with an operating team …

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Vista announces acquisition of Petronas Argentina

Editorial Assistant — Tue, 22 Apr 2025 15:09:46 +0000

Vista Energy acquired 100% of the capital stock of Petronas E&P Argentina, which holds a 50% working interest in the La Amarga Chica unconventional concession (LACh), located in Vaca Muerta, Argentina. The remaining 50% of LACh is held by YPF, the operator of the concession. LACh spans across 46,594 acres in the black oil window …

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Atlas secures crewing deal for Noble semisubmersible in Suriname

Editorial Assistant — Tue, 22 Apr 2025 15:03:10 +0000

Noble Corp awarded Atlas Professionals a crew management contract to support the Noble Developer’s upcoming drilling campaign in Suriname. Under this agreement, Atlas will provide both junior and expatriate crew for the semisubmersible’s campaign, along with comprehensive logistics, training and immigration support, coordinated through its office in Paramaribo, Suriname. As part of this delivery, Atlas …

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TechnipFMC awarded iEPCI contract for Equinor’s Johan Sverdrup Phase 3 development

Editorial Assistant — Mon, 21 Apr 2025 14:26:06 +0000

TechnipFMC was awarded a large integrated Engineering, Procurement, Construction, and Installation (iEPCI) contract by Equinor for the Johan Sverdrup Phase 3 development in the Norwegian North Sea. The Johan Sverdrup field, which originally began production in 2019, is now one of the largest developments in the region. This latest phase will increase production by tying …

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Eni, YPF sign MoU for joint evaluation of Argentina LNG project

Editorial Assistant — Fri, 18 Apr 2025 14:28:23 +0000

Eni and YPF, the State Energy Company of the Republic of Argentina, signed a Memorandum of Understanding (MoU) to evaluate Eni’s participation in the Argentina LNG project, promoted by YPF. Argentina LNG is a large-scale upstream and midstream integrated gas development project, designed to develop the resources of the Vaca Muerta onshore gas field and …

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Vertice acquires GWE, expanding completion technology capabilities

Editorial Assistant — Thu, 17 Apr 2025 18:22:39 +0000

Vertice Oil Tools acquired Greenwell Engineering, expanding Vertice’s completions portfolio. The acquisition also enhances the company’s ability to support wireline service providers and E&P companies with innovative tools and integrated solutions, and broadens its presence across unconventional oil and gas markets. “The addition of Greenwell Engineering’s cutting-edge wireline solutions aligns seamlessly with our mission to …

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People, Companies and Products Archives - ���N����