EMGS partners with Velocitas Geo Solutions for OBN seismic survey in Norway

OSLO, NORWAY: Electromagnetic Geoservices ASA has entered into an agreement for a fully pre-funded Ocean Bottom Node (OBN) seismic survey in the Barents Sea. This survey, which will be undertaken in collaboration with Velocitas Geo Solutions, marks EMGS’ first venture into seismic node projects. The survey, set to commence in the third quarter of 2024,…

Scatec ASA signs terms for renewable ammonia offtake from Egypt with Yara Clean Ammonia

OSLO: Scatec ASA, a leading renewable energy solutions provider, and its partners, ECHEM and MOPCO, have agreed on Heads of Terms for renewable ammonia offtake from Egypt with Yara Clean Ammonia, the world’s largest trader- and distributor of ammonia. Last year, Scatec, the Egyptian Petrochemicals Holding Company (ECHEM) and Misr Fertilizers Production Company (MOPCO) entered…

ACOMO N.V. agrees to acquire Caldic Food Service and Retail

ROTTERDAM: ACOMO N.V., the Euronext Amsterdam-listed diversified, plant-based food ingredients Group, reached agreement with Caldic on the acquisition of the Caldic Food Service and Retail nuts and dried fruit business in Northern Europe. The intended acquisition by Acomo will further strengthen the group’s Spices & Nuts segment and establish a stepping stone in the European…

TotalEnergies acquires an offshore exploration license

PARIS: TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) has signed an agreement to acquire a 60% interest and operatorship in Block STP02, offshore Sao Tome and Principe, from the Agência Nacional do Petroléo de S. Tomé e Principé (ANP-STP). The remaining interest will be held by the existing license holders, Sonangol (30%) and ANP-STP (10%). The transaction is…