HAMILTON, BERMUDA: Seadrill Limited has entered into a binding Share Purchase Agreement (“SPA”) with subsidiaries of ADES Arabia Holding Ltd. to sell the legal entities that own and operate seven jack-ups in the Kingdom of Saudi Arabia. Upon completion of the Jack-up Sale, the AOD I, AOD II, AOD III, West Callisto, West Ariel, West…
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Scana to supply marine risers to drilling operations in West Africa
BERGEN, NORWAY: Scana-owned PSW Technology has signed an important agreement with Odfjell Drilling for the delivery of marine risers to operations in West Africa. The agreement involves rental of a complete riser package for a period of minimum 18 months. The risers will be used in its upcoming operations in West Africa. PSW’s work starts…
TotalEnergies selected to install 4,400 EV charging stations in Flanders
PARIS, FRANCE: On the recommendation of the Department of Mobility and Public Works of the Flemish Region, the Flemish government has tasked TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) with the installation and commercial operation of a charging service for electric vehicles in the West Flanders (Westhoek, Kortrijk and Bruges) and Flemish Brabant (Brussels Periphery, Leuven) regions. TotalEnergies…
Schlumberger, Aker Solutions and Subsea 7 create joint venture
LUXEMBOURG: Schlumberger, Aker Solutions and Subsea 7 announced an agreement to form a joint venture to deliver a step change in subsea production economics by helping customers unlock reserves, reduce time to first oil and lower development costs while simultaneously delivering on their decarbonization objectives. The proposed joint venture will comprise the subsea businesses of…
Saipem, Quantafuel cooperate in implementation of waste plastics recycling solutions
OSLO, NORWAY: Saipem and Quantafuel ASA have signed a Memorandum of Understanding (MoU) to collaborate in the industrialization and construction of waste plastics chemical recycling plants based on Quantafuel technology. This MoU positions Saipem to globally market and construct under Quantafuel technology license industrial plants specialised in pyrolysis. This thermochemical process converts solid plastic waste…
Northern Lights Project signs commercial agreement on cross-border CO2 transport and storage
PARIS, FRANCE: TotalEnergies announced the signing of a commercial agreement between Northern Lights and Yara to transport and store CO2 captured from Yara Sluiskil, an ammonia and fertilizer plant in the Netherlands. From early 2025, 800,000 tons of CO2 per year will be captured, compressed, and liquefied in the Netherlands and then transported to the…
Icape Holding acquires Denmark based MON PRINT
PARIS, FRANCE: Icape Holding, a global technology distributor of printed circuit boards, announced the acquisition of 100% of the shares in MON PRINT, a major supplier of PCB solutions in Denmark. The purchase price amounts to €0.7 million, and may be subject to additional payments depending on MON PRINT’s 2022 and 2023 results. In 2021,…
DNO finds oil at Ofelia
OSLO, NORWAY: DNO ASA, the Norwegian oil and gas operator, today confirmed an oil discovery on the Ofelia prospect in the Norwegian North Sea license PL929 in which the Company holds a 10 percent interest. The well encountered a 73-meter oil column in Lower Cretaceous Agat Formation sandstones of moderate to good reservoir quality. Preliminary…
Everfuel signs MoU with Karlstads Energi for establishing a hydrogen hub
HERNING, DENMARK: Everfuel A/S announced the signing of a Memorandum of Understanding (MoU) with Karlstads Energi for a collaboration on developing a hydrogen hub in Karlstad, Sweden. The two parties plan to explore the commercial and technical feasibility of constructing a 20 MW electrolysis facility as a first phase of the hub development. The facility…
Financial market solutions provider Infront to acquire Assetmax AG
OSLO, NORWAY: Infront AS has entered into an agreement for the acquisition of Assetmax AG. The acquisition represents an important milestone for Infront as the company further strengthens its product offering for wealth management customers across Europe. The transaction is expected to be completed by the end of September at the latest, subject to customary…
TotalEnergies, INPEX and Woodside join forces to develop a major offshore CO2 sequestration project
PARIS, FRANCE: The Bonaparte CCS Assessment joint venture between TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) (26%), INPEX (53%, Operator) and Woodside (21%) has been awarded a Greenhouse Gas Storage Assessment Permit, off the northwest coast of Australia, to carry out evaluation and appraisal work on block G-7-AP, which is considered a promising area for geological storage of…
Chargeurs acquires The Cambridge Satchel Company
PARIS, FRANCE: Chargeurs announced the completion of its acquisition of The Cambridge Satchel Company – Satchel – a reference British brand producing high-end, affordable leather goods. Created in 2008 by Julie Deane, CBE, Satchel designs, manufactures and distributes a range of high-end leather bags and satchels. Based in Cambridge, the company employs more than 60…