Expro Bolsters Well Construction and Intervention Offer with Coretrax Buy
to occur in the second quarter of 2024. The acquisition of Coretrax will enable Expro to expand its portfolio of technology-enabled well construction and well intervention and integrity solutions, particularly across the North and Latin America, Europe and Sub-Saharan Africa and Middle East and North Africa regions.Building on Coretrax’s successful 15-year history, the acquisition will accelerate the availability of the company’s high value-adding tools by leveraging Expro’s global operating footprint. Within well construction, the combination of Coretrax’s technology
KATFISH Towed Sonar find niche in Defense, Offshore Energy
, be they subsea pipelines or multi-billion-dollar navy ships. The majority of mine-hunting vessels in service today are rapidly reaching end-of-life or becoming obsolete. Industry data highlights that of the more than 300 mine-hunting vessels in service in Europe, Asia-Pacific and the Middle East/North Africa, 70%+ are over 20 years old. In North America, the mine hunting fleet faces similar challenges. Most navies around the world are moving ahead or planning to move ahead with major technology renewals or replacements. With this industry upgrade cycle in progress, Kraken is well positioned to provide
Proserv Acquires Dron & Dickson's Abu Dhabi Business
Contracting (DDEC) LLC, for an undisclosed fee. DDEC is a UK-based specialist in the supply, assembly, and maintenance of hazardous areas and industrial electrical equipment."The deal reinforces and expands the breadth of offering and capability that Proserv delivers in the Middle East and North Africa, where it has multiple sites including in Abu Dhabi, Dubai, Doha and Dammam," Proserv said.DDEC provides electrical engineering services and Ex certified equipment (suitable for use in potentially explosive atmospheres). These products include in-house assembled Atex/IECEx approved junction
Polarcus Signs MOU with ARGAS
Marine geophysical company Polarcus said it has signed a Memorandum of Understanding with Arabian Geophysical and Surveying Company (ARGAS) to collaborate on seismic projects in the Middle East and NOrth Africa (MENA) region.Polarcus provides global marine seismic acquisition capabilities and cloud-based Priority Processing services. ARGAS provides regional expertise in land, transition zone and shallow water seismic data acquisition and associated data processing. Together, the firms will work to identify opportunities and execute projects in the MENA region.“Leveraging the core strengths and
NATO Uses IoT to Study the Oceans
, simplex transponder and motion sensor.NATO STO CMRE is conducting several studies in parallel. One, sponsored by the U.S. Office of Naval Research, is using SPOT Trace-equipped drifters to conduct oceanographic studies in the Alboran Sea in the Mediterranean, between the Iberian Peninsula and North Africa.In addition, CMRE’s own studies of drift movement in the seas of the Arctic will see buoys deployed in the Barents Sea, and further into Arctic waters, in Summer 2019.“The maritime areas in the High North are the new frontier for oceanographic study and more research is crucial. In
Ancient Shipwrecks Found in Greek Waters Tell Tale of Trade Routes
we now have a new story to tell of a navigational route that connected the ancient Mediterranean," Campbell told Reuters.The vessels and their contents paint a picture of ships carrying goods on routes from the Black Sea, Greece, Asia Minor, Italy, Spain, Sicily, Cyprus, the Levant, Egypt and north Africa.The team has raised more than 300 antiquities from the shipwrecks, particularly amphorae, giving archaeologists rare insight into where goods were being transported around the Mediterranean."Ninety percent of the shipwrecks that we found in the Fournoi archipelago carried a cargo of amphorae
CGG Names Baidoukov CFO
Yuri Baidoukov as Group CFO, effective September 1, 2018. He will be based in Paris and report to the Chief Executive Officer, Sophie Zurquiyah.Baidoukov brings to the role 25 years of international oil and gas industry experience. He is currently Group CFO at OiLSERV Group, a Middle East and North Africa Oilfield Services company. Prior to this, he was CFO of Maersk Oil US, and Group CFO of Integra Group, a CIS oilfield services company. Baidoukov spent 10 years of his career at Schlumberger in finance positions at the corporate and regional levels.Baidoukov holds an MBA degree from TRIUM Global
Xodus Delivers Tunisian Decommissioning study for TPS
abandonment strategy and site remediation in line with current industry best practice and in-country regulations. The study allows the joint venture partners to define their cost liabilities towards decommissioning as well as a timeline for the project. Xodus views Tunisia and North Africa as growing areas for decommissioning. Last year, the company delivered a similar scope of work for a large offshore complex in Tunisia. The company also performed a study of decommissioning procedures in Tunisia compared to the North Sea - understanding the regulatory regimes and execution
N-Sea Bags $56 Mln in International Contracts
. While our oil and gas IMR proposition remains strong, we see strong growth in other sectors and with a variety of new customers across our core European region. “In addition to our European activity, 2017 saw several exciting and significant new projects further afield, in North Africa, West Africa and the Middle East. We will continue to seek out further opportunities for export of our expertise.” The past two years have seen N-Sea extend core technology into a number of sectors and establish entities in Germany and the UAE. Strategic investment in people, equipment
February 2024
