Finance News

Equinor delivered adjusted earnings* of USD 17.6 billion and USD 5.00 billion after tax in the second quarter of 2022. Net operating income was USD 17.7 billion and the net income was reported at USD 6.76 billion.

VAALCO Energy, Inc. (NYSE: EGY; LSE: EGY) (“VAALCO”) and TransGlobe Energy Corporation (TSX: TGL; NASDAQ: TGA; AIM: TGL) ("TransGlobe") (VAALCO and TransGlobe together, the “Combined Company”) announced today that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”) pursuant to which VAALCO will acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million (the “Transaction”).

More than 1800 suppliers in over 250 business sectors in 152 Norwegian municipalities delivered goods and services to the operation of Equinor’s fields on the Norwegian continental shelf (NCS) and onshore facilities in 2021. The value of the deliveries exceeds NOK 70 billion, representing close to 60 000 man-years in Norway, according to a new report by Bodø Science Park (KPB).

Pipeline Technique (PTL), a market leader in the onshore and offshore infrastructure welding, coating, and technological engineering sector, has today completed its transformational acquisition of a trio of industry-leading energy infrastructure businesses from Stanley Black & Decker. This marks the second acquisition of 2022 for PTL – in April, the company acquired Global Project Services.

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