Company Updates

Equinor has signed an agreement to buy a 100% stake in the US based battery storage developer East Point Energy LLC. The acquisition supports Equinor’s ambition to be a leading company in the energy transition and provides a platform for broadening our energy offerings in the US.

THREE60 Energy, a leading independent energy service company offering complete asset life cycle solutions, has acquired well and pipeline operator and well management specialist, Fraser Well Management, broadening and strengthening the company’s wells credentials.

Speedcast, a leading global communications and network service provider, announces the appointment of Andres Angelani to its Board of Directors. The board addition is part of Speedcast’s continued focus on software-defined network solutions across the energy, enterprise, and commercial and passenger maritime markets it serves.

ABL Group ASA has entered into an agreement to acquire 100 percent of the shares in energy and engineering consultancy Add Energy. The acquisition broadens ABL Group’s service offering, enhances services in the opex phase and gains entry into digital optimisation, carbon storage and energy efficiency services that are crucial to the energy transition.

Oxford Flow, a flow control equipment specialist for oil, gas, industrial process and water industries has launched the latest version of its revolutionary gas pressure regulator, the IM-S valve, offering best-in-class resiliency, ongoing security of gas supply and seamless future-proofing for operators in the gas distribution, power generation, industrial gas and oil and gas sectors.

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