Drilling & production - 26 July 2022

ZMI strengthens its leading position in the offshore marine services sector through a trade sale to ADNOC

Tuesday 26 July 2022 14:00

ZMI Holdings has announced that ADNOC Logistics & Services), the shipping and maritime logistics arm of ADNOC Group, has entered into definitive agreement to acquire ZMI. The transaction is subject to customary regulatory approvals and is expected to close in 4Q22.

Shell invests in the Jackdaw gas field in the UK North Sea

Tuesday 26 July 2022 08:42

The project is expected to come online in the mid-2020s, and at peak production rates, could represent over 6% of projected UK North Sea gas production in the middle of this decade, with operational emissions of less than 1% of the whole UK basin.