The upstream sector accounted for the major mergers and acquisitions (M&A) in the global oil and gas industry in 2019, generating some high-value deals, according to GlobalData’s ‘M&A in Oil and Gas – 2020’
Industry
ROVOP unveils full in-house inspection services offering
ROVOP, the global subsea robotics specialist, has announced the addition of full in-house inspection services, which will complement the range of underwater robotics technologies
Corys Investments, Georg Fischer and Egypt Gas form JV for gas and water distribution market
Corys Investments LLC, the UAE family-owned business located in Dubai, has announced a joint venture (JV) with Georg Fischer (GF) Piping Systems and Egypt Gas to invest in a major production site for plastic pipes to participate in the soaring Egyptian gas and water distribution market
BPGIC signs land lease agreement with Fujairah Oil Industrial Zone
Brooge Petroleum and Gas Investment Company (BPGIC) has signed a new land lease agreement with Fujairah Oil Industrial Zone, which almost triples its land area in Fujairah in a firm step forward towards its major expansion plans
Equinor sets ambition to reduce net carbon intensity by 2050
Norwegian oil and gas major Equinor has launched a new climate roadmap aiming to ensure a competitive and resilient business model in the energy transition, fit for long term value creation and in line with the Paris Agreement