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The acquisition includes nine plants in Canada, Mexico, Norway, Indonesia, the UAE and the U.S., the release stated. Also included in the deal are several mobile concrete plants, Canadian and Norwegian R&D facilities and an IP/product portfolio.
According to the release, the deal includes an estimated working capital and $16.9 million in cash.
2023-12-13 - Magno joined Baker Hughes in 2010 and holds 20 years of management and legal experience.
2024-02-05 - Issues related to Venture Global LNG’s contract commitments and U.S. President Joe Biden’s recent decision to pause approvals of new U.S. liquefaction plants have raised questions about the reliability of the American LNG sector, according to Shell CEO Wael Sawan.
2024-01-31 - Helmerich & Payne’s revenue grew internationally and in North America but declined in the Gulf of Mexico compared to the previous quarter.
2024-02-15 - BP wants to boost its LNG portfolio to 25 mtpa by 2025 under a plan dubbed “25-by-25,” upping its portfolio by 9% compared to 2023, CEO Murray Auchincloss said during the company’s webcast with analysts.
2024-02-21 - Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.