Latest Oil And Gas Services News

SRJ Technologies’ subsidiary ACE has landed two advanced inspection contracts worth a combined £235k with a leading global energy supermajor, reinforcing its foothold in offshore asset integrity services.

SRJ Technologies’ UAE subsidiary has landed a US$879k contract to manage a major controls upgrade for a Middle Eastern National Oil Company, marking a key step in its regional expansion.

AJ Lucas Group Limited has reported a sharp decline in its financial results for FY2025, with revenue down 8.5% and a net loss soaring to $15 million. The company also recorded a significant drop in EBITDA and profit before interest and tax, signaling tough times ahead.

The ACCC has approved Cleanaway’s acquisition of Contract Resources, finding no significant threat to competition in Australia’s industrial and waste management sectors. The decision highlights the resilience of competition, especially in the oil and gas services market.

AJ Lucas Group has extended and increased its senior debt facility to $50 million, fully repaid its junior loan, and secured a shareholder loan extension with lower interest rates, positioning the company for reduced financing costs and future growth.

AJ Lucas Group Limited has secured a short-term extension on its debt maturities as it advances refinancing negotiations, signaling cautious optimism for its financial restructuring.

Hydrocarbon Dynamics secures a $165,000 repeat order from Dubai and closes a rights issue raising $808,582, while advancing multiple global trials of its HCD Multi-Flow product.