ADNOC and SNF have signed an agreement to evaluate expanded enhanced oil recovery (EOR) activity in the UAE, including potential local manufacturing of EOR chemicals and additional polymer flooding applications.
French specialty chemicals producer SNF has agreed to acquire PfP Industries and Ace Fluid Solutions, two oil and gas fluids firms based in Texas, USA. The strategic acquisitions, SNP said, expands its offerings for the company’s upstream oil and gas customers. Financial terms of the transactions were not disclosed.