Join our community of traders FOR FREE!

  • Learn
  • Improve yourself
  • Get Rewards
Learn More

Expro Group Holdings (NYSE: XPRO) said on Monday that it had secured a contract valued at more than $10 million to provide a well decommissioning solution.

The solution combines subsea safety systems and surface processing design to allow for both safe entry to the well and effective well fluids management.

“Having been involved in the development phase for many of these fields, we have gained a life of well experience that will be invaluable for this P&A campaign. Our expertise and know how will help deliver key technical and commercial benefits for the client across the project,” Iain Farley, Expro’s Regional Vice President for Europe and Sub-Saharan Africa, said in a press release.

“The contract reinforces our reputation as the leading provider of subsea safety systems and surface well test equipment, including within the P&A sector. It demonstrates our commitment to delivering best-in-class equipment, allied with the highest standards of safety and service quality that Expro is renowned for.”

Stock Performance

The shares of Expro Group Holdings N.V. (XPRO) closed 0.63% ($0.07) lower at $11.05 in New York on Monday, as they extended the losses from the previous three market sessions.

It has been the lowest closing price for the stock since August 4th 2022.

The company’s total market cap now stands at $1.298 billion.

The shares of Expro Group Holdings N.V. (XPRO) went down 12.19% in 2023, compared with a 10.99% gain for the benchmark index, NYSE Composite (NYA).

The company’s shares have lost another 30.59% so far this year.

TradingPedia.com is a financial media specialized in providing daily news and education covering Forex, equities and commodities. Our academies for traders cover Forex, Price Action and Social Trading.

Related News

  • Commodities trading outlook: Crude oil and natural gas futuresCommodities trading outlook: Crude oil and natural gas futures Brent remained near $110 per barrel during midday trading in Europe, supported by Ukraine, while West Texas Intermediate made slight gains. Natural gas rallied on expected higher fuel consumption in the US, with both heating and cooling demand […]
  • Market observations for November 9th, Stocks to watch The three basic indices reached new record his yesterday with another encouraging factor, besides the brilliant massive corporate Q3 results and the favorable macroeconomic data released, including the employment situation. The S&P’s 8th […]
  • Forex Market: CAD/CHF trading forecast for MondayForex Market: CAD/CHF trading forecast for Monday During Friday’s trading session CAD/CHF traded within the range of 0.8237-0.8324 and closed at 0.8252, (the pairs weakest since June 19th) losing 0.76% and a 0.58% for the week.Fundamental viewCanadaAnnualized number of housing […]
  • China FDI drops 27.9% YoY in January to NovemberChina FDI drops 27.9% YoY in January to November Foreign direct investment in China decreased 27.9% year-on-year to CNY 749.7 billion in the period January to November 2024, data by the Ministry of Commerce of the People’s Republic of China showed.That compares with a 29.8% YoY slump in […]
  • Gold trading outlook: futures extend Fed momentumGold trading outlook: futures extend Fed momentum Gold edged up on Friday to trade near a two-week high as investors regained some confidence in the metal after the Federal Reserve indicated a slower pace of interest rate hikes.Comex gold for delivery in April was up 0.13% at $1 170.5 per […]
  • XRP Stays Above $2.00, but Liquidity Concerns Cloud OutlookXRP Stays Above $2.00, but Liquidity Concerns Cloud Outlook Key momentsActive XRP addresses plummet from 530,000 to 123,000, indicating a sharp decline in investor participation. XRP holds above $2.00, with $2.14 acting as a crucial support level despite a 22% correction. XRP faces resistance […]