Norwegian energy services giant Aker Solutions on Tuesday completed its previously announced merger with compatriot Kvaerner, and has pledged that the new company would work on speeding up the transition to sustainable energy production.'It…
Two Norwegian offshore energy services firms Aker Solutions and Kvaerner said Monday that all conditions had been met for their proposed merger to proceed.The two companies announced the proposed merger in June. Under the terms, Aker Solutions will absorb all the assets…
UK oil company Premier Oil's creditors have given their approval for the company's merger with rival Chrysaor, proposed in October.To remind, the two UK-based offshore oil and gas companies Premier Oil and Harbour-controlled Chrysaor agreed to merge in an all-stock transaction…
The proposed all-stock merger between Bahamas Petroleum Company and Columbus Energy Resources was sanctioned by the court on Wednesday, paving way for the merger execution. Bahamas Petroleum Company, an oil firm with exploration assets in the Bahamas…
Helicopter providers Bristow Group and Era Group have completed their previously proposed merger. The merged company now owns a fleet of more than 300 helicopters.In a joint statement on Thursday, the companies, providing helicopter services to the offshore energy industry…
Bahamas Petroleum Company, an oil firm with assets in the Bahamas, and as of recently offshore Uruguay, is set to merge with Trinidad-focused Columbus Energy Resources.The boards of directors of the two companies on Thursday said they had reached…
Offshore helicopter players Era and Bristow, which recently announced plans to merge, have skipped a hurdle towards the completion of the merger.Era said Tuesday that the waiting period for the proposed merger under the Hart-Scott-Rodino Antitrust Act ended on April 10…
Offshore accommodation rig providers Floatel and Prosafe have called off their proposed merger amid objections from competition regulators in Norway and the UK.The all-stock merger, proposed in June 2019, had promised to create the world’s largest offshore accommodation company with…
The proposed merger between Prosafe and Floatel, two of the largest offshore accommodation providers, has hit a stumbling block in the UK after an in-depth review by the competition authority said the deal 'raises competition concerns.'The two…
Offshore helicopter specialists Bristow and Era have entered into a definitive merger agreement.In a joint statement on Friday, Bristow and Era said the combination in an all-stock transaction would create 'a financially stronger company with enhanced size and diversification…
Norwegian accommodation services player Prosafe has filed an appeal against the Norwegian Competition Authority (NCA)’s rejection of its proposed merger with Swedish rival Floatel International.The merger would create the world's largest fleet of accommodation rigs - a North Sea giant…
Services firm Saipem is considering a merger with rival Subsea 7 in an effort to weather the prolonged industry downturn, Bloomberg reported, citing unnamed sources said to have knowledge of the matter.Commenting on unconfirmed reports, Audun Martinsen…
In both 2018 and the start of 2019, Harvey Gulf made no secret that they were exploring possible merger and acquisition opportunities. Their first major play was a merger proposal with fellow US owner GulfMark, who at the time was in discussions to merge with US OSV behemoth Tidewater…
Netherlands-based C-Ventus Offshore Windfarm Services BV has merged with 4SEAS BV to jointly service the offshore wind industry.All personnel and activities of 4SEAS, including ongoing projects and opportunity pipeline, will join, respectively be taken over by the new company…
The merger between oil and gas firms Wintershall Holding GmbH and Deutsche Erdoel AG (DEA) has been completed, creating the largest independent exploration and production company in Europe.Wintershall DEA will be headquartered in Hamburg, with activities across Europe…
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