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…
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…
US oil major Chevron has stated that it will not make a counter proposal for Anadarko Petroleum, following Occidental's counter bid. Chevron said that: 'Under the terms of its previously announced merger agreement with Anadarko Petroleum Corporation…
Anadarko Petroleum Corp’s board on Monday backed a US$38 billion bid from Occidental Petroleum Corp, adding pressure on rival Chevron Corp to raise its offer or walk away from the takeover contest.The decision capped a series of moves by Occidental…
Norway-based Songa Bulk AS, an investment vehicle established to invest in dry bulk assets, has made an agreement to merge with company Axxis Geo Solutions (AGS).Per deal, Songa Bulk will assume the assets, rights and obligations of the Houston…
Marine and oil and gas services provider James Fisher and Sons (JFS) is expanding its footprint in the Middle East offshore market acquiring service provider Murjan Al-Sharq Marine Contracting LLC (MSMC) in Saudi Arabia.MSMC is an established service provider based in Saudi Arabia…
Energy XXI Gulf Coast (EGC) has reached an agreement with the drilling and exploration services company Cox Oil to extend the required closing date for their planned merger to Oct. 17.Houston-headquarteredexploration and production company EGC…
McDermott International and CB&I today (18 December) unveiled plans to combine in an all-stock transaction valued at US$6 billion. McDermott's DB 50. The companies say the merger will create…
Just months after GE and Baker Hughes completed their high-profile merger in July this year, GE's new CEO John Flannery has told investors on 13 November that the company is looking at its exit options regarding the newly combined business…
A new outfit being created by the merger of Centrica's oil and gas division and Bayerngas Norge is to be called Spirit Energy, Centrica said today. Centrica will hold 69% in the new company, while Bayerngas Norway's owners will hold the remaining 31%…
GE Oil & Gas and Baker Hughes today (3 July) completed their planned merger, which will create an entity that offers GE’s digital solutions and Baker Hughes domain expertise as oilfield services provider. Source…
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