The Norwegian Competition Authority is considering blocking Prosafe's acquisition of its competitor Floatel International Ltd on the grounds that the combined firm would dominate its market, it said on Monday.The two companies are the only providers…
Oilfield products company Forum Energy Technologies said it has reached a deal to sell its aggregate 40% interest in subsea rentals company Ashtead Technology to Buckthorn Partners and other investors that currently own the majority of the equity interests in Ashtead…
Norwegian seismic player TGS-NOPEC Geophysical Company (TGS) has completed its acquisition of Spectrum, creating a global multi-client geophysical data provider.TGS first announced its intent to acquire Spectrum on 2 May 2019, said a press release from TGS…
Offshore drilling contractor Borr Drilling has launched the initial public offering (IPO) in the United States of 5 million of its common shares on July 29.The drilling company that operates 27 rigs said that the offering of common shares on…
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…
Ole Martin Grimsrud has been appointed Chief Financial Officer of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker on the same day.Grimsrud joined Aker Solutions in 2012 as Vice President…
Offshore helicopter services provider Bristow Group has named L. Don Miller as its new President and Chief Executive Officer and appointed him as a member of the Board of Directors.Miller, who was previously the company's Senior Vice President and Chief Financial Officer…
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…
Norwegian oil industry-focused investment firm Aker still sees mergers and acquisitions opportunities for its oil service firms, including Aker Solutions, its chief executive said on Thursday.Oeyvind Eriksen also told Reuters its independent oil firm Aker BP…
German energy group RWE AG announced that it has filed with the European Commission (EC) its planned acquisition of the renewable energy business of both E.on SE (ETR:EOAN) and Innogy SE.The landmark deal between German utilities Eon and RWE was signed in March 2018…
Wood Group has completed its 'transformational' US$2.7 billion acquisition of Amec Foster Wheeler. Image from Wood Group. Meanwhile, WorleyParsons has entered into a binding…
Ensco plc announced today (5 October) that Ensco shareholders voted to approve the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics in connection with the all-stock acquisition of Atwood at the company’s general meeting of shareholders today…
Wood Group’s proposed US$2.72 billion deal to takeover Amec Foster Wheeler is closer to completion following approval from the Mexican antitrust commission today (15 September). Watson. Image from Wood Group…
Ensco is set to acquire Atwood Oceanics in an all-stock transaction worth some US$839 million, creating a company with the largest jackup fleet in the world. Image from Ensco. Ensco…
VAALCO Energy has appointed Phil Patman as chief financial officer (CFO) effective 17 April 2017. Patman has over 20 years of experience in the oil, gas and other areas of the energy industry in key roles including finance, business development…
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