Mergers & Acquisitions News

 

UK CMA Says Noble Corp, Maersk Drilling Proposal Could Alleviate Competition Concerns over Merger

May 09, 2022

Offshore drilling contractors Noble Corporation and Maersk Drilling are making progress with regards to the completion of their proposed merger transaction, as the UK Competition and Markets Authority said Monday it might accept the two companies' proposed solution to alleviate competition concerns.Namely, the CMA said in April it had found that the Noble Corp. and Maersk Drilling merger could increase operating costs for oil and gas producers in the UK North Sea…

Woodside Shareholders Vote in Favor of Merger with BHP's Oil and Gas Business

6 hours ago

Australian oil and gas company Woodside said that its shareholders voted to approve the proposed merger with BHP's oil and gas business at its Annual General Meeting on Thursday, with 98.66% of the votes in favor of the merger.'All conditions…

Helix Energy Solutions to Buy Alliance Companies to Boost Presence in Gulf of Mexico Decommissioning Space

May 17, 2022

U.S.-based offshore oil and gas services firm  Helix Energy Solutions Group is set to buy equity interests of Louisiana-baed Alliance group of companies for $120 million cash at closing, plus the potential for post-closing earnout consideration…

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

May 17, 2022

Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…

Well Integrity and P&A: HydraWell and READ Agree to Merge

May 16, 2022

Norway's HydraWell and UK-based READ have agreed to merge to create a well integrity specialist focused on late-life oilfield activities, including permanent plugging and abandonment of hydrocarbon wells.According to a statement issued Monday…

Philippines' Udenna Open to Deals after Report Owner Eyeing Asset Sales

May 13, 2022

Philippine conglomerate Udenna Corp is open to exploring potential deals, its president said on Friday, after a report that its tycoon owner was considering selling businesses collectively worth several billion dollars.Dennis Uy, whose business…

Noble Corp. Shareholders Approve Merger with Maersk Drilling

May 11, 2022

Shareholders of offshore drilling company Noble Corporation have approved the company's proposed plan to merge with the Danish offshore drilling firm Maersk Drilling.'...at the Extraordinary General Meeting of shareholders held today, shareholders…

Equinor Sells Stakes in Greater Ekofisk Area, Martin Linge Field to Sval Energi for $1 Billion

May 10, 2022

Norwegian oil and gas company Equinor has agreed to sell its non-operated share in the Greater Ekofisk Area and a minority share in the Martin Linge offshore field, both offshore Norway, to Sval Energi for $1 billion in cash, plus contingent payments linked to oil and gas prices in 2022 and 2023…

Marco Polo Marine Wraps Buy of Taiwan-based PKR Offshore

May 06, 2022

Singapore-listed offshore services provider Marco Polo Marine has completed the acquisition of the offshore renewables service firm PKR Offshore.Marco Polo bought the Taiwan-based company through its 49% owned joint venture company, Oceanic Crown Offshore Marine Services Ltd…

Standard ETC Buys 25% Stake in Dolphin Drilling

May 06, 2022

Standard ETC, an Oslo-listed company previously known as Standard Drilling, has acquired 25% in offshore drilling operator Dolphin Drilling for USD 10 million through an equity issue.Martin Nes, Chairman of the Board of Directors of Standard…

SRJ's Proposed Acquisition of STATS Falls Through

May 03, 2022

ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…

Aker BP, Lundin Energy Merger Gets All Necessary Approvals

May 02, 2022

All the necessary approvals have been granted for the proposed merger between the Norwegian oil firm Aker BP and Sweden-based Lundin Energy's oil and exploration and production business. Aker BP said in December 2021 it had agreed to acquire Lundin Energy's oil and gas business…

Offshore Rig Builders Keppel O&M and Sembcorp Marine Set to Combine

Apr 27, 2022

Singapore's Sembcorp Marine (Sembmarine) has agreed to a multi-billion dollar merger with Keppel Corp's larger offshore and marine unit, a year after the Temasek-backed firms began deal talks to cope with an industry downturn.The loss-making…

Tidewater Completes Swire Pacific Offshore Acquisition

Apr 22, 2022

U.S.-headquartered offshore support vessels (OSV) owner Tidewater Inc. on Friday announced it has completed its acquisition of Singapore's Swire Pacific Offshore Holdings Limited (SPO), creating the industry’s largest OSV fleet.The $190 million transaction adds 50 vessels to the Tidewater fleet…

Maersk Drilling, Noble Corp. Merger Raises Competition Concerns in UK

Apr 22, 2022

The proposed merger between offshore drilling contractors Noble Corporation and Maersk Drilling has raised competition concerns in the UK as the UK Competition and Markets Authority (CMA) has found that the merger could increase operating costs for oil and gas producers in the UK North Sea…

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