Mergers & Acquisitions News

 

Deepsea Technologies Acquires AF Global UK

Jul 05, 2022

Houston-based Deepsea Technologies, Inc. (DTI) on Tuesday announced it has acquire a 100% share AF Global UK Ltd. (AFGUK), the subsea division of AFG Holdings Corporation. The company will now operate under the name Deepsea Technologies UK Ltd…

Gulf of Mexico: Helix Energy Solutions Buys Alliance Group of Companies

Jul 05, 2022

U.S. based offshore well services company Helix Energy Solutions Group has finalized the previously announced acquisition of the Alliance group of companies, bolstering its decommissioning footprint in the Gulf of Mexico.Alliance is a Louisiana…

Norway's OSM Maritime Buys New Zealand's Kingston Offshore Services

Jul 05, 2022

Norway's offshore and maritime services provider OSM Maritime (OSM) has bought New Zealand’s oil and gas and offshore marine service firm Kingston Offshore Services. 'The acquisition was completed on June 30th and aims to further strengthen OSM’s current operations and services in Oceania…

THREE60 Energy Buys Fraser Well Management

Jul 05, 2022

UK-based energy services firm THREE60 Energy has acquired well and pipeline operator and well management specialist, Fraser Well Management.'The acquisition leads THREE60 Energy to become one of only two companies that can undertake the role as outsourced duty holder (installation operator)…

Ithaca Energy Wraps Siccar Point Energy Buy

Jul 04, 2022

Ithaca Energy has completed the previously announced acquisition of the UK North Sea focused oil and gas company Siccar Point Energy.The proposed acquisition was first announced in April, when it was said that Ithaca would pay for $1.1 billion…

Aker BP Takes Over Lundin Energy's Oil and Gas Business

Jul 01, 2022

Norwegian oil and gas company Aker BP has taken over Lundin Energy's oil and gas operations, creating the second largest operating oil and gas company on the Norwegian continental shelf.Aker BP said in December 2021 it had agreed to acquire Lundin Energy's oil and gas business…

Seismic Firm TGS Launches Takeover Offer for OBN Specialist Magseis Fairfield

Jun 29, 2022

Norwegian seismic data acquisition and processing company TGS is set to acquire all shares of the Norwegian ocean bottom node survey specialist Magseis Fairfield.TGS will put forward a voluntary exchange offer to acquire all shares of Magseis…

Noble Corp. Finds Buyer for Five North Sea Rigs, Paving Way for Maersk Drilling Merger Completion

Jun 23, 2022

Noble Corporation has found a buyer for five jack-up rigs in a move that could alleviate concerns raised by the UK Competition and Markets Authority.Namely, the CMA said in April it had found that Noble Corp. and Maersk Drilling merger - first…

MMA Offshore to Buy Rigs-to-Reefs Specialist Subcon for $8.4M

Jun 23, 2022

Australian offshore support vessel owner MMA Offshore has agreed to buy Perth-based Subcon, a company that provides innovative stabilization, coastal erosion, and engineered reef solutions to the oil and gas, offshore wind, coastal infrastructure…

Perenco to Take Over New Age's Stake in Etinde Permit, Offshore Cameroon

Jun 07, 2022

Oil and gas company New Age the operator of the Etinde license offshore Cameroon has signed a definitive conditional agreement to transfer all of New Age's participating interests in the Etinde permit, and operatorship of the Etinde JV. This is according to Bowleven…

Reuters: Repsol in Talks to Sell 25% of Oil and Gas Unit to EIG

Jun 07, 2022

EIG Global Energy Partners is in early discussions with Repsol to buy a slice of the Spanish company's oil and gas exploration and production business, three sources with knowledge of the matter told Reuters.The U.S. fund is seeking to purchase up to 25% of Repsol's so-called upstream business…

Boskalis Management Says HAL's Offer Not Unreasonable, But Also Not Convincing Enough

Jun 03, 2022

Dutch marine services and dredging firm Boskalis said Friday that the price proposed by HAL Holding for the acquisition of all remaining shares of Boskalis wasn't unreasonable, but also not sufficiently convincing to recommend the price to its shareholders…

Sval Energi Buys Spirit Energy Norway

Jun 01, 2022

Norwegian oil company Sval Energi has completed the acquisition of Spirit Energy Norway from Centrica.The USD 1,026 million Spirit Energy Norway acquisition closed May 31, with January 1 2021 as the commercial effective date. The acquisition includes 45 licenses (6 operated)…

Woodside Energy, BHP Petroleum Merger Complete

Jun 01, 2022

Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…

Tullow Oil to Buy Capricorn Energy in Deal Valued $826.7M

Jun 01, 2022

Tullow Oil will acquire Capricorn Energy in an all-stock deal worth 656.9 million pounds ($826.7 million), keeping a focus on African reserves amid soaring energy prices.Investors in Capricorn, formerly known as Cairn Energy, will receive 3…

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