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…
A consortium led by asset manager Commerz Real AG, WPD Invest, KGAL and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.Veja Mate offshore wind park in the North Sea is…
Danos announced Wednesday it has reached a tentative agreement to acquire the assets and business of fellow Louisiana-based oilfield service company Shamrock Energy Solutions.Danos said it expects the deal to be effective in March 2019, and…
Oil services firm Aker Solutions is considering whether to make acquisitions to boost its business, Chief Executive Luis Araujo told Reuters.'We are confident that we can go alone, but if opportunities appear to bring more value to our shareholders we will consider that…
Denmark’s Ørsted is selling a 50% stake in a portfolio of offshore wind assets to New England utility Eversource Energy, for about $225 million.'Ørsted and Eversource have been partners in the Massachusetts Bay State Wind offshore wind project and with this announcement…
Following “big consolidation activity” within the subsea industry in 2016 and 2017, slowed merger and acquisition action in 2018 has created challenges for the sector, according to Mike Beveridge, managing director at energy investment banking firm Simmons Energy…
The global energy services company has announced the acquisition of SGC Metering from Petrofac.SGC Metering is a specialist in the design and manufacture of flow computer metering systems for the oil and gas industry. It provides expertise right across the full life cycle of a metering project…
Australian company Talon Petroleum has agreed to buy 100% of EnCounter Oil in line with its target to scale-up its UK North Sea portfolio.The acquisition, which is for an undisclosed amount and subjected to shareholder approval, is more than doubling the size of Talo's North Sea portfolio…
Ophir Energy Plc said on Wednesday it has agreed to be bought out by Indonesian oil and gas group Medco for a sweetened bid of 390.6 million pounds ($511.02 million) in cash.The offer of 55 pence per Ophir share represents a 65.7 percent premium to Ophir's closing price on Dec…
Subsea technology company Rovco said it has formed an invested partnership with offshore engineering firm Global Marine Group (GMG) to bring intelligent inspection, repair and maintenance (IRM) solutions to the global offshore market.GMG, made up of three business units - Global Offshore…
Indonesian oil and gas group Medco Energi Internasional has been given more time to decide whether it will proceed with the proposed takeover of Ophir Energy, or not.“At the request of Ophir, the Takeover Panel has consented to an extension…
Santos Ltd, Australia's No. 2 independent gas producer, on Thursday said it expects 2019 production to rise by up to 32 percent boosted by the acquisition of Quadrant assets.The company expects to churn out 71 million to 78 million barrels of oil equivalent (mmboe) in 2019…
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…
Diversified marine and port services company TAMS Group has expanded outside of Western Australia with the acquisition of two Queensland-based marine services firms.TAMS announced Tuesday it has purchased marine services company MIPEC and diving-focused Taylored Offshore Services…
British-Dutch oil and gas company Royal Dutch Shell and Dutch pension fund manager PGGM are considering a joint bid for Dutch producer and supplier of natural gas Eneco, which is heavily invested in sustainable energy projects and worth an estimated USD 3…
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