DOF Subsea has purchased the remaining shares in Canadian Subsea Shipping Co. Before the transaction, DOF Subsea owned 45 % of the shares in the company. Canadian Subsea Shipping Co. has a newbuild vessel under construction at Vard Group in Norway.
Ithaca Energy shareholders have approved a proposed takeover bid from Delek Group that will expand the Israeli company's presence in the North Sea. Image from Delek Grou According to Ithaca…
Subsea 7 has taken over Seaway Heavy Lifting following the purchase of 50% stake from K&S Baltic Offshore (Cyprus) Ltd., in a move that will increase its position in the renewables, heavy lifting and decommissioning markets. Image…
Dutch maritime transport firm Boskalis has dropped its stake in fellow Netherlands-headquartered firm Fugro down to 9.38%, the company announced today (13 December). The news is likely welcomed by Fugro, which has been at odds with Boskalis…
Australia's AWE rejected an unsolicited US$309 million (AU$420 million) takeover bid from US private equity group Lone Star Japan Acquisitions. Lone Star's proposal was to acquire all of the shares in AWE for a cash consideration of $0…
Oil Services giant Schlumberger has completed its US$14.8 billion merger with rival Cameron International, less than a year after the deal was proposed. Schlumberger CEO Paal Kobsgaard, image from Schlumberger…
Schlumberger is adding to its list of takeovers with the announcement of the acquisition of Meta Downhole, a UK-based engineering and service company that offers technology and expertise to provide downhole metal-to-metal isolation solutions in well integrity applications…
The European Union (EU) is delaying Halliburton’s US$34.6 billion pending takeover of Baker Hughes once again, after not receiving key data about the deal, the European Commission (EC) said in a statement. Image from Halliburton…
Schlumberger has received approval from the European Commission (EU) for the US$14.8 billion takeover of Cameron International, after the EU concluded that the proposed acquisition would raise no competition concerns. Schlumberger…
Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult…
Shipping and offshore specialist law firm Wikborg Rein says current low oil prices could mean there are bargains to be had for investors in the offshore sector who follow recommended procedures for assessing and acquiring distressed companies…
Shell's US$70 million BG Group merger deal has finally been approved by the Australia's Foreign Investment Review Board. The move had been delayed from mid-September to November by the Australian Australian Competition and Consumer Commission…
US-based independent Apache has rejected a recent takeover bid, said to be worth US$18 billion, according to Bloomberg. But the company is now working with Goldman Sachs on a defense strategy. On 9 November, analyst firm Simmons & Co…
Oil services giant Schlumberger is pulling the plug on its proposed US$1.7 billion acquisition of Russian drilling contractor Eurasia Drilling Co. (EDC) to focus on other merger and acquisition (M&A) opportunities. The…
The shareholders of Norwegian driller Northern Offshore approved a takeover deal by China's Shangdong Offshore. The acquisition will be done by amalgamation according to the law of Bermuda for US$0.96 per share, valuing Northern at $164…
Subscribe
