Spain’s Repsol is rolling out a new organizational structure following the acquisition of Canadian oil company Talisman Energy that places Repsol as one of the world’s largest private oil companies. Imaz…
Shell takeover target BG Group has continued a dry exploration run offshore Norway with its latest exploration well near the Knarr field. The 34/3-5 well, on production license 373 S, in 403m water depth, was drilled about 5km southeast of Knarr in the Northern North Sea…
Royal Boskalis Westminster N.V. (Boskalis) increased its stake in Fugro to 25.1%, just four months after acquiring 14.8% in the company. Image from Boskalis. In a statement, Boskalis…
The Neon Energy board is moving forward with the “superior proposal” from Evoworld and calling off its merger plans with MEO Australia. Image from Neon. Neon entered into a bid implementation agreement (BIA) with Evoworld on 19 December…
Following Netherlands-based Royal Boskalis Westminster’s acquisition of 14.8% stake in Fugro on Friday, Fugro reaffirmed the company’s intent to stay independent on Monday, 10 November. “Fugro highly values its position as the world leading…
Luxembourg-based investment firm JACCAR Holdings has made a takeover bid for French offshore vessel owner Bourbon. JACCAR, the private, maritime sector-focused, investment company of Jacques de Chateauvieux, Bourbon’s chairman, already directly owns 26…
Bergen Group Hanøytangen is in takeover talks with the owners of Norwegian decommissioning firm Scanmet AS. Bergen Group says Scanmet AS is among the oldest and most experienced companies in Norway that carry out decommissioning of oil installations in the North Sea…
Dana Petroleum’s Marcus Richards is stepping down as group chief executive after three years. Graham Scotton, chief operating officer will become the company’s acting group chief executive immediately. Richards joined the company following…
Directors of Aberdeen-based Bridge Energy have approved a £103 million takeover bid from Norway’s Spike Exploration. The deal would see Spike acquire the entire issued share capital of Bridge Energy at a premium of about 41% to Bridge’s share price on its last trading day…
Directors of Aberdeen-based independent oil exploration and production company Bridge Energy have recommended the approval of a £103 million takeover bid from Norway’s Spike Exploration. The deal would see Spike Exploration acquire the…
Robbins & Myers accepted NOV’s US$2.5 billion takeover bid. Shareholders will receive $60/share. The transaction transforms the engineered equipment and systems supply firm into a wholly-owned NOV subsidiary. The merger remains subject to approval by US and Canadian regulators.
Dredging company Boskalis launched a takeover of Dutch marine contractors Dockwise, acquiring a 33% stake in the company. The acquisition is backed by Dockwise shareholder HAL Investments, which holds 32% outstanding shares. Dockwise has not yet accepted Boskalis’ buyout offer of E18…
Prime Minister Stephen HarperCanada grants approval for Nexen, Progress grabsThe Canadian government announced on Friday that it would approve two controversial investments in local firms by foreign state-owned companies.Minister of Industry…
Boskalis plants flag in Dockwise takeoverDockwise dissatisfied with $884 million offer. Dockwise's board of directors have announced that it is dissatisfied with an $884 million offer by Dutch dredging company Boskalis.Shareholders…
Boskalis plants flag in Dockwise takeoverDutch dredging company Boskalis has launched a takeover of Dutch marine contractors Dockwise; the company announced its intentions on 26 November 2012.On Monday, Boskalis offered the company $884 million…
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