A new outfit being created by the merger of Centrica's oil and gas division and Bayerngas Norge is to be called Spirit Energy, Centrica said today. Centrica will hold 69% in the new company, while Bayerngas Norway's owners will hold the remaining 31%…
Ensco and Atwood Oceanics have filed definitive proxy materials with the US Securities and Exchange Commission (SEC) for the proposed merger announced in late-May. Atwood Oceanics headquarters…
GE Oil & Gas and Baker Hughes today (3 July) completed their planned merger, which will create an entity that offers GE’s digital solutions and Baker Hughes domain expertise as oilfield services provider. Source…
Baker Hughes stockholders voted 99% to approve its merger with GE Oil & Gas, the company announced today (30 June). The company says that shares voted at the meeting represent approximately 86% of Baker Hughes' shares outstanding as of the record date for the meeting…
TechnipFMC is now operating as a unified, combined company following the completion of the US$13 billion merger of FMC Technologies and Technip. Image from TechnipFMC. Beyond today's pressures on the oil and gas industry…
Shareholders of both US-based underwater tech firm FMC Technologies and French engineering house Technip have voted to approve the proposed business combination of the two companies, the firms announced today (5 December). The merger was announced back in May…
Aker BP has completed the integration after the merger between Det norske oljeselskap and BP Norway. Aker BP now operates as one organization with considerable ambitions on the Norwegian Continental Shelf. “Aker BP has been through extensive integration work since we announced the merger…
FMC Technologies and Technip been cleared by the European Commission to go ahead with a merger. The firms are set to combine, with shareholders due to vote on the move, announced back in May, on 5 December. Clearance decisions have…
Transocean has agreed to acquire all of the outstanding common units of Transocean Partners not already owned by Transocean in a share-for-unit merger transaction that will also see the Houston-based company takeover three vessels. In the merger…
Technip and FMC Technologies announced that the pending US$13 billion merger transaction between the companies has received an early decision from the United States antitrust regulators under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR Act)…
Germany's Siemens and Spain's Gamesa will merge Siemens' wind power business, including wind services, with Gamesa to create one of the world's largest wind power firms, the two companies announced today (17 June). The aim of the merger…
FMC Technologies and Technip executed a business combination agreement (BCA) on 14 June 2016 regarding their proposed merger announced on 19 May. The execution of the BCA follows conclusion of the required work council consultation process in Europe…
Baker Hughes says it expects to make some US$500 million annual savings by the end of 2016, as part of measures it is taking following the collapse of its proposed $34.6 billion merger with Halliburton. The initial phase of the cost reduction…
Halliburton and Baker Hughes have terminated their proposed US$34.6 billion merger, both companies announced late Sunday, 1 May 2016. According to the terms of the merger proposal, Baker Hughes will receive $3.5 billion for the termination of the agreement…
The US Department of Justice (DOJ) is taking action and suing to block Halliburton’s US$34.6 billion takeover of Baker Hughes, claiming that the merger threatens to eliminate competition, raise prices and reduce innovation in the oilfield services industry…
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