8Mergers & Acquisitions News

 

Lekoil Withdraws Suit Against Nigerian Petroleum Minister

May 16, 2019

Nigeria’s upstream regulatory hiccups continue to take toll on planned offshore exploration and production schedules as some private investors are stuck with their work programs for lack of clarity on key upstream mergers and acquisition procedures.Nigeria and West Africa focused oil and gas exploration and development company Lekoil is one of the private upstream players whose offshore investment…

Sonardyne Acquires EIVA

14 hours ago

Subsea technology and systems provider Sonardyne International announced Tuesday it has acquired maritime software and equipment specialist EIVA A/S.EIVA will join the Sonardyne group of companies while remaining an independent business and brand…

EMGS Proposed Changes to its Board

22 hours ago

The chairman of the board of directors of the Norwegian geophysical services company Electromagnetic Geoservices ASA (EMGS), Eystein Eriksrud, has notified the company that he will not seek re-election at the end of his current service period…

PGS, TGS in Canada 3D Shoot

22 hours ago

TGS-NOPEC Geophysical Company (TGS) and Norwegian marine seismic specialist Petroleum Geo-Services (PGS) announced the Torngat 3D multi-client project in Offshore East Canada.Torngat 3D will cover approximately 3,287 km2 and encompasses sections…

Ocean Infinity to Support Shell Survey

May 16, 2019

US based seabed survey and ocean exploration company Ocean Infinity announced it will support Australian marine survey company Guardian Geomatics on an extensive hydrographic project for Shell.The project, which is planned to commence in June…

Horizon Maritime Sets Up Norwegian Arm

May 15, 2019

Canadian based Horizon Maritime announced it has taken delivery of the newly rebranded support vessel Horizon Arctic, paving way for the establishment of its new Norwegian operation.The former Bourbon Arctic, now sailing under the name Horizon Arctic…

CGG Kicks off OBN Survey in US Gulf

May 14, 2019

CGG announced Tuesday it has commenced its first multi-client ocean bottom node (OBN) survey.Located in the north-central region of the Gulf of Mexico, this dense OBN survey will provide well-sampled, full azimuthal coverage with long offsets…

Equinor Grows Caesar Tonga Stake

May 13, 2019

Norwegian oil company Equinor announced Monday it has acquired an additional 22.45% stake in the deepwater Caesar Tonga oilfield in the U.S. Gulf of Mexico from Shell for $965 million in cash.The Andarko-operated Caesar Tonga field is located in 1…

Chevron Backs Out of Anadrako Takeover Battle

May 09, 2019

US oil major Chevron has stated that it will not make a counter proposal for Anadarko Petroleum, following Occidental's counter bid. Chevron said that: 'Under the terms of its previously announced merger agreement with Anadarko Petroleum Corporation…

ICR Acquires Drone Company

May 09, 2019

UK-based asset integrity firm ICR has acquired drone inspection company Sky-Futures Partners. ICR says the acquisition facilitates the next phase of ICR’s inspection service offering. Sky-Futures has eight years of experience in 28 countries…

From KPMG: Visions of Cheese

May 08, 2019

Whilst we are seeing a clear uptick in activity and the UK oil and gas industry is certainly on the way up again, the industry must continue to move forward. However, under current market conditions, how can companies capitalize on change whilst remaining stable and sustainable and…

DNO to Drill Highest Number of Wells in its History

May 08, 2019

Norwegian exploration and production company DNO says it plans to drill 48 wells this year, the highest number in the company's 48-year history. The drilling program, comprising 25 development/infill wells and 11 exploration/appraisal wells…

Survey Survival in the Balance

May 07, 2019

A seismic survey segment which has seen its fortunes slashed heavily since 2015 and which isn’t expected to recover fully for at least another five years is starting to make waves as it navigates a still bumpy road marked by green shoots.First to feel the pinch when exploration slows…

Okea Eyes Listing by Mid-2019

May 07, 2019

Norwegian oil company Okea AS said on Tuesday it was planning an initial public offering by mid-2019, in a bid to raise funds to finance further expansions.The company, which is partly owned by Thailand's Bangchak Corporation and private equity firm Seacrest Capital…

EllaLink Begins Marine Route Survey

May 07, 2019

EllaLink, a planned submarine cable linking Brazil and Portugal, announced that Alcatel Submarine Networks has finalized the Cable Route Study and mobilized the marine survey vessel for the EllaLink submarine cable system.The survey will be…

Current News

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ROVOP Opens Rotterdam Office

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Newpark Eyes Deepwater Opportunities

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BMT Unveils New Vessel Designs

Engie, EDP to Form 50-50 Offshore Wind JV

Engie, EDP to Form 50-50 Offshore Wind JV

Equinor Dishes $80 Mln Johan Sverdrup Contract

Equinor Dishes $80 Mln Johan Sverdrup Contract

Petrobras Eyes $9 Bln Transfer-of-rights Addendum

Petrobras Eyes $9 Bln Transfer-of-rights Addendum

Sonardyne Acquires EIVA

Sonardyne Acquires EIVA

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