8Mergers & Acquisitions News

 

Perenco Wraps Up Acquisition of BP’s Mature Gas Fields Off Trinidad and Tobago

Dec 17, 2024

Perenco has completed the acquisition of BP’s four mature offshore gas fields as well as one underdeveloped field offshore Trinidad and Tobago.The acquired assets include Cashima, Amherstia, Flamboyant & Immortelle offshore gas fields and associated production facilities, as well as the undeveloped resources from the Parang field (CAFI asset).The fields, with the exception of Parang, are mature fields…

TGS Starts Summer Acquisition Activities in North Europe

May 09, 2025

Norwegian seismic firm TGS has mobilized a number of its acquisition vessels in North Europe, marking the start of an active summer season in the region.TGS has deployed a total of four acquisition vessels in the region; three seismic vessels and one offshore wind vessel…

TGS Kicks Off New Multi-Client OBN Project in Gulf of America

Apr 01, 2025

TGS, a global provider of energy data and intelligence, has launched a new multi-client ultra long offset ocean bottom node (OBN) data acquisition campaign in the Gulf of America.The Amendment 4 project will expand node coverage in TGS' multi-client library…

TGS Gets 4D Streamer Acquisition Job at Vår Energi’s Goliat Field

Feb 21, 2025

Norwegian seismic firm TGS has secured a 4D streamer acquisition project in the Barents Sea covering the Vår Energi-operated Goliat field.The Goliat 4D project is scheduled to start in July.The total duration of the project is approximately 20 days…

Equinor’s 10% Stake Acquisition in Ørsted Now Completed

Dec 23, 2024

Equinor has completed the acquisition of additional 0.2% in Ørsted, increasing its share to 10% and cementing its position as the second largest shareholder in the company.The transaction makes Equinor the second largest shareholder in Ørsted after the Danish State…

ConocoPhillips Wraps Up $22.5B Marathon Oil Acquisition

Nov 26, 2024

U.S. oil and gas company ConocoPhillips has completed the acquisition of Marathon Oil Corporation in a $22.5 billion takeover deal.The $22.5 billion acquisition was first announced in May 2024 as an all-stock transaction, which includes $5.4 billion of Marathon's debt…

Vaisala Expands Offshore Wind Offering with New Acquisition

Nov 06, 2024

Measurement instruments and intelligence services company Vaisala has acquired UK-based software, weather monitoring systems and services company Nevis Technology, expanding its offer to offshore wind industry.The acquisition enables Vaisala…

Vallourec Boosts Pipe Coating Offering with Latest Acquisition

Sep 16, 2024

French tubular solutions supplier Vallourec has entered into a definitive agreement to acquire Matt’s subsidiary Thermotite do Brasil, a specialized provider of thermal insulation pipe coating services for the offshore oil and gas industry.The acquisition price is $17…

TGS Extends Deepwater OBN Campaign in West Africa

Jul 18, 2024

Norwegian seismic company TGS has secured the extension contract for the deepwater Ocean Bottom Node (OBN) data acquisition campaign in West Africa.The additional program for a major customer, whose name was not disclosed, will extend the ongoing…

Touchstone to Acquire Trinity Exploration in $30.1M All-Share Takeover

May 06, 2024

Canada-based Touchstone Exploration has agreed to acquire UK company Trinity Exploration and Production which has onshore and offshore oil assets located solely in Trinidad and Tobago.Under the terms of the acquisition, Trinity shareholders will receive 1…

Longboat Energy Concludes Purchase of Its First Producing Assets

Feb 01, 2024

Longboat JAPEX Norge, a joint venture of Longboat Energy and Japan Petroleum Exploration (JAPEX), has completed the acquisition of interests in producing fields offshore Norway.Longboat Energy, an oil and gas exploration and production company with activities in Norway and Malaysia…

Vår Energi and Eni Wrap Up Neptune Energy Acquisition

Feb 01, 2024

Italy’s Eni and its majority-owned Vår Energi have completed the acquisition of Neptune Energy and its entire portfolio of oil and gas assets, except the company’s business in Germany.Vår Energi completed the acquisition of Neptune Energy Norge along with its Norwegian oil and gas assets…

EMGS Scoops $11.7M Survey Contract Offshore Brazil

Jan 30, 2024

Norway-based Electromagnetic Geoservices (EMGS) has secured a contract with Petrobras for a fully prefunded multi-client survey offshore Brazil.The total contract value is approximately $11.7 million, according to EMGS.The survey is expected to start late March or early April 2024…

Mermaid Secures $10M Loan to Repay Subsea Vessel Acquisition

Dec 29, 2023

Thai subsea services company Mermaid Maritime has through its subsidiary Mermaid Subsea Oil and Gas Services (MSOGS) secured a loan of up to $10 million for the acquisition of Mermaid Sapphire ROV support vessel.The loan agreement, SinoPac Capital International…

TGS Grabs OBN Data Acquisition Deal in North Sea

Dec 20, 2023

Offshore seismic data firm TGS has secured an Ocean Bottom Node (OBN) data acquisition contract in the North Sea.The three-month OBN data acquisition contract is for a repeat customer, according to TGS.The project's acquisition is planned to begin in the second quarter of 2024…

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