8Mergers & Acquisitions News


Survitec Completes Blue Anchor Acquisition

Nov 04, 2021

U.K.-based safety and survival solutions provider Survitec said it has completed its acquisition of Blue Anchor Fire & Safety, a Scottish provider of survival solutions to the fisheries, maritime and offshore energy industries.The investment…

PGS Wraps 2021 Seismic Acquisition Campaign Offshore Canada

Sep 29, 2021

Norwegian seismic data acquisition company PGS has said that it has on behalf of the PGS-TGS joint venture acquired over 10 000 sq. km of 3D GeoStreamer data offshore Newfoundland and Labrador between May and September this year. The data from…

Svanehøj Buys Wärtsilä Tank Control Systems

Sep 17, 2021

Finland-based marine equipment and technology firm Wärtsilä has sold Wärtsilä Tank Control Systems business to Svanehøj, a Danish gas pump specialist involved in the design and manufacture of specialized deep well pump solutions within the areas of gas pumps…

PXGEO Secures North Sea OBN Survey Deal

Aug 25, 2021

Offshore seismic services firm PXGEO said Wednesday it had secured an Ocean Bottom Node marine seismic acquisition contract.The project, in the North Sea, is expected to start in the second quarter of 2022.In a brief statement released Wednesday…

Silixa Claims 'World's first' as it Installs Distributed Acoustic Sensing (DAS) System at BP's Gulf of Mexico Field

Aug 11, 2021

Optical fiber sensors provider Silixa on Wednesday announced the successful installation, validation, and borehole seismic acquisition from a permanently installed fiber-optic Distributed Acoustic Sensing (DAS) system, Carina Subsea 4D, on BP’s Atlantis Phase 3 subsea field development…

ExxonMobil Hires PGS for 4D Survey Offshore Guyana

Jun 28, 2021

Norwegian offshore seismic surveyor PGS has been awarded a 4D seismic acquisition contract by ExxonMobil for work offshore Guyana.PGS will deploy a Titan class seismic acquisition vessel in the fourth quarter of 2021 with the acquisition slated for completion in the first quarter of 2022…

EnQuest Signs 750M Loan to Fund Golden Eagle Acquisition, Refinance Debt

Jun 11, 2021

UK oil and gas company EnQuest has said it has signed a new senior secured borrowing base debt facility of around $600 million and an additional amount of $150 million for letters of credit for up to seven years.'The new facility will enable…

PXGEO Strikes Seismic Vessel Deal with TGS

May 12, 2021

Marine seismic contactor PXGEO has signed a deal to provide 12 months of towed-streamer seismic acquisition services to the Norwegian seismic data firm TGS.TGS has committed to using the PXGEO 2 vessel or any other capable vessel which PXGEO…

Jersey Oil & Gas Completes Cieco V&C Acquisition

Apr 07, 2021

UK-focused oil and gas company Jersey Oil & Gas (JOG) has completed the acquisition of Cieco V&C, a company that owns an interest in JOG-controlled Licence P2170, in the UK North Sea, from the Japanese companies Itochu and Jogmec.Under the agreement first announced on November 26…

InfraStrata Buys BiFab Assets

Feb 12, 2021

UK-based infrastructure firm InfraStrata has said it has acquired 'substantially all of the assets of Burntisland Fabrication,' also known as BiFab, a company that entered into administration in late 2020.BiFab specializes in major fabrication works from facilities in Scotland for the oil and gas…

Jersey Oil & Gas to Buy Cieco V&C

Nov 26, 2020

UK oil and gas exploration and production firm Jersey Oil & Gas (JOG), has agreed to buy Cieco V&C, a company which owns an interest in JOG-controlled Licence P2170, in the UK North Sea.The company has entered into a conditional sale and purchase…

Vaalco Buys Sasol's Interests in Offshore Assets in Gabon

Nov 18, 2020

Africa-focused oil and gas company Vaalco Energy has agreed to buy Sasol's 27.8%  interest in the Etame Marin block, and a 40% stake in Block DE-8, offshore Gabon. Vaalco said that the acquisition would almost double its total production and reserves…

Caspian Sunrise Buys Shallow Water Drilling Vessel

Oct 19, 2020

Caspian Sunrise, an oil and gas firm focused on Kazakhstan, has completed the acquisition of the Caspian Explorer drilling vessel, marking the company's step into offshore drilling.The company, mostly focused on onshore oil and gas activities…

Chevron Completes Acquisition of Noble Energy

Oct 05, 2020

U.S. oil major Chevron has completed the acquisition of its smaller rival Noble Energy, following the approval by Noble Energy shareholders.The proposed all-stock acquisition was initially announced in July, in what was at the time estimated to be a deal valued a $5 billion…

Premier Oil Signs Deal to Buy BP's North Sea Assets at Discount

Jul 20, 2020

UK-based oil company Premier Oil has signed a sale and purchase agreements (“SPAs”) with BP for the acquisition of BP’s interests in the Andrew Area and its Shearwater assets, under revised terms announced in June.The two companies had in January…

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