Mergers & Acquisitions News

Denmark's Semco Maritime to Acquire German Firm Wind Multiplikator

Jun 01, 2023

Denmark-based engineering and contracting group Semco Maritime has agreed to acquire German firm Wind Multiplikator, specialized in managing offshore wind farms and projects and providing engineering and consulting services.The transaction also…

OSM Maritime Group and Thome Group Get Merger Approvals, Creating a Ship Management Giant

May 22, 2023

OSM Maritime Group and Thome Group have received approvals from competition authorities to merge and create one of the world's largest ship management companies.The merged company, OSM Thome, says it will be a powerhouse in the international ship management market…

Jadestone Energy Gets NOPTA Nod for CWLH Title Transfer, Key to Drawing RBL

May 17, 2023

Asia-pacific focused oil and gas company Jadestone Energy has received approval from Australia’s National Offshore Petroleum Titles Administrator (“NOPTA”) for the title transfer relating to the acquisition of the interest in the Cossack, Wanaea…

A.P. Møller Holding Takes Over Maersk Supply Service, Names New CEO

May 15, 2023

A.P. Møller Holding A/S has acquired offshore vessel services firm Maersk Supply Service A/S from A.P. Møller – Mærsk A/S, through the closing of the previously announced transaction.In connection with the closing of this acquisition, A.P. Moller…

Buyout House Apollo Rules Out Takeover of Britain's Wood Group

May 15, 2023

U.S. private equity firm Apollo Global Management on Monday said it would not proceed with a takeover offer for British oilfield services and engineering firm John Wood Group after tabling an exploratory bid last month.Apollo had until later…

Afentra Enters Angola. Buys Offshore Block Interest from INA

May 10, 2023

Oil and gas company Afentra plc, led by former Tullow CEO Paul McDade, said Wednesday it had completed the acquisition of 4% interest in Block 3/05 and 4% interest in Block 3/05A offshore Angola from Croatia's INA-Industrija.Afentra also said…

IFCHOR Galbraiths Acquires UNO Offshore

May 10, 2023

International shipbroker IFCHOR Galbraiths (IG) will be providing offshore brokerage services in the oil and gas market following its acquisition of Norwegian offshore specialist UNO Offshore.Founded in 2010, with a seven-strong team based in Bergen and Haugesund…

Gazelle Wind Power Takes Controlling Stake in F. Carceller to Drive Floating Offshore Wind Innovation

May 10, 2023

Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform, has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L. (F. Carceller). 'Gazelle’s…

HAV Group Set to Acquire Undheim Systems, Adding DP Capabilities

May 09, 2023

Norway's HAV Group ASA has agreed to acquire Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels.'The planned technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality…

Berkshire Hathaway's Warren Buffett: No Plans to Buy Occidental Petroleum

May 08, 2023

- Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected…

Addtech Acquires Feritech to Expand Geotechnical Subsea Services

May 05, 2023

Addtech Industrial Solutions has signed an agreement to acquire 90% of the shares outstanding in Feritech Global Ltd (”Feritech”).Feritech designs and manufactures bespoke technical solutions for the geotechnical subsea sector. The company operates…

TenneT Sale Talks Slow as Germany, Netherlands Differ on Price, Offshore

May 04, 2023

Talks on a planned sale of Dutch state-owned electricity grid operator TenneT's German unit to Berlin have hit a hitch over price, the company's outstanding bonds, and offshore infrastructure, people familiar with the matter said.The sale would…

Falkland Islands: Argos Resources Plans to Wind Up Company After Sale of Sole Asset PL001

May 03, 2023

Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkand Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction,…

Prax Confirms No Increase in Proposed Acquisition Price of Hurricane Energy

Apr 24, 2023

Prax Exploration & Production does not plan to increase the financial terms of the proposed acquisition of UK North Sea firm Hurricane Energy after reaching a deal to acquire Hurricane Energy in mid-March.Hurricane has one asset, the Lancaster oil field…

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