Mergers & Acquisitions News


Transmark Subsea Acquires WiSub

Oct 15, 2019

Transmark Subsea announced on Tuesday it has acquired fellow Norwegian underwater environment company WiSub.Transmark Subsea manufactures cable systems for distribution of electrical signals, power and fiber optics to the offshore subsea industry…

Energean Sells North Sea Assets to Neptune

Oct 14, 2019

Israel-focused Energean Oil & Gas Plc on Monday agreed to sell Edison E&P North Sea assets to Neptune Energy Group for up to $280 million, as part of an ongoing plan to sell non-core assets.Energean, which is focused in the Mediterranean, will…

Santos Acquires ConocoPhillips’ Northern Australia Interests

Oct 14, 2019

Santos announced it has acquired ConocoPhillips’ northern Australia business with operating interests in Darwin LNG, Bayu-Undan, Barossa and Poseidon for US$1.39 billion plus a $75 million contingent payment subject to FID on Barossa.Matt Fox…

POSH Acquires Pacific Workboats

Oct 10, 2019

Singapore-listed operator of offshore support vessels PACC Offshore Services Holdings (POSH) has agreed to acquire the 50 per cent stake held by Sembcorp Marine (SMM) in harbour services provider Pacific Workboats Pte Ltd (PWPL) for over US$679…

Tekmar Acquires Pipeshield

Oct 10, 2019

Tekmar Group, a provider of subsea protection systems technologies, said it has signed a sale and purchase agreement for the acquisition of subsea concrete mattresses provider Pipeshield International from its founder Steven Howlett. The deal…

Chevron Buys Into Three Blocks in Mexico

Oct 07, 2019

U.S.-based Chevron Corp said on Friday it signed an agreement with a unit of Royal Dutch Shell to buy a 40% stake in three deepwater blocks in the Mexican Gulf that the Anglo-Dutch firm won in auctions under the nation's energy reform.The deal…

Subsea 7 Acquires 4Subsea

Oct 03, 2019

Services company Subsea 7 announced it has acquired 4Subsea, a provider of technology and services that delivers decision support to oil and gas and offshore wind operators.4Subsea will function autonomously within Subsea 7, maintaining an independent brand and management team…

InfraStrata Buys Harland and Wolff Shipyard

Oct 01, 2019

Harland and Wolff, the Belfast shipyard that built the Titanic, has been sold by owner Dolphin Drilling to infrastructure specialists InfraStrata for £6 million ($7.3 million), saving the facility from closure, InfraStrata said on Tuesday.Harland and Wolff's multipurpose fabrication facility…

Wintershall Dea Trims Norway Portfolio

Oct 01, 2019

Wintershall Dea has agreed to sell its stakes in Norway's Nyhamna gas processing terminal and the Polarled gas pipeline to CapeOmega and Solveig Gas to focus on its upstream oil and gas activities, the German oil and gas company said on Tuesday…

Total Closes Mozambique LNG Purchase

Sep 30, 2019

Total has completed the acquisition of Anadarko's 26.5% stake in Mozambique's liquefied natural gas (LNG) project for $3.9 billion, the French oil major said on Monday.'Mozambique LNG is a one of a kind asset that perfectly fits with our strategy and expands our position in liquefied natural gas…

Chrysaor Acquires Conoco's UK North Sea Assets

Sep 30, 2019

North Sea oil producer Chrysaor completed on Monday a $2.675 billion acquisition of ConocoPhillips' British North Sea oil and gas business, cementing the private equity-backed firm's position as one the basin's top producers.The Conoco assets will add around 72…

OMP Acquires Stake in TEN

Sep 26, 2019

The maritime and offshore energy institutional investor OMP is acquitting of US$35m of Series G Redeemable Convertible Perpetual Preferred Shares of the Greek shipping company Tsakos Energy Navigation (TEN) in a private placement.Watson Farley…

Var Energi Buys Exxon's Norway Assets for $4.5 Bln

Sep 26, 2019

ExxonMobil said on Thursday it will sell its Norwegian upstream oil and gas assets to independent exploration and production company Vår Energi for $4.5 billion as part of an ongoing large-scale global divestment plan.The deal, which is expected to close in the fourth quarter…

Macquarie Acquisition of German Offshore Wind Approved

Sep 26, 2019

The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit…

Current News

Schlumberger Profit Beats Estimates

Petrobras Posts Another Major Production Boost

Eni CEO: No Future for Firms Working in Just O&G

TechnipFMC Wins EPCI Contract from Woodside

Partners Plan Floating Wind Farm in South Korea

Maersk Drilling Scores POSCO Contract

Woodside Makes FID for Pyxis Hub Project

Online Tool Helps Assess Drilling Safety

Transocean Bags $75Mln New Contracts

Naval Energies, SIDS DOCK to Support OTEC

Magazine

Offshore Engineer (Sep/Oct 2019)

This issue of Offshore Engineer is dedicated to Big Data and Digitalization

Archive
Subscribe

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week