Mergers & Acquisitions News


Expro Acquires Drilling Tools and Wellbore Services Firm Coretrax

May 16, 2024

U.S.-based oilfield services provider Expro has completed the acquisition of U.K. company Coretrax, expanding its market presence and product offerings.The acquisition of Coretrax, from an investment group led by Buckthorn Partners, will enable…

ABL Group to Acquire Ross Offshore

May 15, 2024

Global consultancy ABL Group has entered into an agreement to acquire 100% of the shares of specialist energy consultancy Ross Offshore from Moreld Group.Following completion of the transaction, Ross Offshore will merge with ABL Group company AGR…

Siem Offshore Rebrands as Sea1 Offshore Following Chairman Exit

May 13, 2024

Siem Offshore has changed its name to Sea1 Offshore followong an ownership change that saw the company's founder and chairman exit the Norwegian offshore support vessel (OSV) firm.Kristian Siem, longtime leader of Siem Offshore, stepped away…

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…

Unique Group Acquires Subsea Innovation

May 03, 2024

Unique Group acquired subsea technology and equipment manufacturer Subsea Innovation. The deal elevates Unique Group’s global engineering capabilities, enhances its portfolio and further strengthens the organization’s focus on engineering excellence and technology development…

Chouest Expands Subsea Capabilities with ROVOP Acquisition

May 02, 2024

The Chouest group has acquired ROVOP, a Scottish remotely operated vehicle (ROV) company, expanding its ROV fleet and subsea capabilities.With the ROVOP acquisition, Chouest, alongside its subsea service company C-Innovation, will now control…

Sintana Energy Expands Orange Basin Scope Offshore Namibia

Apr 25, 2024

Oil and gas company Sintana Energy has entered into agreement to acquire up to 67% shares of Giraffe Energy Investments, the owner of a 33% interest in petroleum exploration license 79 (PEL 79) which governs blocks 2815 and 2915 offshore Namibia…

Eni Agrees to Merge UK Upstream Assets with Ithaca Energy

Apr 24, 2024

Eni has reached an agreement on the combination of substantially all of its upstream assets in the UK, excluding East Irish Sea assets and CCUS activities, with Ithaca Energy, creating a major independent oil and gas company present on the UK Continental Shelf (UKCS)…

PXGEO Acquires Modus Subsea Services

Apr 22, 2024

Marine geophysical services company PXGEO on Monday announced it has acquired Modus Subsea Services to boost its subsea offering.Modus Subsea Services is a U.K.-based provider of offshore life-of-field support services specializing in autonomous…

TotalEnergies Inks $530M Deal to Acquire Malaysia’s SapuraOMV

Apr 22, 2024

TotalEnergies has signed an agreement with Sapura Upstream Assets to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV for a consideration of $530 million, subject to closing adjustments.This agreement follows a first agreement signed with OMV on January 31…

Norway Clears TGS and PGS Merger

Apr 18, 2024

Norwegian seismic firms TGS and PGS have received merger approval from the Norwegian Competition Authority (NCA), brining them one step closer to establish a premier energy data company.The merger between the companies, first announced in September 2023…

Shearwater and Mondaic Enter Strategic Alliance to Optimize Seismic Surveys

Apr 17, 2024

Marine seismic acquisition firm Shearwater Geoservices and Mondaic, a provider of proprietary software and services for high-resolution 3D imaging, have entered a strategic collaboration for development and use of full waveform inversion solutions…

Enauta Moves Forward with 3R Petroleum Merger

Apr 12, 2024

Enauta has signed a memorandum of understanding (MoU) with 3R Petroleum and Maha Energy regarding the potential transaction involving the integration of Enauta and 3R’s activities, which would create one of the largest oil and gas companies in Latin America…

ADNOC Recently Eyed BP as Takeover Target

Apr 11, 2024

The United Arab Emirates' state-owned oil company recently considered buying Britain's BP but the deliberations did not progress beyond preliminary discussions, people familiar with the matter told Reuters.Abu Dhabi National Oil Company (ADNOC)…

Current News

Lula's Ambitions for Petrobras Hemmed in by New Rules

Outlook ‘Surprisingly Positive’ for US Offshore Wind

LR Helps Offshore Operators Navigate Tough Technical Hurdles

Expro Wraps Up Five-Well Subsea Job in Australia

Subscribe for OE Digital E‑News