AqualisBraemar LOC, an energy and marine industry consultancy, has agreed to buy the UK operations of ship design and marine consultancy company OSD-IMT from the Dutch-based Damen Shipyards Group.OSD-IMT is a specialist consultancy in ship design for new build…
Oil Search shareholders are set to vote on Dec. 7 on a merger with Santos Ltd after gaining approval from a Papua New Guinea court and a mixed endorsement from an independent expert.If it goes ahead, the A$8.8 billion ($6.5 billion) takeover…
Following the announcement of a proposed merger between offshore drillers Maersk Drilling and Noble Corporation on Wednesday, a Noble shareholder said it would vote against the deal.The combination is a primarily all-stock transaction where…
Denmark's Maersk Drilling and U.S. rival Noble Corp will merge in a $3.4 billion deal to form one of the world's largest offshore oil drilling rig companies, they said on Wednesday.The combined company is expected to reap annual cost savings…
Norway-based IKM Testing has acquired 70% of the shares in Alfa Solution AS, a distributor of shrink wrap materials, tape, installation supplies and heat tools for the industrial, construction, transport, and marine markets. Alfa Solution has now changed its name to IKM Alfa Solution AS…
Viasat agreed to buy British rival Inmarsat on Monday in a $7.3 billion deal to broaden the U.S. based company’s satellite and land-based communications services.The takeover of London-based Inmarsat comes just two years after it was taken private in a $3…
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…
Oslo-listed offshore cable-solutions provider Oceanteam, which has been in talks over a potential merger with Norway's cable handling equipment provider Passer Group, said Friday that the parties had agreed to discontinue negotiations.Oceanteam…
The UK oil and gas industry regulator Oil and Gas Authority (OGA) has opened an investigation into the proposed sale by ExxonMobil of 13 producing fields, specifically Elgin Franklin, to NEO, amid concerns it is not progressing as quickly as expected…
Oil and gas company EnQuest has completed the acquisition of a 26.69% stake in the Golden Eagle Area Development in the UK North Sea.The agreement, where EnQuest agreed to buy the Golden Eagle stake from Canada's Suncor Energy, was first announced in February…
Italy's Falck family will sell its controlling stake in Falck Renewables to a JPMorgan-owned infrastructure fund for 1.5 billion euros ($1.8 bln), the company said on Wednesday.Under the agreement, Infrastructure Investment Fund (IIF), which is run by JP Morgan Investment Management…
Viaro Energy's subsidiary RockRose has completed the acquisition of several producing assets in the UK North Sea from SSE for £120 million (US$164 million) with an additional contingent payment of £40 million (US$54 million).RockRose acquired…
Marine robotics company Ocean Infinity has acquired Norway-based company Red Rock, a company providing offshore lifting and handling equipment, as well as AI-supported autonomous equipment and operations.Announcing the acquisition, Ocean Infinity…
Woodside's recent acquisition of BHP's oil and gas business is making its ESG narrative complicated, energy intelligence firm GlobalData said, as BHP's assets it has acquired will boost Woodside's oil production and ultimately lead to a more carbon-intensive product base over the near term…
UK-based offshore equipment provider OEG Offshore has acquired Hughes Subsea Services (Hughes), an integrated subsea service company.This is OEG Offshore's second acquisition in a little over a week, when it bought Fern Communications.Hughes…