Mergers & Acquisitions News

Japan: JX Nippon to Buy Offshore Drilling Firm JDC

Mar 16, 2023

JX Nippon Oil & Gas Exploration Corporation has to acquire the entire issued shares of the offshore drilling firm Japan Drilling Co., Ltd. (“JDC”).The company plans to complete the acquisition around the end of April of  2023.'Upon completion of the acquisition…

Danos Buys Wood's Offshore Labor Supply Operations

Mar 14, 2023

John Wood Group has sold its offshore labor supply operations in the Gulf of Mexico to Louisiana-based energy services contractor Danos.The sale was for a cash consideration of $17 million, with Wood retaining working capital. This represents an EV/EBITDA multiple of around 8x…

Britain's Wood Group Considers Rejecting Latest Buyout Proposal from Apollo Global

Mar 07, 2023

John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6…

EIG's Breakwater Energy Acquires 25% Stake in Repsol Upstream for $4.8B

Mar 03, 2023

Breakwater Energy, a subsidiary of EIG, an institutional investor in the global energy and infrastructure sectors, has acquired a 25% interest in Repsol Upstream for a total consideration of around $4.8 billion, including debt, with Repsol holding the remaining 75%…

Equinor to Buy Suncor Energy UK in $850M Deal

Mar 03, 2023

Equinor said on Friday it would acquire the British oil and gas business of Canada's Suncor Energy SU.TO for $850 million, giving the Norwegian company stakes in several key North Sea petroleum assets.Equinor said the deal includes a 29.9% stake in the Buzzard oilfield…

Equinor Nears $1 Billion Deal to Buy Suncor's UK Oilfields

Mar 01, 2023

Norway's Equinor is close to reaching a deal to buy Suncor Energy's British North Sea oil and gas assets for around $1 billion, three sources familiar with the matter told Reuters on Wednesday.The deal includes Suncor's 40% stake in the Equinor-operated offshore Rosebank oil and gas project…

UK Competition Watchdog Okays Baker Hughes-Altus Deal

Mar 01, 2023

UK's competition regulator said on Wednesday it has cleared oilfield services firm Baker Hughes Co's acquisition of Altus Intervention after the companies took steps to allay concerns raised by the watchdog.The Competition and Markets Authority…

Equinor takes Stake in Wellesley O&G Finds

Mar 01, 2023

Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Feb 28, 2023

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…

UK's Engineering Giant Wood Group Rejects Takeover Approach

Feb 24, 2023

Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…

SSY Acquires Westshore, Enters Offshore Sector

Feb 23, 2023

Simpson Spence Young (SSY) agreed on the terms to acquire Norwegian Westshore Shipbrokers AS, part of SSY’s strategy to enter into the global offshore sector. Based in Kristiansand, Norway, Westshore was launched in 1987.“This acquisition marks…

Merced Capital Acquires Offshore Construction Firm Telford Offshore. New CEO Named

Feb 20, 2023

Merced Capital has completed the acquisition of Dubai-based offshore construction vessel owner and service provider Telford Offshore.Telford Offshore, which offers offshore consturction and pipelaying services, said that as part of the transaction…

SCF Partners Buys Global E&C from Global Energy Group

Feb 15, 2023

Houston-based firm SCF Partners has acquired Abedeen-based engineering, procurement and construction (EPC) service provider Global E&C, from Global Energy Group for an undisclosed sum.Global E&C employs more than 1,000 people, with more than…

Capricorn Energy Cancels Merger with NewMed Energy Following Shareholder Pressure

Feb 15, 2023

British oil and gas producer Capricorn Energy on Wednesday pulled the plug on its planned merger with Israeli gas group NewMed Energy after months of shareholder pressure that also toppled Capricorn's leadership.Activist investor Palliser and…

Kpler Buys Ship Tracking Firms MarineTraffic and FleetMon

Feb 15, 2023

Brussels-headquartered data and analytics group Kpler has bolstered its presence in the maritime space with the acquisition of ship tracking companies MarineTraffic and FleetMon, the company said on Wednesday. Tracking the movement of ships has become an integral part of trading strategies…

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