Merger And Acquisition News

 

Bristow Taps Miller as CEO

Mar 05, 2019

Offshore helicopter services provider Bristow Group has named L. Don Miller as its new President and Chief Executive Officer and appointed him as a member of the Board of Directors.Miller, who was previously the company's Senior Vice President and Chief Financial Officer…

James Fisher Buys Saudi Offshore Firm

Feb 20, 2019

Marine and oil and gas services provider James Fisher and Sons (JFS) is expanding its footprint in the Middle East offshore market acquiring service provider Murjan Al-Sharq Marine Contracting LLC (MSMC) in Saudi Arabia.MSMC is an established service provider based in Saudi Arabia…

Aker CEO Sees M&A Opportunities

Feb 14, 2019

Norwegian oil industry-focused investment firm Aker still sees mergers and acquisitions opportunities for its oil service firms, including Aker Solutions, its chief executive said on Thursday.Oeyvind Eriksen also told Reuters its independent oil firm Aker BP…

RWE Submits E.on-Innogy Acquisistion Deal for EC Clearance

Jan 23, 2019

German energy group RWE AG announced that it has filed with the European Commission (EC) its planned acquisition of the renewable energy business of both E.on SE (ETR:EOAN) and Innogy SE.The landmark deal between German utilities Eon and RWE was signed in March 2018…

Subsea Global Solutions Acquires Muldoon Marine Services

Nov 05, 2018

Commercial diving company Subsea Global Solutions (SGS) said it has acquired Muldoon Marine Services (Muldoon), a commercial diving firm based in Long Beach, Calif.'This is an exciting day for the SGS family as this acquisition will further…

Wood Group completes AMEC acquisition

Oct 09, 2017

Wood Group has completed its 'transformational' US$2.7 billion acquisition of Amec Foster Wheeler.  Image from Wood Group. Meanwhile, WorleyParsons has entered into a binding…

Ensco, Atwood shareholders approve merger

Oct 05, 2017

Ensco plc announced today (5 October) that Ensco shareholders voted to approve the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics in connection with the all-stock acquisition of Atwood at the company’s general meeting of shareholders today…

Mexico approves Wood Group, Amec merger

Sep 15, 2017

Wood Group’s proposed US$2.72 billion deal to takeover Amec Foster Wheeler is closer to completion following approval from the Mexican antitrust commission today (15 September). Watson. Image from Wood Group…

Updated: Ensco to takeover Atwood Oceanics

May 30, 2017

Ensco is set to acquire Atwood Oceanics in an all-stock transaction worth some US$839 million, creating a company with the largest jackup fleet in the world. Image from Ensco. Ensco…

VAALCO appoints new CFO

Apr 18, 2017

VAALCO Energy has appointed Phil Patman as chief financial officer (CFO) effective 17 April 2017. Patman has over 20 years of experience in the oil, gas and other areas of the energy industry in key roles including finance, business development…

SNC-Lavalin weighs Atkins acquisition

Apr 03, 2017

Montreal-based engineering and construction firm SNC-Lavalin has expressed interest in acquiring UK-based engineering firm Atkins Global for cash consideration of £2.08 billion (US$2.6 billion). Neil Bruce…

Schlumberger job cuts hit 16,000 in 2016

Jul 22, 2016

Schlumberger has reduced its workforce by 16,000 so far this year, which the oil services giant attributed to weak activity that it expects to persist throughout the year. Image from Schlumberger…

Halliburton, Baker Hughes call off merger

May 02, 2016

Halliburton and Baker Hughes have terminated their proposed US$34.6 billion merger, both companies announced late Sunday, 1 May 2016. According to the terms of the merger proposal, Baker Hughes will receive $3.5 billion for the termination of the agreement…

Schlumberger, Cameron win Chinese approval

Mar 25, 2016

The Chinese Ministry of Commerce (MOFCOM) has cleared Schlumberger and Cameron's proposed US$14.8 billion merger without any conditions. This approval from China's antitrust regulator, MOFCOM, represents the last major hurdle towards closing the deal…

EU to stop clock on Halliburton, Baker Hughes merger

Mar 21, 2016

The European Union (EU) is delaying Halliburton’s US$34.6 billion pending takeover of Baker Hughes once again, after not receiving key data about the deal, the European Commission (EC) said in a statement. Image from Halliburton…

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