Mergers And Acquisitions News

 

Vår Energi and Eni Wrap Up Neptune Energy Acquisition

Feb 01, 2024

Italy’s Eni and its majority-owned Vår Energi have completed the acquisition of Neptune Energy and its entire portfolio of oil and gas assets, except the company’s business in Germany.Vår Energi completed the acquisition of Neptune Energy Norge along with its Norwegian oil and gas assets, while Eni acquired Neptune Energy’s remaining portfolio, aside from the company’s Germany business which was carved out of the transaction…

Føn Energy Services and C-Ventus Enter Offshore Wind Merger

May 15, 2024

Føn Energy Services has set out plans to acquire Dutch offshore wind farm services company C-Ventus as part of a merger expected to boost its offshore wind operations and maintenance capabilities.Føn Energy Services will acquire 100% of the shares in C-Ventus from current owner DISA International…

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…

Vår Energi Initiates Intra-Group Reorganization

Mar 18, 2024

Vår Energi and its wholly-owned subsidiary Vår Energi Norge, formerly Neptune Energy Norge, have agreed a joint merger plan for an intra-group merger of the two companies.The purpose of the merger is to simplify the corporate structure in the…

Hess Says Reviewing Timeline for Closing of Chevron Deal

Mar 07, 2024

U.S. oil producer Hess said on Thursday it was reviewing the timeline for closing its merger with Chevron, after oil major Exxon Mobil signaled a potential counter offer for Hess's Guyana assets.Exxon on Wednesday filed a contract arbitration…

Chevron, Exxon in Dispute Over Hess Stake in Guyana Oil Block

Feb 26, 2024

Exxon Mobil Corp said on Monday it may preempt Chevron Corp's acquisition of a 30% stake in a giant Guyana oil block, the centerpiece of its deal for Hess Corp.The companies are in talks on Exxon's claim it has a right to first refusal of any sale of the Stabroek block…

DNV Merges Its Cyber Security Arms

Feb 13, 2024

DNV announced it has merged its existing cyber security business with two recently acquired companies, Nixu and Applied Risk.The merger brings together more than 500 cyber security experts to safeguard IT and industrial control system environments across multiple industries…

Magnora Separates FPSO from Renewables Business

Jan 19, 2024

Oslo-listed company Magnora has decided to separate its legacy business, the divested segment related to floating production storage and offloading (FPSO) units for oil and gas industry, from its renewables business, with significant activity in the offshore wind industry…

TGS Nets Four-year Extension for Reservoir Monitoring in Norway

Nov 01, 2023

TGS, a Norway-based provider of energy data and intelligence, said Wednedsay it had secured a four-year extension to a proprietary reservoir monitoring and source acquisition contract in Norway, with a further option to extend by another two years…

TGS Wins Gulf of Mexico OBN Survey Deal

Oct 26, 2023

Marine seismic data specialist TGS has secured a a three-month proprietary Ocean Bottom Node (OBN) data acquisition contract in the Gulf of Mexico (GoM) for an unnamed 'repeat customer.'The project's acquisition will start in Q4 2023 and reach completion during Q1 2024…

Aurora Energy Services Strengthens Executive Team with COO Appointment

Jul 14, 2023

Aurora Energy Services, a recently launched, Aberdeen-based energy industry services provider, said Friday it had appointed Tom Smith as Chief Operating Officer 'as it closes in on further acquisitions which will lay the foundation for establishing a £100 million revenue business…

Talos Names Maiworm CFO

Jun 19, 2023

Houston based Talos Energy announced it has appointed Sergio L. Maiworm Jr. as the Company's Chief Financial Officer and Senior Vice President, effective as of July 1, 2023, replacing Shannon E. Young, III who has accepted a similar role with another independent E&P company…

Serica Energy's Acquisition of Tailwind Energy Set to Complete

Mar 21, 2023

Oil and gas company Serica Energy said Tuesday that the conditions precedent in relation to its proposed acquisition of Tailwind Energy from Tailwind Energy Holdings LLP had been satisfied, save for the condition precedent relating to the Admission of the Completion Consideration Shares…

CHC to Sell Offshore Helicopter Services UK to S. Africa-based Ultimate Aviation

Jan 18, 2023

Offshore transport firm CHC Helicopter Group (CHC), has agreed to sell Offshore Helicopter Services UK (OHS UK) to Ultimate Aviation Group, a South African headquartered international aviation business for an undisclosed fee.CHC is selling OHS…

Tullow Oil Sticks to Capricorn Merger Plans, $200M Cashflow Guidance

Sep 14, 2022

Africa-focused Tullow Oil said on Wednesday it would stick to the current form of its plan all-share merger plan with Capricorn Energy CNE.L, shrugging off criticism from some Capricorn investors who say the deal undervalues the company.Capricorn's board supports the merger…

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