Mergers And Acquisitions News

 

EU Clears OLT Takeover by SNAM and FSI

Feb 18, 2020

The European Commission has approved the acquisition of OLT Offshore LNG Toscana by SNAM and the UK’s First State Investments International (FSI), under the EU merger regulation.According to the Commission, OLT is active in the management of…

VAALCO Targets M&A for Growth

Jan 27, 2020

Africa-focused oil company VAALCO Energy has appointed William R. Thomas as president to help its M&A ambitions.VAALCO said: 'The Board believes the appointment of an experienced executive, with a commercial background in investment banking and proven track record for M&A-led value creation…

Offshore Helicopter Players Bristow, Era to Merge

Jan 24, 2020

Offshore helicopter specialists Bristow and Era have entered into a definitive merger agreement.In a joint statement on Friday, Bristow and Era said the combination in an all-stock transaction would create 'a financially stronger company with enhanced size and diversification…

Macquarie Acquisition of German Offshore Wind Approved

Sep 26, 2019

The European Commission has approved the acquisition of Ocean Breeze Energy GmbH & Co. KG by Sage Holdings, ultimately indirectly controlled by Macquarie Group Limited.Ocean Breeze Energy is the owner of North Sea wind farm BARD Offshore 1, from Unicredit…

Norway Mulls Blocking Prosafe's Floatel Acquisition

Sep 16, 2019

The Norwegian Competition Authority is considering blocking Prosafe's acquisition of its competitor Floatel International Ltd on the grounds that the combined firm would dominate its market, it said on Monday.The two companies are the only providers…

Forum Sells Its Stake in Ashtead Technology

Aug 21, 2019

Oilfield products company Forum Energy Technologies said it has reached a deal to sell its aggregate 40% interest in subsea rentals company Ashtead Technology to Buckthorn Partners and other investors that currently own the majority of the equity interests in Ashtead…

Spectrum is Now TGS

Aug 18, 2019

Norwegian seismic player TGS-NOPEC Geophysical Company (TGS) has completed its acquisition of Spectrum, creating a global multi-client geophysical data provider.TGS first announced its intent to acquire Spectrum on 2 May 2019, said a press release from TGS…

Borr Drilling Launches US IPO

Jul 30, 2019

Offshore drilling contractor Borr Drilling has launched the initial public offering (IPO) in the United States of 5 million of its common shares on July 29.The drilling company that operates 27 rigs said that the offering of common shares on…

Harvey Gulf Scouting Merger Opportunities

Jun 16, 2019

In both 2018 and the start of 2019, Harvey Gulf made no secret that they were exploring possible merger and acquisition opportunities. Their first major play was a merger proposal with fellow US owner GulfMark, who at the time was in discussions to merge with US OSV behemoth Tidewater…

Grimsrud Named CFO of Aker Solutions

Jun 14, 2019

Ole Martin Grimsrud has been appointed Chief Financial Officer of Aker Solutions, effective August 1, 2019. He replaces Svein Oskar Stoknes, who is taking over as CFO of Aker on the same day.Grimsrud joined Aker Solutions in 2012 as Vice President…

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…

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…

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