Mergers & Acquisitions News

 

Remus Horizons Moves to Take Over FAR, Enter Senegal Offshore Block

4 hours ago

Private investment fund Remus Horizons has launched a conditional takeover offer for the Australian oil company FAR, which owns a stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development.FAR has recently agreed to sell its stake in the Sangomar to Woodside, its partner in the project, as the company has been unable to fund its share for the development of the field and has been in default concerning its January 2021 cash call of US$19…

Wind Turbine Blade Services Providers GEV and WPL Merge

Apr 12, 2021

U.K. headquartered wind turbine blade repair and maintenance provider GEV Wind Power has merged with Wind Power Lab (WPL), a Danish firm providing intelligent technology based blade solutions to wind park operators.GEV provides field blade repair…

Marlink Gets OK to Acquire ITC Global from Panasonic

Apr 12, 2021

Maritime connectivity and IT solutions provider Marlink Group has obtained final regulatory approvals to acquire 100% of ITC Global from Panasonic. 'The Marlink and ITC Global management teams are preparing for a swift closing of the transaction in the coming weeks…

Jersey Oil & Gas Completes Cieco V&C Acquisition

Apr 07, 2021

UK-focused oil and gas company Jersey Oil & Gas (JOG) has completed the acquisition of Cieco V&C, a company that owns an interest in JOG-controlled Licence P2170, in the UK North Sea, from the Japanese companies Itochu and Jogmec.Under the agreement first announced on November 26…

Tailwind Energy Buys Decipher Energy

Apr 01, 2021

UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…

Coatings Giant Hempel Buys Wattyl Australia and New Zealand

Apr 01, 2021

Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer…

Romgaz Bids to Buy Exxon's Romanian Subsidiary

Apr 01, 2021

Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil's Romanian subsidiary holding a share in an offshore block in the Black Sea.ExxonMobil Exploration and Production Romania Limited holds a 50 percent stake in the XIX Neptun Deep Block in the Black Sea…

Lukoil Pulls Out of Sangomar Race as it Decides Not to File Takeover Bid for FAR

Apr 01, 2021

Russian oil company Lukoil has decided not to launch a binding takeover offer for Australian oil firm FAR, which owns a share in the Sangomar field offshore Senegal.FAR had in February received a conditional non-binding indicative proposal from Lukoil to acquire the shares of FAR at 2…

Chrysaor, Premier Oil Set to Complete Merger and Become Harbour Energy

Mar 31, 2021

The merger of Chrysaor and Premier Oil is due to complete on Wednesday, creating Harbour Energy, the UK North Sea's biggest oil and gas producer, which will replace Premier's stock exchange listing from Thursday, Premier said.The reverse takeover of Chrysaor by Premier Oil…

Fugro to Sell Seabed Geosolutions to PXGEO

Mar 30, 2021

Dutch offshore survey services company Fugro has agreed to sell its Seabed Geosolutions subsidiary to PXGEO Seismic Services (PXGEO) to for USD 16 million (approximately EUR 14 million) in cash. The transaction is expected to be completed mid-2021…

Sval Energi Wraps $300M Edison Norge Buy

Mar 25, 2021

Norwegian oil and gas company Sval Energi said Thursday it had completed the $300 million acquisition of Edison Norge.The deal, first announced in December 2020, sees HitecVision-backed Sval acquiring ten production licenses on the Norwegian continental shelf…

Polish PGNiG to Buy INEOS' Norwegian Oil and Gas Business for $615M

Mar 25, 2021

INEOS Energy on Thursday announced the sale of its oil and gas business in Norway to Poland's PGNiG for $615 million.  The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf…

EnQuest 'Confident' of Securing Refinancing Needed for Golden Eagle Acquisition

Mar 25, 2021

British North Sea-focused oil producer EnQuest is 'confident' it will secure a refinancing deal needed to buy an additional 10,000 barrels per day of output capacity, it said on Thursday, as it reported a 43% drop in free cash flow in 2020.Last month…

Tullow Shareholders Approve Sale of E. Guinea Assets to Panoro

Mar 18, 2021

Tullow Oil shareholders on Thursday approved the sale of the company's assets in Equatorial Guinea to Oslo-listed Panoro Energy.As announced in February, Tullow agreed, subject to certain conditions, to sell its subsidiaries with assets in Equatorial…

INEOS E&P to Buy Hess Denmark for $150 Million

Mar 18, 2021

INEOS E&P, a part of INEOS Energy, said Thursday it had entered into an agreement to acquire the U.S. oil firm Hess' subsidiary Hess Denmark for a total consideration of $150 million. Hess said it would use the cash on its operations in Guyana…

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