Mergers & Acquisitions News

 

Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders, but its shares rose 7% after Santos said it still wanted to pursue talks to create a group that would rival Australia's top independent gas producer Woodside Petroleum in market value…

Woodside Sees Shares Slide on News It Is Eyeing BHP Oil & Gas Assets

Jul 21, 2021

Shares in Woodside Petroleum fell on Wednesday after an unsourced media report said Australia's top independent gas producer was in talks to buy some or all of BHP Group's oil and gas assets, analysts and an investor said.Woodside shares ended down 2 cents in a broader market that rose 0…

Buyers Reportedly Line-up for a Crack at Seadrill

Jul 20, 2021

Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday…

NEO Energy Completes Acquisition of Zennor Petroleum

Jul 13, 2021

North Sea-focused oil and gas company NEO Energy has completed the acquisition of independent oil and gas company Zennor Petroleum Limited, first announced back in March.HitecVision-backed NEO Energy said in March it would acquire Zennor from Kerogen Capital for up to $625 million…

Offshore Wind Installation Giant in the Making: Subsea 7 to Merge Renewables Business with OHT

Jul 08, 2021

Subsea energy services firm Subsea 7 said Thursday it had agreed to merge its renewables business with OHT, and Oslo-listed heavy lift and transportation vessel owner which is building a fleet of offshore wind installation vessels, too.The combined…

PXGEO Buys Fugro's OBN Subsidiary Seabed Geosolutions

Jun 29, 2021

Offshore seismic surveyor PXGEO has completed the acquisition of Fugro's subsidiary Seabed Geosolutions, a company specializing in Ocean Bottom Node surveys.'The acquisition includes a substantial ocean bottom node inventory,  handling equipment…

V&SH Offshore Solutions Becomes Part of WTS Energy

Jun 23, 2021

V&SH Offshore Solutions, an offshore contractor specialized in testing and terminations, cable repairs, and outfitting of offshore high voltage assets has become a part of  WTS Energy, an energy services firm providing engineering support and manpower supply…

Romgaz, ExxonMobil in Exclusive Talks for Black Sea Block Deal

Jun 18, 2021

Romanian oil and gas company Romgaz said Friday it had signed an exclusivity agreement with ExxonMobil, in relation to Exxon's planned sale of rights in an offshore block in the Romanian part of the Black Sea.As previously reported, Romgaz in…

Proserv Acquires Dron & Dickson's Abu Dhabi Business

Jun 15, 2021

Oil and gas services company Proserv Controls, has acquired the Middle Eastern operations of Dron & Dickson Electromechanical Contracting (DDEC) LLC, for an undisclosed fee. DDEC is a UK-based specialist in the supply, assembly, and maintenance of hazardous areas and industrial electrical equipment…

Ocean Infinity Acquires Ambrey

Jun 08, 2021

After it in recent months acquired MMT and Abyssal, marine robotics and offshore survey company Ocean Infinity has now acquired maritime services company, Ambrey for an undisclosed fee.UK-based Ambrey offers offshore services including, security…

Transformative Deal: Hibiscus to Pay $212.5M for Repsol's Offshore Blocks in Vietnam and Malaysia

Jun 04, 2021

Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…

Archer to Complete DeepWell Buy in 'Next Few Days'

May 31, 2021

Oilfield services company Archer is set to complete the previously announced acquisition of rival DeepWell.'The completion of the acquisition [of DeepWell ] was conditional on obtaining necessary regulatory approval. Such approval was granted today by the Norwegian Competition Authority…

Society of Petroleum Engineers, AAPG Exploring Merger

May 25, 2021

The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) on Tuesday announced the two associations were in the process of exploring a potential merger.AAPG and SPE said they were studying the benefits…

Offshore Mooring: Delmar Systems Acquires Vryhof

May 24, 2021

U.S.-based offshore mooring services firm Delmar Systems on Monday announced the acquisition of the Dutch-based rival Vryhof, consisting of Deep Sea Mooring and Vryhof Anchors. The combined company, with its global footprint and enhanced asset portfolio…

BP, Eni in Talks to Merge Angola Oil and Gas Operations

May 19, 2021

BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies.The two companies have signed a non-binding memorandum of understanding and are in discussions…

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