Mergers & Acquisitions News

 

Ithaca Energy Bolsters Stake in North Sea Gas Field

May 20, 2025

U.K. oil and gas company Ithaca Energy has signed a sale and purchase agreement with Spirit Energy, increasing its stake for 46.25% in the Cygnus gas field for $154 million.The transaction, which is subject to NSTA consent, will increase Ithaca Energy's operated interest in Cygnus field to 85%.Based on an effective date of January 1, 2025, the transaction is expected to add 23 mmboe of 2P reserves and pro forma production between 12…

Eni Starts Negotiations with Ares for Plenitude Stake Sale Based on $13B Value

May 15, 2025

Italy’s Eni has signed an agreement to enter into a period of exclusivity with investment fund Ares Alternative Credit Management for the sale of stake in Plenitude, its retail and renewables unit.The exclusivity agreement is aimed at negotiating…

DEME Acquires 50% Stake in BAUER Offshore Technologies

May 15, 2025

DEME Offshore Holding, a wholly owned subsidiary of DEME Group, has acquired a 50% stake in BAUER Offshore Technologies, a BAUER Group company.BAUER Offshore Technologies specializes in drilling services for the installation of foundations for offshore wind farms…

Certek Acquires Wind Turbine Services Firm GEV Wind Power

May 13, 2025

Certek has made a significant investment in GEV Wind Power (GEV), the global specialist services provider to the wind energy industry, as it targets further growth opportunities and international expansion.Based in East Yorkshire, England, GEV provides inspection…

CIP Sells 10% Stake in Fengmiao I Offshore Wind Farm to MOL

May 09, 2025

Copenhagen Infrastructure Partners (CIP), on behalf of its fund Copenhagen Infrastructure V (CI V), has entered into an agreement to divest a 10% stake in the 495MW Fengmiao I offshore wind farm in Taiwan to Mitsui O.S.K. Lines (MOL).The transaction…

DEME Concludes Havfram Acquisition

May 02, 2025

Belgium-based offshore installation services company DEME has completed the acquisition Havfram, an offshore wind installation contractor based in Norway, in a deal valued at approximately $1.02 billion (€900 million).The transaction, first announced in April 2025…

Equinor Sells Peregrino Field to Brazilian Oil and Gas Firm for $3.5B

May 02, 2025

Equinor Brasil Energia, a subsidiary of Equinor, has entered into agreements with Brazilian company Prio Tigris, a subsidiary of PRIO, for the sale of its 60% operated interest in the Peregrino field, offshore Brazil.PRIO, Brazil’s largest independent oil and gas company…

Abu Dhabi’s Masdar Completes Acquisition of Terna Energy

Apr 10, 2025

Abu Dhabi Future Energy Company (Masdar) has completed the acquisition of 100% shares in Greece’s Terna Energy.The acquisition follows the successful completion of an all-cash mandatory tender offer (MTO) and squeeze-out process for the remaining 30% shares of the company at a price of $22…

DEME to Buy Havfram in $985M Deal

Apr 09, 2025

Belgium-based offshore installation services company DEME has signed an agreement to acquire Havfram, an offshore wind installation contractor based in Norway, in a deal worth $985.5 million.The strategic acquisition aligns with DEME's ambition…

Smulders Acquires HSM Offshore Energy

Apr 01, 2025

Eiffage, through Eiffage Métal’s Belgian subsidiary Smulders, has signed an agreement for the acquisition of HSM Offshore Energy to strengthen its expertise in the offshore energy market.HSM Offshore Energy is an integrated solution provider in Engineering…

RWE Finds Partner for Delivery of Multi-GW Offshore Wind Projects

Mar 31, 2025

RWE has signed an agreement with Norges Bank Investment Management (NBIM) as its new partner for the Nordseecluster and Thor offshore wind projects, currently under construction.Under the agreement, NBIM will acquire a 49% stake in both projects…

ADNOC’s XRG Acquires Galp's Share in Mozambique Offshore Block

Mar 28, 2025

XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), has completed the acquisition of Galp’s 10% interest in the Area 4 concession in Mozambique's Rovuma Basin.The Rovuma Basin, one of the largest gas discoveries in the past 15 years…

Marubeni takes a 25% Stake in Windward Offshore

Mar 25, 2025

Windward Offshore has established a partnership with Marubeni Corporation. Windward, with a fleet of four CSOVs (Commissioning Service Operation Vessels) currently under construction at VARD shipyards, secured a senior loan facility of up to EUR 182m at the end of 2024…

Chouest Group Bolsters its Subsea Robotics, Acquires Kystdesign

Mar 19, 2025

The Chouest Group said it has acquired Kystdesign, a manufacturer of remotely operated vehicle (ROV) systems. 'We are thrilled to welcome Kystdesign and its talented team into the Chouest family,' said Dino Chouest. 'By joining forces, we will…

Apollo to Buy Majority Stake in OEG in Over $1B Deal

Mar 19, 2025

Asset manager Apollo has agreed to acquire a majority stake in offshore energy solutions business OEG Energy Group as part of the transaction worth over $1 billion.Apollo, through its funds managed by its affiliates, will take the majority share…

Current News

Mission Specialist Technology: VideoRay’s Technological Backbone

Mission Specialist Technology:

One Person Missing After Fire on Chevron’s Deepwater Platform off Angola

One Person Missing After Fire

Tidal Transit Welcomes New CTV to Its Fleet

Tidal Transit Welcomes New CTV

New Transfer Boat Set for Hornsea 2 Offshore Wind Service

New Transfer Boat Set for Horn

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine