Mergers & Acquisitions News

 

Ørsted Sells Half of US Offshore Wind Assets

Feb 10, 2019

Denmark’s Ørsted is selling a 50% stake in a portfolio of offshore wind assets to New England utility Eversource Energy, for about $225 million.'Ørsted and Eversource have been partners in the Massachusetts Bay State Wind offshore wind project and with this announcement, we further strengthen our strategic 50-50 partnership in the North-East,' said a press release from the largest energy company in Denmark…

Ophir Agrees to be Bought by Medco

Mar 21, 2019

London-listed Ophir Energy Plc said on Wednesday it agreed to be bought by Indonesian oil and gas group Medco for a sweetened cash bid of 408.4 million pounds ($539 million) after previously agreeing to a lower offer.Under the terms, Ophir shareholders will receive 57…

MeeMaken Buys Into Blue Offshore

Mar 21, 2019

Venture capital company MeeMaken BV has acquired a majority stake in Dutch carousel and tensioner manufacturer Blue Offshore Group. Blue Offshore’s management team will maintain ownership of a minority of the company’s shares.Blue Offshore, headquartered in The Hague…

Global Energy Takes Over Apollo Offshore

Mar 21, 2019

Global Energy Group, the provider of contract services to the oil and gas industry, has bought a majority stake in Aberdeen-based Apollo Offshore Engineering, forming a new contractor firm.The new company will be named Global Engineering and Construction (E&C)…

4Subsea Acquires Astori

Mar 20, 2019

Engineering firm 4Subsea said it has acquired Astori, a Norwegian provider of subsea control systems for well intervention operations.Astori delivers subsea control systems for simplified XT installations that can operate all types of XTs from all main vendors…

Aker Solutions Buys Stake in Airborne

Mar 15, 2019

Airborne Oil & Gas announced Friday that Aker Solutions has joined its shareholder base to further strengthen, integrate and diversify its range of thermoplastic composite pipe (TCP) solutions for the international subsea sector.The global engineering…

EC Probes E.ON-Innogy Merger

Mar 11, 2019

The European Commission has opened an in-depth investigation into German utility E.on's  takeover of certain assets from domestic Innogy, saying the transaction may lead to higher prices for consumers.The deal, which is worth a reported €43 billion ($48 billion at today's conversion rate)…

Boskalis Buys UAE's Horizon Group

Feb 22, 2019

Dutch marine contractor Royal Boskalis Westminster has acquired a 62.5% majority stake in the UAE's Horizon Group to expand its surveying capabilities.According to press statement, the remaining 37.5% of the shares will be held by the incumbent management…

Ensco, Rowan Merger Approved

Feb 22, 2019

Offshore drilling contractors Ensco plc and Rowan Companies plc Rowan Companies plc have received the final approval for their merger, which was announced four months ago.In a joint announcement, shareholders for both companies voted to approve…

Verus Petroleum Up For Sale

Feb 21, 2019

Private equity firm HitecVision is seeking to sell its British North Sea oil and gas production unit Verus Petroleum, which last year completed a string of large acquisitions ramping up its output, industry and banking sources said.The sale…

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…

Consortium Buys Veja Mate Offshore Wind

Feb 14, 2019

A consortium led by asset manager Commerz Real AG, WPD Invest, KGAL and IKEA franchisee Ingka Group will acquire an 80% stake in the 402-MW Veja Mate offshore wind park in the German North Sea.Veja Mate offshore wind park in the North Sea  is…

Danos Acquires Shamrock Energy Solutions

Feb 13, 2019

Danos announced Wednesday it has reached a tentative agreement to acquire the assets and business of fellow Louisiana-based oilfield service company Shamrock Energy Solutions.Danos said it expects the deal to be effective in March 2019, and…

Aker Solutions Eyeing Acquisitions

Feb 11, 2019

Oil services firm Aker Solutions is considering whether to make acquisitions to boost its business, Chief Executive Luis Araujo told Reuters.'We are confident that we can go alone, but if opportunities appear to bring more value to our shareholders we will consider that…

Current News

Aker BP to Use Maersk Rig on Ivar Aasen

Aker BP to Use Maersk Rig on Ivar Aasen

TÜV NORD to Certify SGRE

TÜV NORD to Certify SGRE

GROW, Dutch Ministry to Grow Offshore Innovation

GROW, Dutch Ministry to Grow Offshore Innovation

Keppel Wins $425m Deal with Awilco Drilling

Keppel Wins $425m Deal with Awilco Drilling

Island Drilling Gets CNOOC Rig Contract

Island Drilling Gets CNOOC Rig Contract

OGA Grows Collaboration with Renewables

OGA Grows Collaboration with Renewables

Gardline Surveying for i3

Gardline Surveying for i3

Subscribe for OE Digital E‑News

OE Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week