Mergers & Acquisitions News

 

Report: PetroRio-Cobra Win Bid to Acquire Petrobras' Albacora Offshore Field

Oct 07, 2021

Update: Following the release of news that Petrobras has selected PetroRio SA and Cobra as winning bidders for the Albacora field acquisition, Petrobras released a statement denying this. Read more here.Brazil state oil giant Petrobras has chosen a consortium of PetroRio SA and Cobra, a subsidiary of France's Vinci SA, as the top bidder for its Albacora offshore oilfield, four people with knowledge of the matter said…

RockRose Takes Over SSE's UK North Sea Gas Fields

Oct 15, 2021

Viaro Energy's subsidiary RockRose has completed the acquisition of several producing assets in the UK North Sea from SSE for £120 million (US$164 million) with an additional contingent payment of £40 million (US$54 million).RockRose acquired…

Autonomous Future: Ocean Infinity Buys Red Rock

Oct 12, 2021

Marine robotics company Ocean Infinity has acquired Norway-based company Red Rock, a company providing offshore lifting and handling equipment, as well as AI-supported autonomous equipment and operations.Announcing the acquisition, Ocean Infinity…

GlobalData: Woodside's Acquisition of BHP's Oil Business 'Complicates' ESG Narrative

Oct 08, 2021

Woodside's recent acquisition of BHP's oil and gas business is making its ESG narrative complicated, energy intelligence firm GlobalData said, as BHP's assets it has acquired will boost Woodside's oil production and ultimately lead to a more carbon-intensive product base over the near term…

Shopping Spree: OEG Offshore Buys Hughes Subsea Services

Oct 07, 2021

UK-based offshore equipment provider OEG Offshore has acquired Hughes Subsea Services (Hughes), an integrated subsea service company.This is OEG Offshore's second acquisition in a little over a week, when it bought Fern Communications.Hughes…

Xodus Buys Ocean Geo Solutions

Oct 05, 2021

Energy industry consultancy Xodus has bought Houston-based data interpretation consultancy Ocean Geo Solutions (OGS), adding capabilities in geophysical data processing, interpretation, and reporting.OGS assesses seabed and subsurface conditions…

Expro, Frank's Merge

Oct 04, 2021

UK-based oilfield services firm Expro and Dutch-based drilling and completions solutions provider Frank’s International have completed the previously announced all-stock merger.The combined company has assumed the Expro Group Holdings name.'This…

MHWirth, Subsea Drilling Systems Merge to Create HMH

Oct 01, 2021

Oilfield services firm Baker Hughes and Norway's Akastor have completed the previously proposed merger of Baker Hughes’ Subsea Drilling Systems (SDS) business with Akastor’s subsidiary, MHWirth AS (MHWirth).MHWirth provides advanced drilling solutions and services…

Polish PGNiG Buys INEOS' Oil and Gas Business in Norway for $615M

Sep 30, 2021

INEOS Energy has completed the $615 million sale of its oil and gas business in Norway to Poland's PGNiG.The deal, first announced in March 2021, includes all INEOS Oil & Gas interests in production, licenses, fields, facilities, and pipelines…

OEG Offshore Acquires Fern Communications

Sep 29, 2021

Offshore equipment provider OEG Offshore (OEG) has acquired Lowestoft‐based offshore communications specialist Fern Communications (Fern), which designs and manufactures offshore communications systems The deal comes a week after Fern signed…

UK Competition Watchdog Launches Probe into Offshore Helicopter Deal

Sep 24, 2021

Offshore helicopter transportation company CHC on September 1 said it had completed the acquisition of Babcock International’s offshore oil and gas aviation business. Now, the UK competition watchdog Competition and Markets Authority has launched an inquiry to see whether the deal has resulted…

Norwegian Competition Watchdog OK with Aker Solutions, AF Gruppen Offshore Recycling JV

Sep 21, 2021

Aker Solutions' and AF Gruppen's proposed offshore decommissioning businesses merger has been given a green light by the Norwegian Competition Authority.The Norwegian Competition Authority on Monday informed the two firms it had no objections to the merger…

Svanehøj Buys Wärtsilä Tank Control Systems

Sep 17, 2021

Finland-based marine equipment and technology firm Wärtsilä has sold Wärtsilä Tank Control Systems business to Svanehøj, a Danish gas pump specialist involved in the design and manufacture of specialized deep well pump solutions within the areas of gas pumps…

BHP Handing Smaller than Expected $3.9B Clean-up tab to Woodside in Oil Merger

Sep 14, 2021

BHP Group will transfer a smaller-than-expected $3.9 billion in oil and gas decommissioning liabilities to Woodside when it merges its petroleum business with the independent Australian gas producer.Woodside's shares jumped 6.5% after the figure was disclosed in BHP's annual report on Tuesday…

KKR to Buy Norway's Ocean Yield for $829M

Sep 13, 2021

U.S. investment firm Kohlberg Kravis Roberts (KKR) has agreed to buy Norwegian ship owning company Ocean Yield for 7.2 billion Norwegian crowns ($829 million), the two companies said in a joint statement on Monday.KKR's bid of 41 Norwegian crowns…

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