Mergers & Acquisitions News

 

Equinor Nears $1 Billion Deal to Buy Suncor's UK Oilfields

Mar 01, 2023

Norway's Equinor is close to reaching a deal to buy Suncor Energy's British North Sea oil and gas assets for around $1 billion, three sources familiar with the matter told Reuters on Wednesday.The deal includes Suncor's 40% stake in the Equinor-operated offshore Rosebank oil and gas project…

UK Competition Watchdog Okays Baker Hughes-Altus Deal

Mar 01, 2023

UK's competition regulator said on Wednesday it has cleared oilfield services firm Baker Hughes Co's acquisition of Altus Intervention after the companies took steps to allay concerns raised by the watchdog.The Competition and Markets Authority…

Equinor takes Stake in Wellesley O&G Finds

Mar 01, 2023

Equinor agreed to buy oil and gas stakes in five discoveries in the Troll, Fram and Kvitebjoern areas of the North Sea from Wellesley Petroleum AS.The amount for the purchase was undisclosedThe transaction strengthens Equinor's position in a…

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Feb 28, 2023

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…

UK's Engineering Giant Wood Group Rejects Takeover Approach

Feb 24, 2023

Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…

SSY Acquires Westshore, Enters Offshore Sector

Feb 23, 2023

Simpson Spence Young (SSY) agreed on the terms to acquire Norwegian Westshore Shipbrokers AS, part of SSY’s strategy to enter into the global offshore sector. Based in Kristiansand, Norway, Westshore was launched in 1987.“This acquisition marks…

Merced Capital Acquires Offshore Construction Firm Telford Offshore. New CEO Named

Feb 20, 2023

Merced Capital has completed the acquisition of Dubai-based offshore construction vessel owner and service provider Telford Offshore.Telford Offshore, which offers offshore consturction and pipelaying services, said that as part of the transaction…

SCF Partners Buys Global E&C from Global Energy Group

Feb 15, 2023

Houston-based firm SCF Partners has acquired Abedeen-based engineering, procurement and construction (EPC) service provider Global E&C, from Global Energy Group for an undisclosed sum.Global E&C employs more than 1,000 people, with more than…

Capricorn Energy Cancels Merger with NewMed Energy Following Shareholder Pressure

Feb 15, 2023

British oil and gas producer Capricorn Energy on Wednesday pulled the plug on its planned merger with Israeli gas group NewMed Energy after months of shareholder pressure that also toppled Capricorn's leadership.Activist investor Palliser and…

Kpler Buys Ship Tracking Firms MarineTraffic and FleetMon

Feb 15, 2023

Brussels-headquartered data and analytics group Kpler has bolstered its presence in the maritime space with the acquisition of ship tracking companies MarineTraffic and FleetMon, the company said on Wednesday. Tracking the movement of ships has become an integral part of trading strategies…

Talos Energy Completes EnVen Acquisition

Feb 13, 2023

Talos Energy Inc., a U.S.-based offshore oil and gas producer, has completed its previously announced acquisition of EnVen Energy Corporation ('EnVen'). Talos, which owns oilfields in both the U.S. side and the Mexican side of the Gulf of Mexico…

Expro Buys DeltaTek

Feb 09, 2023

Oil and gas well services firm Expro said Thursday it had acquired the well construction cementing specialists DeltaTek Global.'The acquisition allows Expro to broaden its offering, capabilities, and technology portfolio within the well construction cementing sector…

Archer to Buy Baker Hughes' UK Coil Tubing and Pumping Business

Feb 08, 2023

Archer Limited and Baker Hughes Limited have signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom.The definitive agreement follows a term sheet signed in January.Baker Hughes…

Veritas Capital Completes Wood Mackenzie Buy

Feb 03, 2023

Veritas Capital has completed the acquisition of energy industry intelligence company Wood Mackenzie from Verisk.The acquired company will be led by Mark Brinin, who has been promoted from Co-President to Chief Executive Officer. Joe Levesque…

Capricorn to Review Business after Shareholders Back New Directors

Feb 02, 2023

Capricorn Energy shareholders on Wednesday voted in favor of six new directors proposed by activist shareholder Palliser, and the British oil and gas company said the new board would conduct a strategic review of its businesses.The shareholder vote comes days after five directors…

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