Mergers & Acquisitions News


Reuters: Eni Looking to Sell Stake in Renewables Division to HitecVision

Feb 01, 2023

Italian energy group Eni is discussing with Norwegian private equity firm HitecVision a sale of a stake in its retail and renewables unit Plenitude, according to sources with knowledge of the talks.After freezing plans for an initial public…

Sale of CNOOC's $3B UK Portfolio Halted

Jan 31, 2023

CNOOC Ltd, China's top offshore oil and gas producer, has halted a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion, Bloomberg News reported.Although initial offers failed to meet CNOOC's expectations for the business…

Capricorn Energy Chair, CEO Step Down from Board

Jan 24, 2023

Capricorn Energy said on Tuesday that Nicoletta Giadrossi has stepped down from the board as chairperson with immediate effect, along with Chief Executive Officer Simon Thomson and three other directors. The British oil and gas producer said James Smith will remain the chief financial officer…

OSM Maritime and Thome Agree to Merge

Jan 19, 2023

OSM Maritime Group and Thome Group have agreed to a merger that will create one of the world's largest ship management companies.The combined company OSM Thome will be headquartered in Arendal, Norway, with technical management hubs maintained in Singapore and Europe…

CHC to Sell Offshore Helicopter Services UK to S. Africa-based Ultimate Aviation

Jan 18, 2023

Offshore transport firm CHC Helicopter Group (CHC), has agreed to sell Offshore Helicopter Services UK (OHS UK) to Ultimate Aviation Group, a South African headquartered international aviation business for an undisclosed fee.CHC is selling OHS…

Archer Could Buy Baker Hughes' Coil Tubing and Pumping Business in the UK

Jan 17, 2023

Archer Limited has signed a term sheet with Baker Hughes to potentially acquire Baker Hughes’ coil tubing and pumping  (“CT&P”) business in the United Kingdom. 'The CT&P business fits well within Archer’s overall strategy to grow our drilling…

NewMed Pressing Ahead with Capricorn Merger Ahead of Feb. 1 Vote

Jan 16, 2023

Israel's NewMed Energy LP said on Sunday it was making final arrangements for a merger with UK-based Capricorn Energy, whose shareholders will vote on whether to approve the deal on Feb. 1. Capricorn's shareholder ballot is due the same day…

Report: Shell Held Talks to Sell Norway Business Amid Renewable Energy Push

Jan 10, 2023

Shell held talks with Harbour Energy to sell its Norwegian oil and gas fields last year but could not reach a deal due to gas price volatility and uncertainty over the long-term outlook, three company sources told Reuters. London-based Shell…

Archer Buys Romar-Abrado

Jan 10, 2023

Oilfield services company Archer Limited has acquired Aberdeenshire-based firm Romar-Abrado, which offers services to the plugging and abandonment market. The acquisition is based on an enterprise value of USD 8 million, plus an earn-out pending trading performance over 2023 to 2025…

Serica Pushes for Expansion Beyond UK North Sea after Tailwind Deal

Jan 05, 2023

Serica Energy will look to expand beyond the British North Sea following the acquisition of smaller rival Tailwind in order to diversify its revenue sources, its chief executive said.Serica last month announced it had agreed to buy privately…

Reabold Acquires Simwell Resources

Jan 03, 2023

Reabold, the AIM-listed investing company with a portfolio of upstream oil and gas projects, said Tuesday it had completed the acquisition of Simwell Resources Limited.Simwell Resources Ltd's website info shows that Simwell is a privately funded…

Two Offshore Drilling Firms Set to Merge

Dec 23, 2022

Offshore drilling firms Seadrill Limited and Aquadrill (ex-Seadrill Partners) on Thursday announced a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. When the transaction is completed, Seadrill…

ADNOC to Buys 24.9% Stake in Austria's OMV from Mubadala

Dec 21, 2022

Abu Dhabi National Oil Company (ADNOC) has agreed to acquire a 24.9% shareholding in Austrian oil and gas group OMV from Abu Dhabi state fund Mubadala Investment Company, the two companies said on Wednesday. Upon closing of the transaction,…

UK North Sea Merger: Serica Energy to Buy Tailwind

Dec 20, 2022

UK North Sea oil producer Serica Energy has agreed to buy Tailwind Energy Investments Ltd ('Tailwind') from Tailwind Energy Holdings LLP.The consideration for the acquisition comprises the issue of up to 111,048,124 new ordinary shares in Serica…

Capricorn Energy's Board Faces Overhaul as Shareholder Calls for General Meeting

Dec 19, 2022

Capricorn Energy's third-biggest shareholder, Palliser, on Monday called for a general meeting to set a vote on removing seven Capricorn directors from supervisory roles, including the CEO, a plan Capricorn rejects.Palliser is one of a chorus…

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