Mergers & Acquisitions News

 

Woodside Confirms Talks to Buy BHP's Oil and Gas Business

Aug 16, 2021

Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum…

RWE CEO Doesn't Expect Large Renewables Deals in Next Few Years

Aug 12, 2021

RWE, Europe's third-largest renewables player, does not expect large deals in the sector in the next few years, its chief executive told journalists on Thursday after presenting first-half results.'I don't believe it because the market is growing so rapidly…

Ocean Infinity Buys Geowynd

Aug 12, 2021

Marine robotics company Ocean Infinity said Thursday it had acquired marine geotechnics experts, Geowynd.Based in the UK, with clients all over Europe, Geowynd’s team of geotechnical engineers provides consultancy services to aid the safe and…

Eneti to Acquire Seajacks

Aug 05, 2021

Offshore wind services company Eneti announced on Thursday it has entered into an agreement to acquire rival Seajacks, creating one of the world's largest, most capable fleets of wind turbine installation vessels (WTIV).Eneti said its deal with sellers Marubeni Corporation…

Subsea 7 Takes Majority Stake in Floating Wind Tech Player

Aug 02, 2021

Offshore services firm Subsea 7 on Monday revealed has reached a deal to acquire a majority interest in the equity of Nautilus Floating Solutions S.L., a Bilbao, Spain-based developer of technology for the floating wind market.Nautilus has developed…

Oil Search, Santos Close to Deal to Create Top 20 Global Oil Firm

Aug 02, 2021

Oil Search said on Monday it intended to recommend an improved buyout offer from Santos Ltd, worth A$8.4 billion ($6.2 billion), in a deal that would create a top-20 global oil and gas company.The merged group would own oil and gas assets in Australia…

Kent Acquires Majority of SNC-Lavalin's Oil and Gas Business

Jul 30, 2021

Bluewater-backed energy services firm Kent, formerly known as Kentech, has completed the acquisition of the majority of SNC-Lavalin’s oil and gas division, with a minority portion to follow at a later date. 'The Company now harnesses the strength…

Oilfield Services Sector Ripe for Consolidation, MSI Says

Jul 28, 2021

The offshore drilling sector – challenged by managing an oversupplied, highly competitive market combined with over-leveraged balance sheets, weak liquidity, and stressed financials – is ripe for consolidation, Maritime Strategies International said in a recent report…

Woodside Sees Shares Slide on News It Is Eyeing BHP Oil & Gas Assets

Jul 21, 2021

Shares in Woodside Petroleum fell on Wednesday after an unsourced media report said Australia's top independent gas producer was in talks to buy some or all of BHP Group's oil and gas assets, analysts and an investor said.Woodside shares ended down 2 cents in a broader market that rose 0…

Buyers Reportedly Line-up for a Crack at Seadrill

Jul 20, 2021

Noble Corp and a consortium that includes Transocean Ltd and Dolphin Drilling are competing to acquire the assets of Seadrill Ltd, the bankrupt offshore oil driller controlled by Norwegian-born tycoon John Fredriksen, people familiar with the matter said on Tuesday…

Oil Search Rejects $6.5B Takeover Offer from Santos

Jul 20, 2021

Oil Search rejected an unsolicited takeover proposal from Santos Ltd that valued the Papua New Guinea-focused oil and gas producer at A$8.8 billion ($6.5 billion), the two companies said on Tuesday.Oil Search said the offer was not in the best interests of shareholders…

NEO Energy Completes Acquisition of Zennor Petroleum

Jul 13, 2021

North Sea-focused oil and gas company NEO Energy has completed the acquisition of independent oil and gas company Zennor Petroleum Limited, first announced back in March.HitecVision-backed NEO Energy said in March it would acquire Zennor from Kerogen Capital for up to $625 million…

Offshore Wind Installation Giant in the Making: Subsea 7 to Merge Renewables Business with OHT

Jul 08, 2021

Subsea energy services firm Subsea 7 said Thursday it had agreed to merge its renewables business with OHT, and Oslo-listed heavy lift and transportation vessel owner which is building a fleet of offshore wind installation vessels, too.The combined…

PXGEO Buys Fugro's OBN Subsidiary Seabed Geosolutions

Jun 29, 2021

Offshore seismic surveyor PXGEO has completed the acquisition of Fugro's subsidiary Seabed Geosolutions, a company specializing in Ocean Bottom Node surveys.'The acquisition includes a substantial ocean bottom node inventory,  handling equipment…

V&SH Offshore Solutions Becomes Part of WTS Energy

Jun 23, 2021

V&SH Offshore Solutions, an offshore contractor specialized in testing and terminations, cable repairs, and outfitting of offshore high voltage assets has become a part of  WTS Energy, an energy services firm providing engineering support and manpower supply…

Current News

Seismic Firm Starts Review of Strategic Options, Including Potential Merger or Sale

Seismic Firm Starts Review of Strategic Options, Including Potential Merger or Sale

RWE Qualifies as Bidder for 270MW French Floating Wind Tender

RWE Qualifies as Bidder for 270MW French Floating Wind Tender

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Aker BP Gets Approval to Drill Mugnetind Offshore Prospect

Aker BP Gets Approval to Drill Mugnetind Offshore Prospect

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