Mergers & Acquisitions News

 

Verisk to Sell Wood Mackenzie to Veritas for More Than $3B

Oct 31, 2022

Global data analytics provider Verisk has agreed to sell its energy intelligence subsidiary Wood Mackenzie to Veritas Capital for $3.1 billion in cash consideration payable at closing plus future additional contingent consideration of up to $200 million…

Sembcorp Marine to Buy Keppel Offshore & Marine for $3.2B, Scraps Merger Plan

Oct 27, 2022

Singapore's Sembcorp Marine (Sembmarine) scrapped a deal to merge with Keppel Corp's offshore and marine unit and form new company, in favour of directly buying the unit for S$4.50 billion ($3.19 billion), the Temasek-backed oil rig builder said on Thursday…

Capricorn Investor Palliser Opposes Planned Merger with NewMed

Oct 27, 2022

Capricorn investor Palliser Capital said on Thursday it opposed Capricorn's planned merger with Israel's NewMed Energy, echoing its criticism of a previous failed merger plan with Tullow, as undervaluing the company. The Capricorn-NewMed deal would create an Israel-Egypt-focused gas producer…

Time to Move On: Jadestone, OMV 'Reluctantly' Scrap New Zealand Oilfield Deal Citing Regulatory Uncertainty

Oct 27, 2022

Oil and gas companies Jadestone Energy and OMV New Zealand have 'reluctantly' agreed to terminate the sale and purchase agreement to acquire an operated 69% interest in the Maari Project, offshore New Zealand, citing regulatory uncertainty.Singapore…

Aker No Longer Part of Group Seeking to Buy OMV's E&P Business

Oct 19, 2022

Norway's Aker ASA said on Wednesday it was no longer part of a consortium that had made an unsolicited offer in July to buy most of Austrian oil and gas firm OMV's exploration and production business. Austrian newspaper Kurier on Tuesday reported that Aker…

Norway's Equinor May Buy UK North Sea Oil Fields from China's CNOOC

Oct 17, 2022

Norway's Equinor considering buying oilfields in the British North Sea from China's CNOOC, including a big stake in the huge Buzzard oilfield, two industry sources told Reuters on Monday. The deal is valued at between 20 billion and 30 billion Norwegian crowns ($1…

CORRECTED - Waldorf Agrees to Buy KNOC-owned Dutch N. Sea Gas Producer Dana

Oct 06, 2022

Corrects with Dana Petroleum spokesman comment to clarify deal refers only to Dutch business.Korea National Oil Corporation agreed to sell the Dutch assets of North Sea oil and gas producer Dana Petroleum to private firm Waldorf Production,…

Noble Corporation Sells Five Jack-up Rigs to Shelf Drilling

Oct 06, 2022

Offshore drilling company Noble Corporation has completed the sale of five jack-up drilling rigs,  the Noble Hans Deul, Noble Sam Hartley, Noble Sam Turner, Noble Houston Colbert, and Noble Lloyd Noble, to Shelf Drilling for $375 million.The…

Sval Energi Completes $1.3B NCS Acquisitions

Oct 04, 2022

Norwegian energy company Sval Energi said Monday it had strengthened its position on the Norwegian Continental Shelf by closing the previously announced Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge AS…

Offshore Drillers Noble Corporation and Maersk Drilling Complete Merger

Oct 03, 2022

Offshore drilling companies Noble Corporation and Maersk Drilling have completed their merger.The transaction concluded through the completion of Noble’s recommended voluntary public share exchange offer to the shareholders of Maersk Drilling…

Groupe Gorgé Completes Its Acquisition of iXblue

Sep 29, 2022

French tech company Groupe Gorgé on Thursday announced it has finalized its acquisition of iXblue.Notably, the deal brings together iXblue and ECA Group, creating a European high-tech industrial leader in the fields of robotics, maritime, navigation…

Capricorn Energy Drops Tullow Merger Plan in Favor of Israel's NewMed

Sep 29, 2022

Capricorn Energy plans to merge with Israel's NewMed in an all-share deal after paying a $620 million special dividend to its shareholders, ditching a previous scheme to merge with Tullow Oil.The Capricorn-NewMed deal would create an Israel…

Proserv Acquires Stake in Power System Monitoring Expert, Synaptec

Sep 28, 2022

Global controls technology company Proserv has acquired a minority stake in Glasgow-based power system monitoring expert, Synaptec, with whom it had initially formed a strategic alliance in October 2020 to drive forward the innovation of disruptive…

Talos to Buy Gulf of Mexico Oil Producer EnVen in $1.1 Billion Deal

Sep 22, 2022

Talos Energy Inc said on Thursday it will buy EnVen Energy Corp, a private producer in the deepwater U.S. Gulf of Mexico, in a $1.1 billion deal including debt.The acquisition will add 24,000 barrels of oil equivalent per day of production for…

Partners Group Sells Stake in Dutch Offshore Wind Farm

Sep 19, 2022

Swiss private equity firm Partners Group said it has agreed to sell its 20% stake in Dutch offshore windfarm Borssele III / IV to Swiss Life Asset Managers.Borssele is a fully operational offshore windfarm located 55 kilometers from the Port of Vlissingen in the Netherlands…

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