Mergers & Acquisitions News


Harran Ltd. Fully Integrated and Rebranded as OEG Offshore Expands Service Portfolio

Jul 17, 2023

OEG Offshore UK (OEG), a provider of specialist offshore equipment, on Monday announced the complete integration and rebrand of Harran Ltd, an offshore helicopter refueling systems specialist.OEG Offshore said the move followed the acquisition…

Longboat Energy, JAPEX Establish Norwegian JV

Jul 17, 2023

Oil and gas exploration and production company Longboat Energy said Monday it had completed its transaction with Japan Petroleum Exploration Co., Ltd ('JAPEX') to establish a joint venture in Norway, with the initial investment of US$16 million received by the renamed entity Longboat JAPEX Norge AS…

Carbon Storage: Vår Energi Acquires Feistein CCS

Jul 11, 2023

Norwegian offshore oil and gas producing firm Vår Energi has acquired Feistein CCS – a company specializing in maturing large-scale, cost-efficient CO2 storage opportunities, in a push to accelerate decarbonisation efforts through carbon storage…

Japan's Mitsui to Acquire UK's Pipeline Repair Specialist STATS

Jul 05, 2023

Japan's Mitsui & Co. has executed a share purchase agreement to acquire 100% of the issued shares of Aberdeen-based STATS (UK) Ltd., a company that manufactures proprietary energy pipeline repair equipment and provides engineering services.The…

AGR and Add Energy Combine Drilling and Wells Services Expertise

Jul 04, 2023

AGR and Add Energy said Tuesday they were combining their expertise in drilling, wells, reservoirs, and energy transition technologies CCUS and geothermal under the AGR brand.This move follows the recent acquisition of AGR and Add Energy by global energy…

Longboat Energy to Buy Its First Producing Assets

Jul 03, 2023

Longboat Energy, an oil and gas exploration and production company with activities in Norway and Malaysia, has agreed to buy interests in producing offshore fields offshore Norway from INPEX Idemitsu.The company on Monday announced the acquisition of a 4…

Eni Sees Synergies of Up to $1B from Neptune Acquisition

Jun 26, 2023

Italian energy group Eni said that synergies from the $4.9 billion acquisition of private equity-backed Neptune Energy could reach $1 billion as the two groups integrate their operations across key geographies. The acquisition announced on Friday…

Eni, Vaar Agree to Buy Neptune Energy in $4.9 Billion Deal

Jun 23, 2023

Italy's Eni ENI.MI and its Norwegian unit Vaar have agreed to buy private-equity backed Neptune Energy in a deal valuing the assets of the gas and oil producer at $4.9 billion including debt, the two groups said on Friday.The acquisition, which is expected to be completed at the start of next year…

Cadeler and Eneti Agree to Merge

Jun 16, 2023

Offshore wind turbine and foundation installation companies Cadeler and Eneti announced they have agreed to merge through a stock-for-stock exchange.The combined company will be named Cadeler, headquartered in Copenhagen, Denmark, with its shares…

Eni Intensifies Talks to Sell Stake in Low-carbon unit - Sources

Jun 15, 2023

Italian energy group Eni has intensified talks with several investors over a potential sale of a minority stake in its renewables and retail business Plenitude, three sources with knowledge of the matter said on Wednesday.Two of the sources…

North Sea Oil Producer Harbour in Merger Talks with Talos - Sources

Jun 07, 2023

Britain's largest North Sea oil and gas producer, Harbour Energy, is in talks to merge with Gulf of Mexico peer Talos Energy, four people familiar with the matter said on Tuesday.The move would offer Harbour an opportunity to list in New York…

Denmark's Semco Maritime to Acquire German Firm Wind Multiplikator

Jun 01, 2023

Denmark-based engineering and contracting group Semco Maritime has agreed to acquire German firm Wind Multiplikator, specialized in managing offshore wind farms and projects and providing engineering and consulting services.The transaction also…

Investment Firm Kistos Acquires Mime Petroleum, Gains Access to Norway's Offshore Oil Fields

May 23, 2023

The investment firm Kistos said Tuesday it had acquired all of the outstanding shares of Norway-focused oil company Mime Petroleum A.S. ('Mime') from Mime Petroleum S.a.r.l.Mime holds a 10% interest in the Balder joint venture, comprising the Balder and Ringhorne fields offshore Norway…

OSM Maritime Group and Thome Group Get Merger Approvals, Creating a Ship Management Giant

May 22, 2023

OSM Maritime Group and Thome Group have received approvals from competition authorities to merge and create one of the world's largest ship management companies.The merged company, OSM Thome, says it will be a powerhouse in the international ship management market…

Jadestone Energy Gets NOPTA Nod for CWLH Title Transfer, Key to Drawing RBL

May 17, 2023

Asia-pacific focused oil and gas company Jadestone Energy has received approval from Australia’s National Offshore Petroleum Titles Administrator (“NOPTA”) for the title transfer relating to the acquisition of the interest in the Cossack, Wanaea…

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