Mergers & Acquisitions News

 

Boskalis Buys BoDo's Cable Lay Business

Dec 21, 2018

Dutch dredging and offshore contractor Royal Boskalis Westminster N.V. announced Friday it has reached a deal with Geramny-based SPIE to acquire the offshore cable installation activities and assets of Bohlen Doyen GmbH (BoDo).BoDo's operations…

SEACOR Marine to Acquire Brazil's UP Offshore

Dec 21, 2018

SEACOR Marine Holdings, the provider of marine and support transportation services to offshore oil, has announced the acquisition of UP Offshore (Bahamas)  by a new joint venture company that is 49% owned by a subsidiary of SEACOR Marine and…

Three60 Acquires North Sea Construction and Commissioning

Dec 20, 2018

Australian energy services group Three60 Energy  has acquired Aberdeen-based North Sea Construction and Commissioning (NSCC) for an undisclosed sum. This is now the fourth company to be added to the fast-developing energy services group which now employs over 320 people…

Oranje-Nassau Energie and Dyas Agree to Merge

Dec 20, 2018

British North Sea-focused oil and gas producers, Oranje-Nassau Energie (ONE) and Dyas, have agreed to merge to expand production, the privately-owned companies said on Thursday.The merged group, ONE-Dyas, will operate alongside a group of of…

RESMAN Acquires Restrack

Dec 20, 2018

Norwegian-based well and reservoir surveillance and intelligent tracer systems provider RESMAN AS announced it has agreed to acquire tracer service provider Restrack AS, in a share purchase agreement. The combined company will have up to 100 employees…

Faroe Rebuffs DNO Again

Dec 20, 2018

Britain's Faroe Petroleum reiterated on Thursday its opposition to a hostile bid by Norway's DNO, which it said was 'inadequate' and substantially undervalued the Aberdeen-based firm.DNO, which last week maintained its offer to buy Faroe in…

Chrysaor Sets Sights on Chevron's North Sea Assets

Dec 13, 2018

Private equity-backed oil firm Chrysaor has hired advisers ahead of talks to buy Chevron's British North Sea oil and gas fields for over $2.5 billion, industry and banking sources said.Chrysaor has signed up investment banks Jefferies and BMO…

Faroe Criticizes DNO's Takeover Bid as 'Opportunistic'

Dec 13, 2018

The oil and gas company with focus in Norway and the U.K. Faroe Petroleum has reaffirmed that Norwegian oil giant DNO ASA's GBP608mln ($761.65 million) unsolicited takeover offer for the AIM-listed firm is 'opportunistic' and 'substantially' undervalues it…

Scorpio Group Takes Over Nordic American Offshore

Dec 12, 2018

NYSE-listed offshore support vessel owner Scorpio Group has taken control of Nordic American Offshore (NAO), via a private placement into company’s shares worth $5 million.The investment, which took place via a private placement with Scorpio Offshore Investments…

Acteon Acquires Deepwater Corrosion Services

Dec 12, 2018

Acteon Group Ltd has acquired subsea corrosion specialist Deepwater Corrosion Services Inc. in a move to strengthen the group's ability to help customers manage the integrity of subsea infrastructure throughout the life of a field.Deepwater has designed…

DNO Makes $780 Mln Cash Bid for Faroe Petroleum

Dec 12, 2018

Norway's DNO is sticking to its offer to buy Faroe Petroleum for 152 pence per share, valuing the company at about 610 million pounds ($761.65 million), insisting it is an attractive offer despite its rejection by the Faroe board.The Faroe board…

Verus Boosts Production through Acquisitions

Dec 11, 2018

Verus Petroleum reports it boosted production from 1,500 to 18,000 barrels per day – a 12-fold increase in its production – in less than a year, through drilling and key acquisitions in the U.K. Continental Shelf.The private equity backed independent…

Tractebel Acquires Deutsche Offshore Consult

Dec 11, 2018

Belgium-based Tractebel Engie has, through its subsidiary Lahmeyer International, acquired Deutsche Offshore Consult GmbH (DOC) to strengthen its position in the offshore wind sector.German outfit DOC has staff covering all aspects of the offshore wind development process…

Neptune Completes VNG Norge Integration

Dec 10, 2018

Neptune Energy announced Monday it has completed the integration with the former VNG Norge business. The integrated business, Neptune Energy Norge, will be among the top five independent producers on the Norwegian Continental Shelf by equity…

Egypt Okays BP, Mubadala Acquisition of Stake in Eni's Noor Concession

Dec 10, 2018

Egypt’s petroleum ministry has signed an agreement for UK Petroleum giant British Petroleum (BP) and UAE investment fund Mubadala to buy a 45 percent stake in the country's Noor offshore natural gas concesion in the Mediterannean from Italy’s Eni…

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