Mergers & Acquisitions News


Equinor to Sell Remaining Stake in Lundin Energy

May 05, 2020

Norwegian oil firm Equinor is offering to sell its remaining 4.88% stake in Swedish competitor Lundin Energy, bookrunners Morgan Stanley and SpareBank 1 Markets said in a statement on Tuesday.Equinor's sale of up to 14 million shares follows…

GMS Rejects 'Opportunistic' Takeover Proposal by Seafox

May 04, 2020

Gulf Marine Services (GMS), a UAE-based provider of offshore service jack-up units has rejected a takeover proposal from Seafox.Seafox on April 30, 2020, announced an unsolicited and non-binding approach to acquire the entire issued and to be issued share capital of Gulf Marine Services…

px Group Buys NRG Well Management

Apr 29, 2020

pX Group, the Stockton-on-Tees-based provider of energy and industrial solutions, has acquired a majority stake in Aberdeen-based NRG Well Management, a provider of well management services to the oil & gas industry.px Group said Wednesday that…

Offshore Helicopter Merger Nears Completion as HSR Waiting Period Ends

Apr 14, 2020

Offshore helicopter players Era and Bristow, which recently announced plans to merge, have skipped a hurdle towards the completion of the merger.Era said Tuesday that the waiting period for the proposed merger under the Hart-Scott-Rodino Antitrust Act ended on April 10…

Dyna-Mac, China Merchants Heavy Industry Form JV Firm

Apr 09, 2020

Singapore-based FPSO module specialist Dyna-Mac and China's offshore equipment and vessel builder China Merchants Heavy Industry Holdings (CMHIH) have entered into a joint venture deal.Under the agreement, the two companies will create the DM-CMHI Heavy Industry company in China…

Boskalis Buys Salvage Firm Ardent Americas

Apr 09, 2020

Dutch dredging and marine services giant Boskalis has acquired the U.S.-based maritime emergency response specialist Ardent Americas.Ardent, created by the 2015 merger of salvage divisions of Svitzer and Crowley, specializes in emergency preparedness and response…

Energean and Edison Exclude Algeria from E&P Sales Deal

Apr 03, 2020

Energean and Edison have entered into a formal agreement to exclude Algerian assets from the proposed sale of Edison's E&P business to Energean.Energean back in January said that Algeria would be excluded from Energean's pending acquisition of Edison E&P…

Centrica Pauses Spirit Energy Sale, Scraps Dividend. Shares Hit Record Low

Apr 02, 2020

Britain's largest energy supplier Centrica canceled its 2019 dividend and cut costs in anticipation of an increase in nonpayments by customers and a drop in demand due to the COVID-19 outbreak, sending its shares to record lows.The government…

Northland Power to Buy Offshore Wind Project in Canada

Mar 30, 2020

NaiKun Wind Energy company has entered into an agreement to sell the NaiKun Offshore Wind Farm - a project in early stages of development - located in the Hecate Strait off the coast of British Columbia, Canada to Northland Power.NaiKun said Monday that Northland…

ASCO Takes Full Ownership Of NORM Solutions

Mar 23, 2020

ASCO, a UK-based materials and logistics firm providing services to the oil and gas industry, has acquired full ownership over NORM Solutions.Norm Solutions is a provider of specialist cleaning, treatment and disposal services for oilfield equipment…

Energean Eyeing More Acquisitions in Mediterranean Sea

Mar 19, 2020

Israeli gas-focused group Energean is looking at possible further gas acquisitions in the Mediterranean, CEO Mathios Rigas said on Thursday, as the group announced $155 million in spending cuts.The cuts mean Energean will not drill two planned…

Chevron Wraps Sale of Malampaya Field Stake

Mar 13, 2020

U.S. oil major Chevron has completed the exit from the Shell-operated Malampaya gas project offshore the Philippines with the sale of its 45% non-operating interest in the field to Udenna Corporation. The sale deal was signed in October 2019…

Santos Sells 25% in Darwin LNG and Bayu Undan Field for $390M

Mar 12, 2020

Australia's oil and gas company Santos will sell a 25% interest in Darwin LNG and Bayu Undan gas condensate offshore field to SK E&S for US$390 million with effect from October 1, 2019 with customary adjustments on completion.Santos also said…

CNOOC Pondering Internal Merger for Gas, Power Unit

Mar 10, 2020

China National Offshore Oil and Gas Corp (CNOOC) is set to inject its struggling natural gas terminal and power unit into its flagship listed vehicle CNOOC Ltd, three senior sources with knowledge of the matter said. The plan for the internal merger…

WFW Advises Galloper on Sale of Assets

Mar 05, 2020

UK-based Galloper Wind Farm Ltd recently agreed the sale of its transmission assets relating to the 353 MW Galloper Wind Farm  to Diamond Transmission Partners pursuant to the Offshore Transmission Owner (OFTO) regime.The international law firm…

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Norway's Yme Field Start-up Could Face More Delays

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