Mergers & Acquisitions News

 

Panel Reviewing BP, Adnoc Offer for Israel's NewMed Seeks Higher Price

Oct 02, 2023

A panel reviewing a $2 billion offer by Abu Dhabi's national oil company and BP to acquire a 50% stake in Israeli gas producer NewMed has recommended raising the asking price by over 10%, casting doubt over the deal, sources said.The proposed…

Wintershall Dea Gets Takeover Interest from Groups Including TotalEnergies -Handelsblatt

Oct 02, 2023

BASF, which has said it is seeking an exit from its energy business Wintershall Dea, has attracted deal interest from companies including TotalEnergies and Equinor for the oil and gas unit, German newspaper Handelsblatt reported on Monday.BASF CEO Martin Brudermueller…

Norwegian Seismic Specialists TGS and PGS Set to Merge

Sep 18, 2023

Seismic group TGS, a supplier of key data to the oil industry, has agreed to buy loss-making rival PGS in an all-share deal valued at 9.3 billion Norwegian crowns ($864 million), the two Oslo-listed companies said on Monday.The groups expect 'significant economies of scale' from the combination…

Longboat Energy Expands Stake in Block 2A Offshore Sarawak with Topaz Acquisition

Sep 13, 2023

Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited ('Topaz'), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia ('Block 2A') to 52…

Sinopec Not Interested in Acquiring Shell's Singapore Assets

Aug 28, 2023

Asia's top refiner, Sinopec Corp 0386.HK, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday…

HAL to Sell 60% Stake in Offshore Foundation Installation Specialist IQIP

Aug 14, 2023

HAL, the Dutch investment subsidiary of HAL Holding, has agreed to sell 60% in IQIP, a supplier of foundation and installation equipment to the offshore wind, coastal & civil, and oil & gas markets.HAL acquired IQIP from Royal IHC in March 2023…

Endless Acquires Energy Logistics Firm ASCO

Aug 14, 2023

Private equity firm Endless has acquired the Aberdeen-based logistics and materials management firm ASCO. ASCO supports the energy industry with solutions for their logistics and material management requirements with stevedoring, environmental services…

Harbour Energy Bids Farewell to Vietnam: Big Energy Steps In

Aug 10, 2023

UK-based oil firm Harbour Energy said Thursday it would sell its business in Vietnam to Big Energy Joint Stock Company for a consideration of $84 million.  Harbour Energy's Vietnam business includes a 53.125 percent interest in the Chim Sao and Dua producing fields in Block 12W…

Indonesia's Big Gas Projects to Proceed after Global Majors Sell Stakes

Jul 25, 2023

Shell and Chevron's agreements to sell stakes in major Indonesian gas projects to Pertamina, Petronas and Eni ENI.MI will unleash development at the fields, enabling the country to boost its flagging output, the buyers said.Indonesia has seen…

Hexicon Board Rejects European Actor's Takeover Bid, Citing Undervaluation

Jul 17, 2023

The board of the Swedish floating wind technology developer Hexicon has rejected a bid on the company from an unnamed 'European actor.'The bid, which was conditional of the board's recommendation, was set at SEK 1.5 per share, corresponding…

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…

Current News

ADNOC Says AI Added $500 Million of Extra Value in 2023

ADNOC Says AI Added $500 Milli

Exail Launches SWaP-C AUV Inertial Nav System

Exail Launches SWaP-C AUV Iner

Perenco Kicks Off Five Well Drilling Campaign Offshore Cameroon

Perenco Kicks Off Five Well Dr

Multiconsult Pens Call-Off Deal for Hammerfest LNG Electrification

Multiconsult Pens Call-Off Dea

Subscribe for OE Digital E‑News

Offshore Engineer Magazine