Mergers & Acquisitions News


CGG's Sercel Buys ION Geophysical's Software Business

Sep 12, 2022

French seismic data firm CGG said Monday that its Sensing & Monitoring division Sercel had completed the acquisition of ION Geophysical Corporation’s (“ION”) software business.ION's software business includes Orca: a navigation system dedicated to streamers…

Siemens Energy Places 960 Million Euro Convertible Bond to Fund Siemens Gamesa Deal

Sep 06, 2022

Siemens Energy said on Tuesday it has a placed 960 million euro ($949.63 million) mandatory convertible bond to help fund its takeover bid for wind turbine maker Siemens Gamesa.It expects settlement of the notes to take place on or around Sept…

Capricorn Explores Other Deals as Tullow Merger Faces Backlash

Sep 06, 2022

Capricorn Energy, whose planned merger with rival Tullow Oil has faced investor backlash, said on Tuesday it was exploring alternative deals after unnamed parties expressed interest.Oil and gas producer Capricorn's proposed $827 million deal with Tullow has faced stiff opposition from investors…

EIVA Acquires SensorSurvey for Survey Solution Testing Partnership

Sep 06, 2022

EIVA a/s announced it recently acquired Danish hydrographic survey company SensorSurvey a/s.The two companies, having worked together for many years, are now taking the next step forward in bridging efforts – strengthening both EIVA’s product…

Brazil's PetroRio Looks to Buy Dommo Energia in $180M Deal

Sep 02, 2022

Brazilian oil company PetroRio said on Thursday it signed a memorandum of understanding to buy Dommo Energia, formerly known as OGX Petroleo e Gas SA, in a deal valued at 942.9 million reais ($179.9 million).Once the darling of Brazil's one-time richest man Eike Batista…

KOTUG Buys Seaways

Sep 01, 2022

Dutch marine services and towage firm KOTUG has closed the acquisition of Seaways, first announced in April. The fee was not disclosed.'The acquisition of Seaways brings together the assets, expertise and people of two leading companies that…

M&A: UK CMA Accepts Noble, Maersk Drilling Plan to Sell 5 Rigs to Alleviate Competition Concerns

Sep 01, 2022

The UK Competition and Markets Authority (CMA) has accepted Noble Corp. and Maersk Drilling's plan to sell certain rigs operating in the North Sea in order to alleviate competition concerns arising from the two drillers' planned merger.The two…

Alfa Laval Buys Tank Cleaning Firm Scanjet

Aug 31, 2022

Alfa Laval has acquired Scanjet, a supplier of tank cleaning equipment and solutions for marine, offshore and industrial applications. 'The acquisition will extend Alfa Laval’s broad tanker offering, creating a more comprehensive product portfolio for cargo tanks…

Buffett's Berkshire Hathaway Wins OK to buy 50% Occidental stake

Aug 22, 2022

A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp's OXY.N common stock.Occidental's share price soared 9…

Norwegian Oil Firm Expands into Ivory Coast

Aug 22, 2022

DNO ASA, the Norwegian oil and gas operator with operations in Kurdistan and the North Sea, is now expanding to West Africa with the agreed acquisition of offshore fields in Ivory Coast. DNO said Monday that RAK Petroleum plc would transfer its ownership of Mondoil Enterprises LLC to DNO…

Mainstream and Aker Offshore Wind Merger Completed

Aug 16, 2022

The transaction to combine Mainstream Renewable Power and Aker Offshore Wind to form a renewable company with a 27 GW portfolio has closed. The deal was first announced on July 12.Aker Horizons entered into an agreement with Aker Mainstream Renewables…

Beach Energy Results Disappoint. Hunt on for M&A in Australia, NZ

Aug 15, 2022

Beach Energy Ltd is shoring up its war chest for acquisitions in Australia and New Zealand, Chief Executive Officer Morne Engelbrecht said on Monday, after reporting a weaker-than-expected annual profit and production outlook.Shares in gas and oil producer Beach…

Nigerian President Pulls Approval of Exxon Mobil's Offshore Asset Sale

Aug 11, 2022

Nigeria's President Muhammadu Buhari has withheld his initial approval of Exxon Mobil's sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent.Buhari on Monday consented to the $1…

Capricorn Investor Palliser Calls on Management to Abandon Tullow deal

Aug 09, 2022

Capricorn Energy should ditch its proposed merger with Tullow Oil, investor Palliser has said in a letter seen by Reuters, describing it as 'one-sided' and short of 'meaningful strategic rationale.''The Proposed Merger appears to us to be a…

Petrobras Completes Espírito Santo Asset Sale

Aug 05, 2022

Petrobras has completed the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company 3R Petroleum Offshore…

Current News

Aqua Helix Gets Two-year Contract Offshore Brazil

Aqua Helix Gets Two-year Contract Offshore Brazil

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Portugal's First Offshore Wind Auction Set for 3Q as German, Nordic Firms Show Interest

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Canada's CNLOPB Licenses Equinor's Significant Offshore Oil Discovery

Veritas Capital Completes Wood Mackenzie Buy

Veritas Capital Completes Wood Mackenzie Buy

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