Mergers & Acquisitions News

 

Kraken Robotics Buys Brazil's 13 Robotics

Apr 19, 2021

Canada-based offshore robotics company Kraken Robotics has acquired Brazil's 13 Robotics Ltda of Brazil (“13R”).The 13R team, with offices in Rio de Janeiro and Salvador, Brazil, consists of software developers and engineers who have significant…

Offshore Lighting Solutions Firm Glamox Buys Luminell

Apr 19, 2021

Glamox, a supplier of lighting solutions to the marine and offshore markets, has signed an agreement to acquire the Norwegian company Luminell Group AS.Established in 2010, Luminell develops and provides floodlights, searchlights, and lighting controls in the marine and offshore lighting market…

Noble Corp. Completes Pacific Drilling Acquisition

Apr 16, 2021

Offshore drilling contractor Noble Corporation has completed the acquisition of Pacific Drilling. Noble Corporation said Friday the Pacific Drilling hi-spec ultra-deepwater drillship fleet would further enhance Noble's global position 'as an…

FAR Postpones Vote on Sangomar Sale as Shareholders Study Remus Offer

Apr 15, 2021

Australia's oil and gas explorer FAR Ltd on Thursday postponed a vote on the sale of its stake in an oil project off Senegal for the third time while investors study a takeover offer from private investment firm Remus Horizons.Remus' A$209.6 million ($161…

Remus Horizons Moves to Take Over FAR, Enter Senegal Offshore Block

Apr 14, 2021

Private investment fund Remus Horizons has launched a conditional takeover offer for the Australian oil company FAR, which owns a stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development.FAR has recently agreed to sell its stake in the Sangomar to Woodside…

Wind Turbine Blade Services Providers GEV and WPL Merge

Apr 12, 2021

U.K. headquartered wind turbine blade repair and maintenance provider GEV Wind Power has merged with Wind Power Lab (WPL), a Danish firm providing intelligent technology based blade solutions to wind park operators.GEV provides field blade repair…

Marlink Gets OK to Acquire ITC Global from Panasonic

Apr 12, 2021

Maritime connectivity and IT solutions provider Marlink Group has obtained final regulatory approvals to acquire 100% of ITC Global from Panasonic. 'The Marlink and ITC Global management teams are preparing for a swift closing of the transaction in the coming weeks…

Jersey Oil & Gas Completes Cieco V&C Acquisition

Apr 07, 2021

UK-focused oil and gas company Jersey Oil & Gas (JOG) has completed the acquisition of Cieco V&C, a company that owns an interest in JOG-controlled Licence P2170, in the UK North Sea, from the Japanese companies Itochu and Jogmec.Under the agreement first announced on November 26…

Tailwind Energy Buys Decipher Energy

Apr 01, 2021

UK-focused oil company Tailwind Energy has acquired Decipher Energy Limited, an oil and gas company with assets in the UK North Sea.'This acquisition will allow Tailwind to continue to deploy its strategy of exploiting organic production and…

Coatings Giant Hempel Buys Wattyl Australia and New Zealand

Apr 01, 2021

Coatings manufacturer Hempel has completed the acquisition of Wattyl Australia and New Zealand, increasing its footprint in Australia and New Zealand.On 18 February 2021, Hempel A/S signed an agreement to acquire leading paint and coatings manufacturer…

Romgaz Bids to Buy Exxon's Romanian Subsidiary

Apr 01, 2021

Romanian oil and gas company Romgaz has filed a takeover offer for ExxonMobil's Romanian subsidiary holding a share in an offshore block in the Black Sea.ExxonMobil Exploration and Production Romania Limited holds a 50 percent stake in the XIX Neptun Deep Block in the Black Sea…

Lukoil Pulls Out of Sangomar Race as it Decides Not to File Takeover Bid for FAR

Apr 01, 2021

Russian oil company Lukoil has decided not to launch a binding takeover offer for Australian oil firm FAR, which owns a share in the Sangomar field offshore Senegal.FAR had in February received a conditional non-binding indicative proposal from Lukoil to acquire the shares of FAR at 2…

Chrysaor, Premier Oil Set to Complete Merger and Become Harbour Energy

Mar 31, 2021

The merger of Chrysaor and Premier Oil is due to complete on Wednesday, creating Harbour Energy, the UK North Sea's biggest oil and gas producer, which will replace Premier's stock exchange listing from Thursday, Premier said.The reverse takeover of Chrysaor by Premier Oil…

Fugro to Sell Seabed Geosolutions to PXGEO

Mar 30, 2021

Dutch offshore survey services company Fugro has agreed to sell its Seabed Geosolutions subsidiary to PXGEO Seismic Services (PXGEO) for USD 16 million (approximately EUR 14 million) in cash. The transaction is expected to be completed in mid-2021…

Sval Energi Wraps $300M Edison Norge Buy

Mar 25, 2021

Norwegian oil and gas company Sval Energi said Thursday it had completed the $300 million acquisition of Edison Norge.The deal, first announced in December 2020, sees HitecVision-backed Sval acquiring ten production licenses on the Norwegian continental shelf…

Current News

Seismic Firm Starts Review of Strategic Options, Including Potential Merger or Sale

Seismic Firm Starts Review of Strategic Options, Including Potential Merger or Sale

RWE Qualifies as Bidder for 270MW French Floating Wind Tender

RWE Qualifies as Bidder for 270MW French Floating Wind Tender

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Drilling Contract Terminated for Sunken Jack-up Rig in Malaysia

Aker BP Gets Approval to Drill Mugnetind Offshore Prospect

Aker BP Gets Approval to Drill Mugnetind Offshore Prospect

Subscribe for OE Digital E‑News

Offshore Engineer Magazine