Mergers & Acquisitions News

 

Offshore Renewables Push: DeepOcean Buys Installit from Endúr

Apr 07, 2022

Subsea services company DeepOcean has agreed to acquire the Norwegian engineering and technology company Installit AS from Oslo-listed Endúr ASA to strengthen the group’s offering within offshore renewables. DeepOcean and Endure have agreed to not disclose the financial details of the transaction…

Ithaca Energy to Buy Summit E&P, as Sumitomo Exits UK's Upstream Oil & Gas Sector

Apr 01, 2022

London-listed oil and gas company Ithaca Energy said Thursday it had agreed to acquire Summit Exploration and Production Limited, a UK North Sea-focused oil company and a subsidiary of Japan's Sumitomo.In the announcement of its financial results…

Hungary's MOL Sells UK North Sea Assets to Waldorf

Mar 24, 2022

Hungarian oil and gas company MOL has signed a deal to sell its entire upstream portfolio in the UK North Sea to Waldorf Production.The divested offshore assets include MOL’s 20% stake in the Catcher field, a 50% stake in Scolty & Crathes, and a 21…

Reach Subsea Set to Complete Acquisition of iSurvey

Mar 22, 2022

Norway-based subsea services company Reach Subsea is set to close the acquisition of the offshore survey company iSurvey, first announced in mid-February.As previously reported, Reach Subsea said on February 17 it had agreed to buy the offshore…

Baker Hughes Buys Well Intervention Firm Altus Intervention

Mar 22, 2022

Oilfield services giant Baker Hughes has agreed to acquire Norway-based well intervention specialist Altus Intervention.The company said the acquisition of the well intervention services and down-hole oil & gas technology company, complemented…

Consolidation is King – Tidewater and Swire Pacific Offshore

Mar 18, 2022

Tongues are wagging in the offshore sector, as one of the longest-running rumors in the market has finally come true. U.S. offshore vessel owner Tidewater Marine has acquired Singapore's Swire Pacific Offshore for USD 190 million, the company’s…

Noble Corporation and Maersk Drilling Select Executive Team for Combined Company

Mar 18, 2022

Offshore drilling companies Noble Corporation and Maersk Drilling, which are set to merge, on Friday announced executive management team for the combined company.The executive management team appointments will be effective after the closing of the business combination announced on November 10…

Harbour Energy's Post-merger Cashflow Rises to $678M

Mar 17, 2022

Harbour Energy, the British North Sea's biggest oil and gas producer, reported on Thursday free cash flow of $678 million for 2021 in its first full-year results after its merger with Premier Oil, up from a pro-forma $562 million in 2020.It forecast that…

Acteon's Claxton to Acquire Oceaneering's Decommissioning Personnel and Assets

Mar 16, 2022

Claxton, a brand within Acteon’s drilling and decommissioning segment, has agreed to acquire decommissioning personnel and assets from Oceaneering.From the anticipated closure date of March 30, 2022, certain Oceaneering staff based in Norway will transfer to Claxton…

ECA Group and iXblue Discussing Merger

Mar 14, 2022

French autonomous robotics companies ECA Group and iXblue have entered an exclusive negotiations period to bring the two French companies together and merge, and create 'a European high-tech industrial champion in the fields of maritime, inertial navigation…

Eco Atlantic Agrees to Buy Guyana-focused JHI

Mar 14, 2022

Oil and gas company Eco Atlantic has agreed to acquire 100% of Toronto-based JHI Associates Inc. ('JHI'), including JHI's 17.5% stake in the Canje Block offshore Guyana.The Canje Block, offshore Guyana, is directly adjacent to the prolific Stabroek…

BP, Eni Clinch Deal on Angola Joint Venture

Mar 11, 2022

Eni and BP have completed a deal to merge their oil and gas operations in Angola, the groups said on Friday, confirming what sources earlier exclusively told Reuters.The deal will create a company called Azule Energy that is expected to be Angola’s…

Noble Corporation and Maersk Drilling Select Board Members of Merged Company

Mar 10, 2022

Offshore drilling companies Noble Corporation and Maersk Drilling, which are set to merge, on Wednesday announced Board of Directors for the combined company, to be effective upon the closing of the business combination announced on November 10…

HAL Plans to Make Takeover Offer for Boskalis and Take It Private

Mar 10, 2022

HAL Holding said Thursday it intended to launch an offer for the Dutch marine services and dredging giant Boskalis' all issued and outstanding ordinary shares of Boskalis, at €32.50 per share.HAL, which currently holds 46.2% of the issued Boskalis shares…

'World's Largest OSV Fleet': Tidewater to Buy Swire Pacific Offshore

Mar 09, 2022

U.S.-based offshore support vessel owner Tidewater said Wednesday it had agreed to acquire Swire Pacific Offshore Holdings Limited (SPO), a subsidiary of Swire Pacific Limited for around $190 million. Tidewater said the transaction would create…

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