Mergers & Acquisitions News

 

UOS Completes Acquisition of UOS Support and Hartmann Offshore

Oct 22, 2018

German offshore industry service provider United Offshore Support (UOS) announced that it has completed its acquisition of the commercial and technical-nautical management businesses of both UOS United Offshore Support and Hartmann Offshore…

SDX Terminates Talks Over BP's Egyptian Assets

Oct 19, 2018

North Africa-focused oil company SDX Energy has terminated talks for a potential acquisition of assets in Egypt from the oil giant BP.A press release from SDX announced that further to the announcement made on September 20, 2018, discussions…

After Denmark, Noreco Eyes UK Acquisitions

Oct 18, 2018

Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain's continental shelf in 2019, following its purchase of Shell's upstream oil and gas licenses in Denmark, its chairman told Reuters on Thursday.The Oslo-listed company on Wednesday announced a $1…

Tidewater, Gulfmark Announce Filing of Definitive Proxy Statement

Oct 17, 2018

Parties say transaction could close on or about November 15, 2018.Offshore services providers Tidewater and GulfMark Offshore announced today the filing of the joint definitive proxy statement and prospectus with the U.S. Securities and Exchange…

Shell Sells its Danish Upstream Assets for $1.9 Bln

Oct 17, 2018

Royal Dutch Shell has agreed to sell its Danish upstream business to Norwegian Energy (Noreco) in a deal valuing the assets at $1.9 billion, as part of its wider divestment strategy, the company said on Wednesday.The sale brings Shell's three-year $30 billion divestment plan close to its conclusion…

Energy XXI, Cox Oil Extend Merger Closing Date

Oct 11, 2018

Energy XXI Gulf Coast (EGC) has reached an agreement with the drilling and exploration services company Cox Oil to extend the required closing date for their planned merger to Oct. 17.Houston-headquarteredexploration and production company EGC…

Hibiscus Petroleum Buys Stake in North Sea Block

Oct 10, 2018

Hibiscus Petroleum Bhd has acquired 50% interest in two oilfields offshore the United Kingdom for $37.5 million in total.In a press statement, Hibiscus said its indirect wholly-owned subsidiary Anasuria Hibiscus UK Ltd (AHUK) had entered into…

RDIF, Schlumberger Aim to Reach Eurasia Drilling Deal Soon

Oct 09, 2018

Russia's RDIF sovereign wealth fund and U.S. oilfield services provider Schlumberger plan to complete a deal soon to buy a stake in Russia's Eurasia Drilling Company, RDIF boss Kirill Dmitriev was cited as saying by TASS news agency.Dmitriev…

Orsted Expands US Business with $510 Mln Acquisition

Oct 08, 2018

Orsted, the world's largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.The still small U.S. offshore wind sector is seen as one…

Ensco to Buy Rowan in $2.38 Bln Deal

Oct 08, 2018

Offshore driller Ensco Plc said on Monday it plans to buy smaller rival Rowan Cos Plc in an all-stock deal valued at $2.38 billion, as it looks to expand its fleet and benefit from a partnership with Saudi Aramco.This is Ensco's second deal…

Beach Energy Sells Stake In Otway Assets

Oct 08, 2018

Australian Oil and gas explorer Beach Energy said it will sell a 40 percent stake in its Victorian Otway gas assets for USD 243 million, and trimmed its earnings and production guidance.Through their wholly-owned subsidiaries Lattice Energy Limited and OGOG (Otway) Pty…

Precision Drilling to Buy Trinidad Drilling in $1.03 billion Deal

Oct 08, 2018

Calgary-based oil and gas driller Precision Drilling Corporation said it would Trinidad Drilling Ltd in a deal valued at $1.03 billion, trumping a hostile bid from Ensign Energy Services.A press release from the Canada's largest contract drilling…

Van Oord Acquires Vroon's MPI Offshore

Oct 05, 2018

Vroon Group has completed the sale of MPI Offshore to Van Oord. Van Oord has acquired the MPI office organisation in Stokesley (UK), the vessels MPI Adventure and MPI Resolution, and associated crew.According to a press release, a total of hundred people…

Lundin Acquires Equinor's Luno II Stake

Oct 04, 2018

Lundin Petroleum AB through its wholly-owned subsidiary Lundin Norway has entered into an agreement with Equinor Energy, under which Lundin Norway will acquire Equinor’s entire 15 percent working interest in the Lundin Norway operated licence PL359…

Jadestone Energy Acquires Montara Offshore Australia

Oct 02, 2018

Singapore based independent oil firm Jadestone Energy announced that it has completed its acquisition of the Montara oil project, offshore Australia.Further to the Company’s previous announcements on July 16, 2018 and September 21, 2018, all…

Current News

Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore

Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore

Funds Rebuild Bullish Oil Position After Hurricane Outage in Gulf of Mexico

Funds Rebuild Bullish Oil Position After Hurricane Outage in Gulf of Mexico

TMC to Deliver Compressors for Woodside's Sangomar FPSO

TMC to Deliver Compressors for Woodside's Sangomar FPSO

Shearwater GeoServices Secures South East Asia Survey Deal

Shearwater GeoServices Secures South East Asia Survey Deal

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