Mergers & Acquisitions News

 

Norway Should Invest in Kongsberg Share Issue -Government

Sep 28, 2018

Norway should invest about 2.5 billion Norwegian crowns ($306.26 million) in Kongsberg Gruppen's planned share issue, to help pay for the firm's acquisition of Rolls-Royce's Commercial Marine unit, the government proposed on Friday.If approved by parliament…

Total Buys Chevron's Interest in Danish Underground Consortium

Sep 25, 2018

French oil and gas major Total said it has agreed to take all of Chevron's share capital in the Danish Underground Consortium (DUC), which will increase its stake in the project and expand its North Sea presence.The acquisition comes a day after…

Shell in Talks to Sell $1.3 Bln of Gulf Coast Assets

Sep 21, 2018

Royal Dutch Shell Plc is in talks to sell its assets in a Gulf of Mexico oilfield to Focus Oil to pay for its takeover of BG Group Plc, Bloomberg reported on Thursday, citing people familiar with matter.The deal could value Shell's stake in the Caesar Tonga field at about $1…

Verus Petroleum Buys UK Oil Firm Cieco

Sep 20, 2018

Aberdeen-based Verus Petroleum has agreed to acquire Cieco, a subsidiary of Japanese commodity trading house Itochu for an undisclosed sum, Verus' majority owner, Norwegian private equity firm HitecVision, said on Thursday.The acquisition, which…

Maersk to Merge Damco, Ocean Product Units

Sep 19, 2018

A.P. Moller-Maersk will merge Damco Supply Chain Services and Maersk Line's Ocean Product, the Danish shipping giant announced on Wednesday, as it seeks to offer customers the chance to deal with one firm when shipping goods across the world…

Henderson Acquires HP Piping Solutions

Sep 17, 2018

Drilling rigs and capital drilling equipment sales and service provider Henderson said it has acquired high specification/high pressure fabrication company HP Piping Solutions in a move to further improve its service capabilities within the growing North American oil and gas market…

Seadrill CEO Eyes Rig Market Consolidation as Oil Prices Rise

Sep 14, 2018

Offshore rig owner Seadrill is prepared to make acquisitions if opportunities arise amid ongoing consolidation in the industry, the company's chief executive told Reuters.Competitor Transocean on Sept. 4 announced it was buying deepwater driller Ocean Rig for $2…

Transocean to Buy Ocean Rig in $2.7 Bln Deal

Sep 04, 2018

Offshore oil driller Transocean Ltd said on Tuesday it would buy peer Ocean Rig UDW Inc in a $2.7 billion cash-and-stock deal, its second major acquisition this year as the company bets on a recovery in the offshore sector.The acquisition signals new optimism for offshore drillers…

U.S. Shale Producer Magnolia Looks to Triple Market Footprint

Aug 29, 2018

U.S. oil producer Magnolia Oil & Gas Corp aims to at least triple in market valuation in coming years as it develops shale acreage across eastern and southern Texas, Chief Executive Steve Chazen said on Wednesday.Magnolia's shares have rallied…

Saipem, Subsea 7 Discussed Tie Up a Few Years Ago

Jul 25, 2018

Italian oil services company Saipem was in talks with rival Subsea 7 several years ago over a possible tie up but negotiations fell through, the group's CEO said on Wednesday.'Some 3-4 years ago, before I became CEO there were contacts and talks that did not work out…

Tidewater and GulfMark Announce Merger

Jul 16, 2018

Tidewater Inc. and GulfMark Offshore, Inc. announced Monday that the boards of directors of both companies have unanimously approved a definitive agreement to combine the two companies, creating the industry’s largest owner of offshore support…

Equinor Acquires Energy Trader Danske Commodities

Jul 08, 2018

Norwegian oil and gas major Equinor, formerly Statoil, is acquiring the Danish energy trading company, Danske Commodities for EUR 400 million (USD 470 mln). 'Equinor has reached agreement to buy 100% of the shares in Danish energy trading company Danske Commodities (DC) for EUR 400 million…

BP to Boost Stake in UK's 'Giant' Clair Field

Jul 04, 2018

BP announced that it has entered into agreements with ConocoPhillips that will significantly increase its holding in the Clair field, a core asset of BP’s North Sea business in the UK, while also selling its non-operating interest in the Kuparuk and satellite oilfields in Alaska…

ConocoPhillips sells 16.5 pct of North Sea Asset to BP

Jul 03, 2018

U.S. oil producer ConocoPhillips said on Tuesday it would sell a 16.5 percent stake in the Clair field to oil major BP for an undisclosed price. Houston, Texas-based ConocoPhillips will retain a 7.5 percent interest in the North Sea offshore oil field through a unit while BP will hold a 45…

Subsea 7 Makes Hostile Bid for McDermott

Apr 23, 2018

Offshore oil services firm Subsea 7 has made an unsolicited offer worth about $2 billion for U.S. rival McDermott, potentially breaking up the U.S. company's agreed deal with onshore engineering firm Chicago Bridge & Iron (CB&I).The deal could…

Current News

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Oil Firms Face Workforce Crunch as Renewables Beckon - Survey

Oil Firms Face Workforce Crunch as Renewables Beckon - Survey

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