Mergers & Acquisitions News


Pandion Energy to Buy One-Dyas Norge, Double Production with Nova Field Start-up

Mar 09, 2022

Norwegian oil company Pandion Energy agreed to buy ONE-Dyas Holdings B.V.'s Norwegian subsidiary ONE-Dyas Norge AS for an undisclosed fee. The deal includes a 10 percent share of the Nova offshore field in the North Sea field, and a total of 11 exploration licenses…

'Ultra-high-resolution 3D seismic' - Ocean Floor Geophysics Acquires NCS SubSea

Mar 09, 2022

Offshore survey company Ocean Floor Geophysics, in partnership with the Norwegian seismic player PGS, its largest shareholder, has signed a deal to acquire NCS SubSea, a company that provides ultra-high-resolution 3D seismic data to the oil & gas and new energy markets via its P-Cable system…

Despite Rumors, Seplat on Track to Buy Exxon's Offshore Fields in Nigeria, Chairman Says

Mar 09, 2022

Nigeria's Seplat Energy is on track to buy Exxon Mobil's offshore shallow water business in the country for $1.28 billion, Seplat's chairman told Reuters on the sidelines of the CERAweek energy conference by S&P Global.The comments come amid…

Altrad to Buy Sparrows Group

Mar 02, 2022

Industrial services provider has agreed to acquire the UK-based energy industry engineering and maintenance specialist Sparrows Group.The transaction will include the acquisition of Sparrows’ wind energy business Alpha and is an important development in Altrad’s global growth ambitions…

Seplat to Buy Exxon's Shallow Water Oil and Gas Fields in Nigeria for $1,28B

Feb 25, 2022

Nigerian oil company Seplat has agreed to buy ExxonMobil's shallow water assets in Nigeria via the acquisition of the U.S. oil company's Nigerian subsidiary Mobil Producing Nigeria Unlimited ('MPNU'), in what Seplat said was a transformational acquisition for the company…

TAQA Group to Buy Tendeka

Feb 23, 2022

Saudi Arabia-based oilfield services company TAQA has agreed to acquire the UK-based well completion specialist Tendeka.Tendeka specializes in offering reservoir monitoring and control, advanced lower completions, and production optimization…

Report: Chevron Eyes Sale of Three Oil and Gas Fields in Equatorial Guinea

Feb 21, 2022

Chevron is looking to sell its stakes in three oil and gas fields in Equatorial Guinea, hoping a recent rally in energy prices will help attract buyers, three industry sources told Reuters.The U.S. company acquired the assets in the West African…

Reach Subsea to Buy iSURVEY

Feb 18, 2022

Reach Subsea, a subsea services company, said Thursday it had agreed to buy the offshore survey services firm iSurvey in a transaction valued NOK 135 million ($15,1 million). Separately, it was announced that Wilhelmsen had acquired a 21% stake in Reach Subsea…

Wilhelmsen Acquires Stake in Reach Subsea

Feb 17, 2022

Wilhelmsen has acquired a 21% stake in Reach Subsea ASA, and together the firms will form a strategic partnership to commercialize the Reach Remote concept, bringing Reach Subsea into new industry verticals and geographical regions.Jan Eyvin Wang…

Aker BP, Lundin Enter Merger Plan

Feb 15, 2022

Norwegian oil and gas company Aker BP said Tuesday it had officially entered into a merger plan with Lundin Energy, following the proposed merger announcement in December 2021, that will create Norway's second-largest oil producer.The parties at the time said explained that…

Report: Waldorf Production Nears $1B Deal for ONE-Dyas North Sea Assets

Feb 11, 2022

Waldorf Production is nearing a deal to acquire oil and gas assets in the British and Dutch North Sea from ONE-Dyas for more than $1 billion, industry sources said on Friday.Under the terms of the emerging deal, private equity-backed Waldorf…

Eco Atlantic Firms Up Azinam Acquisition Deal

Feb 08, 2022

Oil and gas company Eco Atlantic has signed a firm agreement to acquire the South Africa and Namibia-focused oil firm Azinam, in return for a 16.5% equity stake in the enlarged company. The Sale and Purchase Agreement follows a memorandum of…

Aker Solutions Buys Unitech Power Systems

Feb 07, 2022

Aker Solutions, a Norwegian engineering and construction company in the offshore energy industry field, has agreed to acquire Unitech Power Systems, an electrical power systems consultant.'The acquisition is an important step towards Aker Solutions…

Strategic Marine Acquires New Shipyard in Singapore

Feb 04, 2022

Strategic Marine announced it has completed the acquisition of a significantly larger shipbuilding facility in Singapore in a move intended to boost the company's shipbuilding capacity and product range.Strategic Marine has acquired the fixed…

Meridian Capital Rejects 'Wholly inadequate' Samuel Terry's Bid for FAR Ltd.

Feb 04, 2022

Meridian Capital International Fund, a 19.28% shareholder of Africa-focused oil explorer FAR Limited, has rejected the takeover bid for Far launched earlier this week by Samuel Terry Asset Management.Earlier this week, Samuel Terry Asset Management…

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