Mergers & Acquisitions News

 

Polish PGNiG to Buy INEOS' Norwegian Oil and Gas Business for $615M

Mar 25, 2021

INEOS Energy on Thursday announced the sale of its oil and gas business in Norway to Poland's PGNiG for $615 million.  The deal includes all INEOS Oil & Gas interests in production, licenses, fields, facilities and pipelines, on the Norwegian continental shelf…

EnQuest 'Confident' of Securing Refinancing Needed for Golden Eagle Acquisition

Mar 25, 2021

British North Sea-focused oil producer EnQuest is 'confident' it will secure a refinancing deal needed to buy an additional 10,000 barrels per day of output capacity, it said on Thursday, as it reported a 43% drop in free cash flow in 2020.Last month…

Tullow Shareholders Approve Sale of E. Guinea Assets to Panoro

Mar 18, 2021

Tullow Oil shareholders on Thursday approved the sale of the company's assets in Equatorial Guinea to Oslo-listed Panoro Energy.As announced in February, Tullow agreed, subject to certain conditions, to sell its subsidiaries with assets in Equatorial…

INEOS E&P to Buy Hess Denmark for $150 Million

Mar 18, 2021

INEOS E&P, a part of INEOS Energy, said Thursday it had entered into an agreement to acquire the U.S. oil firm Hess' subsidiary Hess Denmark for a total consideration of $150 million. Hess said it would use the cash on its operations in Guyana…

Survitec to Acquire Hansen Protection

Mar 17, 2021

U.K.-based safety and survival solutions provider Survitec on Wednesday said it has signed an intent to purchase Hansen Protection, a Norwegian provider of specialist survival suits and protective equipment.Ron Krisanda, Survitec's executive chairman…

Tulip Oil Agrees to Sell Dutch Subsidiary to Kistos

Mar 12, 2021

Oil company Tulip Oil has agreed to sell its Dutch subsidiary Tulip Oil Netherlands to Kistos for 220 million euros, plus 163 million euros of contingent payments, and 5 million euros of warrants.Tulip Oil Netherlands owns an operating interest in the Q-10A offshore gas field…

CHC to Acquire Babcock's Oil & Gas Helicopter Business

Mar 12, 2021

Offshore helicopter operator CHC has agreed to buy the oil and gas aviation business of Babcock.Babcock's oil and gas aviation business provides offshore oil and gas crew transportation services in the UK, Denmark and Australia and is headquartered based in Aberdeen (UK)…

Oilfield Services Firms Expro and Frank's Set to Merge

Mar 11, 2021

UK-based oilfield well services company Expro and drilling and completions solutions provider and Dutch-based Frank’s International on Thursday announced a definitive agreement under which the companies will combine in an all-stock transaction…

Insulation Firm Kaefer Looking to Sell Minority Stake

Mar 10, 2021

German industrial insulation specialist Kaefer is exploring a sale of a minority stake, as it seeks to cope with fallout from the COVID-19 pandemic and low oil prices and to bolster its finances for future expansion, people close to the matter said…

Egypt: Shell Sells Western Desert Fields to Focus on Offshore Assets

Mar 09, 2021

Oil major Shell has agreed to sell its upstream assets in Egypt’s Western Desert so for US$646 million plus contingent payments, so it can focus on its offshore assets in the country.Shell will sell the Western Desert assets to a consortium…

Report: Japanese Renewables Company JRE Up for Sale

Mar 09, 2021

Japanese renewables group JRE has been put up for sale by its owners, including Goldman Sachs, three people familiar with the matter said, a deal expected to draw interest from European firms eager to enter Japan's green power market.Japan Renewable…

Cairn to Sell Interests in UK Offshore Oil Fields for More Than $460M

Mar 09, 2021

London-listed Cairn has agreed to sell its interests in the UK North Sea Catcher and Kraken fields to Waldorf Production Limited for a cash consideration of US$460 million plus additional contingent consideration dependent mainly on oil prices from 2021 to the end of 2025…

NEO Energy to Take Over Zennor in $625M Deal

Mar 09, 2021

HitecVision-backed NEO Energy has agreed to acquire independent oil and gas company Zennor Petroleum from Kerogen Capital for up to $625 million, including deferred and contingent payments.The deal comes some two weeks after NEO acquired ExxonMobil's…

Ocean Infinity to Buy MMT

Mar 02, 2021

US-based seabed survey and ocean exploration company Ocean Infinity on Tuesday said it had agreed to acquire the Sweden-based subsea survey firm MMT.'Ocean Infinity and MMT are excited to announce an acquisition that brings together MMT’s deep…

Trelleborg Sells Offshore Oil and Gas Business in England

Mar 02, 2021

Sweden-based engineering group Trelleborg said Monday it had signed an agreement and finalized the divestment of its offshore oil and gas operation in Skelmersdale, England.'The company is part of the overall offshore operation in the Businesses Under Development reporting segment…

Current News

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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

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Aker BP Gets Approval to Drill Mugnetind Offshore Prospect

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