Mergers & Acquisitions News

 

Anadarko Shareholders Go for Cash in Oxy Buyout

Aug 08, 2019

Shareholders of Anadarko Petroleum Corp on Thursday voted overwhelmingly to sell the company for $38 billion to rival Occidental Petroleum Corp, ending a short-lived contest that pitted two of the most storied names in the oil industry against one another…

James Fisher Acquires SM Continental

Aug 08, 2019

UK's marine engineering services provider James Fisher and Sons has acquired 60% of the share capital of Continental Participação E Administração, the holding company of Brazilian subsea specialist Serviços Marítimos Continental.Continental…

MacGregor Acquires TTS Marine & Offshore Unit

Aug 01, 2019

Cargotec announced on Thursday that its MacGregor business area has completed the acquisition of the marine and offshore businesses of equipment manufacturer TTS Group ASA following required regulatory approvals.Cargotec announced in February…

KNOC Aims to Sell Stake in Dana Petroleum

Jul 30, 2019

State-run Korea National Oil Corp (KNOC) is considering upping the stake it is planning to sell in its British unit Dana Petroleum after failing to lure a buyer for the 30% previously on offer, banking and industry sources said.KNOC had hired…

Mammoet Acquires ALE

Jul 29, 2019

Mammoet, the privately held Dutch company specialized in engineered heavy lifting and transport of over-sized and heavy objects, said it has signed an agreement to acquire fellow international heavy lifting and transport specialist ALE.No further…

Neptune Acquires Interests in Offshore Indonesia

Jul 29, 2019

Neptune Energy East Sepinggan, subsidiary of the European exploration and production company Neptune Energy has agreed to acquire interests from the Eni East Sepinggan Limited, a unit of Eni in the Kutei basin production sharing contracts (PSC) offshore Indonesia…

Total Plans $5 Bln in Asset Sales

Jul 25, 2019

French energy giant Total will sell around $5 billion worth of assets, mostly from its upstream exploration and production business, as it seeks to focus on low breakeven projects that can weather weak oil prices, it said on Thursday.The company…

MMA Offshore Acquires Neptune Marine Services

Jul 24, 2019

Australian offshore services company MMA Offshore said it has entered into an agreement to acquire the business of compatriot subsea services firm Neptune Marine Services by acquiring NMS's key operating subsidiaries.The purchase consideration…

MacGregor Cleared to Buy TTS Unit

Jul 15, 2019

Marine and offshore equipment and services form MacGregor announced on Monday it has received a clearance decision from the Chinese competition regulator, SAMR, for the company’s acquisition of the marine and offshore businesses of TTS Group ASA…

Anadarko Shareholders to Vote on Oxy Deal

Jul 12, 2019

Anadarko Petroleum Corp shareholders will vote Aug. 8 on the oil and gas producer's planned $38 billion sale to Occidental Petroleum Corp - the biggest oil and gas deal of the year.Occidental avoided its own shareholder vote on the deal by securing…

Total Sells UK North Sea Assets

Jul 10, 2019

French oil major Total has sold its stakes in 10 UK offshore fields to Petrogas NEO for $635 million, as the majors continue to divest non-core assets to private equity-backed companies looking to expand their upstream footprint in the region…

Murphy Oil Completes Malaysia Asset Sale

Jul 10, 2019

US-based independent Murphy Oil said it has completed the sale of its oil and gas assets in Malaysia to a subsidiary of Thai company PTT Exploration and Production (PTTEP).The transaction was announced in March 2019, with an effective economic valuation date of January 1…

Maersk Firm to Buy Wind Turbine Supplier

Jul 10, 2019

A.P. Moller Holding, which controls Danish shipping giant A.P. Moller-Maersk will acquire Danish wind turbine supplier KK Group, it said on Wednesday, in a first step into the renewable energy industry.The acquisition marks a new direction for the family-owned company…

Allseas Buys Bluerise in Renewables Push

Jul 09, 2019

Offshore contractor Allseas says it has acquired Bluerise, a developer of ocean thermal energy conversion (OTEC) technology, in a push targeting the renewables industry.Based in Delft, the Netherlands, Bluerise, founded by Berend Jan Kleute and Remi Blokker…

Acteon Acquires Proserv’s Field Technology Services

Jul 08, 2019

Subsea services group Acteon announced on Monday it has acquired Proserv’s field technology services (FTS) business unit, including its surveying capability. The exact terms of the transaction were been disclosed.The services and facilities of the FTS business…

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