Mergers & Acquisitions News


Berkshire Hathaway's Warren Buffett: No Plans to Buy Occidental Petroleum

May 08, 2023

- Warren Buffett said on Saturday that Berkshire Hathaway Inc is not planning to acquire Occidental Petroleum Corp but remains happy with its large investment in the oil company. Speaking at Berkshire's annual shareholder meeting, Buffett rejected…

Addtech Acquires Feritech to Expand Geotechnical Subsea Services

May 05, 2023

Addtech Industrial Solutions has signed an agreement to acquire 90% of the shares outstanding in Feritech Global Ltd (”Feritech”).Feritech designs and manufactures bespoke technical solutions for the geotechnical subsea sector. The company operates…

TenneT Sale Talks Slow as Germany, Netherlands Differ on Price, Offshore

May 04, 2023

Talks on a planned sale of Dutch state-owned electricity grid operator TenneT's German unit to Berlin have hit a hitch over price, the company's outstanding bonds, and offshore infrastructure, people familiar with the matter said.The sale would…

Falkland Islands: Argos Resources Plans to Wind Up Company After Sale of Sole Asset PL001

May 03, 2023

Oil and gas exploration company Argos Resources is set to sell its sole asset, the PL 001 production license in the North Falkand Islands, which is estimated to hold around 3 billion barrels of oil, to JHI. After completing the transaction,…

Prax Confirms No Increase in Proposed Acquisition Price of Hurricane Energy

Apr 24, 2023

Prax Exploration & Production does not plan to increase the financial terms of the proposed acquisition of UK North Sea firm Hurricane Energy after reaching a deal to acquire Hurricane Energy in mid-March.Hurricane has one asset, the Lancaster oil field…

Tunisia: Panoro Takes Full Ownership of Sfax Petroleum Corporation

Apr 24, 2023

Oslo-listed Panoro Energy has acquired Beender Tunisia Petroleum's 40% stake in Sfax Petroleum Corporation AS.SPC through its subsidiaries indirectly owns a 49 percent interest in the producing TPS Assets which comprise five oil field concessions in the region of the city of Sfax…

OEG Offshore Buys Subsea Cable Industry Specialist Pelagian

Apr 21, 2023

OEG Offshore has acquired Pelagian Ltd, a company that provides consultancy, engineering, and installation management services to the subsea cable and offshore renewable energy industries.'Pelagian Ltd is an established UK-based company with over 20 years of experience in the subsea cable industry…

Kistos Expands into Norway with Deal to Acquire Mime Petroleum

Apr 19, 2023

Investment firm Kistos said Wednesday it had reached a conditional agreement to acquire all of the outstanding shares of Norway-based oil firm Mime Petroleum A.S. from Mime Petroleum S.a.r.l.Mime holds a 10% interest in the Balder joint venture…

ABL Group Acquires AGR from Akastor

Apr 18, 2023

Akastor has completed the transfer of all shares in AGR, an offshore engineering, consultancy, and software company, to the Norwegian energy and marine consultancy group ABL Group under the terms first announced on March 20, 2023.A total of 18…

Wood Group to Engage with Apollo on $2.1B Proposal

Apr 17, 2023

John Wood Group said on Monday it has decided to engage with Apollo Management for a firm offer from the private equity firm for a final buyout price of 240 pence per share, which values the group at about 1.66 billion pounds ($2.06 billion)…

AFC to Buy Ghana-focused Aker Energy

Apr 14, 2023

AFC Equity Investment has agreed to buy Aker Energy, a company working to develop the Pecan oil field offshore Ghana, from Aker Capital and The Resource Group TRG AS.Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49…

TotalEnergies to Weigh Bid for Neptune Energy, Bloomberg News Says

Apr 13, 2023

TotalEnergies is considering a bid for private equity-backed gas and oil producer Neptune Energy Group, Bloomberg News reported on Thursday, citing people familiar with the matter. The French company is among the suitors that have held early-stage talks with Neptune…

Veson Nautical to Acquire VesselsValue

Apr 11, 2023

Veson Nautical (Veson), a maritime freight management solutions provider, said Tuesday it planned to acquire vessel valuation provider VesselsValue. Founded in 2011, VesselsValue now has a database of more than 81,500 vessels and provides daily updated…

Baker Hughes Completes Acquisition of Well Intervention Specialist Altus Intervention

Apr 07, 2023

Oilfield services giant Baker Hughes said this week it had completed the acquisition of Norway-based well intervention specialist Altus Intervention.'Today, we are pleased to announce the completion of the Altus Intervention acquisition. This…

Oslo-listed Archer Completes Acquisition of Baker Hughes' UK CT&P Business

Apr 04, 2023

Oslo-listed offshore oil and gas services company Archer has completed the acquisition of Baker Hughes' Coil Tubing and Pumping business in the UK.In February, the two companies signed official agreements for Archer to buy Baker Hughes' coil tubing and pumping (CT&P) business in the United Kingdom…

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