Norway's HAV Group has completed the acquisition of Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels. The consideration for the purchase includes a non-material cash amount and 250,000 shares in HAV Group ASA, valued at NOK 14…
Unique Group, a subsea technology and engineering services firm, has appointed Sahil Gandhi as Chief Executive Officer (CEO), succeeding Himanshu (Harry) Gandhi, who will now assume the position of Chairman of the Group.Acting as Unique Group’s COO since 2017…
Port of Aberdeen and Subsea 7 have secured a grant of £150,000 from the Scottish Government to investigate the feasibility of storing hydrogen underwater at the new Aberdeen South Harbour.The 'H2Shore - Hydrogen coastal storage and distribution'…
Exxon Mobil and two partners earned $5.8 billion last year from offshore oil production in Guyana, according to audited results filed in an appeal of a court ruling that found them in breach of insurance obligations.The filing is the first disclosure of 2022 profits Exxon…
OSM Maritime Group and Thome Group have received approvals from competition authorities to merge and create one of the world's largest ship management companies.The merged company, OSM Thome, says it will be a powerhouse in the international ship management market…
U.S. private equity firm Apollo Global Management on Monday said it would not proceed with a takeover offer for British oilfield services and engineering firm John Wood Group after tabling an exploratory bid last month.Apollo had until later…
Norway's HAV Group ASA has agreed to acquire Undheim Systems AS, a provider of dynamic positioning (DP) systems for vessels.'The planned technology acquisition is a strategic move that accelerates HAV Group's plans to offer digital functionality…
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…
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)…
A 250kg wave buoy associated with the metocean survey at the West of Orkney Wind Farm site in Scotland has broken free of its mooring, according to a notice to mariners issued Wednesday by Xodus Group, on behalf of the wind farm developer Offshore Wind Power Limited (OWPL) said…
Norwegian energy and marine consultancy group ABL Group has agreed to acquire 100% shares in offshore engineering, consultancy, and software company AGR from Akastor.'The purpose is to bolster ABL Group’s offering within well and reservoir consultancy…
John Wood Group said on Tuesday it was considering rejecting the latest buyout proposal from private-equity firm Apollo Global Management Inc, citing that the offer undervalued the British oilfield services and engineering company. The proposal by Apollo on March 6…
Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…
Subscribe
