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Mergers & Acquisitions
ExxonMobil Completes Acquisition of One of the World’s Largest Aromatics PlantsAug 28, 2017ExxonMobil Chemical Company has announced that its Singapore affiliate has completed its acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore.
Regulatory Approval Granted for Tfkable Group’s Acquisition of JDRAug 25, 2017Group TELE-FONIKA Kable, a global producer of wires and cables, has announced that regulatory approval for its acquisition of JDR Cable Systems (Holdings) Ltd., a supplier of subsea umbilicals and power cables to the offshore energy industry, has been granted.
Petrofac Sells Stake in Pánuco Contract to SchlumbergerAug 22, 2017Petrofac and Schlumberger have announced that Petrofac has sold its 50% interest in Petro-SPM Integrated Services S.A. de C.V (1) to Schlumberger.
Total Acquires Maersk Oil in Share and Debt TransactionAug 21, 2017Total has announced that the Boards of Total and A.P. Møller – Mærsk have both approved the acquisition of 100% of the equity of the E&P company Maersk Oil & Gas A/S (Maersk Oil), a wholly owned subsidiary of A.P. Møller – Mærsk A/S, by Total in a share and debt transaction.
Shell Completes SADAF Chemicals Sale in Saudi Arabia to SABICAug 17, 2017Shell has completed the sale of its 50% share in SADAF, the petrochemicals joint venture, located in Al Jubail, in the Kingdom of Saudi Arabia to SABIC for USD 820 million.
ACR Electronics Announces Acquisition of United Moulders Ltd.Aug 16, 2017ACR Electronics, Inc., global provider of safety and survival technologies, has confirmed it has acquired United Moulders Ltd. (UML), a United Kingdom-based designer and manufacturer of state-of-the-art lifejacket inflating devices.
Transocean Announces Agreement to Acquire Songa Offshore SEAug 15, 2017Transocean Ltd. has reached an agreement with Songa Offshore SE whereby it will, subject to certain conditions, make a Voluntary Exchange Offer to acquire 100% of the issued and outstanding shares of Songa Offshore, including...
Newly Launched Decommissioning Company Makes First AcquisitionAug 10, 2017A major new entrant to North Sea decommissioning, launched last week, has made its first acquisition. Well-Safe Solutions, a specialist well abandonment company, has acquired...
Game-Changing Norwegian Chemical Injection Technology gets new International OwnerAug 9, 2017TechInvent AS has announced that Yokogawa Electric Corporation has acquired 100% of the company and the unique FluidCom™ Technology – the ONS 2016 Innovation Award (SME) Winner.
DONG Energy Divests 50% of Borkum Riffgrund 2Aug 8, 2017DONG Energy has entered into an agreement to sell 50% of Borkum Riffgrund 2, a 450-megawatt (MW) German offshore wind farm project, to Global Infrastructure Partners (GIP).
GATE Energy Acquires PDI SolutionsAug 8, 2017Houston-based GATE Energy has announced the acquisition of PDI Solutions, LLC headquartered in Schriever, Louisiana, USA.
Okeanus Science & Technology Acquires DT Marine ProductsAug 1, 2017Okeanus Science & Technology, LLC have announced that it has acquired the business assets of DT Marine Products, Inc. of Houston...
DeepOcean Acquires Searov OffshoreJul 31, 2017DeepOcean has acquired French company Searov Offshore SAS and has expanded its presence in West Africa.
Acquisition of Further Interest in UK Producing Blane FieldJul 31, 2017Faroe Petroleum has announced the conditional acquisition of a further 13.9935% interest in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (U.K.) Limited...
Weir Oil & Gas Completes Acquisition of KOP Surface ProductsJul 28, 2017Weir Oil & Gas, global upstream provider of pressure pumping and pressure control equipment and services, has announced it has completed its acquisition of KOP Surface Products...
Evenort Ltd Acquires Alexander ComleyJul 27, 2017Evenort Ltd, the Sheffield based precision engineering company announced it has acquired Alexander Comley, the midlands-based manufacturer of large flanged products.
Speedcast to Acquire UltiSat and Create New Government DivisionJul 25, 2017Speedcast International Limited has announced it has entered into a definitive agreement to acquire UltiSat for a purchase consideration of...
Aquaterra Signs Investment Deal with EVJul 24, 2017Aquaterra Energy, a global offshore engineering solutions provider, has secured a multi-million pound investment from EV Private Equity as the company gears up for...
ALE Strengthens Share in Offshore Market with Conbit AcquisitionJul 24, 2017ALE has increased its services and skills in the offshore sector by purchasing Conbit.
BiSN Announces Multimillion Pound Investment AgreementJul 24, 2017BiSN, the global provider of innovative metal-to-metal downhole sealing solutions, has signed an investment agreement worth GBP 5 million with corporate venture capital groups...
Schlumberger Announces Agreement to Acquire Majority Share in Eurasia Drilling CompanyJul 21, 2017Schlumberger has announced an agreement to acquire a majority (51%) equity interest in Eurasia Drilling Company Limited.
TELE-FONIKA Kable to Acquire JDRJul 18, 2017JDR Cable Systems (Holdings) Ltd. (JDR), supplier of subsea umbilicals and power cables to the offshore energy industry, has announced that it is to be acquired by TELE-FONIKA Kable (TFKable).
Shell to Divest Upstream Interests in IrelandJul 13, 2017Royal Dutch Shell plc, through its affiliate Shell Overseas Holdings Limited, has reached an agreement with CPP Investment Board Europe S.A.R.L....
Statoil Strengthens Position in Brazilian Licence BM-S-8Jul 13, 2017Statoil ASA and Queiroz Galvão Exploração e Produção (QGEP) have signed an agreement for Statoil to acquire QGEP’s 10% interest in the BM-S-8 licence in Brazil’s Santos basin.
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