Shell Purchases Deep-Water Production and Storage VesselJul 13, 2017Shell Offshore, Inc. has announced that its affiliate, Shell E and P Offshore Services B.V., will exercise a contractual right to purchase the
Turritella FPSO vessel from SBM Offshore...
Atlas Professionals and Programmed Sign Off on Acquisition and Joint VentureJul 11, 2017Atlas Professionals B.V. has signed the final agreement with Programmed Maintenance Services Limited for the acquisition of the international activities of Programmed Marine and the formation of a 50/50 joint venture...
Koch Supply & Trading Completes Sale of Rotterdam Refinery to VitolJul 10, 2017Koch Supply & Trading (KS&T) has announced that it has completed the sale of its Rotterdam refinery to Vitol. In late April, Vitol agreed to acquire the 85,000 barrels per day refinery...
Sauer Compressors Enhances Product Range with Oil-Free and Gas-Tight HAUG CompressorsJul 7, 2017As part of its ongoing strategic development, Sauer Compressors Holding has acquired a 100% shareholding in HAUG Kompressoren AG.
WFW Advises DGO on Its Reverse Takeover and Related Share Placing on AIMJul 5, 2017International law firm Watson Farley & Williams (WFW) has advised Diversified Gas & Oil PLC (DGO) in connection with its USD 84.2 million reverse takeover of certain oil and gas assets of Titan Energy, LLC.
Baker Hughes and GE Oil & Gas Complete CombinationJul 4, 2017Baker Hughes, a GE company (BHGE) has announced that the transaction combining GE’s oil and gas business with Baker Hughes is complete.
Wärtsilä Completes Acquisition of Greensmith Energy Management Systems Inc.Jul 4, 2017The technology group Wärtsilä has announced that it has closed the acquisition of Greensmith Energy Management Systems Inc., a provider of grid-scale energy storage software and integrated solutions.
Completion of Acquisition by Element Materials TechnologyJul 4, 2017On 29 June Exova became part of the Element Materials Technology Group, one of the world’s most highly respected testing and product qualification businesses.
Baker Hughes Stockholders Approve Combination with GE Oil & GasJul 3, 2017Baker Hughes Incorporated has announced that more than 99% of the votes cast at the special meeting of Baker Hughes stockowners were voted to approve the previously announced combination of Baker Hughes with General Electric Company’s oil and gas business...
Siemens Mechanical Drives Unit to Become Flender GmbHJun 30, 2017Starting October 1, 2017, the Siemens Mechanical Drives unit (MD) will be operating in the market as Flender GmbH, a Siemens Company.
Metalock Denmark Changes Name to MAN PrimeServ On-site RecoveryJun 30, 2017Metalock Denmark, the global specialist in field-machining within the marine, wind and industry segments, has changed its name to MAN PrimeServ On-site Recovery, becoming a full member of...
Brynhild Transaction Between Lundin Norway and CapeOmegaJun 28, 2017Lundin Petroleum AB has announced that its wholly owned subsidiary Lundin Norway AS has on 27 June 2017 entered into a sales and purchase agreement with CapeOmega AS to divest...
OnTruck Transportation Platform Added to Total Energy Ventures PortfolioJun 23, 2017Total Energy Ventures (TEV), the venture capital arm of Total that invests in start-ups, has acquired an interest in OnTruck, a platform that optimises road freight shipping.
Sevan Marine Sells its Shares in KANFA AS to Technip Norge ASJun 14, 2017Sevan Marine has announced that the company had received a formal notification of Technip Norge’s intention to exercise their option to buy Sevan Marine’s remaining 51% shareholding in KANFA AS.
Gates Enhances Product Portfolio, Manufacturing, and Product Development CapabilitiesJun 13, 2017Affiliates of the Gates Corporation have announced the acquisition of UK-based GTF Engineering and Services...
Weir Oil & Gas Acquires KOP Surface ProductsJun 13, 2017Weir Oil & Gas has entered into an agreement to acquire KOP Surface Products, a provider of advanced pressure control wellhead technologies, systems and services.
Akastor Agrees to Sell KOP Surface Products to The Weir Group PLCJun 12, 2017Akastor ASA, an oil service investment company, has entered into a definitive agreement to sell KOP Surface Products (KOP) to The Weir Group PLC for...
Elliott Management Backs Edge Petroleum to Acquire Assets on the Norwegian Continental ShelfJun 9, 2017Elliott Management, a private investment firm founded in 1977 and its affiliates, has announced an initial investment of up to USD 500 million to fund the management team of newly established Norwegian oil and gas company...
MAN Diesel & Turbo to Acquire 40% Stake in Aspin Kemp & AssociatesJun 8, 2017MAN Diesel & Turbo has contractually agreed to acquire a 40% partici-pation in Aspin Kemp & Associates (AKA).
Transocean Ltd. Sells Jackup Fleet to Borr DrillingJun 2, 2017Transocean Ltd. has announced that it has completed the previously disclosed transaction to sell its jackup fleet to Borr Drilling Limited for a total consideration of approximately USD 1.35 billion.
Shell Completes Divestment of Oil Sands Interests in CanadaJun 2, 2017Royal Dutch Shell plc has announced the completion of two previously announced agreements by Shell Canada Energy, Shell Canada Limited and Shell Canada Resources...
Wood Group Expands Global Automation and Control CapabilitiesMay 25, 2017Wood Group has acquired CEC Controls Company, Inc. (CEC Controls), a management-owned designer and builder of industrial & process control systems primarily in the automotive manufacturing industry...
DONG Energy Enters an Agreement to Divest its Upstream Oil and Gas BusinessMay 25, 2017DONG Energy has agreed to divest the entire share capital of DONG E&P A/S to INEOS for an unconditional payment of USD 1,050 million (DKK 7.0 billion) on a cash and debt free basis, a contingent payment of...
Sale of Juruá Field in Solimões BasinMay 23, 2017Petrobras has begun the disclosure phase of the teaser regarding the transfer of Petrobras’ stake in the Juruá field, in the Solimões Basin.
