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Mergers & Acquisitions
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Borr Drilling Goes From Empty-Handed to the Largest Jack-Up Driller In Just 16 Months Feb 23, 2018“It is remarkable what Tor Olav Troim has achieved in such a short amount of time. Going from two jack-ups in December 2016 to becoming the largest jack-up provider...” says Oddmund Føre, vice president of oilfield service research at Rystad Energy.
Borr Drilling Takes Over Paragon Offshore to Expand MODU Fleet Feb 23, 2018Borr Drilling’s acquistion of Paragon Offshore will create a USD 3.57 billion MODU fleet.
Tieto Acquires Petrostreamz to Strengthen its Position in the Upstream Oil and Gas Business Feb 23, 2018Tieto has signed an agreement to acquire Petrostreamz, a rapidly growing provider of advanced software and services for integrated asset modelling (IAM) onshore and offshore.
Flow Measurement Institute Merges with Institute of Measurement and Control Feb 22, 2018The Flow Measurement Institute (FMI) has merged into the Institute of Measurement and Control (InstMC) to create a new Flow Measurement Special Interest Group (SIG).
Xodus Group Welcomes Subsea 7 as a New Shareholder Feb 21, 2018Xodus Group, the engineering and advisory consultancy is welcoming Subsea 7 as a new shareholder.
Transocean Receives Approvals, Commences Compulsory Acquisition of Remaining Songa Offshore SE Shares Feb 21, 2018Transocean Ltd. has announced that Transocean Ltd. along with Transocean Inc. received all required regulatory approvals and has commenced a compulsory acquisition of all shares in Songa Offshore SE that are not already owned by Transocean.
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Spot News |
Further Increasing Johan Sverdrup ValueStatoil and partners have further increased the value of the Johan Sverdrup field as a result of continued high quality in project execution, good drilling efficiency and further maturation of the resource base.
Faroe Commences Fogelberg Appraisal WellFaroe Petroleum has announced the commencement of the Fogelberg appraisal well and contingent sidetrack 6506/9 – 4A and 4S in the Norwegian North Sea (Faroe 28.3%).
North Sea Exploration Success for BPBP has announced two new exploration discoveries in the North Sea. The discoveries are Capercaillie, in Block 29/4e in the Central North Sea, and Achmelvich, in Block 206/9b west of Shetland.
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Mergers & Acquisitions
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Total, Borealis and NOVA Chemicals Sign Definitive Agreements to Form a Joint Venture in PetrochemicalsFeb 20, 2018Total S.A., Borealis AG and NOVA Chemicals Corporation have announced that affiliates of the three companies have signed definitive agreements to form a joint venture in petrochemicals on the US Gulf Coast.
Vista Oil & Gas to Acquire Argentine Oil & Gas AssetsFeb 20, 2018Vista Oil & Gas, S.A.B. de C.V. has announced that it has agreed to acquire a fully operational oil and gas platform from Pampa Energía S.A. and Pluspetrol Resources Corporation with interests in...
Controlled Bolting OEM HTL Group and Gee-Force Hydraulics Combine ForcesFeb 15, 2018Global OEM, HTL Group, has strengthened its UK presence in the South East by adding Great Yarmouth based Gee-Force Hydraulics to the HTL Group.
Faroe Petroleum to Sell 17.5% Interest in Fenja to Suncor Energy Norge ASFeb 13, 2018Faroe Petroleum plc has announced that it has executed a transaction with Suncor Energy Norge AS for the sale of a 17.5% working interest in the Fenja development...
Aker Solutions Expands into Offshore Floating WindFeb 7, 2018Aker Solutions has invested in floating wind power technology company Principle Power Inc., forming an alliance that brings its offshore oil and gas field engineering expertise into a fast-growing renewable energy market.
McMenon Engineering Services Acquires ABB FacilityFeb 7, 2018Aberdeen-based McMenon Engineering Services, a fully owned subsidiary of McMenon Associates, has announced the acquisition of ABB’s product manufacturing facility at Workington, for an undisclosed sum.
Qatar Petroleum Joins Total as a Partner in the Exploration Block 11B/12B in South AfricaFeb 6, 2018Total has signed an agreement to sell a 25% interest in the Exploration Block 11B/12B, offshore South Africa, to Qatar Petroleum.
Total Enters Exploration in the Prolific Guyana Basin with Three Exploration LicencesFeb 6, 2018Total has signed agreements to acquire interests into two exploration licenses offshore Guyana, the Canje Block and the Kanuku Block.
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Wärtsilä Boosts its QuantiServ Service Offering by Acquiring LOCK-N-STITCHFeb 5, 2018The technology group Wärtsilä is expanding the service offering of its QuantiServ business line with the acquisition of the American engineering company LOCK-N-STITCH.
TechnipFMC and Island Offshore enter into a strategic collaboration agreement for Riserless Light Well InterventionFeb 2, 2018TechnipFMC has signed an agreement with the Island Offshore group to acquire a 51% stake in Island Offshore’s wholly owned subsidiary, Island Offshore Subsea AS.
ESAB Completes Acquisition of Sandvik Welding BusinessFeb 2, 2018ESAB Welding & Cutting Products announced that it has completed the acquisition of the Sandvik welding operations including production units in Scranton, Pennsylvania, and Sandviken, Sweden, the technical sales and...
Shell Agrees to Sell Stake in Thailand’s Bongkot Field to PTTEPFeb 1, 2018Shell Integrated Gas Thailand Pte Ltd and Thai Energy Company Ltd, affiliates of Royal Dutch Shell Plc, have agreed to an asset sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand...
BP Invests in Mobile Electric Vehicle Charging Company FreeWireJan 31, 2018BP has announced that its venturing business has invested USD 5 million in FreeWire Technologies Inc., a US-based manufacturer of mobile electric vehicle (EV) rapid charging systems, and plans to roll out FreeWire’s Mobi Charger units...
WFW Advises Saffron Energy on Italian Oil and Gas Portfolio AcquisitionsJan 30, 2018Watson Farley & Williams (WFW) has advised AIM-traded Saffron Energy Plc on its agreements to acquire the Italian oil and gas portfolios of each of Sound Energy Plc, listed on AIM and Po Valley Energy Limited, listed on ASX.
Emerson Acquires GeoFields, Inc.Jan 30, 2018Emerson has acquired GeoFields, Inc., a global supplier of software and implementation services for pipeline integrity data collection, management and risk analysis for the oil and gas industry.
Dellner Acquires Pintsch BubenzerJan 29, 2018Sweden’s Dellner Group with its subsidiary Dellner Brakes has signed an agreement to acquire German industrial braking manufacturer Pintsch Bubenzer in a deal that will pave the way for the companies’ rapid global expansion.
Total Reinforces Its Position In Deepwater Gulf of Mexico by Entering the Anchor DiscoveryJan 25, 2018Total has signed an agreement with Samson in order to acquire Samson Offshore Anchor, LLC, which holds a 12.5% interest in four blocks covering the Anchor discovery, one of the most significant recent discoveries in the Gulf of Mexico...
Turck Takes Over Industry Cloud Software from Beck IPCJan 24, 2018Turck has acquired the cloud software of IoT specialists Beck IPC as part of a technology buyout. The fully developed software solution provides the foundation for the development of the in-house industrial cloud solutions...
Bilfinger Industrial Services and Bilfinger Industrial Automation Services MergeJan 24, 2018Global engineering and industrial services business Bilfinger has created a new GBP 140 million turnover business after merging two of its core UK businesses.
Emerson Completes Acquisition of ProSys Inc.Jan 19, 2018Emerson has announced it has acquired ProSys Inc., a global supplier of software and services that increase production and safety for the chemical, oil and gas, pulp and paper, and refining industries.
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