Mergers & Acquisitions

Schlumberger Acquires Novatek

  Schlumberger announced today that it has acquired Novatek Inc. and Novatek IP, LLC., U.S.- based companies that specialize in synthetic diamond technology primarily for the oil and gas industry.

Edelweiss Now Controls Bharati Shipyard

 Edelweiss Asset Reconstruction Company has taken over management control of Bharati Shipyard, says a report in ET.   Edelweiss now controls 70% of the Indian yard’s debts.

EU Regulators Clear Shell's Takeover of BG Group

Royal Dutch Shell gained EU approval on Wednesday for its $70 billion acquisition of Britain's BG Group, the second of four key markets needed to clear the deal.

Brazil Oil Workers: Petrobras Strike Starts Friday

Brazil's largest oil workers' union advised Petroleo Brasileiro SA that it plans to begin an open-ended strike against the state-run oil company starting at midnight (0300 GMT) on Friday.

BG says European Commission signs off on Shell bid

BG Group Plc said the European Union's antitrust regulators had approved Royal Dutch Shell Plc's $70 billion takeover bid for the oil and gas producer. The company

Cosco CSCL Merger Talks Continue

 The closed-door talks on what is believed to be merger discussions between Cosco and China Shipping continue, reports local media.   According to JoC, the Chinese

Euronav Acquires $ 750 mi Facility

  The Executive Committee of Euronav NV today announced that it has signed a new USD 750 million senior secured amortizing revolving credit facility led by DNB

Russian JV Close Acquisition of Prime Shipping

  The Russian Joint Venture between Rosneft, Sberbank Investments and Pietro Barbaro S.p.A. closed the acquisition of the Pietro Barbaro Group shipping assets

Glosten Acquires Noise Control Engineering

Seattle-based naval architecture and marine engineering consultancy Glosten, Inc. has acquired Noise Control Engineering LLC (NCE), a consulting firm specializing in ship noise and vibration control.

Fortis Ink Belize Electricity Deal

  Fortis Inc. announced today that it has agreed to terms of a settlement with the Government of Belize (the Government") regarding the Government’s expropriation

EnQuest New Office In Aberdeen

  EnQuest, the largest UK independent producer of oil in the UK North Sea, confirms that it has taken up occupancy of its newly constructed North Sea office in

Keppel Acquires Cameron's Rig Business

 Singapore's Keppel Offshore & Marine (KOM), via subsidiary, Keppel Offshore & Marine USA  has inked a deal with Cameron International Corporation, a US-based oil and gas solutions provider,

Buffett's Berkshire Takes $4.48 bln Stake in Phillips 66

  Warren Buffett's Berkshire Hathaway Inc disclosed a $4.48 billion stake in oil refiner Phillips 66, rebuilding a bet it had made in the energy industry before oil prices fell.

TASI Acquires SignalFire Telemetry

TASI HOLDINGS INC. announced today it has completed the acquisition of all shares of SignalFire Telemetry, located in Hudson, Massachusetts.  This new acquisition

CESG Ltd Emerges from Management Buyout

Following a management buyout, Neil Carrington, Chief Executive of CES Guernsey, has fully taken the helm and rebranded the company to CESG Limited. The new name change,

OEG Offshore Merges With Oilfield Equipment Provider

OEG Offshore, a global provider of cargo carrying units (CCUs) and A60 modules to the oil and gas industry, announced the merger of its U.S. business with Louisiana-based

Maurel & Prom Mulls Merger after MPI Deal

French energy exploration and production company Maurel & Prom said it was reabsorbing its former Nigerian unit MPI as a first step towards tripling in size to

IRS Opens Office in Abu Dhabi

  Indian Register of Shipping (IRClass), a leading Classification Society, today announced it has opened offices in Abu Dhabi. Abu Dhabi is the second office

CFSAI Shifts to New Office in New Mumbai

  Container Freight Station Association of India (CFSAI) has set up a full-fledged Secretariat and moved to its new office at “Anchorage Building” in Dronagiri  Node on 26th August 2015.

Vale Sheds Another Australian Coal Mine

Buyers are Glencore, Bloomfield. Brazilian mining giant Vale has continued its disposal of non-core holdings, agreeing to sell a mothballed coal mine in Australia

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