Mergers & Acquisitions

Sinopec, PetroChina Dismiss Merger Rumors

Sinopec Corp and PetroChina on Monday dismissed media reports their parents would merge to create a state giant, saying they have never received any official information about such a restructuring.

PSA Commissions new Dammam Terminal

  Saudi Global Ports LLC (SGP), a joint-venture company formed between the Public Investment Fund (PIF) of the Kingdom of Saudi Arabia and PSA International (PSA)

Golden Ocean Reshuffles Fleet, Delays Newbuilds

  Golden Ocean Group Limited has entered into several agreements concerning its fleet. Golden Ocean has agreed with Ship Finance International Ltd ("Ship Finance")

5th Floating Accommodation for Lerwick

  A further accommodation ship, Ocean Atlantic, is due at Lerwick on Monday 27 April 2015 and is on its way from Portland in Dorset. As with the other floating accommodation at the port,

HII, Kinder Morgan Not to Pursue Avondale Joint Venture

Huntington Ingalls Industries and Kinder Morgan Inc. decide not to pursue joint venture on Avondale redevelopment   Huntington Ingalls Industries (HII) announced

MISC Says AET Tankers Unit Not for Sale

MISC Berhad issued a statement today addressing recent market speculation that the company is set to sell its wholly owned petroleum tanker subsidiary AET Tankers.

Horizon's Hawaii Business Acquisition Cleared by DOJ

Horizon Lines, Inc. reported yesterday that, after a review by the Antitrust Division of the Department of Justice, Horizon's proposed sales transaction with The

Planet Ocean Ink Deal with dotOcean

  Planet Ocean signed an exclusive representation agreement with Brugge based dotOcean at Ocean Business 2015 Southampton.  The agreement covers the UK and Republic of Ireland.

SIPG to Acquire Jinjiang Shipping

 Shanghai-listed Shanghai International Port Group (SIPG) is currently considering acquiring part of the equity stakes in Shanghai Jinjiang Shipping, a container

Hungarian-led Consortium Still Interested in Enel's Slovak Utility Stake

A Hungarian-led consortium is still interested in bidding for Enel's majority stake in the main Slovak electricity producer, the head of one of the companies in the group said on Thursday.

MOL Group to Discuss Entry into North Sea Market

Newcomer to the UKCS, Hungary-based MOL Group is set to discuss its entry into the North Sea market at a Society of Petroleum Engineers (SPE) Aberdeen event on May 6, 2015.

Statoil Bets on Oil Price Recovery, Investments Continue

Statoil cutting less in capex than any other major; continues to invest in long term projects. Norway's Statoil is cutting investments less than any other oil major this year,

BP to sell UK Gas Pipeline Stake

BP has agreed to sell its stake in one of Europe's biggest gas pipelines to Antin Infrastructure Partners for 324 million pounds ($486 million), giving the fund

RWE Open to Splitting Group if Crisis Worsens

Keeps option open to explore split, no current need; crisis is far from over for utilities. Germany's largest power producer RWE will explore a split of its

MISC may Sell AET Tanker Holdings

  MISC Bhd  is selling AET Tanker Holdings Sdn Bhd, which owns a fleet of 74 crude oil and product tankers, to US-listed Teekay Tankers Ltd, reports local media.

Rotork Acquires Masso

Rotork announced it has acquired Masso Ind s.p.a., a manufacturer of shipboard valve remote control systems (VRCS), to enhance its range of flow control products

Ex-BP Chief Sees Higher Oil on Near Horizon

Low crude prices will trigger consolidation in the oil industry but a new bull market might arrive much sooner than expected given the huge scale of capital and workforce withdrawal in the sector,

Malaysian Firm Sells Drill Rig for $223 million

Malaysian firm Coastal Contracts Bhd is selling a Jack-up drilling rig (JUDR) for 807 million ringgit ($223.6 million), the company said in its filing to the bourse on Wednesday.

TMR Unit MarCom Integrates with MCP

Telenor Maritime Radio’s (TMR) business unit for the commercial maritime communications market, MarCom, integrates with Maritime Communications Partner (MCP).   The internal transfer in Telenor,

Baker Hughes Reports Q1 Loss

Oilfield services provider Baker Hughes Inc, which is in the process of being acquired by Halliburton Co for $35 billion, posted a quarterly loss compared with

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