Mergers & Acquisitions

Sulzer In Deal Talks with US-based Dresser-Rand

Sulzer said on Wednesday that is is in talks over a potential tie-up with U.S.-based compressor and turbine maker Dresser-Rand. "Sulzer has confirmed that it

EMS Seven Seas Announces New CEO

EMS Seven Seas announces new CEO; enters into agreement to acquire Wave Shipping, a Singapore-based maritime and port agency services company. EMS Seven Seas,

Maersk Drilling Divests Venezuelan Drilling Barge Activities

Maersk Drilling says it has divested its drilling barge activities in Venezuela to Barrystar Holding S.A., an investment company based in Panama. The activities,

Fugro Takes Delivery of 2nd Coastal Survey Vessel from Damen

  Fugro yesterday took delivery of its second of the three Fugro Offshore Coastal Survey Vessels (FOCSV) being built by Damen. The Fugro Pioneer is a compact,

DHT Closes Common Stock for Samco Acquisition

DHT Holdings, Inc. announced  the closing of its registered direct offering of 23,076,924 shares of its common stock at a price of $6.50 per share. DHT received net proceeds of approximately $145,

Ranger Acquires Technip USA's Diving Assets

Ranger Offshore, Inc., a global marine and subsea construction and support services contractor to the offshore oil and gas industry, has announced that it has signed

Maersk Sells Ven Drilling Barges

Danish shipping conglomerate A.P. Moller-Maersk said on Tuesday its offshore oil and gas drilling unit has sold its Venezuelan barge activities. Maersk Drilling

Oiltanking Sells Indonesia Storage, Blames Subsidies

Independent tank operator Oiltanking said on Tuesday it had sold a 289,000 cubic metre storage facility in Merak, Indonesia, blaming oil subsidies for making the business unprofitable.

Morgan Stanley Has Stake in Pipeline Asset

Magnum Hunter Resources Corp said it will sell a stake in its natural gas gathering subsidiary in the Marcellus and Utica shale fields, to a unit of Morgan Stanley,

Bill Barrett Selling Gas Assets, Sheds Oil Properties

Bill Barrett Corp said it would exchange most of its acreage in Wyoming's Powder River Basin for oil-producing assets in Colorado, and also sell some natural gas

Technip Further Optimizes its Subsea Assets

  Technip signed today an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc.(1). Technip’s strategy focuses on high technology

Fourth National Security Cutter Delivered to USCG

  The Coast Guard accepted delivery of the fourth National Security Cutter, Hamilton, in Pascagoula, Mississippi, Monday. Hamilton will be the first of two NSCs to be homeported in Charleston,

Seaspan Agreement with GCII & Blue Water

  Seaspan Corporation announced today that it has entered into an agreement with Greater China Intermodal Investments LLC and Blue Water Commerce, LLC to extend

Holland America Line's New Ship is ms Koningsdam

  Holland America Line revealed the name of its new 99,500-ton cruise ship slated for delivery in February 2016 will be ms Koningsdam. While the name pays homage

Swissco Acquires Its First Liftboat

New asset expands and diversifies fleet offerings, enhancing the group’s value proposition to oil and gas majors as a comprehensive marine services provider; liftboatoat

Thai PTT, Saudi Aramco in Vietnam Petrochemical JV

Thai energy company PTT has joined with Saudi Aramco, the world's biggest oil producer, to submit a proposal to the Vietnamese government to build a $22 billion

Realising Value to Further Strengthen NCS Portfolio

  Statoil ASA farms down in Aasta Hansteen, Asterix and Polarled and exits two  assets on the NCS for a consideration of USD 1.3 billion, including contingent payment.

Bibby Offshore Opens Office in Stravanger, Norway

  Bibby Offshore Holdings Limited, [the subsea services provider to the oil & gas industry, is pleased to announce its continued international expansion with the opening of an office in Stravanger,

Acteon Acquires UTEC Survey

Acteon has announced the acquisition of UTEC Survey, an independent survey services business with a global footprint. UTEC offers technology solutions to gather,

Hapag-Lloyd, CSAV Merger Wins Conditional EU Approval

Hapag-Lloyd and Compania SudAmericana de Vapores (CSAV) secured conditional European Union approval on Thursday for their tie-up to create the world's fourth-largest container shipping company.

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