Mergers & Acquisitions

Fulcrum Buys BMT Snyek Technologies

BMT Group announced the sale of BMT Syntek Technologies Inc to Fulcrum Corporation. Fulcrum Corporation, based in Arlington, VA., providies customized services

Shell Completes Nigeria Oil Stake Sale

Royal Dutch Shell said on Thursday it had completed the sale of its 30 percent stake in Nigeria's onshore Oil Mining Lease (OML) 24 in the Eastern Niger Delta to

Apache Corp to Shed Oil & Gas Assets

Apache Corp said it would sell oil and gas assets in southern Louisiana and the Anadarko Basin, spanning western Oklahoma and the Texas panhandle, for about $1.

ECT Orders 3 Quay Cranes Again

  ECT ordered three new quay cranes again, to handle ULCS container vessels with a capacity of 18,000 TEU and more. The cranes, with an outreach of 24 containers,

BEST Readies for Mega Ships

Hutchison Port Holdings Limited (HPH) subsidiary Barcelona Europe South Terminal (BEST), located at the Port of Barcelona, today held a ceremony for the arrival of three new Quay Cranes (QCs),

COSL Takes Delivery of New Semisub

  China Oilfield Services Limited saw successful delivery of the deepwater semi-submersible drilling rig COSLProspector it invested in and commissioned to build in Yantai, Shandong today.

Samsung Heavy Scraps Samsung Eng Takeover

Samsung Heavy Industries said on Wednesday it has decided to scrap a $2.5 billion stock deal to take over Samsung Engineering, potentially complicating restructuring

ICAP Shipping in Merger Talks

Shipping market prospects picking up after record downturn; shipbroker M&A deals have gathered pace this year. ICAP's shipping business is in merger talks with rival shipbroker Howe Robinson,

Petrobras to Merge Subsidiaries

In a meeting held last Friday, November 14, Petrobras’ board of directors have approved the merger proposals of Arembepe Energia S.A. and Energética Camaçari Muricy I S.

HHI Subsidiary to Shed POSCO Stake

Hyundai Mipo Dockyard Co Ltd said on Tuesday it had decided to sell a stake worth 286 billion Korean won ($260.46 million) in steelmaker POSCO , in a bid to improve its balance sheet.

Acquisitions Possible - for Those Who Can Afford it

The recent drop in oil prices has slashed the values of oil and gas firms and sparked renewed appetite for mergers and acquisitions, posing a dilemma for oil companies

Halliburton & Baker Hughes Merger

  Halliburton Company and Baker Hughes Incorporated  today announced a definitive agreement under which Halliburton will acquire all the outstanding shares of

Paragon Acquires Majority Stake in Prospector

Paragon Offshore plc reported that it has acquired 52,749,014 shares of Prospector Offshore Drilling S.A., a publicly traded offshore drilling company listed on Oslo Axess.

CEPSA No Longer Interested in Buying Salamander Energy

A consortium led by Spain's Compania Espanola de Petroleos (CEPSA) said on Monday it was withdrawing from the bidding to acquire oil firm Salamander Energy, reducing

Halliburton Bids for Baker Hughes

Halliburton Co will buy Baker Hughes Inc for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger NV

“Olympus” Named in Fosnavåg

  Build number 116 from Havyard is called ‘Olympus’. It is the third in the series of Havyard’s 832 design, and, as mentioned, the eighth vessel to be delivered to Global Offshore Services.

Australian PM Holding Talks on Sub Purchase

  Australia is holding talks with a number of countries on a contract to build replacements for Australia's aging submarine fleet, Prime Minister Tony Abbott said

Merger Talks Feed Energy Sector Deal Speculation

  Talks that could lead to oilfield services provider Halliburton Co buying rival Baker Hughes Inc may herald increased deal-making in the energy business as companies

Technip to Modernize Flexi France

  Technip announces an investment over four years to modernize its flexible pipe manufacturing plant, Flexi France, in Le Trait, France. Further strengthening

ClassNK Expands Veracruz Office

  Leading classification society ClassNK has announced the expansion of its Veracruz Office in order to better support the growing offshore oil industry in the Gulf of Mexico.

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