Romanian oil and gas company Romgaz said Friday it had signed an exclusivity agreement with ExxonMobil, in relation to Exxon's planned sale of rights in an offshore block in the Romanian part of the Black Sea.As previously reported, Romgaz in…
Oil and gas services company Proserv Controls, has acquired the Middle Eastern operations of Dron & Dickson Electromechanical Contracting (DDEC) LLC, for an undisclosed fee. DDEC is a UK-based specialist in the supply, assembly, and maintenance of hazardous areas and industrial electrical equipment…
After it in recent months acquired MMT and Abyssal, marine robotics and offshore survey company Ocean Infinity has now acquired maritime services company, Ambrey for an undisclosed fee.UK-based Ambrey offers offshore services including, security…
Malaysian oil and gas company Hibiscus Petroleum has confirmed it has agreed to buy Repsol’s interest in oil and gas assets in Malaysia and Vietnam for $212.5 million.The announcement comes after Repsol earlier this week announced the sale to Hibiscus…
Oilfield services company Archer is set to complete the previously announced acquisition of rival DeepWell.'The completion of the acquisition [of DeepWell ] was conditional on obtaining necessary regulatory approval. Such approval was granted today by the Norwegian Competition Authority…
The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) on Tuesday announced the two associations were in the process of exploring a potential merger.AAPG and SPE said they were studying the benefits…
U.S.-based offshore mooring services firm Delmar Systems on Monday announced the acquisition of the Dutch-based rival Vryhof, consisting of Deep Sea Mooring and Vryhof Anchors. The combined company, with its global footprint and enhanced asset portfolio…
BP and Eni said on Wednesday they had entered into talks to merge their oil and gas operations in Angola to form one of Africa's largest energy companies.The two companies have signed a non-binding memorandum of understanding and are in discussions…
Swedish Alfa Laval has struck a deal to acquire weather intelligence and decision support services provider StormGeo.Alfa Lava, specializing in heat transfer, centrifugal separation, and fluid handling, said the acquisition would accelerate…
Oilfield services firm Archer has signed an agreement to acquire Norwegian offshore well intervention company DeepWell for NOK 177 million (21,57 million) on a debt and cash free basisDeepWell provides wireline and downhole services to oil companies on the Norwegian Continental Shelf (NCS)…
Global communications firm Viasat has completed the acquisition of the offshore communications solutions provider RigNet, after RigNet’sstockholders approved the transaction on April 21, 2021.The proposed merger was first announced in December 2020…
Ocean Infinity, marine robotics and offshore survey company, has acquired Portugal-based software engineering specialists, Abyssal.Abyssal develops and implements proprietary software solutions for the offshore industry aimed at improving the safety and efficiency of subsea operations…
Maritime connectivity and IT solutions provider Marlink Group has completed the acquisition of ITC Global from Panasonic.'The acquisition, backed by Apax Partners sas, marks another milestone in the company’s M&A strategy. Within the Marlink Group…
Oilfield services firm Archer said it has signed an offer letter with Moreld laying out principle terms to purchase 100% of the shares in DeepWell, a Norwegian well intervention company focused on mechanical wireline and cased hole logging services…
Private investment fund Remus Horizons which last week launched a conditional takeover offer for the Australian oil company FAR, eyeing its stake in the RSSD offshore area in Senegal, containing the Sangomar offshore oil development, is now backing out from the FAR pursuit…