The Norwegian Competition Authority has rejected the merger of two of the largest offshore accommodation vessel companies. [Read more…] about Regulatory roadblock for world’s largest accommodation vessel owner
Mammoet is happy to confirm that as of January 8, 2020, the acquisition of ALE has been completed, and the businesses will now operate as one company under the Mammoet brand. [Read more…] about Merger creates industry’s largest global provider of engineered heavy lifting and transport services
Major offshore accommodation platform operators Floatel and Prosafe have extended the long stop date in their merger transaction agreement from December 31, 2019 to June 30, 2020. [Read more…] about Floatel and Prosafe extend merger agreement
A merger between Saipem and Subsea 7 “would create a truly global oilfield service giant with over $12.4 billion in revenue,” said Audun Martinsen, head of oilfield service research at Rystad Energy. [Read more…] about Saipem-Subsea 7 would be the 4th largest company in their domain
The Norwegian Competition Authority has today issued a Statement of rejection to Floatel and Prosafe regarding the proposed merger. [Read more…] about The Norwegian Competition Authority rejects merger between Prosafe and Floatel
Wintershall Holding and DEA Deutsche Erdoel have completed their merger. [Read more…] about Wintershall DEA: a new European champion
Oranje-Nassau Energie B.V. (ONE) and SHV Holdings announce that agreement has been reached on the merger of their upstream energy businesses, in a combined entity called ONE-Dyas. [Read more…] about Merger of Oranje-Nassau Energie and Dyas
The market downturn of the past few years has forced offshore contractors and service companies to look for mergers and alliances that provide diversification opportunities, complementary capabilities, and economies of scale.
[Read more…] about McDermott CEO outlines rationale for CB&I merger
Fara Holdco, owners of the Bibby Offshore group of companies announced a merger with Rever Offshore AS.
[Read more…] about Bibby Offshore and Rever Offshore to merge
LetterOne announced today that it has signed a Letter of Intent with BASF to combine the parties’ oil and gas businesses in a joint venture. The new merged entity would operate under the name Wintershall DEA.
[Read more…] about LetterOne and BASF sign Letter of Intent to merge oil and gas businesses to create Wintershall DEA