British oil producer Premier Oil is to buy North Sea-focused Encore Oil for 221 million pounds ($340 million), continuing its strategy of… By Tom Bergin (Reuters) Source:Reuters , October 5, 2011;
DONG Energy will be acquiring approximately 2.4 per cent of the South Arne field in the Danish North Sea from Noreco. Noreco announced 11 August 2011, that the company had made a deal with Hess stating that Hess was to take over the company’s share of the South Arne field. According to the co-operative agreement [...]
Russia’s competition body has approved a request from the country’s top crude producer Rosneft to acquire more offshore assets,… By Vladimir Soldatkin (Reuters) Source: Reuters, September 8, 2011;
Transocean Services AS, a wholly owned subsidiary of Transocean Ltd., today announced an all cash voluntary offer for 100 percent of the shares of Aker Drilling ASA for NOK 26.50 per share. The Board of Directors of Aker Drilling has unanimously recommended that its shareholders accept the Offer. On August 14, 2011, Transocean entered into [...]
CGGVeritas announced today that it has signed a strategic agreement with Spectrum, a Norwegian multi-client company, for the contribution by CGGVeritas of its 2D Multi-client marine library for a consideration in cash and a major equity position in Spectrum. CGGVeritas has reached a strategic agreement with Spectrum whereby Spectrum will purchase over 500,000 km of [...]
Farstad Shipping ASA has reached an agreement with Petroserv S.A. in Brazil, on certain conditions, to buy Petroserv’s 50% share in BOS Navegação S.A. Farstad Shipping will after the purchase have 100% ownership of BOS. The net purchase price for the 50% share is USD 56.5 million. The acquisition is expected to be consolidated [...]
GAIL (India) Ltd is in talks with US energy major Chevron to acquire stakes in its deepwater natural gas blocks in Indonesia. Read more at The Telegraph India Source: Telegraphindia, April 25,2011;
With effect from 30th of June 2011, the Japanese shipping company Kawasaki Kisen Kaisha, Ltd. (“K” Line Group) will acquire another 50 per cent of the SAL Group and with that will become the sole shareholder of the company. Over the past five years, the two companies have developed a successful partnership through their [...]
Oceaneering International, Inc. announced it has entered into a definitive purchase agreement to acquire Norse Cutting & Abandonment AS (NCA), for approximately $60 million. The purchase is expected to close by March 31, 2011. NCA is an oilfield technology company that specializes in providing subsea tooling services used in the plugging, abandonment, and decommissioning [...]
Maersk Oil, a fully owned subsidiary of A.P. Møller – Mærsk A/S, has agreed to acquire a 15% interest in Block 16 in Angola from Devon Energy for an initial payment of USD 70 million and future contingent considerations. The agreement is subject to closing conditions including government approval. Maersk Oil already operates Block 16, [...]
