Herkules Private Equity has entered into agreements to acquire Umoe Schat-Harding AS and Noreq AS. Together, the two companies will be the world’s leading supplier of maritime life-saving equipment. On Monday 10 June, Herkules signed an agreement to acquire Umoe Schat-Harding AS. The acquisition is being carried out in cooperation with the owners of Noreq [...]
P/F Atlantic Petroleum announces that Exxon Mobil Exploration and Production Faroe Islands Limited has acquired a 6% interest in Licence L016 from Atlantic Petroleum. The revised ownership interests in the Licence are Statoil Færøyene AS (the operator of the Licence) 40%, DONG Energy Føroyar P/F 30%, ExxonMobil Exploration and Production Faroe Islands Limited 26% and [...]
Harkand, the international subsea inspection, repair, maintenance and light construction group, today announced an agreement to acquire the main assets and business of Veolia Marine Services (“VMS”). The acquisition will add 150 onshore and offshore staff, three dynamically-positioned multi-purpose vessels (MSV), and six work-class remotely operated vehicles (ROVs) to Harkand’s growing workforce and fleet. With [...]
OGX , Brazil’s largest private oil and natural gas exploration company, announced today that it has entered into an agreement with PETRONAS Brasil E&P Ltda (“Petronas”) to sell a 40% non-operating work interest in BM-C-39 and BM-C-40 blocks, located in the Campos Basin, for a total value of US$850 million. Effective date for beginning of [...]
add energy has completed the acquisition of Oracle Risk Consultants (ORC). Oracle is a leading technical safety & risk consultancy company based in Perth, Australia, servicing the offshore oil and gas and onshore hazardous facility industries. Oracle is focused on the highly active Australian market, and on projects in the surrounding APAC countries. Thus, the [...]
On 1 May 2013, Trapoil agreed to acquire an additional 85 per cent working interest in Licence P.1267 (Blocks 12/25a & 13/21b) containing the Surprise and Nutmeg oil discoveries, from Dana Petroleum (E&P) Limited (“Dana”) in accordance with the terms of the joint operating agreement previously entered into by the parties in respect of Licence [...]
Seadrill Limited, one of the world’s biggest offshore drilling contractors, has today acquired additional 100 shares of Asia Offshore Drilling Limited . The shares were acquired at price NOK28.70 per share. Following this acquisition, Seadrill will be the owner of 39,739,647 shares in the Company, corresponding to 66.23% of the total number of outstanding shares [...]
ShawCor Ltd’s Socotherm division has completed the acquisition of the 49% interest in Socotherm LaBarge LLC that it did not previously own for an undisclosed sum. Since 2008, Socotherm has been a partner in this successful joint venture in the global offshore deepwater insulation coating market. The venture has a strategically located facility in Channelview, [...]
Aziana has announced that they have reached a conditional agreement with the Board of unlisted public company Eternal Resources Limited (ACN 149 833 072) (“Eternal”) to acquire all the shares and options in Eternal by means of an off-market all-scrip takeover. Eternal is an unlisted public company with exciting oil & gas exploration and production [...]
April 15, 2013 | Posted in
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Clariant has announced today that it signed an agreement with Ecolab Inc. to acquire certain of its deep water Gulf of Mexico assets. The divestment of the assets by Ecolab was a prerequisite by the U.S. Department of Justice for the approval of the acquisition of Champion Technologies. Financial details of the acquisition are not [...]
