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Norwegian Deck Machinery AS (NDM) have entered into an agreement with the majority shareholders in Shalk Engineering to transfer their shares and to integrate their products into the NDM’s portfolio. Shalk Engineering will be re-named to Norwegian Deck Machinery Ulsteinvik AS (NDM Ulsteinvik). Shalk Engineering is located in Ulsteinvik, Norway, and has in position several […]
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Schlumberger and Cameron jointly revealed a definitive merger agreement in which the companies will combine in a stock and cash transaction.
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Chart Industries has entered into a definitive agreement to acquire vaporizer manufacturer Thermax.
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Business & Finance, Equipment
Oceaneering International, Inc. has acquired AIRSIS Inc., a provider of remote asset management software services. AIRSIS’ revenue for 2013 was approximately $7 million, and its future financial results will be included in Oceaneering’s Subsea Projects segment. This acquisition is expected to enhance Oceaneering’s current asset tracking service offered on offshore drilling rigs and vessels engaged […]
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Chart Industries has entered into a definitive agreement to acquire vaporizer manufacturer Thermax.
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Air Energi Group has completed an acquisition of Kitco, a supplier of manpower, training, accommodation and procurement services in South Korea. Under the terms of the transaction, Air Energi has acquired the operating assets of the Kitco business to establish the only provider of end-to-end local and expatriate manpower services in South Korea. Kitco’s CEO, […]
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NorSea Group has acquired the Danish base and logistics company Danbor AS. In addition to enhancing the global presence of NorSea Group, Danbor will significantly boost the company’s capability in the wind power market. “International expansion is part of NorSea Group’s expressed strategy. Danbor is a solid company which is well-established in our core activity […]
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NorSea Group has acquired the Danish base and logistics company Danbor AS. In addition to enhancing the global presence of NorSea Group, Danbor will significantly boost the company’s capability in the wind power market. “International expansion is part of NorSea Group’s expressed strategy. Danbor is a solid company which is well-established in our core activity […]
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Transocean Services AS , a wholly owned subsidiary of Transocean Ltd., has completed the acquisition of 100 percent of the shares of Aker Drilling ASA for NOK 26.50 per share. This acquisition further strengthens Transocean’s industry leadership position, adding approximately $1 billion in backlog as well as Aker’s two harsh environment, semi-submersible drilling rigs and […]
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Fugro has reached an agreement to acquire Advanced Geomechanics Pty Ltd in Perth, Australia. Advanced Geomechanics is a consulting company providing highly specialised geotechnical and geophysical engineering and consulting services to the oil and gas sector in Australia and the rest of the world. The company has a team of highly qualified and experienced consultants […]
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Kongsberg Maritime AS, a wholly-owned subsidiary of Kongsberg Gruppen ASA, completed the acquisition of Evotec AS today. Evotec AS addresses the maritime industry, developing and delivering technological management systems for the seismic, subsea and supply markets, among others. In these selected niches, Evotec AS has developed systems that have allowed the company to carve out […]
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Proserv has announced the acquisition of Aberdeen-based Nautronix. Employing 120 people, Nautronix provides a range of products and services including; NASNet®, NASCoM, NASDrill, NASDive and Survey Services. The transaction includes Nautronix chief operating officer Mark Patterson joining Proserv. David Lamont, Proserv’s chief executive officer, said: “I am thrilled to welcome the Nautronix team to Proserv. We […]
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Vroon, an international shipping company, has acquired all shares in Petrolmar S.p.A, a provider of ship bunkering services based in Italy. Petrolmar operates three bunker barges (Santa Rita, Santa Giulia and San Francesco), from the ports of Genoa, Savona, La Spezia and Marina di Carrara, plus two bitumen tankers (San Matteo and San Lorenzo). “For […]
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Ensurge, Inc. (ESGI) has completed the acquisition of North American Resources Inc. Ltd. (NARIL). NARIL, a Guyana mining company, has been conducting gold exploration and mining for over twenty years. The company currently operates two cutterhead dredges on the Konawaruk river. In March of this year, ESGI announced that it had entered into an definitive agreement to acquire […]
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Atlantis has reached an agreement to acquire the Bristol based tidal business, Marine Current Turbines Limited (MCT) from Siemens. MCT was the company to installation and commission the world’s first commercial scale tidal turbine in 2008. The SeaGen S 1.2MW turbine, located in Strangford Narrows in Northern Ireland, has generated approximately 10 gigawatt hours of […]
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Millennium Stimulation Services has acquired ENFRAC Inc., the first major acquisition in the company’s history. The purchase price for ENFRAC was up to $12,000,000, satisfied by the issuance by Millennium of 8,000,000 common shares at a deemed price of $1.50/share; 4,000,000 of which were issued upon closing, and the balance may be issued at a […]
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Business & Finance, Equipment
National Oilwell Varco (NOV) has acquired 97% of the shares in Seabox for an undisclosed amount from a group of shareholders led by HitecVision. Seabox is a Norwegian subsea technology company founded around the patented SWIT technology (Subsea Water Intake & Treatment). The technology enables treatment of raw seawater on the seabed (as opposed to […]
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French oil company Total has signed an Exploration and Production Sharing Agreement (PSA) for offshore Block 41 with the government of the Sultanate of Oman. This PSA was awarded following the exploration round launched by the Omani government in November 2012. Located off the Omani coast northwest of Muscat, Block 41 covers a large […]
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SNC-Lavalin Group completed the acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, construction management and technical support services to clients in the oil and gas sector. The acquisition of Kentz supports SNC-Lavalin’s ongoing transformation into a global Tier-1 engineering and construction (E&C) company. The […]
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Business & Finance, Equipment
The key assets of SSP Offshore include its flagship SSP Floater technology – the next-generation circular hull form – and the company’s entire portfolio of proprietary SSP® (Satellite Services Platform) solutions, including the SSP Driller for deepwater drilling, the SSP Plus FPSO for production and storage, and the SSP Hub for logistic hub applications.
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German engineering giant Siemens said it has entered into an agreement to buy Dresser-Rand, a U.S. oil, gas and small-scale LNG equipment maker. Siemens’ bid was unanimously supported by Dresser-Rand’s Board of Directors. The offer price is $83 per common share in cash, or a total transaction value of approximately $7.6 billion (about €5.8 billion). “With its […]
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After initially rejecting the offer from Landbridge as unconditional, WestSide informed that one the largest shareholder, New Hope Corporation Limited, sold its shares to Landbridge, thus giving the company notable influence over WestSide in the future. According to the Landbridge’s announcement, it now had a relevant interest in 49% of WestSide’s shares. “This puts Landbridge in a position to […]
