Category: consolidation
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Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs
Transocean’s play for Valaris forging $17 billion offshore drilling giant with 73 rigs Transocean has made a multibillion-dollar merger move on Valaris to breathe life into a combined company with a diversified offshore fleet of 73 rigs, including 33 ultra-deepwater drillships, nine semi-submersibles, and 31 modern jack-ups, to meet emerging growth opportunities. The post Transocean’s…
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2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition
2025’s greatest trio of oil & gas, FPSO, and LNG mergers that never came to fruition While multiple consolidation moves have sprung up across the offshore energy and maritime arenas over the past 12 months, some never bore fruit. Offshore Energy has selected three business combination plays, regardless of whether they were born of truth…
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Ten big consolidation moves across rig, oil & gas, and shipping spheres
Ten big consolidation moves across rig, oil & gas, and shipping spheres As the global consolidation momentum builds against the backdrop of ever-changing and challenging geopolitical conditions and energy realms, many companies engaged in the offshore drilling, subsea, hydrocarbon exploration and production (E&P), and maritime arenas are working to strengthen their place in the offshore…
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Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility?
Rekindled Shell-BP merger rumor mill going wild: Wishful thinking or real possibility? Speculation is running rampant over a potential business combination between two oil majors, with the energy industry abuzz over the alleged merger between the UK-headquartered Shell and BP and the implications such a mega consolidation move could have on the global scene. The…