krogragg

Category: mergers and acquisitions

  • Hapag-LLoyd to acquire ZIM in $4.2 BN cash deal

    Hapag-LLoyd to acquire ZIM in $4.2 BN cash deal More consolidation in the container shipping business: Hamburg-headquartered Hapag-Lloyd and Haifa, Israel-headquartered ZIM Integrated Shipping Services Ltd have signed an agreement under which Hapag-Lloyd will acquire 100% of ZIM’s shares for a consideration of $35.00 per share in cash. The total transaction value amounts to over…

  • Saltchuk to acquire GLDD in $1.5 billion all-cash transaction

    Saltchuk to acquire GLDD in $1.5 billion all-cash transaction Great Lakes Dredge & Dock Corporation (NASDAQ: GLDD) says that it and privately-owned,Saltchuk Resources, Inc. have reached a definitive agreement for Saltchuk to acquire Great Lakes at an aggregate equity value of approximately $1.2 billion and a total transaction value of $1.5 billion. Under the terms…

  • New player enters US Gulf oil & gas playground with $3.2B LLOG buy

    New player enters US Gulf oil & gas playground with $3.2B LLOG buy London-listed oil and gas company Harbour Energy has brought into its fold the U.S.-headquartered LLOG Exploration Company (LLOG), marking its strategic entry into the deepwater U.S. Gulf of America (the U.S. Gulf of Mexico). The post New player enters US Gulf oil &…

  • 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…

  • 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…

  • Stonepeak to acquire majority controlling interest in Castrol from BP

    Stonepeak to acquire majority controlling interest in Castrol from BP New York City-headquartered investment firm Stonepeak is to acquire a majority controlling interest in Castrol from BP p.l.c. in a transaction valuing the business at an enterprise value of approximately $10.1 billion. BP will retain a 35% minority interest in Castrol as part of the…

  • ADES-Shelf Drilling merger wrap-up coming before November ends

    ADES-Shelf Drilling merger wrap-up coming before November ends ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, is days away from crossing the finish line for its merger with the UAE-based Shelf Drilling, expanding its offshore drilling fleet with the addition of 33 jack-up rigs. The post…

  • Svitzer takes 66.6% stake in Norway’s Buksér og Berging

    Svitzer takes 66.6% stake in Norway’s Buksér og Berging Copenhagen-headquartered Svitzer Group A/S has acquired a 66.6% stake in leading Norwegian towage and marine service company Buksér og Berging AS, subject to final regulatory approvals. Svitzer says that there are no integration activities related to the transaction for either company and Buksér og Berging will…

  • Consolidation continues across oil & gas realm as Sintana makes a play for Challenger

    Consolidation continues across oil & gas realm as Sintana makes a play for Challenger Canada-headquartered oil and natural gas exploration player Sintana Energy has put the wheels in motion to spread its wings to Uruguay’s oil and gas arena by bringing into its fold Challenger Energy Group (CEG), the Isle of Man-headquartered oil and gas…

  • Moran Towing acquires Bisso Towboat

    Moran Towing acquires Bisso Towboat Moran Towing Corporation reports that it has acquired Bisso Towboat Co., Inc, as a long-term investment in the ongoing growth of New Orleans and the lower Mississippi River region. Founded in 1860, privately-owned Moran offers ship assist services in 17 ports along the U.S. East and Gulf Coasts and has…

  • $19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos

    $19 billion merger deal is off: ADNOC’s XRG ends takeover talks with Santos A consortium run by XRG, a subsidiary of Abu Dhabi National Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos. The post…

  • Maritime Partners completes Centerline Logistics acquisition

    Maritime Partners completes Centerline Logistics acquisition Maritime Partners LLC reports that its flagship fund has acquired Centerline Logistics Corporation a leading marine transportation company operating along the West Coast, East Coast and Gulf Coast of the United States. The transaction, which was first announced on June 24, 2025, closed on August 28, 2025. The transaction…

  • Baker Hughes’ $13.6 billion move on Chart spotlights gas, data centers, and decarbonization growth drivers

    Baker Hughes’ $13.6 billion move on Chart spotlights gas, data centers, and decarbonization growth drivers Baker Hughes has made a multibillion-dollar play for Chart Industries to high-grade its portfolio with differentiated capabilities across a diverse set of markets, including LNG, data centers, and low-carbon plays. The post Baker Hughes’ $13.6 billion move on Chart spotlights gas,…

  • As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next

    As $53 billion Chevron-Hess merger crosses the finish line, oil & gas assets’ fusion comes next Chevron has cleared all the hurdles in its path to bring Hess Corporation, a fellow oil and gas player, into its fold. As a result, the companies are taking steps to blend their operations, enabling Chevron to expand its oil…

  • VINCI Energies to acquire Wärtsilä’s Marine Electrical Systems business

    VINCI Energies to acquire Wärtsilä’s Marine Electrical Systems business Nanterre, France-headquartered VINCI Energies has signed an agreement to acquire Hamburg-based Wärtsilä SAM Electronics GmbH. The company is active in the field of electrical and automation integration for the German Navy and naval shipyards in the north of the country and VINCI says the acquisition will…

  • Maritime Partners in Centerline Logistics acquisition agreement

    Maritime Partners in Centerline Logistics acquisition agreement One of the largest marine petroleum transportation companies in the U.S. is set to come under new ownership. Maritime Partners LLC reports that, on June 24, 2025, an entity controlled by one of its managed funds entered into a definitive agreement to acquire Centerline Logistics from its principal…

  • Shell repudiates rumors of making a play for BP

    Shell repudiates rumors of making a play for BP As media speculation over a potential merger between two European oil majors, the UK-headquartered Shell and BP, has not died down yet, the former decided to address the rumors by denying the alleged business combination talks and move. The post Shell repudiates rumors of making a…

  • CMB.TECH and Golden Ocean merger will create 250 ship behemoth

    CMB.TECH and Golden Ocean merger will create 250 ship behemoth CMB.TECH NV [NYSE: CMBT] and Golden Ocean Group Limited [NASDAQ: GOGL] are set to merge, creating one of the largest diversified listed maritime groups in the world with a combined fleet of more than 250 vessels. The merger agreement comes after Saverys-family-controlled tanker company CMB.TECH…

  • 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…