Category: merger
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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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33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot
33 jack-up rigs change hands as ADES and Shelf Drilling tie the final merger knot ADES International Holding, a subsidiary of ADES Holding Company, which is part of Saudi Arabia-headquartered ADES Group, has put the finishing bow on the merger with the UAE-based Shelf Drilling, augmenting its offshore drilling fleet with 33 more jack-up rigs.…
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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…
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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…
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$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Oil Company (ADNOC), which includes Abu Dhabi Development Holding Company (ADQ) and global investment firm Carlyle, has withdrawn its $18.7 billion non-binding indicative offer for Australia’s energy player Santos.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…
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Shipbuilding market shakeup: South Korea’s HD Hyundai Heavy Industries and HD Hyundai Mipo to merge
Shipbuilding market shakeup: South Korea’s HD Hyundai Heavy Industries and HD Hyundai Mipo to merge South Korean shipbuilding companies HD Hyundai Heavy Industries (HHI) and HD Hyundai Mipo (HMD) have revealed plans to merge into a single entity. The post Shipbuilding market shakeup: South Korea’s HD Hyundai Heavy Industries and HD Hyundai Mipo to merge…
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Newly merged CMB.TECH-Golden Ocean entity controls a fleet of 80+ hydrogen-, ammonia-ready ships
Newly merged CMB.TECH-Golden Ocean entity controls a fleet of 80+ hydrogen-, ammonia-ready ships Belgian shipowner CMB.TECH and Norway-based dry bulk shipping company Golden Ocean Group (GOGL) have […] The post Newly merged CMB.TECH-Golden Ocean entity controls a fleet of 80+ hydrogen-, ammonia-ready ships appeared first on Offshore Energy. Naida Hakirevic Prevljak Go to offshore energy…
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Bumi Armada-MISC merger falls through
Bumi Armada-MISC merger falls through Talks about a potential business combination between Malaysia’s Bumi Armada and the offshore segment of the compatriot shipping giant MISC Berhad (MISC), an owner and operator of offshore floating and energy-related maritime solutions and services, have come to nought. The post Bumi Armada-MISC merger falls through appeared first on Offshore…
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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…
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CMB.TECH and Golden Ocean to merge into ‘one of largest diversified listed maritime groups’
CMB.TECH and Golden Ocean to merge into ‘one of largest diversified listed maritime groups’ Dry bulk shipping company Golden Ocean Group (GOGL) and Belgian shipowner CMB.TECH have signed a term sheet for a contemplated merger, which is expected to create “one of the largest diversified listed maritime groups in the world” with a combined fleet…
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UK oil & gas duo mulling over potential merger
UK oil & gas duo mulling over potential merger Serica Energy and EnQuest have taken steps to engage in talks over a potential business combination that has the opportunity to create a bigger combined company with a total market capitalization of nearly $1 billion. The post UK oil & gas duo mulling over potential merger…
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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…
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With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025
With final say on arbitration due by August-end, Chevron readying for ‘prompt close’ of Hess merger in 2025 Chevron is confident that its rival, Hess Corporation, will emerge as the winner in the ongoing arbitration proceedings the remaining Stabroek block partners launched over the sale of interests in assets off the coast of Guyana. The…
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ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player
ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player ConocoPhillips has brought a compatriot oil and gas company into its fold by wrapping up the multibillion-dollar business combination with Marathon Oil Corporation. The post ConocoPhillips ties the $22.5 billion merger knot with US oil & gas player appeared first on Offshore…