The Aberdeen based subsea controls engineering division of SEA, a subsidiary of the independent technology group Cohort plc, has undergone a management buyout as it looks to grow its core business in the North Sea […]
Liberty Oilfield Services Inc. and Schlumberger have announced an agreement for the contribution of Schlumberger’s onshore hydraulic fracturing business in the United States and Canada (OneStim®), including its pressure pumping, pumpdown perforating, and Permian frac […]
Ørsted has finalised the divestment of its Danish power distribution business (Radius), residential customer business, and City Light business to SEAS-NVE. As part of the transaction, approximately 750 employees have been transferred from Ørsted to […]
Emerson has announced it has agreed to acquire Open Systems International, Inc. (OSI Inc.) for USD 1.6 billion in an all cash transaction. OSI Inc. is an operations technology software provider that broadens and complements […]
NAVTOR, provider in navigational software for the maritime industry, has announced that it has received a majority growth investment from Accel-KKR, a global software-focused investment firm headquartered in Silicon Valley. The investment also marks Accel-KKR’s […]
North-east established drilling repair company, MRDS, has been acquired by Aberdeen based investment firm Garrick Group for an undisclosed amount. MRDS, which specialises in project management, inspection, repair and overhaul of oilfield drilling equipment both […]
Following the regulatory approvals and the agreement of partners, Total has closed the sale of UK North Sea non-core assets to NEO Energy. “As announced on May 20, we have worked closely with HitecVision and […]
Total oil and gas industry M&A deals in Q2 2020 worth USD 23.95 billion were announced globally, according to GlobalData’s deals database. The value marked an increase of 114.2% over the previous quarter and a […]
Total has signed an agreement to sell the Lindsey refinery and its associated logistic assets, as well as all the related rights and obligations, to the Prax Group. Located in Immingham (Lincolnshire) in England, the […]
Versalis has announced the signing of the closing that formalises the acquisition of a 40% stake in the Finproject capital from VEI Capital. The Eni chemical company thus enters the high-performance formulated polymer sector and […]
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