Ashtead Technology to buy Seatronics and J2 Subsea
Subsea services provider Ashtead Technology (AIM: AT.) has signed an agreement to acquire Seascan Ltd from Acteon Group for £63 million.
Finance
Equinor makes $6.9b in third quarter
Equinor (OSE:EQNR) brought in an adjusted operating income of $6.89 billion and $2.04b after tax in the third quarter of 2024.
GB Energy chairman aims to create UK Ørsted
GB Energy chairman Juergen Maier has revealed long-term plans for the publicly-owned energy company to follow in the footsteps of Denmark's renewable energy giant, Ørsted.
Woodside to delist from London Stock Exchange
Australian oil and gas firm Woodside (LON: WDS) is set to delist from the London Stock Exchange (LSE) following a review of its "current listing structure".
Ithaca Energy receives credit rating boost following Eni tie-up
The three major credit rating agencies have upgraded Ithaca Energy’s (LON: ITH) credit rating following the completion of Ithaca’s business combination with Italian energy company Eni earlier this month.
OEUK reports on impact of fiscal policy on economic growth
Offshore Energies UK (OEUK) released data in September modelling the impact of the Government’s announced stronger Energy Profits Levy (EPL) on the UK economy. It’s a plan that adds more pressure on the sector over a longer time.
NSTA guidance aims to speed North Sea deals
The North Sea Transition Authority (NSTA) has published new guidance designed to smooth and accelerate merger and acquisition (M&A) deals between companies operating in the North Sea.
Equinor takes 9.8% stake in Ørsted
Norway’s Equinor (OSE:EQNR) has acquired a 9.8% stake in Danish renewables group Ørsted (XCSE: ORSTED)
THREE60 Energy sees revenue rise by a quarter in 2023
Aberdeen-headquartered THREE60 Energy saw its revenue increase by 24% to over £184 million in 2023, driven by strong performance across all service lines.
TotalEnergies says UK oil tax will hurt investment, operations
Planned oil and gas tax changes in the UK will prompt TotalEnergies (PAR: TTE) to reduce capital expenditure and restructure operations in the country, the company's chief executive officer Patrick Pouyanne said.
Lucky number seven: 3t to break $100m turnover with Middle East acquisition
UK-based safety training group 3t has made its seventh acquisition by purchasing the Middle East’s largest energy training business, GTSC.
Rachel Reeves ‘difficult circle to square’ with energy finances
On the face of it, there is a paradox. Rachel Reeves has inherited a massive black hole in public spending. Large scale infrastructure projects are being cut, left, right and centre.
Litigation in transition: Energy sector disputes and the role of legal finance
The transition from fossil fuels to renewable energy is fundamental to decarbonising the global economy and mitigating the impacts of climate change. However, this shift also brings a higher risk of disputes across various business activities – disputes that are likely to be many and varied given the magnitude of the infrastructure and technology involved.
Halliburton posts highest quarterly revenue in over a decade
Halliburton has posted its highest quarterly earnings in over a decade after bringing in total revenues of $5.8 billion (£4.6bn) in the first quarter of 2024.
Financial expert on ‘if you do oil and gas, we’re not interested’ attitude
There are still a number of barriers to entry for clean energy technologies while oil and gas is offering up work, creating a Catch-22 situation for supply chain firms seeking investment.
Early expert support key to keeping afloat
While the M&A market has faced its challenges, it has largely held up during the last 12 months, with many corporate finance advisers reporting, perhaps unexpectedly so, that they have experienced a strong deals flow throughout the year.
The UK Budget in its economic context
The UK Budget should be assessed in relation to its macroeconomic (aggregate) effects and in relation to its impact on individual elements (i.e. microeconomic effects).
Mergers and acquisitions outlook for evolving energy services sector
The profitability of oil and gas versus the excitement for renewables is creating an interesting dynamic for investors across the energy industry.
Averroes Capital completes the buyout of Glacier Energy
Averroes Capital is pleased to announce the buyout of Glacier Energy, a specialist provider of products, services and engineered solutions for energy and industrial markets.
What is the M&A outlook for the evolving energy services sector?
The experts at Hutcheon Mearns discuss the energy M&A outlook for 2024.
French fund rule puts $7.6 billion of oil, gas assets at risk
A French rule targeting ESG funds has the potential to force oil and gas divestments of €7 billion ($7.6 billion), according to an analysis by Morningstar Inc (NYSE: MORN).
Accelerating green exports in the UK
UK Export Finance is the government’s export credit agency (ECA). Its mission is to advance prosperity by ensuring that no viable UK export fails for lack of finance or insurance doing that sustainably and at no net cost to the taxpayer.
Brits in America: Considerations for UK Pensions & Investments
My husband and I are in the process of moving from Aberdeen, UK to Houston, Texas. Surprisingly enough, not because of his engineering career in Oil & Gas, but because I am a Chartered International Financial Planner.
M&A activity remains buoyant in H2 2022
AAB Corporate Finance is delighted to share with you our Deals Update for H2 2022 in conjunction with Energy Voice, highlighting selected energy merger and acquisition (M&A) and fundraising transactions across the UK.
Kwasi Kwarteng sacked as Chancellor after just six weeks
Chancellor Kwasi Kwarteng has been sacked after just six weeks in the role.