Investment firm Inspirit Capital acquires CWind
UK-based Investment firm, Inspirit Capital, has completed its acquisition of CWind, an offshore wind support services business from Global Marine Group.
mergers and acquisitions (M&A)
Exxon in Talks to Pay More Than $250 a Share for Pioneer
Exxon Mobil Corp. is close to a $58 billion deal to buy Pioneer Natural Resources Co., underpinning a bet that oil and gas will remain central to the world’s energy mix for decades no matter what path nations take toward a lower-carbon future.
Harbour Energy agrees £65m deal to sell Vietnamese business
Harbour Energy (LON: HBR) has reached an agreement to offload its business in Vietnam to local counterpart Big Energy Joint Stock Company.
Eni, Neptune deal further evidence of European majors changing tack on M&A
The winds of change appear to be blowing through Europe’s oil and gas sector as Big Oil moves away from its strategy of streamlining.
Eni deal a ‘clean exit’ for Neptune board amid low valuations for oil stocks
A top oil and gas analyst has given reasoning for Neptune Energy’s decision not to go down the public listing route.
Neptune takeover: ‘Strategic logic’ to Eni’s decision, says analyst
Analysts have highlighted Neptune Energy’s bountiful gas reserves as a driving force behind its impending takeover.
Italy’s Eni nears $5bn deal for Neptune Energy
Italian energy group Eni (NYSE: E) is nearing a deal to acquire oil and gas explorer Neptune Energy Group for about $5 billion, according to people familiar with the matter.
Subsea 7 calls off bid for DOF Group after board ‘refuses to engage’
Subsea 7 (OSLO: SUBC) has temporarily paused its pursuit of Norwegian subsea services firm DOF Group (OSLO: DOF).
DOF Group snubs initial takeover approach from Subsea 7
Subsea 7 says that merging with DOF, whose DOF Subsea branch has a base in Aberdeen, would bring significant benefits to shareholders.
Tax uncertainty leading to fewer fresh faces in North Sea deals, says M&A experts
Fiscal complexity and uncertainty around future tax changes is being blamed for a lack of new entrants into the UK offshore oil and gas sector.
Divesting oil & gas assets – is it ESG?
The importance of ESG within the energy sector continues to be a headline topic and one which for oil and gas companies needs to form part of their business strategy as to how they contribute to the economy and society in which they operate.
Aberdeen acquisition: Well management firm Zenith Energy snaps up recruiter Prodrill
Well management firm Zenith Energy has struck a deal to acquire recruitment specialist Prodrill Energy Resource Solutions.
TotalEnergies weighs bid for $5bn oil explorer Neptune
TotalEnergies (PARIS: TTE) is considering a bid for private equity-backed oil and gas explorer Neptune Energy Group, people with knowledge of the matter said.
Exxon, Pioneer held preliminary talks over possible deal: WSJ
Oil giant Exxon Mobil (NYSE: XOM) has held preliminary talks with Pioneer Natural Resources over a possible acquisition of the fracking company, the Wall Street Journal reported, citing people with knowledge of the matter.
Apollo moves to break deadlock with final takeover bid for Wood
After "careful consideration", and in a bid to reach "a definitive conclusion", Apollo submitted a fifth, and final, offer on Tuesday.
Seadrill formally completes acquisition of Aquadrill
Drilling contractor Seadrill (NYSE: SDRL) has formally completed its planned takeover of Aquadrill, creating an “industry leading” company.
Serica moves into list of top 10 North Sea producers after formal completion of Tailwind deal
London-listed Serica Energy (LON: SQZ) has formally completed the previously announced takeover of Tailwind Energy.
Viaro at ‘very advanced stage’ of deal for ‘large’ North Sea production assets
Viaro Energy’s buying spree shows no sign of letting up, with the company in the final phases of a deal for more North Sea fields.
Reabold receives offer for 49.99% stake in Corallian, including Victory project
Oil and gas company Reabold Resources has received a conditional, non-binding offer from a “credible party” for its major share in Corallian Energy.
‘Positive momentum’ for oil and gas deals in 2020 – AAB
It was an interesting year for deal-making in 2019, despite political and economic challenges.
Simmons predicts a ‘body of potential sellers’ for oil and gas deals in 2020
In making any predictions for the year ahead, it makes sense to look back at the previous year.
‘Bargains’ to be had in UK North Sea this year – Wood Mackenzie
A top energy consultancy insists there are “bargains” to be had in the UK North Sea in 2020.
Simmons predicts ‘renewed optimism’ will drive oil and gas deals in 2020
A renewed optimism in oil and gas will drive M&A activity forward in the new year, a top north-east dealmaker has said.
More new oil and gas inventory coming from mergers, not exploration
Increasingly more recoverable barrels of oil and gas around the world are coming from corporate mergers and acquisitions, and not from traditional exploration.
Natural selection in energy transition
While the shift from hydrocarbons to renewables is far from smooth, investment opportunities in the generation, service and utility markets are proliferating as the sector landscape evolves.