NorSea Group (U.K.) Limited is making a major, long-term commitment to the U.K. with the announcement that it will take over operatorship of Smith Quay and Embankment at Peterhead on a 10-year agreement as of September 1. NorSea Group also has…
The McLean Group acted as the exclusive mergers and acquisitions (M&A) advisor to SigInt Technologies, LLC (SigInt) on its purchase by Novetta Solutions, LLC (Novetta), a portfolio company of Arlington Capital Partners. Financial terms of the deal were not disclosed…
OneSubsea™, a Cameron and Schlumberger company, Helix Energy Solutions Group, Inc. and Schlumberger today announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize…
Bonds of oil and gas pipeline company Kinder Morgan Inc rallied Monday on expectations that its credit ratings would be boosted to investment-grade following a US$70bn deal to bring all of its publicly traded units into one group.Kinder Morgan's 5% February 2021 bonds jumped to 107 from 101…
Eni to cut over 50 pct of refining capacity; could cut excess Europe capacity by a quarter. Unions fear eventual job losses.Plans by Italian oil major Eni to slash its refining business by more than half could squeeze out a quarter of Europe's refining overcapacity…
Compañía Chilena de Navegación Interoceánica S.A. (CCNI) with headquarters in Valparaiso, Chile, and Hamburg Südamerikanische Dampfschifffahrts-Gesellschaft KG (HSDG) with headquarters in Hamburg, Germany, announce that they have signed a preliminary…
Defence and security company Saab's acquisition of the Swedish shipyard Thyssen Krupp Marine Systems (TKMS, formerly Kockums) has now been completed. The acquisition strengthens Saab's position as a comprehensive supplier of naval military systems…
Semco Maritime and PetroVietnam Marine Shipyard join forces to establish high class rig upgrade player in South East Asia - Vung Tau Rig Services. The initiative shall tap into the growing market for rig upgrades in the region. Semco…
Danos recently named Alan Broxson, a 35-year veteran of the oil and gas industry, manager of the company’s new Instrumentation and Electrical (I&E) Division.Earlier this month, Danos acquired I&E company API Control System Solutions (API)…
ClassNK has announced the acquisition of Victoria, Canada-based maritime software company Helm Operations. The deal was hailed by both parties as two world-class companies joining forces to improve safety and operational efficiency in the marine industry…
France has received EU backing for a new decree allowing the government to block foreign takeovers of French companies in strategic industries, Economy Minister Arnaud Montebourg said on Thursday.In a surprise move, the government widened…
Peute Recycling, a Netherlands-based recycling firm, has announced plans to undertake a significant investment at its recycling facility, located in Dordrecht, near the port of Rotterdam.The company says it will lay asphalt on 6,000 square meters of its facility in the summer of 2014…
The owners of the respective harbours, municipalities of Umeå and Vaasa, have agreed to set up a joint company, Kvarkenhamnar AB.The new entity with head office in Umeå will take over port management from the Swedish and Finnish local governments as from the 1st of January…
China's increasing regulatory influence over international mergers and acquisitions has helped to create the hottest new commodity in its legal industry: anti-trust lawyers.Six years ago, China did not even have a legal system for regulating the impact of M&A on competition…
Germany's closely held Meyer Werft and the Finnish government are nearing a deal to buy the Turku shipyard in southwestern Finland from STX Europe , the Finnish economy ministry said on Monday.STX Europe belongs to Korean STX. The Turku…