John Wood Group said on Monday it has decided to engage with Apollo Management for a firm offer from the private equity firm for a final buyout price of 240 pence per share, which values the group at about 1.66 billion pounds ($2.06 billion)…
Norway on Wednesday opened tenders for two areas in the North Sea to build wind parks that could produce some 3 gigawatt (GW) of electricity, in a first step towards a goal of producing 30 GW by 2040, garnering strong interest from energy firms…
Norwegian energy and marine consultancy group ABL Group has agreed to acquire 100% shares in offshore engineering, consultancy, and software company AGR from Akastor.'The purpose is to bolster ABL Group’s offering within well and reservoir consultancy…
Shares of John Wood Group Plc surged over 30% on Thursday after the company said it received three preliminary buyout proposals from private equity firm Apollo Global Management Inc. The British oilfield services and engineering firm said late…
A new joint venture company formed in the United Arab Emirates will offer offshore surveys and subsea services in the UAE, across the GCC region, as well as in select international markets.The new firm, SAFEEN Surveys and Subsea Services, was…
Offshore services firm Global Marine Group has extended the contract for Solstad Offshore's construction support vessel Normand Clipper.The contract extension is for three years more, with the vessel now expected to stay with Global Marine Group until May 2026…
Norway has earmarked two areas in the North Sea to accommodate up to 4.5 gigawatt (GW) of floating and bottom-fixed wind turbine capacity and will identify additional offshore areas for development amid strong interest from energy firms.Utsira Nord…
Energy and marine consultancy AqualisBraemar LOC Group has completed the acquisition of the UK operations of ship design and marine consultancy company OSD-IMT from Damen Shipyard Group.OSD-IMT is a specialist consultancy in ship design for new build…
AqualisBraemar LOC, an energy and marine industry consultancy, has agreed to buy the UK operations of ship design and marine consultancy company OSD-IMT from the Dutch-based Damen Shipyards Group.OSD-IMT is a specialist consultancy in ship design for new build…
Malaysian oil and gas producer and energy services provider Sapura Energy said Tuesday that Reza Abdul Rahim would step down from his position as Chief Financial Officer.He will step down on October 1, 2021, after more than five years in the role…
UAE-based subsea equipment maker Unique Group has appointed GoSubsea, a recently formed subsea equipment and service firm based in Norway, as its survey equipment agent for the Scandinavian region. The agreement will see GoSubsea offer a full…
Abu Dhabi's ADNOC Logistics & Services has teamed up with the Dutch firm Roll Group to strengthen its turnkey integrated logistics offering.'The partnership with Roll Group enables ADNOC L&S to jointly implement heavy haulage solutions for both onshore and offshore projects…
Global maritime group Wilhelmsen and the Norwegian offshore supply base firm NorSea have together acquired an 18% stake in the Norwegian deep-sea mining company Loke Marine Minerals.'As the energy transition continues to gather pace, we are actively looking at new projects and business areas…
TechnipFMC, a company best known for its offshore oilfield services and equipment, is looking to diversify its offering and has now joined forces with Loke Marine Minerals (Loke) to develop enabling technologies for the extraction of seabed minerals in Norway…
Maritime connectivity and IT solutions provider Marlink Group has completed the acquisition of ITC Global from Panasonic.'The acquisition, backed by Apax Partners sas, marks another milestone in the company’s M&A strategy. Within the Marlink Group…
