Technip announced today that it has completed the acquisition of Global Industries, Ltd. The shareholders of Global Industries approved the merger at a special shareholders meeting held on November 30, 2011 and will receive US$8.00 per share in cash. Global Industries has become an indirect, wholly-owned subsidiary of Technip and trading of its shares will be suspended after NASDAQ closes today.

Global Industries, Ltd. announced today that it has entered into a definitive merger agreement with Technip under which Technip will acquire Global in an all cash merger.

Sonardyne is pleased to announce the acquisition of MARSS Ltd, a high technology marine company with operations in the UK, Monaco and Italy. The Company is run by founder Johannes Pinl and supported by the European Union security directive.

Oceaneering International, Inc. announced that its wholly owned Norwegian subsidiary, Oceaneering AS, has entered into a definitive agreement to acquire AGR Field Operations (AGR FO) from AGR Group ASA and FieldCo Invest AS. AGR FO, headquartered in Bergen, Norway, is a provider of inspection, maintenance, subsea engineering, and field operations services, principally to the oil and gas industry.

The Nigerian content development has received a boost as Jagal, a Nigerian firm and Subsea 7 one of the largest offshore oil servicing companies in the world have floated a joint venture company known as Niger Star7 for the execution of large and complex Engineering, Procurement and Construction Installation (EPCI) projects in Nigeria.

Today, Technip entered into an agreement with Gilles Michel, his holding Askoad Conseil, Comex SA and Sercel Holding, for the acquisition of all of their interests in Cybernétix S.A., representing approximately 45.7% of Cybernétix's share capital, at an aggregate purchase price of approximately 14.1 million euros. Signing of this agreement follows today's positive opinion of Cybernétix Works' Council in relation to Technip's acquisition of the entire interests of Cybernétix reference shareholders, as announced in the press release of November 4, 2011.

Reef Subsea acquires Rotech Subsea creating a world leader in seabed dredging & excavation services Rotech Group will concentrate on Aberdeen-based engineering & fabrication business.

Technip entered into exclusive negotiations with Cybernétix's reference shareholders to acquire all of their shares in Cybernétix, which represents 45.7% of the share capital for a price of €19 per share.

Ulmatec has reached an agreement of the acquisition of Stavanger-based Cetix Group AS, a technology group with long international experience in the oil and gas industry. It is a holding company with subsidiaries in Stavanger, UK and Lithuania.

Kongsberg Maritime AS, a wholly-owned subsidiary of Kongsberg Gruppen ASA, completed the acquisition of Evotec AS today.

Bluefin Robotics, a leader in the design and manufacturing of Autonomous Underwater Vehicles (AUVs) announced today that the company has acquired the assets of Hawkes Remotes, Inc (HRI), a spinoff from Hawkes Ocean Technologies (HOT), that develops advanced Remotely Operated Vehicles (ROVs). Bluefin plans to leverage their AUV autonomy and subsea vehicle experience to add hybrid capabilities to the Hawkes ROVs and offer them as an extension of their current product line to the oil and gas industry.

ITT Corporation announced today that it has completed its acquisition of YSI Incorporated, forming a water-focused analytics business with annual revenue of approximately $300 million. YSI is a leading developer and manufacturer of sensors, instruments, software, and data collection platforms for environmental water monitoring, with facilities in the U.S., Europe and Asia.

ITT Corporation and privately held YSI Incorporated today announced that they have entered into a definitive agreement for ITT to acquire, via merger, YSI, a leading developer and manufacturer of sensors, instruments, software, and data collection platforms for environmental water monitoring. The financial terms of the proposal were not disclosed.

Forum Energy Technologies (FET) announced today the acquisition of Cannon Services, Ltd. (Cannon), a leading supplier of downhole completion control lines and cable protection systems. Cannon, based in Stafford, Texas, was founded twenty-five years ago by Jim Cannon and is a global provider of standard and specialized downhole clamps and protectors used worldwide by oil and gas operators, engineering service companies and submersible pump companies. The purchase marks FET's entrance into the downhole tool market. Terms of the transaction were not disclosed.

Kongsberg Maritime AS, a fully owned subsidiary of Kongsberg Gruppen ASA (Kongsberg) has reached agreement in principle with major shareholders in Evotec AS regarding acquisition of the company. Evotec AS develops and delivers marine technology handling systems to market segments like seismic, offshore supply and subsea. Within these niches, Evotec AS has developed systems which have led them to be one of the leading suppliers in the market. Evotec AS is located in Herøy and Ulstein municipal with a total of approximately 50 employees.