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ACQUISITION/MERGER NEWS

Photline Technologies Joins the iXBlue Group

 

 iXBlue extends a warm welcome to Photline, a company in which the group already had a large stake and which now holds almost 100% equity. Photline is now a wholly owned subsidiary of the group. 

ACQUISITION/MERGER NEWS

Qatar Petroleum International (QPI) and Total seal a strategic partnership in Co

 Qatar Petroleum International (QPI) and Total are pleased to announce the signing of a framework of Agreement whereby QPI will participate in Total E&P Congo through its subscription to a 15% share capital increase of this company. This participation reinforces Qatar’s commitment to invest in Africa and illustrates Congo’s willingness to welcome Qatar as a new partner. Furthermore, thanks to its subscription to the capital of Total E&P Congo, QPI will contribute to the company’s significant investment programme in Congo, specifically the Moho North project.

ACQUISITION/MERGER NEWS

Technip acquires Norwegian engineering company Ingenium AS

 Technip announces the acquisition of Ingenium AS, a highly-experienced offshore engineering and services contractor located in Oslo, Norway. Ingenium AS designs and develops mechanical and electro-hydraulic tools and equipment, for the offshore oil and gas industry, and provides engineering services for marine operations, such as the installation of pipes and cables. Comprising over 20 highly-skilled engineers in the subsea business, the umbilical lay spread on the North Sea Giant, for the Goliat project, in 2012 is one of their recent achievements.

ACQUISITION/MERGER NEWS

BP Gains Deepwater Blocks Offshore Eastern Canada

 BP has been successful in its bid for four deepwater exploration blocks offshore Nova Scotia

ACQUISITION/MERGER NEWS

Total Farms into the Bokhtar PSC Area in Tajikistan with a 33.335% Interest

 Total announced that it had signed an agreement with Kulob Petroleum, a subsidiary of Tethys Petroleum, to farm into the Bokhtar PSC Area in Tajikistan with a 33.335% interest. Under the agreement, signed jointly with state-owned CNODC (a subsidiary of CNPC) of China, Total and CNODC will each hold a 33.335% interest in the PSC, while Kulob will retain a 33.33% stake. The agreement is subject to the approval of the Tajikistan government.

ACQUISITION/MERGER NEWS

BP Confirms Winning Bids for Nova Scotia Deepwater Exploration Blocks

 Calgary - BP was today notified that it was the successful bidder for four deepwater exploration blocks offshore Nova Scotia, Canada. 

The Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) announced that BP was the successful bidder for blocks five, six, seven and eight in the Call for Bids NS12-1. The blocks together cover an area of almost 14,000 square kilometres and are located approximately 300 kilometres off the Nova Scotia coast, southeast of Halifax, in water depths ranging from 100 to over 3000 metres. 

ACQUISITION/MERGER NEWS

Aquatic Engineering & Construction Ltd joins Peterhead Energy Hub

 Aquatic Engineering & Construction Ltd, an Acteon company, has become one of several businesses that form the new Peterhead Energy Hub (PEH).

ACQUISITION/MERGER NEWS

FMC Technologies and Edison Chouest Offshore Form Subsea Services Joint Venture

FMC Technologies, Inc. announced today that it has formed a joint venture with Edison Chouest Offshore LLC. The new company will be based in Houston.

 

ACQUISITION/MERGER NEWS

Technip completes acquisition of Stone & Webster Process Technologies and Associ

 Technip announced the completion of the Stone & Webster process technologies and associated oil and gas engineering capabilities acquisition.

ACQUISITION/MERGER NEWS

Moog Acquires Tritech International Limited

Tritech will now be part of the Moog Components Group and report directly into the Moog Components Group’s Halifax operations. It is anticipated that this latest exciting development for Tritech will open up many new opportunities for Tritech and its customers.


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