Q2 Challenging for USA Upstream Merger Activity

(Rigzone) Overall, Q2 was a challenging quarter for negotiating deals as volatility roiled both commodity and equity markets. That’s what Enverus Intelligence Research (EIR) stated in its summary of 2Q 2022 U.S. upstream M&A activity, which highlighted that, despite the challenge, about $12 billion was transacted “as numerous private equity (PE) firms brought their investments... Continue Reading →

Keppel Posts 66% Jump in First-half Profit

Singaporean conglomerate Keppel Corp on Thursday reported a first-half profit that rose 66%, helped by higher earnings across most of its main businesses and a rebound at its offshore & marine (O&M) unit. Keppel, which traces its roots to a small ship repair yard corporatized in 1968, has seen its renewable energy and asset management... Continue Reading →

Helix takes ‘meaningful step’ towards its energy transition model by closing Alliance deal

Houston-headquartered offshore energy services provider Helix Energy Solutions has completed the acquisition of Louisiana-based, privately-held Alliance group of companies, enabling it to expand its decommissioning presence in the Gulf of Mexico. Back in May 2022, Helix revealed that it had entered into a definitive agreement to acquire 100 per cent of the equity interests of the Alliance... Continue Reading →

KNOT Offshore Partners LP Announces Acquisition of Synnøve Knutsen

(BW) KNOT Offshore Partners LP (the “Partnership”) (NYSE:KNOP) announced today that its wholly owned subsidiary, KNOT Shuttle Tankers AS, has acquired KNOT Shuttle Tankers 35 AS, the company that owns the shuttle tanker, Synnøve Knutsen, from Knutsen NYK Offshore Tankers AS (“KNOT” “Sponsor”) (the “Acquisition”). The purchase price of the Acquisition, which has been financed on... Continue Reading →

Aker BP – Lundin merger to come into force today

Norwegian oil and gas company Aker BP has revealed that the acquisition of Lundin Energy’s oil and gas business, through a statutory merger, is expected to be completed today, which will create the largest listed E&P company focused exclusively on the Norwegian Continental Shelf (NCS). Back in December 2021, Aker BP agreed to acquire Lundin Energy’s oil... Continue Reading →

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