Category: Mergers

Gazelle Wind Power Takes Controlling Stake in F. Carceller to Drive Floating Offshore Wind Innovation

Gazelle Wind Power (Gazelle), the developer of a hybrid modular floating offshore wind platform, has agreed to take a controlling stake in Spanish-based naval architect and marine consulting firm Faustino Carceller, S.L. (F. Carceller).  "Gazelle’s shipbuilding approach for construction creates synergies for both companies, making this acquisition a practical fit to help the company accelerate... Continue Reading →

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Spain’s Iberdrola denies plan to acquire RWE

 (Reuters) - Spanish power company Iberdrola (IBE.MC) denied on Tuesday that it was looking into acquiring Germany's biggest utility, RWE (RWEG.DE), in a deal worth 31 billion euros ($34.12 billion) as earlier reported by local media. Citing sources familiar with the matter, Spanish newspaper Okdiario said Iberdrola was working with JPMorgan to "analyse the possibility" of acquiring RWE and the... Continue Reading →

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Ecopetrol to Use Artificial Intelligence to Boost Oil Exploration Success Rates and Output

(Reuters) Colombia's majority state-owned oil company Ecopetrol will use new technology, including artificial intelligence, to improve exploration success rates and boost output from existing fields, new Chief Executive Ricardo Roa said on Monday. Roa officially took over as CEO on Monday following his appointment earlier this month, replacing former chief Felipe Bayon amid a push... Continue Reading →

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Tethys Marine & Logistics Becomes 51% Shareholder of OSV Firm Bourbon Guyana

Bourbon Marine & Logistics has partnered with the Guyanese company Tethys Marine & Logistics, which becomes a 51% shareholder of the Bourbon Guyana Joint Venture.  "With 75% Guyanese Directors, Bourbon Guyana thus becomes the first indigenous Offshore Support Vessels operator, fully compliant with the most recent local content regulations," Bourbon Marine & Logistics said. "With a... Continue Reading →

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AFC to Buy Ghana-focused Aker Energy

(OE) AFC Equity Investment has agreed to buy Aker Energy, a company working to develop the Pecan oil field offshore Ghana, from Aker Capital and The Resource Group Aker today holds 50.79 percent of the shares in Aker Energy, and TRG holds 49.21 percent.  AFC Equity Investment is owned by Africa Finance Corporation (“AFC”).  The... Continue Reading →

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Exxon eyes potential purchase of shale driller Pioneer -WSJ

(Reuters) - Exxon Mobil Corp (XOM.N) has held preliminary talks with Pioneer Natural Resources Co (PXD.N) about a possible acquisition of the U.S. shale oil producer, the Wall Street Journal reported on Friday, citing people familiar with the matter. Discussions between the two companies about a potential deal have been informal, the newspaper said, adding that Exxon executives have discussed a... Continue Reading →

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Offshore Drilling Firm Seadrill Acquires Aquadrill. Combined Backlog at $2.6B

Offshore drilling firm Seadrill said Tuesday it had completed the previously proposed acquisition of Aquadrill, a company previously known as Seadrill Partners. In connection with the completion of the transaction, Seadrill issued an aggregate 29,866,505 common shares to former Aquadrill unitholders and equity award holders, resulting in issued share capital of $798,665.03 divided into a... Continue Reading →

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