Bekaert acquires the majority shares of Flintstone Technology Ltd. to further strengthen its offering in offshore mooring solutions

Bekaert today announces the acquisition of 75% of shares in Flintstone Technology Ltd. Flintstone, based in Dundee Scotland, provides mooring technology solutions, systems design and testing capabilities for the global offshore energy markets. It offers a range of products and services including connectors and tensioners for permanent mooring. Bekaert’s ambition is to be the leading... Continue Reading →

December 1, 2023 0

Brazil’s Vibra rejects ‘unjustifiable’ Eneva merger proposal

(Reuters) - Brazilian fuel distributor Vibra (VBBR3.SA) on Tuesday rejected the merger proposal it received from energy firm Eneva (ENEV3.SA), saying the exchange ratio of the offer was "unjustifiable," while leaving the door open for new offers. On Sunday, Eneva had sent an unsolicited offer to Vibra proposing a stock-for-stock merger of equals. Vibra said its board of directors... Continue Reading →

November 29, 2023 0

Fugro bolsters marine robotics offering with acquisition of SEA-KIT

(OET) The Netherlands-headquartered geo-data specialist Fugro has reached a binding agreement for the acquisition of the remaining shares in SEA-KIT International. The two players have enjoyed a long-standing relationship in the development of hi-tech uncrewed surface vessels (USVs) for low-carbon emission maritime operations and research. While revealing the deal to acquire the full ownership of SEA-KIT... Continue Reading →

November 27, 2023 0

Brazil’s Eneva proposes merger with Vibra to create energy giant

(Reuters) - Brazilian energy company Eneva (ENEV3.SA) has submitted a non-binding proposal to merge with local fuel distributor Vibra Energia (VBBR3.SA), the company said in a securities filing on Sunday. Eneva said it had sent a letter to Vibra's board of directors proposing the stock-for-stock merger of equals, which it dubbed a "unique opportunity for both companies and... Continue Reading →

November 27, 2023 0

Spain’s Grenergy to expand in US under $2.8 bln plan

(Reuters) - Spain's Grenergy (GREG.MC) plans to more than double its U.S. solar power generation projects pipeline in the next three years under a 2.6 billion euro ($2.8 billion) investment strategy. Spanish energy firms such as renewables giant Iberdrola and oil major Repsol have increased their focus on the United States as they try to take advantage of massive subsidies included... Continue Reading →

November 21, 2023 0

UK’s Octopus Energy Launches $3.7B Offshore Wind Fund with Tokyo Gas

(OW) Octopus Energy’s generation arm has launched a dedicated fund with Japan’s Tokyo Gas to invest GBP 3 billion (approximately EUR 3.5 billion) in offshore wind globally by 2030. The fund, set up with a GBP 190 million (about EUR 217 million) cornerstone investment from Tokyo Gas, will invest in the development, construction, and operational... Continue Reading →

November 17, 2023 0

Australia’s Karoon Energy to Buy Stakes in U.S. Offshore Fields for $720M

(Reuters) Karoon Energy announced deals worth $720 million on Thursday to buy stakes in certain offshore oil and gas fields in the Gulf of Mexico from U.S.-based LLOG Exploration, in a move to diversify operations beyond Brazil and Australia. The oil and gas explorer said it would raise around A$480 million ($312.43 million) to fund a 30% stake purchase... Continue Reading →

November 17, 2023 0

Oil & gas firm seeks new partners for ‘high-value play’ after getting thumbs-up for Tullow Guyana acquisition

(OET) AIM-listed and Canada-headquartered oil and gas company Eco (Atlantic) Oil & Gas is embarking on a search for new partners, after expanding its interest in a block offshore Guyana, thanks to the green light for the acquisition of Tullow Oil’s entire interest in Tullow Guyana (TGBV), which includes the Orinduik license and operatorship of... Continue Reading →

November 15, 2023 0

Chevron Takeover of Hess Resurrects Multi-billion Dollar Tax Shield

(Reuters) Chevron’s deal to buy Hess will unlock $15 billion worth of tax benefits that had once been relegated to the accounting dustbin, as the combined company takes advantage of Hess’s past losses to cut future payments, according to the company and tax experts. The tax shield is a little-known advantage to Chevron's mega-takeover of Hess... Continue Reading →

November 14, 2023 0

Equinor acquires Rio Energy, a Brazilian renewable energy company, with selected assets

(TN) Equinor signed an agreement with Denham Capital to acquire Rio Energy, a leading company in onshore renewable energy in Brazil. The transaction includes selected assets and employees, while Denham Capital will retain certain assets. With this acquisition, Equinor reinforces its position as an energy company in the Brazilian market. "Through Rio Energy, Equinor will... Continue Reading →

November 7, 2023 0

Category: Mergers