Acquisitions & Divestitures - Mergers & Acquisitions

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

2017/04/21

LNG Developer NextDecade To Merge With Blank-Check Company

Founded in 2010, NextDecade is a developer of LNG projects that is currently focused on a land-based U.S. Gulf Coast export project located close to the Permian and Eagle Ford.

2017/04/19

Blackstone’s $2 Billion Adds EagleClaw Midstream In Delaware Basin

Within one week, $3.5 billion in midstream A&D activity has lit up the Midland and Delaware basins.

2017/04/17

Seaport Global Securities Launches Upstream A&D Division

In addition, Tom Schaefer and Andy Taurins have joined Seaport as managing directors to co-head the firm's A&D investment banking team.

2017/04/13

NuStar Enters Permian With $1.5 Billion Navigator Pipeline Deal

NuStar agreed to acquire Navigator Energy Services for $1.475 billion, marking the San Antonio-based company’s entry into the Permian Basin.

2017/04/11

BHP Resists Call To Ditch Eagle Ford Shale, Permian Oil

A hedge fund wants BHP to split from its U.S. oil business, including the Gulf of Mexico, which it sees as a $22 billion misfit.

2017/04/10

Wood Group Estimates Higher Cost Savings From Amec Foster Deal

Wood Group said it expected about 36% more cost savings from its deal to buy Amec Foster for 2.2 billion pounds (US$2.7 billion) than it first estimated when announcing the deal in March.

2017/04/05

Aker Solutions To Acquire Reinertsen For $24.9 Million

Reinertsen is the third-largest maintenance and modifications supplier offshore Norway. The company's order backlog contains key maintenance and modifications contracts with Statoil.

2017/03/30

CEO Survey: Oil And Gas Innovation Key But Skilled Employees May Be Scarce

PwC’s 20th CEO survey shows that 90% of oil and gas leaders are concerned about leadership positions among a large, technical and skilled workforce in the oil patch.

2017/03/29

Water Services Firms Rockwater, Crescent Agree To $207 Million Merger

Together, Rockwater and Crescent will create one of the largest oilfield water management services companies serving key shale plays across the U.S. and Western Canada, according to the release.

2017/03/28

Enbridge To Cut 1,000 Jobs After Spectra Takeover

 The workforce reductions are a component of the 'synergies' expected over the coming months as it fully integrates the companies, said Enbridge spokesman Todd Nogier.

2017/03/23

Trican To Buy Canyon Services As Shale Drilling Ramps Up

A more than 50% fall in global crude prices since 2014 has triggered a wave of consolidation in the oilfield services industry, which has been battered by a sharp drop in service prices.

2017/03/22

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