Mergers & Acquisitions

Vitol, Carlyle's Varo Energy buy Total Swiss Diesel

Vitol and the Carlyle Group's joint-venture Varo Energy has bought French oil company Total's Swiss diesel and heating oil storage and distribution businesses, the company said on Thursday.

Repsol: Return Shareholders Money if No Acquisitions

Spain's Repsol will return cash to shareholders if it fails to identify a company or assets that meets its acquisition goals, Chief Financial Officer Miguel Martinez

Saab Completes Acquisition of TKMS (Kockums)

  Defence and security company Saab's acquisition of the Swedish shipyard Thyssen Krupp Marine Systems (TKMS, formerly Kockums) has now been completed. The acquisition

Semco and PV Join Forces for Rig Upgrade

  Semco Maritime and PetroVietnam Marine Shipyard join forces to establish high class rig upgrade player in South East Asia - Vung Tau Rig Services. The initiative

Kito Americas Acquires Peerless Industrial

Kito Americas, Inc. announced today that the company has entered into a stock purchase agreement to acquire Peerless Industrial Group from Westview Capital Partners II, L.

Navios Announces VLCC Delivery

Navios Maritime Acquisition Corporation, an owner and operator of tanker vessels, has announced that the Nave Electron, a 2002-built VLCC of 305,178 dwt, was delivered

Itochu, Sumitomo's Australia Coal stake for Sale

Japan's Itochu Corp and Sumitomo Corp want to sell their stakes in two Australian coal mines and a coal terminal they co-own with Glencore PLC, two people familiar with the matter said on Wednesday.

Freeport Earnings Flat, "Encouraged" in Indonesia

Freeport-McMoRan Inc on Wednesday reported second quarter earnings that were little changed from a year earlier, and said it is "encouraged" by its discussions with the government of Indonesia.

Unipetrol Nets Positive Impact from Rafinerska Acquisition

Czech oil processing company Unipetrol expects to book an up to 400 million crown ($19.64 million) positive impact from the pending acquisition of a 32.4 percent stake in Ceska Rafinerska from ENI,

Sembawang Shipyard to Convert 2 FPSOs for Kaombo Project, Angola

  Sembcorp Marine’s wholly-owned subsidiary Sembawang Shipyard has secured a Floating Storage Production Offloading (FPSO) conversion contract worth about S$600 million from Saipem SA,

ICBC Financial Leasing Purchase 2 CIMC Raffles Drilling Rigs

ICBC Financial Leasing Company Limited signed a leasing project with Schahin of two ultra-deepwater drilling rigs during China-Brazil Business Council-Annual Meeting 2014 on 17th July 2014.

Salamander Concludes Formal Sale Process

  Salamander announces that, further to the announcement made today in respect of a definitive conditional Share Sale and Purchase Agreement entered into between

Wärtsilä and CSSC in 2-stroke engine JV

  Wärtsilä and China State Shipbuilding Corporation (CSSC) have signed an agreement to establish a joint venture, which will take over Wärtsilä’s 2-stroke engine business.

MHI to Integrate Two Group Companies

  Effective October 1, Mitsubishi Heavy Industries, Ltd. (MHI) will integrate two of its group companies: Mitsubishi Heavy Industries Air-Conditioning and Refrigeration Corporation,

DONG Energy Expands in the Port of Esbjerg

  The positive development within the offshore industry has made its impact on DONG Energy, which is a significant player in the market. The increased activity

Macquarie Infrastructure Company Wholly Owns IMTT

Macquarie Infrastructure Company (MIC) informs it has successfully completed the acquisition of the 50% of International-Matex Tank Terminals (IMTT) it did not already own.

Danos Names Broxson Division Manager

Danos recently named Alan Broxson, a 35-year veteran of the oil and gas industry, manager of the company’s new Instrumentation and Electrical (I&E) Division. Earlier this month,

SGS Fishing for Marine Acquisition as Growth Slows

The world's largest testing and inspection company, SGS, is hunting for an acquisition in the marine sector to add to a portfolio of businesses slowed by weak demand

Murphy Oil's Malaysia assets Draw Wide Interest

ONGC and Oil India may team up for joint bid; Kuwait Petroleum, Mitsui among others eying Murphy's assets. Thailand's PTT decides not to bid. Japan's biggest

CEVA launches City of Energy in Middle East

  CEVA Logistics, one of the world’s leading global supply chain management companies, today announced the official opening of the City of Energy in the United Arab Emirates.

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