Mergers & Acquisitions

MHI to Change Name of Group Company

  Effective November 1 Mitsubishi Heavy Industries, Ltd. (MHI) will change the name of its group company in Singapore from Mitsubishi Heavy Industries Engineering & Services Private Ltd.

Vale CEO: Coal Deal Soon

Brazilian mining company Vale SA is close to making a "strategic" announcement concerning its coal unit, the company's chief executive Murilio Ferreira said on

Verbund Sells Bulgarian Wind Farm

Verbund sold its Bulgarian wind farm to a unit of Bulgarian financial group Inovent Holding, the Austrian utility said on Thursday without disclosing the price.

ConocoPhillips Sheds Nigeria Asset, 3Q Profit Up

ConocoPhillips, the largest U.S. independent oil company, reported higher third-quarter profit on Thursday, lifted by the sale of its Nigerian business. Over the last several years,

Fincantieri & Vittoria Shipyard Join Forces

During the 24th edition of Euronaval, the most prestigious event in the world for naval defense, Fincantieri, one of the major shipbuilding groups worldwide, and Vittoria Shipyard,

Hess 3Q Net Income Soars on Asset Sales

Oil and gas producer Hess Corp said on Wednesday its quarterly net income more than doubled due in part to gains from recent asset sales and a production jump in North Dakota's Bakken shale formation.

Hurtigruten Shares at 6-yr High After Bid

Norway's Hurtigruten, which operates scenic cruise lines along the country's fjords and into the Arctic, has agreed to a takeover offer from a group led by several board members,

CEVA and L’Oréal Extend Relationship in Indonesia

  CEVA Logistics, a leading global supply chain management company, announced a contract renewal and expanded business with L'Oréal in Indonesia, the world's leading beauty brand.

BP Peddles Rotterdam Storage Terminal

BP has put its Pernis storage terminal in Rotterdam up for sale as part of a broad push to sell assets, a company spokesman said on Tuesday. The 90-acre Pernis

Total Sheds Some Norway Oil Stakes

Total has agreed to sell stakes in several oil fields in Norway to PGNiG Upstream International for $317 million, the French company said on Tuesday. Total is

Drillsearch Acquires Ambassador Oil & Gas

Drillsearch Energy Limited announced having successfully completed compulsory acquisition of the outstanding shares in Ambassador Oil & Gas Limited (Ambassador).

Costa Diadema Presented in Marghera

  Costa Diadema the fifteenth ship and new flagship of Costa Cruises fleet, was presented today by Costa Cruises and Fincantieri. Costa Cruises has invested a

WFW Advises ING Bank on $340m Loan Facility for Euronav

Watson, Farley & Williams (WFW) has advised ING Bank N.V. (ING) as sole bookrunner and facility agent for a syndicate of banks on a $340 million loan facility made available to Euronav NV.

Express Agrees to Be Acquired by Apollo

Premier Oilfield Services Company Partners with Apollo to Support Continued Growth. Express Energy Services (“Express” or the “Company”), a North American oilfield services company,

Proserv Acquired by Riverstone

Energy services company Proserv has reinforced its ambitious growth plans after announcing it has signed a definitive agreement to be acquired by major US private

Genesis Energy Acquires Jones Act Tanker

Genesis Energy, L.P. (GEL)  agreed to acquire for approximately $157 million the M/T American Phoenix from Mid Ocean Tanker Company and two related charters and management agreements.

DP World Receives 1st Scheduled Vessel at New Terminal

  DP World has yesterday welcomed the first scheduled vessel to call at its new Container Terminal 3 in Jebel Ali, Dubai, as it gears up to serve customers at the state-of-the-art facility.

Foster Wheeler & MDM Engineering Merged

   Foster Wheeler AG announced today that an indirect wholly owned subsidiary of the Company has completed the acquisition of MDM Engineering Group Limited (“MDM”)

NewLead Fixes Newcomer, "Newlead Castellano"

  NewLead Holdings Ltd. announced today that it has entered into a time charter contract for the recently delivered Handysize vessel, the "Newlead Castellano".

Technip & Fluor Bag RAPID UIO Project

  Technip, in a joint venture with Fluor, was awarded an engineering, procurement and construction management contract by PRPC Utilities and Facilities Sdn. Bhd.

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