Brookes Bell acquires specialist petroleum consultancy Associated Petroleum Consultants Ltd.
Brookes Bell, the leading international multi-disciplinary technical and scientific consultancy serving the marine and energy sectors, announces the acquisition of Associated Petroleum Consultants (APC) for an undisclosed consideration.
APC is an association of consultants to the oil and shipping industry, with over 30 years of experience in the investigation of disputes and claims arising from the...
Sergey Frank
Sovcomflot and NOVATEK sign ‘SMART’ joint venture agreement
4 September 2019, Vladivostok: Today, during the 5th Eastern Economic Forum, PAO Sovcomflot and PAO NOVATEK concluded an agreement to establish a joint venture SMART LLC.
The agreement was signed by Sergey Frank, President and CEO of Sovcomflot, and Leonid Mikhelson, Chairman of the Management Board of NOVATEK.
The main purpose of the joint venture is to ensure safe year-round maritime LNG logistics from the Arctic LNG-2 and...
By Andy Hoffman (Bloomberg) — Commodities trader Trafigura Group Pte Ltd.’s big bet on shipping paid off as it agreed on a tanker sale that will give it much-needed cash and a stake in one of the world’s largest oil-freight firms. Frontline Ltd., the Oslo-based oil tanker company backed by...
SeaRenergy acquires engineering & permit specialist Elbe-1
Hamburg-based offshore service provider SeaRenergy has acquired Elbe-1, an engineering company that offers expertise and consultancy for design, certification and approval of offshore wind projects.
Whereas SeaRenergy provides engineering, marine services, QHSE and Offshore Professionals for installation and O&M of offshore windfarms and platforms, Elbe-1 offers specialists and support for the planning of offshore wind farms globally,...
NASDAQ-listed shipowner DryShips has entered into a definitive agreement to sell all outstanding shares of the company to a holding company controlled by DryShips’ Chairman and Chief Executive Officer, George Economou. Under the terms of the agreement, the holding company, SPII Holdings Inc., will...
Royal Boskalis Westminster has completed the sale of Dutch towing company Kotug Smit Towage to Spain-based Boluda Group. Boskalis was co-shareholder of Kotug Smit Towage with Kotug International. The initial sale was first announced back in March. Boskalis said it receive 93.6 million euros in cash...
Portland, Oregon-based Vigor Industrials is being acquired by global investment firm The Carlyle Group and private equity firm Stellex Capital Management. As part of the agreement, Vigor Industrial LLC, an infrastructure, defense, and maritime services company, will be merged with Norfolk,...
By Archana Narayanan and Alaa Shahine (Bloomberg) –DP World Plc is hiring banks to raise about $1 billion of bonds to finance the acquisition of Topaz Energy & Marine Plc, according to three people with knowledge of the plans. The world’s largest port operator may kick off the sale as early as this...
Dubai-based port operator DP World has acquired 100 percent of offshore services provider Topaz Energy and Marine for a purchase price of more than $1 billion. Topaz operates a diversified fleet of 117 offshore vessels predominantly in the Caspian Sea, the Middle East and North Africa, and West...
By Jennifer Hiller HOUSTON, April 24 (Reuters) – Oil and gas producer Occidental Petroleum Corp on Wednesday made a $57 billion bid for Anadarko Petroleum Corp, topping Chevron Corp’s $50 billion offer and sparking the first takeover battle for a major oil company in years. The surprise...