Plexus forms joint venture with BEL Valves
Plexus Holdings has formed PPC, a majority owned JV which will exclusively supply Plexus with surface production Xmas trees and wellhead annulus outlet valves. …
M&A
Blue Water Energy acquires welding specialist Pipeline Technique
London-based private equity firm Blue Water Energy announces the acquisition of Pipeline Technique Limited (“PTL”), a leading provider of high-end pipeline …
Abu Dhabi pension fund invests in ADNOC pipeline infrastructure
The Abu Dhabi National Oil Company (ADNOC) announced that it has entered into a follow-on pipeline infrastructure investment agreement with the Abu Dhabi …
ENGIE-led consortium wins competitive bidding process in Brazil for the acquisition of TAG
ENGIE announces that the consortium in which it holds a majority stake has won the competitive bidding process conducted by Petrobras for the sale of a 90% …
Oil and gas services provider XL Group buys flow control firm AMC
Aberdeen technology and engineering firm XL Group has announced the acquisition of Artisan Measurement & Control Limited (AMC). Wiltshire-based AMC will …
Proserv sells drilling services business to C-Automation
Leading controls technology company Proserv and C-Automation, a manufacturing and field services provider specialising in pressure control systems, have …
Tenaris to acquire IPSCO Tubulars from TMK
Tenaris announced that it has entered into a definitive agreement to acquire from PAO TMK, a Russian company and manufacturer of steel pipe, 100% of the shares …
Adnoc seals $4 billion pipeline infrastructure deal with KKR, BlackRock
Abu Dhabi National Oil Company (Adnoc) has sealed a $4 billion midstream pipeline infrastructure deal with U.S. investment firms KKR and BlackRock, the …
Weir agrees sale of Flow Control division to First Reserve
The Weir Group announced that it has entered into an agreement to sell its Flow Control division to First Reserve, a leading global private equity investment …
Tubacex and Senaat join forces to grow in the Middle East
Tubacex and Senaat, an industrial investment holding company owned by the Emirate of Abu Dhabi, have started a strategic partnership to support the development …