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 …
M&A
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 …
Weir Group close to selling pumps and valves business unit for about $390 mln
Engineering company Weir Group is close to selling a unit, which supplies pumps and valves to power and oil and gas industries, for more than 300 million …
Proserv acquires SGC Metering from Petrofac
Proserv has announced the acquisition of SGC Metering from Petrofac. SGC Metering is a specialist in the design and manufacture of flow computer metering …