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 …
M&A
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 …
Chevron to buy $350 mln Texas refinery from Petrobras
Chevron announced that it has signed a Share Purchase Agreement with Petrobras America to acquire all the outstanding shares and equity interests of Pasadena …
Circor announces sale of non-core reliability services business for $85 million
Circor International announced the sale of its Reliability Services business to an affiliate of RelaDyne LLC, a leading provider of lubricants and industrial …
Wind Point Partners acquires and combines Clock Spring and Neptune Research
Wind Point Partners, a leading Chicago-based private equity firm, announced today it has entered into definitive agreements to simultaneously acquire and merge …
Tenaris completes Saudi Steel Pipe stake acquisition
Tenaris, manufacturer of steep pipes, said it closed the acquisition of significant stake in Saudi Steel Pipe Company (SSP) from a private group for 529.8 …
Eni acquires 70% and operatorship of the Oooguruk oil field in Alaska
Eni enters into agreement to acquire 70% and operatorship of the Oooguruk oil field in Alaska from Caelus Natural Resources Alaska LLC. Eni already owns the …
Petronas completes 10% acquisition in Oman’s Khazzan field
Malaysia’s state-run oil and gas company Petronas has completed the acquisition of a 10% stake in a gas field in onshore Oman from Oman Oil Co …
The Snam, Enagás, Fluxys consortium completes the acquisition of 66% of the Greek operator DESFA
The consortium consisting of Snam (60%), Enagás (20%) and Fluxys (20%) has yesterday completed the acquisition of a 66% stake in DESFA, the national operator …