Serica outbids Ratio for Pharos Energy in £145.7m deal
UK oil and gas company Serica Energy has struck a deal to acquire Pharos Energy for £145.7 million, outbidding a rival offer from Ratio Petroleum Energy.
Var Energi to absorb BlueNord in a $1.3bn combination
Var Energi has agreed to combine with a North Sea peer in a deal worth around $1.3bn.
Lockheed Martin to buy Ultra Maritime for $3.45bn
Lockheed Martin has agreed to buy naval-defence specialist Ultra Maritime for $3.45bn, expanding its anti-submarine portfolio.
ABB to buy Norwegian marine automation specialist Høglund
ABB has agreed to acquire Norwegian marine automation specialist Høglund, whose control systems are installed on more than 600 vessels, for its Marine & Ports division.
Diana keeps pressure on Genco with tender extension
Diana Shipping has extended its hostile $27.34-per-share tender offer for Genco Shipping & Trading to July 18, prolonging a closely watched dry bulk takeover battle.
Eldorado finalises $257m acquisition of Vantage Drilling
Eldorado Drilling has completed its roughly $257m acquisition of offshore drilling contractor Vantage Drilling, combining their fleets into a five-rig platform spanning drillships and jackups.
AD Ports tightens grip on Global Feeder Shipping
AD Ports Group has raised its holding in Dubai-based Global Feeder Shipping to 81% after a $300m stake purchase, deepening its push into global feeder container shipping.
ADES acquires Saipem's Saudi drilling business in $285m deal
Saudi driller ADES has agreed to acquire Saipem's Saudi subsidiary and its five jackup rigs for $285m, expanding its fleet to 88 units and entering the Mexican market.
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