Simmons Parallel Energy Fund is now halfway through its lifecycle and is seeking to invest a further £17 ($27) million in eastern hemisphere-located oilfield service and alternative energy companies over the next two years.
Aker Solutions has acquired 70% of the Norwegian companies Ing. Harald Benestad and Phaze Technologies, suppliers of subsea controls, power distribution and applications.
DNV has acquired Synergi Solutions, provider of quality/HSE software for risk and non-conformance management.
ENGlobal has negotiated an increase in its line of credit with Wells Fargo from $25 to $35 million. A further $9.5 million facility has been negotiated to support the Caspian Pipeline Consortium project.
Expro Group has received a $250m equity injection from its shareholders, along with an increase in its revolving credit facility from $100m to $160m.
Forum Energy Technologies has acquired Cannon Services, a supplier of downhole completion control lines and cable protection systems. Forum also acquired SVP Products (flow control equipment and hydraulic fracturing consumables), and Davis-Lynch (cementing and casing products).
Fugro has bought Houston-based consultants, AOA Geophysics.
Energy Technology Ventures, a GE Energy/ConocoPhillips joint venture, has invested in Houston-based Glori Energy to develop its Activated Environment for Recovery of Oil (AERO) enhanced oil recovery technology.
National Oilwell Varco has acquired Ameron for $772 million cash.
Oiltanking Partners has announced an initial public offering of ten million common units (approx. 25% of the company) at $21.50 a pop.
Reservoir Group, has announced the acquisition of the assets and business of Canada Tech from IROC Energy Services Partnership.
Select Energy Services has acquired Eagle Fishing Tools and Services.
Schlumberger has completed its acquisition of Framo Engineering from Frank Mohn. The company makes multiphase pumps metering systems.
© Oil IT Journal - all rights reserved.