Aker Solutions is to split into two companies and write down the value of assets in its Oilfield Services unit. One unit will retain the Aker Solutions name and will take over the company’s activity in subsea, umbilicals, maintenance, modifications and operations and engineering (ENG). The other, Akastor, will house drilling technologies, process systems, surface products and oilfield services. A NOK 1.6 billion impairment has been recognized in regard of assets and goodwill of the oilfield services unit of Akastor.
Fugro has acquired Africa-based Geofor, geotechnical consultant and service provider. Geofor has some 600 employees and had €25 million revenues in 2013.
Petrofac has entered into a framework agreement with First Reserve to create PetroFirst Infrastructure Partners. The new venture is to acquire assets from Petrofac’s Integrated Energy Services division as well as in new energy infrastructure projects that utilise Petrofac’s development capability.
SNC-Lavalin is to acquire Kentz Corp., a global oil and gas services company, with 14,500 employees. The deal values Kentz at £1.2 billion, a 33% premium to the share price before the transaction. The new company will have around 44,500 employees of which some 18,500 will operate in the oil and gas sector.
Wood Group is acquiring Agility Group’s Agility Projects unit for NOK 1 billion. Agility will operate in Wood’s Mustang unit.
Following its 2009 ‘redomestication’ from Bermuda to Switzerland, Weatherford International is on the move again. Its new home is corporate tax haven, Ireland.
ION Geophysical now owns 100% of ocean bottom seismic specialist OceanGeo.
Kongsberg took up an undisclosed number of the shares in KBC Advanced Technologies’ recent placement.
© Oil IT Journal - all rights reserved.