mergers and acquisitions
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The infrastructure engineering software firm is expected to pay more than $1 billion to acquire geological and geophysical modeling software developer Seequent.
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The combined company will move forward as Expro Group and maintain an operational headquarters in Houston.
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The deal adds acreage in North Dakota’s Williston Basin.
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A new offshore service company has been created combining Baker Hughes’ subsea equipment operation and the drilling hardware made by MHWirth. The joint venture’s goal is to grow and go public.
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The deal fills a gap in the software developer's production line that is focused on drilling, production, and land management applications.
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Debt-riddled Premier will emerge as Harbour, seen valued at around $5 billion.
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The deal seeks to add 151,000 acres to the Calgary-based oil company's portfolio for price of $465 million.
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The Houston-based oil and gas company has expanded its footprint in the liquids-rich Permian by more than 550,000 acres.
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The two companies have collaborated since 2015 on various projects, but COVID-19 brought Velentium and Oasis Testing together for a unique purpose—to quickly ramp up the manufacturing capacity for critical, life-saving ventilators.
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The all-stock deal doubled Liberty’s working pressure-pumping capacity without adding any debt to its balance sheet, while Schlumberger retains a 37% equity interest.