mergers and acquisitions

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.

The deal fills a gap in the software developer's production line that is focused on drilling, production, and land management applications.

Debt-riddled Premier will emerge as Harbour, seen valued at around $5 billion.

The deal seeks to add 151,000 acres to the Calgary-based oil company's portfolio for price of $465 million.

The Houston-based oil and gas company has expanded its footprint in the liquids-rich Permian by more than 550,000 acres.

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.

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.

The two Calgary-based heavy-oil companies have closed on their all-stock deal that was valued at around $2.9 billion when it was announced in October.

The two deals have a combined valued of $3 billion and involve more than 81,500 acres in the Midland Basin of Texas.

Financial analytics company S&P Global and information provider IHS Markit announced they have agreed to merge in an all-stock deal that values IHS Markit at $44 billion.