Acquisitions and mergers
Quorum Software unveils global vision
Quorum unveils its expanded global vision with the QES, the company鈥檚 comprehensive portfolio of solutions that will serve as the foundation for innovation and growth.
iGas, CMG acquire Republic of Mozambique Pipeline Co. pipeline
The acquisition will see South Africa鈥檚 iGas and Mozambique鈥檚 Companhia Mocambic¸ana de Gasoduto hold 40% equity shares in the pipeline.
Pipeline Technique to acquire Stanley Oil & Gas
Pipeline Technique announces it is to acquire Stanley Oil & Gas, from Stanley Black & Decker, which is listed in the US.
Astrocast acquires Hiber
Acquisition enhances direct-to-market strategy, accelerates OEM strategy, and increases penetration within the energy and asset tracking markets.
IIF acquires Enstor Gas from ArcLight
Enstor announces that the company and its natural gas midstream assets have been acquired by the Infrastructure Investments Fund.
Mergers and acquisitions deal activity in the oil and gas industry declines
Activity decreased by 41% in terms of value in 1Q22 compared to 4Q21, says GlobalData.
Ritchie Bros. announces discontinuation of Euro Auctions acquisition
Ritchie Bros. Auctioneers has announced that its wholly owned indirect subsidiary is discontinuing the Phase 2 review by the UK Competition and Markets Authority.
STATS UK acquired by SRJ Technologies
Pipeline technology specialist STATS UK has been acquired by SRJ Technologies for £73 million.
Empire Petroleum announces closing of acquisition of oil and natural gas assets
Acquisition provides immediate accretive cash flow and increased scale with minimal incremental overhead.
US upstream M&A opens strong in 2022
Merger of equals contributes to US$14 billion in 1Q22 M&A before Russia-Ukraine war and associated oil and gas price volatility halts activity.