Oil Related Services and Equipment

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Ocean Yield ASA buys Diving Support and Offshore Construction vessel

Monday, 1 Dec 2014 02:00am EST

Ocean Yield ASA:Buys Diving Support and Offshore Construction vessel with longterm charter to SBM Offshore.Vessel, which was built in 2013, will be acquired for $150 million and chartered back to SBM for a fixed period of 12 years.Vessel will be financed with a non-recourse $110 million bank facility.It is expected that transaction will close before end of year.Says including this investment Ocean Yield has committed to more than $540 million in new investments and total EBITDA charter backlog is about $2.3 billion.

Mullen Group Ltd announces acquisition of Gardewine Group Limited Partnership

Monday, 24 Nov 2014 05:00pm EST

Mullen Group Ltd:Announces that the signing of a definitive acquisition agreement to acquire the business, including land and buildings, of the Manitoba-based Gardewine Group Limited Partnership, in an all-cash transaction for total consideration of $172.0 million.Gardewine is comprised of the following businesses: Gardewine North, Northern Cartage, Northern Deck, Northern Bulk and Northern Logistics.The Transaction is expected to close in early 2015.

CGG rejects Technip public tender offer

Thursday, 20 Nov 2014 03:05am EST

CGG SA:Confirms having been approached by Technip in respect of potential combination.CGG has considered that conditions to pursue were not met.

CGG rejects Technip public tender offer

Thursday, 20 Nov 2014 03:05am EST

CGG SA:Confirms having been approached by Technip in respect of potential combination.CGG has considered that conditions to pursue were not met.

Technip will launch public tender offer for CGG shares at 8.30 euros per share

Thursday, 20 Nov 2014 02:59am EST

Technip:Announces that, on Nov. 10, it approached CGG to create first tier oil and gas services provider.Says proposed transaction would take form of public tender offer in cash for CGG's shares at price of 8.30 euros per share.Says this involves integration and development of CGG's reservoir and data processing and seismic equipment activities within Technip.Says it would reinforce and then separate acquisition division of CGG.

Technip will launch public tender offer for CGG shares at 8.30 euros per share

Thursday, 20 Nov 2014 02:59am EST

Technip:Announces that, on Nov. 10, it approached CGG to create first tier oil and gas services provider.Says proposed transaction would take form of public tender offer in cash for CGG's shares at price of 8.30 euros per share.Says this involves integration and development of CGG's reservoir and data processing and seismic equipment activities within Technip.Says it would reinforce and then separate acquisition division of CGG.

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