Catalysts for Offshore Progress: Service Company Partnerships, M&As
Executives from several service companies involved in the offshore space—including two sides of a recent hostile takeover bid—came together at OTC to discuss the virtues of collaboration and rationale behind M&A.
McDermott Rejects Acquisition Offer From Subsea 7, Plans To Move Forward With CB&I Deal
McDermott’s board of directors rejected an acquisition offer from Subsea 7, which called for McDermott to abandon its planned $6-billion combination with CB&I. McDermott’s special meeting of stockholders, which was scheduled earlier to address the CB&I deal, will be held on 2 May.
Dealmakers: Water Transport, Disposal Companies Tap Into Permian Basin
The demand for water and disposal services in the Permian Basin has piqued the interest—and investments—of companies eager to acquire existing pipeline infrastructure and saltwater disposal facilities to capitalize on the growing need.
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