Based in UK, the acquirer company is a provider of intelligence and insights services to the exploration and oilfield markets, while the target company is an offshore rig market data specialist.
The transaction will expand Westwood’s product offerings for the upstream market.
INCS owns 7.56% interest in the offshore North Caspian Sea block located in the Republic of Kazakhstan.
Covering an area of 5,575km², the block comprises the East Block and the West Block. The East Block contains the Kashagan oil field.
JAPEX is an energy company based in Japan, while INPEX CORPORATION, also based in Japan, is an oil and gas company.
The acquisition is expected to strengthen Inpex’s business operations.
Oceaneering International has acquired Ecosse Subsea (Ecosse) for £50m ($69m).
Based in the US, Oceaneering International is an engineering services company, while Ecosse is a Scotland-based offshore engineering firm.
The acquisition is expected to strengthen Oceaneering’s market position in the offshore renewable energy market.
Based in the UK, Subsea 7 is a subsea engineering, construction and services company, while SOC is a German installer of subsea inter-array cables and subsidiary of Siem Offshore.
The acquisition will enable Subsea 7 to expand its presence in the renewables segment.
The transaction is expected to be completed in the first half of 2018.