Nine Energy Service has entered a $493m agreement to buy Magnum Oil Tools International LTD.

Headquartered in Corpus Christi, Texas, Magnum offers downhole technologies such as dissolvable and composite frac plugs, and other patented consumables to the oil and gas industry.

Nine Energy Service provides onshore completion and production services throughout North America and is based in Houston, Texas.

The acquisition will allow Nine to increase its completion-focused technology offerings and differentiated isolation tools, while strengthening its position in the dissolvable frac plug market.

Magnum’s completion tools will also help operators to reduce risk and cycle times.

Venture capital and private equity firm Lime Rock Partners has entered an agreement to sell EnerMech Group to US-based investment company The Carlyle Group for £450m ($591.2m).

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The transaction is expected to close in the fourth quarter of 2018, subject to customary anti-trust and regulatory approvals.

Based in Aberdeen, Scotland, EnerMech provides mechanical engineering services and critical asset support to the energy and infrastructure sectors.

“DGO will pay $130m and issue 35 million new ordinary shares priced at $1.51 each.”

Diversified Gas & Oil (DGO) has announced its plans to acquire Core Appalachia from TCFII Core for $183m.

DGO will pay $130m and issue 35 million new ordinary shares priced at £1.15 ($1.51) each.

The acquisition also includes midstream assets including 4,100 miles (6,598.3km) of pipe, increasing DGO’s midstream assets to more than 10,500 miles (16,898km) of pipeline.

DGO is involved in production of natural gas and crude oil, while Core Appalachia is a producer and processor of natural gas and TCFII Core is a holding company.

All parties involved in the transaction are based in the US.

The acquisition is expected to expand DGO’s asset base in Kentucky and West Virginia.

Energy Transfer Equity (ETE) has announced shareholder approval for the merger with Energy Transfer Partners (ETP).

ETE will change its name to Energy Transfer LP, while ETP will be renamed Energy Transfer Operating LP following completion of the merger.

The transaction is expected to close by the end of this month.

ETE is engaged in the storage and transportation of natural gas, while ETP is an owner and operator of energy assets. Both companies are US-based.