Sino-Excel Energy Limited (SLE) has agreed to acquire SOL Group for $6.4m, in a reverse takeover deal funded through the issuance of 18 million shares and 20 million unlisted options over shares.
The SOL Group comprises Solidgro Energy, Color Ocean Energy and Geopremium.
Go deeper with GlobalData
Scheduled for completion by August, the deal will allow SLE to establish its presence in oil and gas services.
Schlumberger Limited has completed the acquisition of Saltel Industries SAS. The deal adds new products and services expanding the existing technology portfolio of Schlumberger.
Saltel is the provider of expandable steel patches and packers for drilling, as well as well construction and maintenance applications.
National Oilwell Varco Inc (NOV) has entered an agreement with Trican Well Service Ltd to spend $40.96m to acquire Completion Tools businesses. The transaction will be funded by a combination of debt and equity through NOV’s subsidiaries.
US Tariffs are shifting - will you react or anticipate?
Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.
By GlobalDataCompletion Tools operates a number of entities, including Trican Completion Solutions Ltd, Trican Completion Solutions, LLC and Petro Tools Holding AS.
The acquisition is scheduled for completion before 30 June 2016 and will allow NOV to expand its products portfolio.
Bureau Veritas SA has completed the acquisition of Summit Inspection Services to strengthen its OPEX services business.
Summit Inspection provides leak detection and repair (LDAR), emission inspection and maintenance services for the oil and gas, chemical and pharmaceutical industries.
