Mergers and Acquisitions News in Bermuda

Archer Acquires P&A Specialist Romar-Abrado and Increases Guidance for 2023
1/10/2023 - Archer Limited has closed the acquisition of Romar-Abrado. The acquisition is based on an enterprise value of USD 8 million, plus earn-out pending trading performance over 2023 to 2025. The acquisitio...
Frontline Terminates Combination Agreement with Euronav
1/9/2023 - Frontline plc (“Frontline”) (NYSE: FRO – OSE: FRO), formerly Frontline Ltd., refers to its announcement on July 11, 2022 regarding the combination between Frontline and Euronav NV (“Euronav”) and sub...
Seadrill Limited Announces Agreement to Acquire Aquadrill LLC in All-Stock Transaction
12/22/2022 - Seadrill Limited and Aquadrill LLC announced that they have entered into a definitive merger agreement under which Seadrill will acquire Aquadrill in an all-stock transaction. Upon completion of the t...
Archer Limited Closed Iceland Drilling Acquisition
11/16/2022 - Reference is made to the press release on August 8, 2022, wherein Archer announced its acquisition of 50% of the shares in geothermal drilling company Iceland Drilling Company Ltd. (“Iceland Drilling”...
Golar Sale of Approximately $100M of Shares in CoolCo
11/3/2022 - Golar LNG Limited (“Golar”) announces that it has sold around 8 million shares in Cool Company Ltd. (“CoolCo”) raising net proceeds of approximately $100 million. Following the sale Golar will own aro...
Seadrill Limited Announces Sale of Shareholding in Paratus Energy Services Limited
10/21/2022 - Seadrill Limited has entered into binding Share Purchase Agreements (“SPAs”) under which it will sell its entire 35% shareholding in Paratus Energy Services Limited (formerly Seadrill New Finance Limi...
Acquisition of Höegh LNG Partners LP Completed
9/23/2022 -  Höegh LNG Holdings Ltd. (“Höegh LNG”) announced the completion of its previously announced acquisition of Höegh LNG Partners LP, pursuant to which Höegh LNG acquired all of the outstanding common uni...
Merger Agreement Approved by Höegh LNG Partners LP Common Unitholders
9/20/2022 - Höegh LNG Holdings Ltd. (“Höegh LNG”) announces that at a special meeting held, the common unitholders of Höegh LNG Partners LP (NYSE: HMLP) (the “Partnership”) voted on and approved the Agreement and...
Hoegh LNG Partners Announces Closing Date of Proposed Merger with Hoegh LNG Holdings
9/13/2022 - Höegh LNG Partners LP ( HMLP) announces that it has notified the New York Stock Exchange ("NYSE") of the anticipated closing date of the previously-announced merger (the "Merger") pursuant to the Agre...
Golar Enters into Swap Arrangements for Q4 2022 & 2023 Dutch Title Transfer Facility Exposure
9/2/2022 - Golar LNG Limited (“Golar”) announces that it has entered into two swap arrangements for its Dutch Title Transfer Facility (“TTF”) linked production on the FLNG Hilli:

- Q4 2022: Hedged ap...
Cool Company Ltd. – Formation Completed
7/1/2022 - Golar LNG Limited ("Golar") announces that it has sold to Cool Company Ltd. (“CoolCo”) the management organization responsible for the technical and commercial management of LNG carriers, and the prov...
Frontline Ltd. Agreed to Buy Euronav N.V. from Certain Shareholders
6/10/2022 - Frontline Ltd. (FRO) has agreed to acquire a total of 7,708,908 Euronav shares, representing 3.82 percent of Euronav's outstanding shares, in privately negotiated transactions with certain shareholder...
FRO - Combination between Frontline Ltd. and Euronav NV
4/7/2022 - Frontline Ltd. and Euronav NV pleased to announce that the companies have signed a term sheet that has been unanimously approved by their Board of Directors and Supervisory Board, respectively, on a p...
Sale of Shares in New Fortress Energy
4/6/2022 - Golar LNG Limited (“Golar”) has sold approximately one third of the 18.6 million New Fortress Energy Inc. ("NFE") shares received upon completion of the sale of Hygo Energy Transition to NFE in April ...
Borr Drilling Limited Changes to the Board of Directors
3/2/2022 - Borr Drilling Limited announced the retirement of Ms Georgina Sousa as a Director and Company Secretary.

The Board would like to thank Ms. Sousa for her great contribution to the Company, ...
Seadrill Announces Timeline for Expected Emergence from Chapter 11
2/21/2022 - Seadrill Limited (“Seadrill”) announces that it anticipates emerging from the Chapter 11 process in February 2022, likely prior to the end of the present week. As previously announced, Seadrill's Chap...
Teekay LNG Closes Acquisition by Stonepeak & Will Rebrand as Seapeak
1/13/2022 - Teekay LNG Partners L.P. (the Partnership) (TGP) announced that it completed the previously announced acquisition of the Partnership by investment vehicles managed by Stonepeak.

All com...
Valaris Announces Support Agreement with The Seatankers Group
12/9/2021 - Valaris Limited announced that Famatown Finance Limited, a company indirectly controlled by trusts settled by John Fredriksen and a member of The Seatankers Group, has accumulated through open market ...
Teekay LNG Announces Updates on Required Approvals for Merger with Stonepeak
12/1/2021 - Teekay LNG Partners L.P. (Teekay LNG or the Partnership) (TGP) announced that at a special meeting of common unitholders of the Partnership held on December 1, 2021, its common unitholders voted to ap...
Teekay to Approve Proposed Merger With Stonepeak
11/2/2021 - Teekay LNG Partners L.P. filed its proxy statement with the U.S. Securities and Exchange Commission (SEC) on November 2, 2021, relating to a special meeting of its common unitholders (Special Meeting)...

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