Mergers and Acquisitions News in United Arab Emirates

Doosan Forms New JV for Engineering Opportunities
11/21/2013 - Scotland’s Doosan Babcock is opening up new opportunities in the lucrative Middle Eastern oil, gas and petrochemicals market, having formed a joint venture company with Emirates Link Technology. The n...
Arabtec Launches Venture with Samsung Engineering
9/24/2013 - Arabtec ARTC.DU, the construction firm part-owned by Abu Dhabi state fund Aabar, said it launched a joint venture with South Korea's Samsung Engineering Co, that would focus on large energy and power-...
Fugro Strengthens Its Position in Middle East Market
9/11/2013 - Fugro has reached agreement to acquire DCN Global LLC (DCN Global), a company specialising in the provision of subsea engineering and diving services to the offshore civil and oil & gas industry, prim...
Petrofac Increases Interest in Abu Dhabi Joint Venture
Petrofac Increases Interest in Abu Dhabi Joint Venture 7/18/2013 - Petrofac announces that it has entered into agreements which will increase its economic interest in Petrofac Emirates, its Abu Dhabi based joint venture with Mubadala Petroleum, to 75%. This follows ...
Interserve Acquires Abu Dhabi Oil & Gas Services Firm
7/15/2013 - Interserve , the international support services and construction group, is pleased to announce it has entered into an agreement to acquire Topaz Oil and Gas Ltd (Topaz) and its subsidiaries which prov...
Xodus Acquires Dubai Based Prime Energy
7/2/2013 - International energy consultancy Xodus Group has acquired the business of Dubai based Prime Energy as part of a major expansion drive in the Eastern Hemisphere. ...
ADNOC & Shell Form JV for $10bn Bab Sour Gas Project
ADNOC & Shell Form JV for $10bn Bab Sour Gas Project 4/30/2013 - Abu Dhabi National Oil Co (ADNOC) has awarded Shell a contract exceeding $10bn to develop the Bab sour gas project. ADNOC holds 60% interest in the joint venture and Shell holds the remaining 40%.
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Shell Is the Nearest to Win Bab Sour Gas Project
4/22/2013 - The United Arab Emirates (UAE) will award a multi-billion dollar contract to develop the Bab sour gas field in a few weeks and Royal Dutch Shell is in a strong position, the director of Abu Dhabi Nati...
Arabtec & Samsung Engineering Form New JV Company
Arabtec & Samsung Engineering Form New JV Company 4/17/2013 - Arabtec Holding, a leading construction company in MENA, and Samsung Engineering Co., (Samsung Engineering) , Korea’s first and largest engineering company, announce the signing of a Memorandum of Und...
Chiyoda & CCC Establish JV Company to Target ME Market
3/26/2013 - Chiyoda Corporation (Chiyoda) and Consolidated Contractors Company (CCC), announce that they established a joint venture company in Singapore. The name of the company is Chiyoda-CCC Engineering (PTE.)...
Gulf Capital Invests in Majority Stake in OCB
2/13/2013 - Gulf Capital, one of the leading and most active private equity firms in the Middle East, announced that it has invested in a significant majority stake of OCB Oilfield Services FZCO(OCB), the leading...
Wintershall & OMV Sign an Upstream Agreement in UAE
Wintershall & OMV Sign an Upstream Agreement in UAE 6/21/2012 - Wintershall as operator will appraise the sour gas and condensate field in Shuwaihat with equal partner OMV / Shuwaihat would be an important development of a gas and condensate field in the Western r...
Aker Solutions Buys Dubai's NPS Energy for $350m
5/21/2012 - Aker Solutions has agreed to acquire NPS Energy, which is part of oilfield services company National Petroleum Services. NPS Energy has a strong presence in the Middle East and North Africa, which com...
RAK Petroleum and DNO International Complete Merger
RAK Petroleum and DNO International Complete Merger 1/10/2012 - RAK Petroleum Public Company Limited announced that it has completed the merger of its Middle East-North Africa operating subsidiaries into Norway’s DNO International ASA. ...
DNO Blocks the Merger with RAK Petroleum
12/12/2011 - DNO International ASA has been notified that Petrolia Invest AS and Erik J. Frydenbo have filed a request for an injunction with the Oslo District Court seeking to block the completion of the merger w...
RAK Petroleum, DNO Shareholder Group Agree
10/31/2011 - RAK Petroleum Public Company Limited, the oil and gas exploration and production company, announced that it reached agreement with representatives of a Norwegian group known as the ”DNO Initiative” to...
Merger of RAK Petroleum’s Subsidiaries into DNO ASA
9/5/2011 - Following completion of due diligence and agreement on relative valuations, the Boards of Directors of DNO International ASA and RAK Petroleum PCL signed definitive documents on 3 September 2011 to me...
DNO & RAK Petroleum in Merging Agreement
7/4/2011 - RAK Petroleum Public Company Limited, (RAK Petroleum), the oil and gas exploration and production company, and Norway’s DNO International ASA (DNO) and have signed a heads of agreement to merge RAK Pe...
Statoil to Divest in Gassled
6/6/2011 - Statoil ASA has decided to divest a 24.1% direct and indirect stake in Gassled joint venture (JV) for a consideration of NOK 17.35 billion. Following this transaction, Statoil will continue to own 5.0...
Total Agrees to Sell its Stake of CEPSA
2/16/2011 - Total and IPIC have signed an agreement whereby Total will sell its 48.83% share in the capital of CEPSA. This sale will take place pursuant to a public takeover bid over the entire share capital of C...

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