CMA probes Baker Hughes’ takeover of Altus Intervention
The UK’s Competition and Markets Authority (CMA) is to examine whether Baker Hughes’ acquisition of wells services firm Altus Intervention meets merger regulations.
Competition and Markets Authority (CMA)
Turbulence at helicopter firm CHC amid management shakeup
An abrupt management shakeup at CHC has raised questions over turbulence at the North Sea helicopter operator.
CMA publishes final judgement in Noble-Maersk merger case
The UK’s Competition and Markets Authority (CMA) has officially accepted remedy measures taken by Maersk Drilling and Noble Drilling, enabling completion of their proposed merger.
Noble sets out final timeline for Maersk Drilling merger
Noble Corporation (NYSE: NE) has published full details of its offer for Maersk Drilling (CPH: DRLCO), setting out a timetable that would see the new company listed by 3 October.
Rig sale offers “clear-cut” resolution to Noble-Maersk merger concerns, CMA says
The UK’s Competition and Markets Authority (CMA) says the sale of several Noble rigs to a new unit of Shelf Drilling should clear the way for its proposed merger with Maersk Drilling.
CHC ordered to sell Babcock North Sea business by competition authorities
Helicopter operator CHC has been ordered by the UK's competition watchdog to sell off its newly-acquired Babcock North Sea business.
CHC pension fund warns CMA of ‘seriously detrimental’ impact of forced Babcock sale
Trustees of the CHC Helicopter pension scheme have warned of ‘severe consequences’ for its members if the company is forced to sell off portions of Babcock to complete its merger deal.
CMA considers options in Noble-Maersk merger review
The UK’s Competition and Markets Authority (CMA) is considering whether there are “reasonable grounds” to approve the merger of Maersk Drilling and Noble Corp, following the proposed sell-off of several North Sea rigs.
CMA finds Noble-Maersk merger ‘could increase operating costs’ for North Sea
The UK’s Competition and Markets Authority (CMA) has flagged concerns over the proposed merger of Noble and Maersk Drilling, saying it could increase costs and reduce service quality for oil and gas producers in the UK North Sea.
‘Failures and contradictions’: CHC lands scathing attack on competition watchdog over Babcock findings
CHC has launched a scathing critique of the competition watchdog for what it calls “incomplete, selective and deficient” analysis of its takeover move for Babcock.
Noble and Maersk Drilling to sell off several North Sea rigs to overcome merger hurdles
Maersk Drilling and Noble Drilling are preparing to sell a series of oil rigs, currently stationed in the North Sea, in order to get over competition hurdles.
CHC grudgingly suggests partial sale of Babcock UK business to get over competition hurdle
Helicopter operator CHC has grudgingly suggested a partial divestment of the Babcock UK business in Aberdeen to get over competition hurdles.
‘Significant loss’ of competition from CHC Babcock merger – watchdog
The market watchdog has said that the takeover of Babcock Aviation by CHC Helicopters would lead to a “significant loss” of competition in the North Sea, as its final decision looms.
Babcock takeover ‘removes the weakest competitor’ in the North Sea, says CHC
CHC has told competition authorities that its takeover target of Babcock Aviation is “not a particularly serious competitive threat” to the company.
CHC given five days to address ‘competition concerns’ over Babcock helicopter takeover
CHC helicopter has been given five days to address “concerns” raised by the competition watchdog over its takeover of rival Babcock before an investigation is escalated.
Competition watchdog launches formal inquiry into Babcock and CHC helicopter merger
A formal inquiry has been launched by the competition watchdog into the merger of CHC and Babcock helicopters.
Babcock Aberdeen operation to be renamed while competition watchdog mulls CHC takeover
The Babcock oil and gas helicopter operation in Aberdeen is to be renamed while the competition watchdog mulls a takeover by rival CHC.
Big numbers, big waves, big deal
Energy Voice Out Loud, under the tender new management of Allister, took a look at the big numbers coming out of OGUK’s big report this week. Imports are rising, it seems, but politics remain a tangled web. Are companies too scared of allegations of greenwashing to make the case for the energy industry?
Babcock ‘completes’ £10m sale of Aberdeen-headquartered helicopter business to CHC
Babcock International has announced the completion of the sale of its oil and gas aviation business to CHC Helicopters.
Competition regulator drops inquiry into Baker Hughes, Akastor deal
The UK’s competition inspector has deemed plans by Baker Hughes and investment firm Akastor to merge two business units not worthy of an investigation.
CHC beats rivals to new Taqa North Sea helicopter contract
CHC has beat its incumbent rivals to a newly-formed Taqa helicopter contract in the central North Sea.
Ofgem plan could ‘hinder green recovery’, energy bosses warn
The bosses of some of Britain's biggest energy companies have warned that Ofgem could get bogged down in a lengthy battle over a plan they believe will set back the UK's drive to build a green recovery after the coronavirus crisis.
North Sea must heed competition rules when it comes to cutting costs
The Covid-19 pandemic has created a severe demand shock for the energy market, coinciding with an oil price war that has caused prices to plummet further.
Competition authorities clear Wood’s £250million sale of nuclear business
UK competition authorities have approved Wood’s £250m sale of its nuclear business.
Vulnerable energy customers could face prepay price rise
Four million vulnerable households on prepay gas and electricity meters could soon see their bills rise, according to the Competition and Markets Authority (CMA).