FMC Technologies and Technip’s respective shareholders voted to approve the proposed business combination.  Shareholders of both companies voted in favor of resolutions required for the consummation of the proposed combination when they met separately today. FMC Technologies held a special meeting of its shareholders. Technip held an extraordinary general meeting of Technip shareholders, as well […]

Fastnet Oil & Gas has decided not to exercise its option to farm-in to the Tendrara Lakbir License onshore Morocco. The option expired on December 31. The decision not to exercise the option can be directly attributed to the plummeting oil prices. Carol Law, newly appointed CEO of Fastnet said: “Current market conditions have severely […]

Dresser-Rand Group entered into a definitive merger agreement with Siemens under which Siemens will acquire all of the outstanding shares of Dresser-Rand common stock for $83.00 per share in cash. The transaction is valued at approximately $7.6 billion, including the assumption of debt. The price represents a premium of 37.4% over Dresser-Rand’s closing share price of $60.42 […]