Stolt-Nielsen and NYK Line Buy 50% Stake in Avenir LNG via Share Purchase Agreement

Stolt-Nielsen Limited Acquires Suttons International Holdings Limited

November 5, 2025

Logistics & Distribution

Stolt-Nielsen Limited has completed the acquisition of UK-headquartered ISO tank operator Suttons International Holdings Limited, making Suttons a 100% owned subsidiary. The deal adds over 11,000 ISO tank containers to Stolt-Nielsen's Stolt Tank Containers (STC) business, expanding fleet capacity, service capability and global market reach for liquid logistics customers.

Vår Energi Acquires Neptune Energy Norge AS

January 31, 2024

Oil & Gas

Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.

KNOT Offshore Partners LP Subsidiary Acquires Synnøve Knutsen Vessel Owner

July 1, 2022

Transportation

KNOT Offshore Partners LP, through its wholly owned subsidiary KNOT Shuttle Tankers AS, acquired KNOT Shuttle Tankers 35 AS — the owner of the shuttle tanker Synnøve Knutsen — from sponsor Knutsen NYK Offshore Tankers AS. The acquisition (financed in part by proceeds from a Torill Knutsen sale-and-leaseback) adds a 153,000 dwt DP2 Suezmax shuttle tanker on a five-year fixed charter to Equinor, extending the Partnership’s fleet and charter coverage while improving liquidity and refinancing flexibility.

Pangaea Logistics Solutions Purchases Remaining 50% of Nordic Bulk Partners

October 7, 2024

Transportation

Pangaea Logistics Solutions Ltd. entered into a definitive agreement to buy the remaining 50% equity ownership of its consolidated subsidiary, Nordic Bulk Partners LLC, from HS Nordic LLC for $17.2 million in cash. The deal will give Pangaea 100% ownership of Nordic Bulk Partners’ ice class dry bulk vessel fleet and is expected to close by November 1, 2024 subject to customary conditions.

ConocoPhillips Acquires Additional 10% Stake in Australia Pacific LNG (APLNG) from Origin Energy

February 17, 2022

Energy

ConocoPhillips, through its Australian subsidiary, completed the purchase of an additional 10% interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion (approximately $1.4 billion cash after adjustments). The transaction increases ConocoPhillips' ownership in APLNG to 47.5%, with Origin Energy and Sinopec holding 27.5% and 25% respectively, and is intended to bolster ConocoPhillips' LNG position and diversify its product mix.

Maersk Drilling and Noble Corporation Agree to 50/50 Combination

November 10, 2021

Oil & Gas

The Drilling Company of 1972 A/S (Maersk Drilling) and Noble Corporation have entered into a definitive agreement to combine in a 50/50, primarily all‑stock transaction. The combined company will be named Noble Corporation, listed on the New York Stock Exchange and Nasdaq Copenhagen, and is expected to create a stronger customer proposition, deliver cost synergies and a modernized fleet.