Acquisitions and mergers

Baker Hughes has announced the acquisition of Qi2 Elements, a designer and manufacturer of advanced robotic sensor systems.

Phillips 66 announced yesterday the completion of the previously announced merger between Phillips 66 Partners and Phillips 66.

The underlying profit of £242 million significantly increased, moving towards the same level as in pre-pandemic 2019.

A total of 74 billion-dollar deals were undertaken in the oil and gas industry last year, compared to only 40 in 2020, says GlobalData.

The recent acquisition strengthens Kpler as a leading provider of data and analytics to the global commodity sector.