News Topics: Company Mergers, Acquisitions, & JVs

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Top Asian LNG Buyers Form Alliance To Push For Flexible Contracts
Thursday, March 23, 2017 3 of Asia's top buyers of liquefied natural gas (LNG) agree to work together to secure more flexible contracts when buying the commodity.

HITS JIP Helps EM&I Increase Employment Opportunities
Tuesday, March 21, 2017 A Hull Inspection Techniques and Strategies (HITS) joint industry project, led by EM&I Group, has led to a number of new innovations which have increased employment opportunities throughout the company.

Ownership Of Norway's Nyhamna Gas Export Plant To Expand
Friday, March 17, 2017 The ownership of Norway's Nyhamna gas-processing plant could expand to 13 companies this year, from 5 now, when Gassco succeeds Royal Dutch Shell as the facility's operator.

Unite Expresses Concern Over Possible Forties Pipeline System Sale
Friday, March 17, 2017 UK union Unite expresses concern over the possible sale of the Forties Pipeline System from BP plc to Ineos.

Unite Demands Full Disclosure from Wood Group, Amec on Employment Plans
Tuesday, March 14, 2017 The UK's Unite union demands full disclosure from Wood Group and Amec Foster Wheeler on any employment plans that are part of a recently announced takeover.

Wood Group Buys Amec Foster For $2.7B To Target Oil Upturn Benefits
Monday, March 13, 2017 Wood Group has agreed to buy rival Amec Foster Wheeler for $2.7 billion, seeking rewards from the fast-growing U.S. shale energy sector.

Noble to Lay Off Workers Following Clayton Williams Acquisition
Monday, March 13, 2017 Following its acquisition of Clayton Williams Energy, Noble Energy will close Clayton's Midland office, resulting in the possible layoffs of almost 200 employees.

Shell Expects To Split Motiva Assets With Saudi Aramco In 2Q
Tuesday, March 07, 2017 Shell Oil Co, the US unit of Royal Dutch Shell, expects to divide the refineries and other assets of its Motiva Enterprises venture with co-owner Saudi Aramco in 2Q.

Macquarie To Buy Cargill's Global Oil Business
Monday, March 06, 2017 Australian bank Macquarie Group Ltd is planning on buying Cargill Inc's global oil business, according to people familiar with the matter.

Techniques Training to Offer Course in West Africa
Monday, March 06, 2017 Techniques Training International aligns with Murchison Drilling Schools to offer courses in West Africa.

India's GAIL Signs 1st Time-Swap Deal For U.S. LNG With Gunvor
Friday, March 03, 2017 State-run gas company GAIL (India) Ltd signs a time-swap deal with Swiss trader Gunvor to sell some of its U.S. liquefied natural gas (LNG).

China's Largest 'Teapot' Refiner, CEFC Team Up In Oil Terminal Venture
Friday, March 03, 2017 Dongming Petrochemical signs a deal with privately run CEFC China Energy, and a local port authority, to build a crude oil terminal in Shandong province.

Total, Petrobras Seal Strategic Alliance with 'Definitive Contracts'
Wednesday, March 01, 2017 Total and Petrobras sign 'definitive contracts', sealing a strategic alliance between the 2 companies and creating new partnerships in the upstream and downstream sectors.

Pertamina Looks For Partner To Take Majority Stake In Bontang Refinery
Tuesday, February 28, 2017 Indonesia's state oil company Pertamina looks to find a partner to take a majority stake in a proposed refinery to cost more than $10 billion in Bontang, East Kalimantan.

Roxi, Baverstock Looking to Merge Eragon Interests
Monday, February 27, 2017 Roxi Petroleum plc will shortly be posting a circular to shareholders regarding a proposed merger in respect of the company's Eragon assets.

Saudi Aramco To Invest $7 Bln In Petronas' RAPID Oil Refinery
Monday, February 27, 2017 Malaysia's Prime Minister Najib Razak announces that Saudi Arabia's state oil company Saudi Aramco will invest $7 billion into an oil refinery project in Malaysia's Johor.

APA, Cooper Energy Look To Speed Up Australia Offshore Gas Project
Monday, February 27, 2017 APA Group agrees to acquire a gas processing plant from Cooper Energy in a move that will help speed up development of a $273 million gas project off the Australian state of Victoria.

Petronas, Saudi Aramco To Sign Agreement During Saudi King's Visit
Friday, February 24, 2017 Petronas and Saudi Aramco will sign an agreement during a visit by Saudi Arabia's King Salman to Malaysia, Prime Minister Najib Razak says.

Partners In Israeli Leviathan Gas Field Okay $3.75B Investment
Thursday, February 23, 2017 The partners in the Leviathan natural gas field approve a $3.75 billion final investment decision (FID) in the first phase of the giant reservoir, the largest energy project in Israel's history.

Malaysia's Petronas, Saudi Aramco May Sign New Deal On Refinery Project
Wednesday, February 22, 2017 Petroliam Nasional Bhd (Petronas) and Saudi Aramco are expected to sign an agreement to collaborate in Malaysia's Refinery and Petrochemical Integrated Development (RAPID) project.

Iran Will Finalize Contract With Total Within Two Months
Tuesday, February 21, 2017 Iran's oil minister says the first of its new contracts would be finalized with Total within 2 months, according to the Mehr News agency.

Polish Govt Not Working On Lotos-PKN Merger
Friday, February 17, 2017 The Polish government is not working on a potential merger between the state-run oil companies Grupa Lotos and PKN Orlen.

Gazprom, CNPC Broaden Strategic Energy Cooperation
Thursday, February 16, 2017 Russia's Gazprom agrees to broaden its strategic cooperation in the energy sector with China's CNPC.

FTC Approves Enbridge Deal To Buy Spectra With Conditions
Thursday, February 16, 2017 Enbridge and Spectra Energy have won US antitrust approval for a $28B merger that will create the largest North American energy infrastructure company.

Wintershall Selects Skarfjell Field Development Solution
Wednesday, February 15, 2017 Wintershall Norge - and its license partners Capricorn Norge AS, Bayerngas Norge AS, Edison Norge AS and DEA Norge AS - have selected a development solution for the Skarfjell field in the North Sea.

Ezra Says It Faces Court Application To Wind Up Unit Of Subsea JV
Wednesday, February 15, 2017 Ezra Holdings Ltd says a creditor of a business owned by an Ezra joint venture had filed a court application requesting that the JV's subsidiary be wound up.

Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off
Monday, February 13, 2017 Lundin Petroleum's board of directors proposes to spin-off its assets in Malaysia, France and the Netherlands into a newly formed company called International Petroleum Corporation (IPC).

Saudi Aramco Inks First Oil Contract With China's Huajin
Monday, February 13, 2017 Saudi Aramco signs a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply crude in 2017.

Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Friday, February 10, 2017 Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least 2 years, hurt by loans provisions for the oil services sector.

BHP Billiton Approves $2.2B For U.S. Mad Dog Oil Project
Thursday, February 09, 2017 BHP Billiton approves its $2.2 billion share of investment for the second phase of the Mad Dog oilfield in the Gulf of Mexico, as expected.

DNV GL Launches Digital Platform to Facilitate Collaboration
Thursday, February 09, 2017 Oil and gas industry advisor DNV GL launches a new digital platform to facilitate connections between different industry players, domain experts and data scientists.

India ONGC's Overseas Arm Should Not Be Merged With Parent
Thursday, February 09, 2017 The overseas arm of India's ONGC should not be merged with its parent company, ONGC's chairman says.

Parsley Energy to Buy Assets in Permian Basin for About $2.8B
Tuesday, February 07, 2017 US oil and gas producer Parsley Energy says it will buy certain assets in the oil-rich Permian basin from a privately owned company for about $2.8 billion.

Qatar Petroleum Joins Consortium To Develop Pakistan LNG Project
Tuesday, February 07, 2017 Qatar Petroleum (QP) joins an international consortium of major U.S., European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan.

Plains All American's Profit Nearly Halves as Costs Jump
Tuesday, February 07, 2017 Plains All American Pipeline reports on Tuesday a quarterly profit that nearly halved, largely due to a 23.3 percent jump in costs.

Norwegian Firms to Create Offshore Oil Industry Supply Vessels Giant
Monday, February 06, 2017 Hit by the oil industry recession, Norwegian offshore service vessel (OSV) operators Farstad Shipping, Deep Sea Supply and Solstad Offshore announce plans to merge to counter the downturn.

Delek Group to Issue Ithaca Energy Takeover Bid for $524MM
Monday, February 06, 2017 Israel's integrated energy company, Delek Group, will issue a cash takeover bid for 80% of Ithaca Energy Inc's share capital for a total consideration of $524 million.

Shell Says Renegotiating Permian JV With Anadarko
Thursday, February 02, 2017 Royal Dutch Shell and Anadarko Petroleum are renegotiating their 5-year-old joint venture in the Permian shale basin in Texas.

Australia's Senex Lines Up US Partner To Fund Gas Project
Wednesday, February 01, 2017 Senex Energy Ltd lines up private equity firm EIG Global Energy Partners to provide up to $300 million to back a coal seam gas project in Australia.

Shell's North Sea Asset Sale Could Signal Move Towards 'Protectionism' Era
Wednesday, February 01, 2017 Royal Dutch Shell plc's decision to sell a package of North Sea oil and gas fields to private equity-backed Chrysaor for $3.8 billion could signal a move towards an era of 'protectionism'.

New Joint Project in Norway Aims to Ensure Global Competitiveness
Wednesday, February 01, 2017 A new KonKraft project is launched to ensure value creation, jobs and global competitiveness for the Norwegian oil and gas industry over the long term.

India Looks At Creating Oil Giant To Take On Global Rivals
Wednesday, February 01, 2017 India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley says.

Malaysia's Petronas Says RAPID Project Remains On Track
Friday, January 27, 2017 Malaysia's state oil firm Petroliam Nasional Berhad (Petronas) is pushing ahead with plans to start operations in 2019 at a large refining and petrochemical complex in the southeast of the country.


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