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News Topics: Company Mergers, Acquisitions, & JVs

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Stockholders Approve Halliburton, Baker Hughes Merger
Friday, March 27, 2015 Halliburton and Baker Hughes announce stockholders have approved the merger agreement and thereby approve the proposed combination of the two companies.

Chevron Seeks to Exit Caltex Australia with $3.6B Stake Sale
Friday, March 27, 2015 Chevron seeks to sell its entire stake in Caltex Australia for $3.6 billion.

BP Sees TANAP Gas Pipeline Project Deal within Two Months
Wednesday, March 25, 2015 BP expects to sign a deal with the Trans-Anatolian Natural Gas Pipeline project within two months.

Linn, Quantum Energy Tie Up to Buy Oil, Gas Assets
Tuesday, March 24, 2015 Quantum Energy Partners will invest up to $1 billion in new entity for the acquisition and development of oil and gas assets.

New Partnership Allows for Expansion of Major STEM Initiative in UK
Monday, March 23, 2015 With additional backing and support, the Scottish MATE ROV Challenge plans to attract more young, aspiring engineers to the subsea industry.

Northern Gulf Petroleum in Default on Manora Oil Project Offshore Thailand
Monday, March 23, 2015 Mubadala Petroleum informs Northern Gulf Petroleum that the latter is in default regarding the Manora oil development in G1/48 concession in the Gulf of Thailand.

Technip, FMC Form New Subsea Joint Venture
Monday, March 23, 2015 Technip and FMC Technologies create a new joint venture focusing on the subsea market.

Malaysia's Petronas Says $5B Bond Issue for Capex, Possible M&As
Thursday, March 19, 2015 Malaysia's Petronas plans to use the $5 billion it raised in Asia's largest bond offering so far this year for corporate expenses as well as possible acquisitions, the company says.

Speedcast Acquires Hermes Datacomms to Boost Energy Communication Services
Monday, March 16, 2015 Speedcast acquires Hermes Datacommunications to expand its communications services to the energy sector.

Colombia Oilfield Move Challenges Ecopetrol, Canada's Pacific Rubiales
Monday, March 16, 2015 A decision by Colombia's state-run Ecopetrol to reclaim control of the Rubiales oil field will imply heavier investment for it to sustain output and raises pressure on Pacific Rubiales to replace the future loss of nearly half its production.

Frank's International to Acquire Timco in $75M Cash Deal
Monday, March 16, 2015 Frank’s International enters definitive purchase agreement to acquire Timco Services for $75 million.

Interra to Take 20% Indirect Stake in Indonesia's Benakat Barat Petroleum
Friday, March 13, 2015 Interra Resources agrees to acquire a 20 percent indirect interest in PT Benakat Barat Petroleum for $7.36 million, giving the firm a share of the Benakat Barat field in South Sumatra, Indonesia.

Source: Verisk to Buy Energy Data Firm Wood Mackenzie in $2.79B Deal
Tuesday, March 10, 2015 Verisk Analytics agrees to acquire British energy data firm Wood Mackenzie for more than $2.79 billion (1.85 billion pounds), according to a source familiar with the matter.

BP And Partners To Invest $12B In Egypt Gas Deal
Friday, March 06, 2015 BP expects to invest around $12B with its partners as part of a finalized West Nile Delta concession deal to develop 5 trillion cubic feet of gas resources and 55 million barrels of condensates.

Ferguson Partners OPS-OES to Tap Business in Thailand's Oil, Gas Sector
Wednesday, March 04, 2015 Ferguson Group appoints OPS Oilfield Equipment and Services as its business partner in Thailand.

Russian Tycoon Clashes with Britain Over North Sea Deal
Monday, March 02, 2015 Russian billionaire Mikhail Fridman says he will buy a number of gas licenses in the North Sea despite British opposition, threatening legal action if London should force him to sell them on to a third party.

Total to Take Over as Operator of Papua New Guinea's PRL 15 JV
Monday, March 02, 2015 Total will take over as operator of petroleum retention license 15 in the Gulf Province, Papua New Guinea.

Russell: PetroChina, Sinopec Merger Makes Little Sense
Friday, February 27, 2015 The market chatter over forming a giant Chinese oil major through merging PetroChina and Sinopec has ramped up again recently, but the motivations for such a deal struggle to stand up to scrutiny.

Mott MacDonald Partners Khudairi Group for Oil, Gas Projects in Iraq
Friday, February 27, 2015 Mott MacDonald partners Khudairi Group for oil and gas projects in Iraq.

WSJ: Oil And Gas Producer Penn Virginia Looking To Sell Itself
Thursday, February 26, 2015 Oil and gas producer Penn Virginia Corp is considering selling itself, the Wall Street Journal reports, citing people familiar with the matter.

Gulf Keystone Says In Preliminary Talks Over Potential Sale
Wednesday, February 25, 2015 Gulf Keystone says it was in talks with a number of parties about a possible sale of the company or some asset transactions.

Cue Energy Advises Shareholders to Reject NZOG's Takeover Offer
Tuesday, February 24, 2015 Cue Energy's directors advise company shareholders to reject the takeover offer by NZOG Offshore.

RIH Raises Indirect Stake in Cory Moruga Block in Trinidad & Tobago
Tuesday, February 24, 2015 Rex International Holdings completes acquisition of Parex Resources, raising the firm's indirect working interest in the Cory Moruga Block in Trinidad & Tobago.

UT Jackson School of Geosciences Aims to Enhance Research in Mexico
Monday, February 23, 2015 UT Jackson School of Geosciences and UNAM agree to strengthen collaborations with each other to enhance research in energy, environment and sustainability in Mexico.

Russia's Eurasia Drilling Says Merger With Schlumberger Delayed
Friday, February 20, 2015 Eurasia Drilling says it was delaying a deal to sell a stake in the company to Schlumberger while it waited for approval from a Russian regulator.

Talisman Energy Shareholders Approve Repsol's $8.3B Offer
Wednesday, February 18, 2015 Talisman Energy common shareholders vote to approve an $8.3 billion offer for the Canadian oil and gas producer from Repsol SA.

Otto Energy Completes Sale of Galoc Production Co. Stake to Nido for $106M
Tuesday, February 17, 2015 Otto Energy completes sale of its interest in Galoc Production Co. to Nido Petroleum for around $106 million.

Australia's Cue Energy Rejects NZOG's Unconditional Takeover Offer
Thursday, February 12, 2015 Cue Energy rejects the unconditional takeover offer by New Zealand Oil & Gas for the company.

ICC Arbitration Panel Declares Total a Party to PRL 15 JVOA in PNG
Wednesday, February 11, 2015 The International Chamber of Commerce arbitration panel declares Total a party to the Petroleum Retention License 15 Joint Venture Operating Agreement in Papua New Guinea.

Searcher Partners DownUnder GeoSolutions in NWS Seismic Project
Tuesday, February 10, 2015 Searcher Seismic partners DownUnder GeoSolutions in Western Australia's North West Shelf seismic project.

Wintershall Says Sticks with Gazprom Gas Ventures
Monday, February 09, 2015 Wintershall is holding on to all the activities it shares with Russia's Gazprom, despite having given up a planned gas assets swap deal in light of geopolitical tensions, its chief executive says.

Providence Boosts Spanish Point Stake with Chrysaor Acquisition
Monday, February 09, 2015 Providence Resources boosts its holding in the Spanish Point project by buying Chrysaor E&P Ireland Limited.

Source: Italy's Edison Suspends Talks to Buy Two Israeli Gas Fields
Monday, February 09, 2015 Italy's Edison is reconsidering buying two Israeli gas fields due to rising regulatory uncertainty and negotiations have already been suspended, a source at the company says.

Oil Firm Det Norske to Book 4Q Impairment Charge
Friday, February 06, 2015 Det norske books a 4Q 2014 impairment charge connected to its acquisition of Marathon Oil's Norwegian business.

Petrofac Wins Two Deals with Algeria's Sonatrach
Friday, February 06, 2015 Petrofac wins two strategic services agreements with Algerian state-owned oil firm Sonatrach.

MEO Cuts Costs, Rejects Mosman Oil and Gas' Revised Takeover Proposal
Friday, January 30, 2015 MEO Australia implements cost cutting measures and rejects a revised takeover proposal from Mosman Oil and Gas.

Chevron Teams Up with BP, ConocoPhillips in GOM Leases
Wednesday, January 28, 2015 Chevron announces it will work with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico.