News Topics: Company Mergers, Acquisitions, & JVs

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Nostrum Withdraws Tethys Takeover Offer, AGR Proposes Share Deal
Wednesday, October 07, 2015 AGR Energy Holdings Limited issues a non-binding letter of intent to acquire $20 million worth of Tethys shares, following the withdrawal of Nostrum Oil & Gas plc's offer to acquire the entire issued share capital of Tethys.

Australia's Armour Energy Rejects Westside's Takeover Offer
Wednesday, October 07, 2015 Australia's Armour Energy rejects Westside Corp.'s takeover offer, which it described as 'not fair and not reasonable'.

Petrogrand and Shelton Petroleum to Form Combined Oil Group
Wednesday, October 07, 2015 Petrogrand AB enters into an agreement with Shelton Petroleum to form a combined oil group, which will focus exclusively on Russian oil assets.

Independent Resources, Nostra Terra to Acquire Producing Egyptian Asset
Tuesday, October 06, 2015 Independent Resources and Nostra Terra Oil & Gas Company reach an agreement with TransGlobe Energy Corporation to acquire a 50% non-company operated interest in the East Ghazalat concession in Egypt.

Saudi Aramco Said to Hire Deutsche Bank for CNPC Deal Talks
Tuesday, October 06, 2015 Saudi Aramco hires Deutsche Bank to advise on the potential acquisition of some marketing, retail and refining assets from CNPC, according to people with knowledge of the matter.

AFR: Woodside CEO Says Doesn't Want to Raise Bid for Oil Search
Monday, October 05, 2015 Woodside's chief executive says the company does not want to raise its $8.2 billion offer for Oil Search because it would hurt his shareholders, the Australian Financial Review reports.

Shell's Philippine Unit Preparing for IPO in 2016, Says Chairman
Monday, October 05, 2015 The Philippine unit of Royal Dutch Shell is looking to launch a long-delayed initial public offering sometime next year.

Synaco Acquires Oil, Gas Recruiter B2B Engineering
Monday, October 05, 2015 Synaco Global Recruitment has made a significant new acquisition, purchasing B2B Engineering Pty Ltd, a Perth-based oil and gas recruitment provider.

Suncor Makes Unsolicited $3.3 Billion Bid for Canadian Oil
Monday, October 05, 2015 Suncor Energy makes an unsolicited offer to buy Canadian Oil Sands Ltd. for about C$4.3 billion ($3.3 billion), taking advantage of plunging crude prices to seek to add production in Alberta.

Singapore's NauticAWT to Acquire MESPL as Firm Expands Core Business
Monday, October 05, 2015 Singapore's NauticAWT inks deal to acquire local oil and gas facilities and project engineering services provider Marine Engineering Services for $593,215.

Wintershall Completes Asset Swap with Gazprom
Thursday, October 01, 2015 BASF subsidiary Wintershall swaps assets with Russia's Gazprom so that it can focus on oil and gas exploration and production.

Primeline Suspends Planned Merger With Loyz Energy Due to Volatile Market
Thursday, October 01, 2015 China-focused Primeline Energy suspends proposed merger with Singapore's Loyz Energy due to current market volatility.

San Leon Hits Gas in Morocco amid Buyout Speculation
Wednesday, September 30, 2015 San Leon Energy hits gas in Morocco after receiving a bid approach that could lead to an offer being made for the company.

The $12 Billion Reason BP Isn't Worried About a Hostile Takeover
Monday, September 28, 2015 BP, which was said to be readying defenses for potential takeover offers, has a little-known ace in the hole: a disclaimer in its Macondo spill settlement that could tack $12.6B onto the price tag.

Halliburton, Baker Hughes Plan More Divestitures for Deal Approval
Monday, September 28, 2015 Halliburton and Baker Hughes will sell additional businesses in connection with Halliburton's pending acquisition of its smaller rival.

Repsol Streamlines Non-Strategic Asset Base, Sells CLH Stake
Friday, September 25, 2015 Repsol reaches an agreement to sell its 10% stake in Compania Logistica de Hidrocarburos to Ardian, for $362 million, as part of a program that is designed to streamline its non-strategic asset portfolio.

Australia's EOR Acquires CEP, Gets Stake in East Kalimantan's Wailawi Field
Wednesday, September 23, 2015 Australia's Enhanced Oil & Gas Recovery acquires 100 percent stake in Centre Energy Petroleum, giving it an interest in Wailawi oil and gas field in East Kalimantan, Indonesia.

Market Skeptics Miss Out on $5.5 Billion from Biggest 2015 Deal
Tuesday, September 22, 2015 A fresh drop in oil prices and political instability in Brazil is making investors miss out on about $5.5 billion in Shell's pending takeover of BG Group.

Providence Signs Exploration Collaboration Agreement with Schlumberger
Monday, September 21, 2015 Providence Resources signs a collaboration agreement with Schlumberger for the exploration of the southern Porcupine and Goban Spur basins, which are located offshore Ireland.

Exxon Said to Be on the Hunt for West Texas Shale Bargains
Friday, September 18, 2015 Exxon Mobil adjusts the way it structures shale acquisitions as the global energy giant expands in West Texas.

Australia Delays Decision on Shell Bid for BG on Gas Supply Concerns
Thursday, September 17, 2015 Australia's competition watchdog flags concerns that Shell's proposed $70 billion takeover of BG Group may lessen gas supply competition in eastern Australia and delays a final decision on the bid to November.

TOS, Jereh Collaborate to Offer Products, Services for Malaysia O&G Market
Wednesday, September 16, 2015 Tanjung Offshore Services inks agreement to collaborate with China's Yantai Jereh Petroleum Equipment & Technologies to offer products and services for the oil and gas industry in Malaysia.

RIA: Schlumberger Bid For Eurasia Stake Could Face New Conditions
Tuesday, September 15, 2015 Russia may put forward some additional requirements for Schlumberger's attempted bid to acquire a part of Eurasia Drilling, according to the RIA news agency.

Partners in Australia's ATP 1056 JV Keen on AGL's 40% Stake in Permit
Tuesday, September 15, 2015 Partners in the ATP 1056 Joint Venture exercise pre-emptive rights to acquire AGL Energy's 40 percent interest in the permit in Queensland, Australia.

Oil Search Rejects Woodside's $8B Takeover Bid as Too Low
Monday, September 14, 2015 Oil Search rejects Woodside's $8 billion takeover bid, saying the proposal undervalues the company's liquefied natural gas expansion plans in Papua New Guinea.

Total Progresses $10B Asset Sale Plan, Sells Majority Geosel Stake
Thursday, September 10, 2015 Total signs an agreement to sell an interest of 50% plus one share in Geosel Manosque as part of its $10 billion asset sale program.

Australia's Armour Energy Rejects Takeover Bid by Westside Corp.
Wednesday, September 09, 2015 Australia's Armour Energy rejects takeover bid by Landbridge Group's subsidiary Westside Corp.

Woodside Confirms Takeover Bid for Oil Search, Estimated at $8.1B
Tuesday, September 08, 2015 Woodside confirms takeover proposal for Papua New Guinea-focused Oil Search, estimated to be worth around $8.1 billion.

YPF, Gazprom Sign Accord to Develop Gas Projects in Argentina
Friday, September 04, 2015 The agreement to develop tight and shale hydrocarbons in Argentina sets out the principles for cooperation for a final accord that could be signed in the Russian spring.

Rosneft, Sinopec Agree on Joint Development of Russian Fields
Thursday, September 03, 2015 Rosneft and Sinopec agree to work together on the development of the Russian Russkoye and Yurubcheno-Tokhomskoye fields.

BG Says European Commission Signs Off on Shell Bid
Wednesday, September 02, 2015 The European Union's antitrust regulators have approved Royal Dutch Shell Plc's $70 billion takeover bid for BG Group.

Kinetic Mesh Provider Rajant Inks Global Agreement with BT
Wednesday, September 02, 2015 Rajant and BT sign a global agreement that will push Rajant's technology into new global markets.

Keppel O&M to Acquire Cameron's Offshore Rig Business for $100M
Monday, August 31, 2015 Keppel Offshore & Marine to acquire Cameron's offshore rig business, comprising the LETOURNEAU jackup designs, rig kit business and aftermarket services for $100 million.

Primeline, Loyz Extend Deadline to Reach Agreement on Merger
Monday, August 31, 2015 Primeline Energy and Loyz Energy extend deadline to reach agreement for a merger between the two companies.

Total Sells North Sea Gas Pipelines For $907M
Thursday, August 27, 2015 Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners for $907 million.

Global Energy Deals Now Surpass Dawn of Oil 'Supermajors' Era
Thursday, August 27, 2015 If there was any question over whether this year's oil crash would give rise to a new era of energy megadeals, there isn't anymore.

BP, Emerson Extend Automation Services Agreement
Wednesday, August 26, 2015 BP and Emerson Process Management ink agreement through which Emerson will provide BP with an expanded scope of automation technologies and expertise.

Oilfield Giant Schlumberger Buying Houston-based Cameron for $14.8B
Wednesday, August 26, 2015 Schlumberger reaches an agreement to acquire Cameron for a total transaction value of $14.8 billion. Cameron stock skyrockets 41% after transaction announcement.

San Leon Energy Confirms Bid Approach
Monday, August 24, 2015 San Leon Energy's board confirms receiving a bid approach that could lead to an offer being made for the company.

India to Sell $1.5B of Indian Oil Shares on Monday
Friday, August 21, 2015 India's government says it plans to sell a 10-percent stake in top state-run refiner Indian Oil Corporation via a stock market auction on Monday.

Santos CEO Knox Stepping Down Stokes Takeover Speculation
Friday, August 21, 2015 Santos CEO David Knox is stepping down as a slide in crude prices increases pressure on the Australian oil producer, stoking speculation it could become a takeover target.

Fluor, COOEC Establish New Fabrication Joint Venture in China
Friday, August 21, 2015 Fluor and COOEC form a new fabrication joint venture in China.

Azonto Petroleum Completes Vioco Sale for $4M
Friday, August 21, 2015 Azonto Petroleum completes the sale of its 35% stake in Vioco Petroleum Limited, to Vitol E&P Limited, for $4 million.

Big Oil's Flight Draws US Risk Takers to Australian Shale
Friday, August 21, 2015 Aubrey McClendon, the wildcatter who pioneered the US shale revolution by going where big oil companies wouldn't, is at it again. This time in Australia.

Shale Pioneer McClendon Seeks Global Footprint in Armour Deal
Thursday, August 20, 2015 US shale gas explorer Aubrey McClendon negotiates $100 million acquisition of Australian drilling rights.

More Oil Pain Needed Before Energy Deals Seen Picking Up
Wednesday, August 19, 2015 Acquisitions in the energy industry will depend on at least a few more months of weakness in oil prices, according to Australia's Woodside.

Accenture Plans to Acquire Schlumberger's Consulting Unit
Tuesday, August 18, 2015 Accenture plans on buying the consulting arm of Schlumberger for an undisclosed amount.

Turnaround at Tethys 'Well Underway'
Monday, August 17, 2015 Tethys says the turnaround at its business is now "well underway" as it reports widening losses.

Rockhopper Continues Diversifying its Portfolio with Egyptian Acquisition
Monday, August 10, 2015 Rockhopper Exploration continues the diversification of its portfolio of assets with the acquisition of interests in two licenses in Egypt.

Tethys Financing Deal with AGR Falls Through, Talks with Nostrum
Monday, August 10, 2015 Central Asia-focused Tethys Petroleum says its $47.7-million financing deal with AGR Energy has fallen through, but the firm is now in talks with Nostrum Oil & Gas.

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