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News Topics: Company Mergers, Acquisitions, & JVs

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Results40 articles shown

Ithaca Agrees to Sell Norwegian Business to Hungary's MOL
Friday, April 24, 2015 North Sea-focused Ithaca Energy agrees to sell its Norwegian business to Hungary's MOL for $60 million.

BP Readies Defenses as Oil Industry Responds to Shell's BG Raid
Tuesday, April 21, 2015 As the oil industry takes stock of Shell's $70 billion move for BG, one company has more to chew on than most. BP is now thinking what was once unthinkable: that it could be next in the cross-hairs.

European Majors Team Up to Explore Arctic
Tuesday, April 21, 2015 Statoil and Eni form BaSEC (Barents Sea Exploration Collaboration) to solve operational issues connected to exploring the Barents Sea for hydrocarbons.

Seadrill Unit's Deal with Russia's Rosneft Postponed Again
Friday, April 17, 2015 Seadrill subsidiary North Atlantic Drilling delays closing a cooperation deal with Rosneft amid western sanctions against Russia.

Total, BP Feel No Pressure To Make Acquisitions After Shell
Thursday, April 16, 2015 France's Total and British rival BP say they aren't under pressure to make acquisitions after Shell's recent takeover of BG Group.



Mexico's Slim To Combine Energy Units Amid Sector Opening
Tuesday, April 14, 2015 Carlos Slim plans to merge two of his energy units into one entity, Carso Oil & Gas as he seeks to benefit from a major sector overhaul.

Civmec Enters into Due Diligence to Acquire Technip's Indonesian Subsidiary
Tuesday, April 14, 2015 Civmec enters into due diligence to acquire Technip's Indonesian subsidiary PT Global Industries Asia Pacific.

Tap Oil Updates on Commercial Spat with Thai Partner in Manora Oil Field
Tuesday, April 14, 2015 Tap Oil updates on its commercial dispute with the firm's joint venture partner in the Manora oil development in the Gulf of Thailand.

MODEC Secures Japanese Partners in Petrobras FPSO Project
Tuesday, April 14, 2015 Three Japanese partners join MODEC to provide a floating production, storage and offloading vessel to Petrobras for the Tartaruga Verde and Tartar Mestica oil fields offshore Brazil.

PPP Informs Shareholders to Take No Action on Zeta Energy's Takeover Offer
Monday, April 13, 2015 Pan Pacific Petroleum informs shareholders to take no action regarding Zeta Energy's takeover offer as it prepares a formal recommendation on the acquisition.

Shell Needs to Go Beyond Oil Price Bet in BG Deal
Friday, April 10, 2015 The 50-percent premium Shell is paying for BG Group says a lot about Shell's expectations for a swift recovery in oil prices.

Zeta Energy Mounts an On-Market Takeover Bid for Pan Pacific Petroleum
Friday, April 10, 2015 Zeta Energy mounts an on-market takeover bid for Australia's Pan Pacific Petroleum.

Shell, BG Merger Will Require Cost Savings to Work
Wednesday, April 08, 2015 Shell's $70-billion offer to buy out BG Group will involve job cuts in order to make the merger work financially.

NGP Continues to Default on Manora Oil Project in Gulf of Thailand
Wednesday, April 08, 2015 Tap Oil says Northern Gulf Petroleum continues to default on payment for development costs of the Manora Oil Field in the Gulf of Thailand.

Gazprom, PetroVietnam to Work on Pechora Sea Shelf's Upstream Projects
Tuesday, April 07, 2015 Gazprom and PetroVietnam sign an agreement to collaborate on upstream oil and gas projects on Russia's Pechora Sea shelf.

BG Group Confirms Possible Offer By Shell
Tuesday, April 07, 2015 BG Group confirms it was in advanced talks with Shell regarding a possible offer by Shell to buy the gas producer.

Mexico's Pemex, First Reserve Sign $1B Cooperation Deal
Tuesday, April 07, 2015 Pemex and First Reserve sign a cooperation agreement worth up to $1B to develop energy infrastructure, transportation and processing projects, Pemex says.

Saipem and Dangote Form JV to Tap Central/West African Market
Thursday, April 02, 2015 Saipem and Dangote establish the Saipem Dangote E&C joint venture to tap engineering and construction projects in Nigeria and Central/West Africa.

Beach Ups Contingent Resources of Nappamerri Trough Project, Chevron Quits
Monday, March 30, 2015 Beach Energy raises natural gas contingent resources at Nappamerri Trough project in Queensland, Australia as Chevron withdraws from the project.

Loyz Inks MOUs with Sun Petrochemicals for Upstream Projects in India
Monday, March 30, 2015 Loyz Energy inks two memorandum of understanding with Sun Petrochemicals' unit Sun Oil & Natural Gas on upstream projects in India.

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.

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.

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.

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.