News Topics: Company Mergers, Acquisitions, & JVs

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Essar Oil's Creditors Approve $12.9B Rosneft Takeover
Friday, June 23, 2017 Creditor banks to India's Essar Oil approve the acquisition of the company by a group including Russia's Rosneft.

Russia's Rosneft CEO Says Takeover Of India's Essar Is Closed
Thursday, June 22, 2017 The takeover of India's Essar Oil by Russia's largest oil producer Rosneft can be now considered as closed.

SolstadFarstad Emerges After Company Mergers
Thursday, June 22, 2017 Solstad Offshore, Farstad Shipping and Deep Sea Supply have now merged into one company named SolstadFarstad ASA.

Italy's Eni, Iran Sign Agreement For Oil And Gas Field Studies
Tuesday, June 20, 2017 Eni and National Iranian Oil Company (NIOC) sign a memorandum of understanding for feasibility studies on the development of an oil field and a gas field.

Oil And Gas Producer EQT To Buy Rice Energy In $6.7B Deal
Monday, June 19, 2017 EQT to buy Rice Energy for $6.7 billion in its biggest deal ever, as it looks to expand its natural gas business.

BP, Reliance to Revive India Investments After Eight Years
Thursday, June 15, 2017 BP and Reliance Industries will invest as much as $6 billion to restart work in Indian oil and gas blocks after eight years.

WPX Forms JV To Develop Midstream Assets In Permian Basin
Tuesday, June 13, 2017 U.S. oil and gas producer WPX Energy Inc agrees to form a joint venture with privately held Howard Energy Partners to develop oil gathering and natural gas processing infrastructure in the Permian.

OMV, Gazprom May Revive Black Sea Gas Pipeline Extension
Tuesday, June 13, 2017 OMV and Gazprom are considering reviving a gas pipeline project through the Black Sea connecting Russia to central and southern Europe, an Austrian newspaper says.

Eni Signs 3-Year R&D Deal with Bologna University
Monday, June 12, 2017 Italian energy firm Eni and the University of Bologna sign a 3 year research and development collaboration agreement in the field of energy.

Embattled Noble Receives Interest For Oil Business
Monday, June 12, 2017 Struggling commodity trader Noble Group Ltd has been approached by potential buyers for its oil business, the Financial Times newspaper reports.

Savannah Looking to Acquire 'West African Focused Business'
Friday, June 09, 2017 Savannah Petroleum plc is entering into a binding exclusivity agreement with 'a West African focused business'.

State Bank Of India Head Says Essar-Rosneft Deal To Close In June
Friday, June 02, 2017 A $13 billion takeover by Russian oil major Rosneft of India's Essar Oil should close this month.

Rosneft Expands In Iraq's Kurdistan With Exploration, Pipeline Deals
Friday, June 02, 2017 Russian oil major Rosneft agrees to explore and develop 5 fields in Iraq's Kurdistan.

Total JV Looks to Explore Offshore Crete
Thursday, June 01, 2017 The joint venture of Total, ExxonMobil and Hellenic Petroleum wants to explore for hydrocarbons offshore Crete.

Deal Of The Month: Noble Energy Marches Out of Marcellus in Full $1.9B Exit
Wednesday, May 31, 2017 Noble Energy departs the northeast's natural gas game and almost doubles its 2017 divestiture target to $1.9 billion, consolidating its core focus on liquids-rich, higher margin assets.

Can Offshore Drilling Come Back in Wake of $1.9B Ensco, Atwood Merger?
Tuesday, May 30, 2017 Offshore driller Ensco Plc will buy smaller rival Atwood Oceanics Inc in an all-stock deal valued at about $839 million.

GE's Saudi Joint Venture To Start Gas Turbine Production This Year
Thursday, May 25, 2017 General Electric's joint venture to manufacture gas turbines in Saudi Arabia will start production by the end of the year.

OMV, ADNOC Agree to Explore Opportunities for Cooperation
Thursday, May 25, 2017 The companies agreed to evaluate refinery-petrochemical integration and other opportunities.

Hundreds of Dong Energy Workers to Transfer to Ineos Following Acquisition
Wednesday, May 24, 2017 Over 400 Dong Oil & Gas Business workers will transfer to Ineos in 2017, after the latter company agreed to buy the subsidiary from Dong Energy A/S.

Billionaire Ratcliffe Hunts Oil to Repeat Chemicals Empire Build
Wednesday, May 24, 2017 The deal to buy assets from Dong Energy A/S for more than $1 billion follows the purchase of a pipeline system from BP Plc that carries crude used to price more than half the world's oil.

ChemChina and Sinochem Press $120B Deal - Sources
Tuesday, May 23, 2017 A deal reportedly could be announced by the end of the year, four people with knowledge of the negotiations said.

Clariant to Buy Huntsman for $6.4 Billion as M&A Surges
Monday, May 22, 2017 The new entity's global headquarters will be at Pratteln, Switzerland and its operational headquarters will be at The Woodlands, Texas.

Huntsman-Clariant Is a Good Mix With a Governance Risk: Gadfly
Monday, May 22, 2017 The stars have aligned for another big transatlantic chemical deal.

Sinochem No Longer Pursuing Stake Buy In Noble Group
Monday, May 22, 2017 Sinochem is no longer pursuing an investment in Noble Group Ltd due to concerns over the finances and business outlook of the loss-making commodity trader, 3 sources familiar with the matter told Reuters.

Guangzhou Gas Plans LNG Import Terminal, Eyes Partnership With Woodfibre
Thursday, May 18, 2017 Guangzhou Gas Group plans to build a 2 million tonne per year import terminal for liquefied natural gas (LNG) on China's southern coast by 2020.

Israeli Energy Firms Delek Drilling, Avner Oil To Finally Merge
Wednesday, May 17, 2017 Israel's Delek Drilling and Avner Oil, both units of conglomerate Delek Group, complete a long-awaited merger.

Russia's Rosneft, Italy's Eni To Expand Cooperation
Wednesday, May 17, 2017 Rosneft and Italian energy company Eni are due to sign an agreement on expanding cooperation.

Petronas Inks LNG MOU
Tuesday, May 16, 2017 Petronas inks a non-binding Memorandum of Understanding (MoU) with Gas4Sea partners to explore potential collaboration in promoting LNG as the preferred marine fuel.

Wood Group Expects Amec Deal to Close in 2H 2017
Thursday, May 11, 2017 Wood Group confirms that its acquisition of rival Amec Foster Wheeler is expected to close in the second half of this year.

ExxonMobil Buys Singapore Petrochemical Plant, Boosts Output in Asia
Thursday, May 11, 2017 Exxon Mobil Corp said on Thursday it has reached an agreement to buy a refining and petrochemical plant owned by Jurong Aromatics (JAC) in Singapore that will boost its output and meet demand in Asia.

Sale Of Engie E&P Unit To Neptune Imminent
Thursday, May 11, 2017 Engie is in advanced talks with Neptune Oil & Gas about the sale of its oil and gas exploration and production unit and a deal is imminent, a source familiar with the situation tells Reuters.

Petronas and Saudi Aramco Explore Petrochemicals Expansion in Malaysia
Monday, May 08, 2017 Malaysian state-owned oil company Petronas and its partner Saudi Aramco are studying projects to build more petrochemical plants to make full use of raw materials from their joint venture in Malaysia.

India's Top Refiner in Early Talks with Aramco for Downstream Project
Monday, May 08, 2017 India, the world's third biggest oil consumer, plans to build a 1.2 million bpd refinery to petrochemical project in the country's west coast to feed its growing fuel demand.

Total and Erg Get Four Bids for Italy Petrol Stations -Sources
Friday, May 05, 2017 Total and energy group Erg have received four bids for the Italian petrol station network they jointly own, three sources close to the matter said.

TransCanada to Sell Interests in Two Gas Pipelines for $765MM
Thursday, May 04, 2017 TransCanada says it would sell its remaining 49.3% interest in Iroquois Gas Transmission System LP and an 11.8% stake in PNGTS for $765 million.

Vitol to Acquire Rotterdam Splitter from Koch Supply & Trading
Wednesday, May 03, 2017 The world's largest oil trader has been expanding in the downstream and retail sectors over the last few years as it seeks outlets for its growing traded volumes.

Pembina Buys Veresen For $7.1B As Pipeline Sector Consolidates
Monday, May 01, 2017 Pembina Pipeline Corp. will buy smaller rival Veresen Inc. in a $7.10 billion stock-and-cash deal.

Mexican Oil Regulator Approves First Onshore Joint Venture Projects
Friday, April 28, 2017 Mexico's first two onshore oil and gas projects to be developed by joint ventures between state-owned Pemex and new partners were approved.

BP Sells Stake in China Petrochemical Venture to Sinopec for $1.7 Bn
Thursday, April 27, 2017 The sale represents BP's first major divestment of a year in which it expects to sell assets worth between $4.5 billion and $5.5 billion this year.

Dow Chemical Boosts Plastics Sales Ahead of Merger and Split
Thursday, April 27, 2017 Dow Chemical Co. first-quarter sales from plastics jumped, demonstrating continued strength in a business that will be the core of a new company following a historic merger with DuPont Co. and subsequent three-way split.


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