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Energy Transfer Seeks Right to Bail Out of Williams Takeover
Friday, May 27, 2016 Energy Transfer Equity seeks the right to kill its deal to buy Williams Cos. and to collect a $1.48 billion breakup fee from the energy pipeline operator, accusing it of breaching the terms of their merger.
CNPC Plans Backdoor Listing of Engineering Arm Amid Shakeup
Friday, May 27, 2016 China National Petroleum Corp., the country's biggest oil and gas producer, plans a backdoor listing of its engineering assets through a Shanghai-listed petrochemical material supplier and processor it controls.
WA Court Orders OBL to Resign as EP487 Operator in Canning Basin
Friday, May 27, 2016 The Supreme Court of Western Australia (WA) orders Oil Basins to resign immediately as operator of permit EP487 (Derby Block) in WA's Canning Basin and designates Rey Lennard Shelf as the new operator.
Govt's Rosneft Stake Can't Be Sold On Open Market
Thursday, May 26, 2016 Kremlin economic adviser Andrei Belousov says the government's stake in top oil producer Rosneft could not be sold on the open market.
Chevron-Led Kazakh Venture May Borrow For $37B Project
Thursday, May 26, 2016 Chevron-led joint venture Tengizchevroil may take out loans and issue bonds to finance its $37 billion expansion project.
Primeline to Commence Arbitration Against CNOOC Over China's Offshore Block
Wednesday, May 25, 2016 Primeline Energy to commence arbitration proceedings against joint venture partner CNOOC under the provisions of the petroleum contract for Block 25/34 in East China Sea.
PNG Watchdog: Oil Search, InterOil Should Seek Approvals For Merger
Tuesday, May 24, 2016 Papua New Guinea may challenge the $2.2 billion merger between Oil Search and InterOil if they fail to comply with anti-competition procedures, the country's corporate watchdog says.
Exxon, Total, Chevron In Talks With Pemex On Gulf Prospects
Friday, May 20, 2016 Pemex is in talks with Exxon Mobil Corp., Total and Chevron as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Novatek Could Buy Out Shareholders Opposing Yamal Loan Deal
Friday, May 20, 2016 Novatek recommends buying back shares from those shareholders who do not approve external financing of its Yamal liquefied natural gas project.
Oil Search Boost LNG Push In PNG With $2.2B InterOil Bid
Friday, May 20, 2016 Australia's Oil Search agrees a $2.2 billion deal to acquire InterOil in a move that could pave the way for two rival liquefied natural gas projects led by global majors to work together in Papua New Guinea.
Keppel O&M, Rosneft & MHWirth Set Up Singapore Incorporated JV
Friday, May 20, 2016 Keppel Offshore & Marine sets up a Singapore incorporated joint venture company with Russia's Rosneft and Norway's MHWirth for the design and engineering of mobile offshore drilling units.
Russian Economy Minister: Gazprom May Buy Own Shares From VEB
Friday, May 20, 2016 Gazprom might buy some of its own shares from troubled state development bank Vnesheconombank, says Economy Minister Alexei Ulyukayev.
Gazprom, PTT Sign MOU to Cooperate in Oil and Gas Industry
Thursday, May 19, 2016 Gazprom signs a memorandum of understanding with Thailand's national oil company PTT for cooperation in the oil and gas industry.
FMC Technologies to Merge With $6.2 Billion Technip to Cut Costs
Thursday, May 19, 2016 FMC Technologies agrees to merge with French peer Technip in an all-stock deal, creating a $13 billion oil-services company with more clout after crude’s collapse.
Shell Said to Start Talks With Buyers for North Sea Asset Sales
Thursday, May 19, 2016 Royal Dutch Shell is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group, according to people familiar with the matter.
Siem Offshore Acquires 100% Interest in Secunda Canada
Wednesday, May 18, 2016 As part of a recapitalization of Secunda, Norway's Siem Offshore has acquired Birch Hill's 50 percent ownership interest in Secunda Canada.
Gazprom, PetroVietnam to Jointly Develop Oil, Gas Projects
Tuesday, May 17, 2016 Gazprom and PetroVietnam sign a deal to jointly develop new oil and gas projects and cooperate on gas-based power generation.
Range Resources To Buy Memorial Resource In Deal Worth $4.4B
Monday, May 16, 2016 Oil and gas producer Range Resources Corp says it will buy Memorial Resource Development Corp in an all-stock deal valued at $4.4 billion, including $1.1 billion in debt.
Malaysia's MISC Completes Acquisition of Gumusut-Kakap Semi-FPS from EPV
Monday, May 16, 2016 Malaysia's MISC completes acquisition of 50 percent stake in Gumusut-Kakap Semi-Floating Production System from E&P Venture Solutions for $445 million.
Carlyle Invests In Tunisia-Focused Mazarine Energy
Monday, May 16, 2016 Carlyle Group has invested in Tunisia-focused oil and gas explorer Mazarine Energy.
Air Liquide Deal for Airgas Wins US Approval With Asset Sales
Friday, May 13, 2016 Air Liquide SA won U.S. antitrust approval for its takeover of Airgas Inc. after the companies agreed to resolve competition concerns by selling assets used to produce industrial gases.
Hydro Group Signs Deals with Asia Pacific Business Partners
Friday, May 13, 2016 Hydro Group signs deals with Asia Pacific business partners as it continues strategic growth in the region, including in the energy sector.
Singapore's KHMO Inks MOU with Iran Marine Fund for Iranian O&G Projects
Friday, May 13, 2016 Singapore's Kim Heng Marine & Oilfield (KHMO) inks a memorandum of understanding with state-owned Iran Marine Fund to potentially set up a strategic partnership for Iranian offshore marine and oil and gas projects.
Australia's AWE Rejects Proposed Acquisition by Lone Star Fund
Wednesday, May 11, 2016 AWE rejects Lone Star Fund's proposed acquisition of all shares in the Australian company.
Pura Vida Holds 100% Interest in Madagascar's Offshore Ambilobe Block
Wednesday, May 11, 2016 Pura Vida completes takeover of full interest in Madagascar's offshore Ambilobe block after Sterling Energy's withdrawal.
Saudi Aramco Says Looking At New Ventures Around Globe
Tuesday, May 10, 2016 State oil company Saudi Aramco wants to expand globally and is looking at potential joint ventures in several countries, including Indonesia, India, the United States, Vietnam and China, chief executive Amin Nasser says.
Petrobras Seeks $1 Billion China Loan Faster Than Planned
Monday, May 09, 2016 Brazil's state-controlled oil company Petrobras is seeking a $1 billion loan from the Export-Import Bank of China before originally planned as its debt service costs surge in the coming years amid the worst oil market in a generation.
Williams-Energy Transfer Deal Is Dead in Wall Street's Eyes
Monday, May 09, 2016 Seven months. That's how long it took for Energy Transfer Equity's deal to buy Williams to crumble.
GE Sees Oil, Software M&A Opportunities as Boston Move Nears
Friday, May 06, 2016 General Electric is hunting for acquisitions in the beleaguered oil and gas industry after missing an opportunity to buy assets when the merger between Halliburton and Baker Hughes was scuttled.
Energy Transfer CEO on Williams: We can't close this deal
Thursday, May 05, 2016 Energy Transfer Equity Chief Executive Kelcy Warren said on Thursday the pipeline company cannot complete an agreed-upon $21 billion takeover of rival Williams Cos Inc because of tax issues.
Keppel O&M Completes Acquisition of Cameron's Offshore Product Division
Tuesday, May 03, 2016 Keppel Offshore & Marine completes acquisition of Cameron's offshore product division.
Halliburton Aims to Boost Weak Businesses after Failed Baker Hughes Deal
Tuesday, May 03, 2016 Halliburton says it will consider acquisitions to bolster its weaker businesses as the oilfield services company looks to move on after a deal to buy smaller rival Baker Hughes fell through.
Ophir Ends Talks with Schlumberger over Fortuna LNG Project
Friday, April 29, 2016 Ophir Energy has ended talks with Schlumberger over the Fortuna LNG project, after the parties hit stumbling block on terms agreed in January.
Russia's Yamal LNG Signs $12B Of Loan Deals With Chinese Banks
Friday, April 29, 2016 Russia's Novatek-led Yamal LNG signs loan agreements with Chinese banks worth $10.6 billion and $1.5 billion, Yamal LNG says.
Beach Energy Makes $31M in Annual Savings Through Merger with Drillsearch
Wednesday, April 27, 2016 Australia's Beach Energy reports further annual cost savings of $31 million through its merger with Drillsearch Energy.
Aker Solutions, ABB Team Up To Develop Subsea Production
Wednesday, April 27, 2016 Aker Solutions and ABB agree to team up to develop solutions that will "improve oil and gas production for the global energy industry," according to a statement from Aker.
Russia's Novatek Says Yamal LNG Unlikely To Get Chinese Loans In May
Tuesday, April 26, 2016 The Yamal LNG project is unlikely get loans from China next month says Leonid Mikhelson, the head of No.2 Russian gas producer Novatek.
Norway's Aker Seeks More Investments, Says Billionaire Owner Roekke
Friday, April 22, 2016 Aker expects to conduct more acquisitions and other transactions in coming years, according to the firm's top owner.
Russia's Novatek Says Yamal LNG Debt Financing Seen at $18-19B
Friday, April 22, 2016 Total debt financing of the Novatek-led Yamal LNG project is estimated at $18-19 billion, says Novatek's chief executive.
Kazakh Kazmunaygaz Says May Borrow to Fund Upstream Subsidiary Buyout
Thursday, April 21, 2016 Kazmunaygaz may raise new debt to finance the buyout of minority shareholders of its upstream subsidiary KMG EP in a deal worth about $1 billion, according to its managing director.
China's CNPC: Russia's Yamal LNG to get Loans of Around $10B
Thursday, April 21, 2016 Russia's Yamal LNG project will receive around $10 billion in loans from Chinese banks in May, according to an official at China National Petroleum Corp.
EGIS Secures Grant from OGA to Assist with North Sea Exploration
Thursday, April 21, 2016 The UK's Heriot-Watt School of Energy, Geoscience, Infrastructure & Society (EGIS) secures a $359,000 grant award from the Oil and Gas Authority to assist with exploration in the North Sea.
ITF JIP Enters Trial Phase with Support from Total, BP, Shell, Chevron
Wednesday, April 20, 2016 A joint industry project established through The Industry Technology Facilitator (ITF) has entered a trial phase with the support of oil and gas operators.
Halliburton Is Said to Face EU Objections to Baker Hughes Deal
Wednesday, April 20, 2016 Halliburton's troubled bid to buy oil-services rival Baker Hughes faces a formal complaint from European Union regulators as soon as this month, adding to a court fight with US antitrust officials.
Norway's PM Urges HHI to Continue Cooperation with Norwegian Partners
Monday, April 18, 2016 Norway's Prime Minister Erna Solberg urges South Korea's shipyard Hyundai Heavy Industries to continue cooperation with partners in her country for mutual growth.
New Guinea Energy Acquires Stake in Karoon Gas Australia
Monday, April 18, 2016 Papua New Guinea-focused New Guinea Energy acquires a $2.72 million percent stake in Karoon Gas Australia.
Hurricane Energy Finds New Investor to Finance North Sea Exploration
Monday, April 18, 2016 Hurricane Energy finds a new investor in private equity fund manager Kerogen Capital, which is injecting $62 million into the company for a nearly 30% stake.
Sunny Hill: Petroceltic Takeover Offer Lapses
Friday, April 15, 2016 An all cash offer by Sunny Hill Limited to acquire the entire issued and to be issued share capital of Petroceltic International plc lapses due to insufficient support.
Beach Energy to Withdraw from the JV for BMG Gas Fields Off Gippsland
Friday, April 15, 2016 Beach Energy reveals plans to withdraw from the joint venture for the Basker, Manta and Gummy gas fields offshore Gippsland, Australia.
Putin: Russia Seeking Strategic Investor to Buy Rosneft Stake
Thursday, April 14, 2016 President Vladimir Putin says Russian government wants a strategic investor to buy a 19 percent stake in Rosneft as part of privatization plan.
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