News Topics: Company Mergers, Acquisitions, & JVs

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Iran Will Finalize Contract With Total Within Two Months
Tuesday, February 21, 2017 Iran's oil minister says the first of its new contracts would be finalized with Total within 2 months, according to the Mehr News agency.

Polish Govt Not Working On Lotos-PKN Merger
Friday, February 17, 2017 The Polish government is not working on a potential merger between the state-run oil companies Grupa Lotos and PKN Orlen.

Gazprom, CNPC Broaden Strategic Energy Cooperation
Thursday, February 16, 2017 Russia's Gazprom agrees to broaden its strategic cooperation in the energy sector with China's CNPC.

FTC Approves Enbridge Deal To Buy Spectra With Conditions
Thursday, February 16, 2017 Enbridge and Spectra Energy have won US antitrust approval for a $28B merger that will create the largest North American energy infrastructure company.

Wintershall Selects Skarfjell Field Development Solution
Wednesday, February 15, 2017 Wintershall Norge - and its license partners Capricorn Norge AS, Bayerngas Norge AS, Edison Norge AS and DEA Norge AS - have selected a development solution for the Skarfjell field in the North Sea.

Ezra Says It Faces Court Application To Wind Up Unit Of Subsea JV
Wednesday, February 15, 2017 Ezra Holdings Ltd says a creditor of a business owned by an Ezra joint venture had filed a court application requesting that the JV's subsidiary be wound up.

Saudi Aramco Inks First Oil Contract With China's Huajin
Monday, February 13, 2017 Saudi Aramco signs a contract with Chinese oil refiner North Huajin Chemical Industries Group Corp to supply crude in 2017.

Lundin Board Proposes Malaysia, France, Netherlands Asset Spin Off
Monday, February 13, 2017 Lundin Petroleum's board of directors proposes to spin-off its assets in Malaysia, France and the Netherlands into a newly formed company called International Petroleum Corporation (IPC).

Singapore Banks' Sour Loans In Focus As Oil Service Sector Stresses
Friday, February 10, 2017 Singapore's DBS Group Holdings and smaller rival United Overseas Bank are set to report their lowest quarterly profit in at least 2 years, hurt by loans provisions for the oil services sector.

BHP Billiton Approves $2.2B For U.S. Mad Dog Oil Project
Thursday, February 09, 2017 BHP Billiton approves its $2.2 billion share of investment for the second phase of the Mad Dog oilfield in the Gulf of Mexico, as expected.

DNV GL Launches Digital Platform to Facilitate Collaboration
Thursday, February 09, 2017 Oil and gas industry advisor DNV GL launches a new digital platform to facilitate connections between different industry players, domain experts and data scientists.

India ONGC's Overseas Arm Should Not Be Merged With Parent
Thursday, February 09, 2017 The overseas arm of India's ONGC should not be merged with its parent company, ONGC's chairman says.

Parsley Energy to Buy Assets in Permian Basin for About $2.8B
Tuesday, February 07, 2017 US oil and gas producer Parsley Energy says it will buy certain assets in the oil-rich Permian basin from a privately owned company for about $2.8 billion.

Qatar Petroleum Joins Consortium To Develop Pakistan LNG Project
Tuesday, February 07, 2017 Qatar Petroleum (QP) joins an international consortium of major U.S., European and Japanese energy companies to develop a liquefied natural gas (LNG) import project in Pakistan.

Plains All American's Profit Nearly Halves as Costs Jump
Tuesday, February 07, 2017 Plains All American Pipeline reports on Tuesday a quarterly profit that nearly halved, largely due to a 23.3 percent jump in costs.

Delek Group to Issue Ithaca Energy Takeover Bid for $524MM
Monday, February 06, 2017 Israel's integrated energy company, Delek Group, will issue a cash takeover bid for 80% of Ithaca Energy Inc's share capital for a total consideration of $524 million.

Norwegian Firms to Create Offshore Oil Industry Supply Vessels Giant
Monday, February 06, 2017 Hit by the oil industry recession, Norwegian offshore service vessel (OSV) operators Farstad Shipping, Deep Sea Supply and Solstad Offshore announce plans to merge to counter the downturn.

Shell Says Renegotiating Permian JV With Anadarko
Thursday, February 02, 2017 Royal Dutch Shell and Anadarko Petroleum are renegotiating their 5-year-old joint venture in the Permian shale basin in Texas.

Australia's Senex Lines Up US Partner To Fund Gas Project
Wednesday, February 01, 2017 Senex Energy Ltd lines up private equity firm EIG Global Energy Partners to provide up to $300 million to back a coal seam gas project in Australia.

Shell's North Sea Asset Sale Could Signal Move Towards 'Protectionism' Era
Wednesday, February 01, 2017 Royal Dutch Shell plc's decision to sell a package of North Sea oil and gas fields to private equity-backed Chrysaor for $3.8 billion could signal a move towards an era of 'protectionism'.

New Joint Project in Norway Aims to Ensure Global Competitiveness
Wednesday, February 01, 2017 A new KonKraft project is launched to ensure value creation, jobs and global competitiveness for the Norwegian oil and gas industry over the long term.

India Looks At Creating Oil Giant To Take On Global Rivals
Wednesday, February 01, 2017 India plans to form a giant national oil company by combining other state-owned firms, finance minister Arun Jaitley says.

Malaysia's Petronas Says RAPID Project Remains On Track
Friday, January 27, 2017 Malaysia's state oil firm Petroliam Nasional Berhad (Petronas) is pushing ahead with plans to start operations in 2019 at a large refining and petrochemical complex in the southeast of the country.

Sources: Saudi Aramco Shelves Plan For Venture With Malaysia's PETRONAS
Wednesday, January 25, 2017 Saudi Aramco shelves plans for a multi-billion-dollar refining and petrochemical joint venture with Malaysia's PETRONAS.

OMV, Dana Energy Sign Iranian Oil, Gas MoU
Wednesday, January 25, 2017 OMV and Dana Energy Company sign a Memorandum of Understanding to evaluate possible upcoming development and re-development projects in the Iranian oil and gas industry.

Big Oil Back On The Acquisition Trail As Outlook Brightens
Thursday, January 19, 2017 The world's top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves.

Malaysian Drilling Services Firm UMW-OG To Buy Icon Offshore
Thursday, January 19, 2017 Malaysian offshore drilling services company UMW Oil & Gas Corp Bhd (UMW-OG) says it will buy offshore support vessel provider Icon Offshore Berhad after agreeing to a share sale with its major shareholder.

Croatia Steps Up Plans For Buyout Of Oil Group INA
Thursday, January 19, 2017 The Croatian government has stepped up plans to take full control of oil group INA by setting up a special body to prepare a model for the buyout of Hungarian energy company MOL's 49% stake.

Rosneft Says Sold Saras Stake In Part Because Of Sanctions
Wednesday, January 18, 2017 Rosneft says it sold its stake in Italian refiner Saras in part because sanctions prevented it from taking a controlling stake in the refiner.

Technip, FMC Technologies Complete Merger
Tuesday, January 17, 2017 Technip and FMC Technologies finalize their merger, say new company can challenge conventions in oilfield project delivery.

Kremlin Says VTB Financing Rosneft Deal Not On Its Agenda
Tuesday, January 17, 2017 Russian state bank VTB financing the privatisation of Rosneft last year is a commercial issue which is not on the Kremlin's agenda, Kremlin spokesman Dmitry Peskov says.

Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project
Monday, January 16, 2017 Inpex Corporation agrees with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.

Noble Buys Clayton Williams for $2.7 Billion to Grow in Permian
Monday, January 16, 2017 Noble Energy agreed to buy Clayton Williams Energy for $2.7 billion in stock and cash to expand in America's hottest shale play.

Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
Friday, January 13, 2017 PetroVietnam signs an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp to develop the country's biggest gas project for power generation.

Proserv, SapuraKencana Technology Team-Up for APAC Services
Wednesday, January 11, 2017 Proserv and SapuraKencana Technology Sdn Bhd are joining forces to provide enhanced technology services to clients in Asia Pacific.

Rosneft Signs Oil Supply Deal With Firm Linked To Qatar And Glencore
Tuesday, January 10, 2017 Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 million tons of crude in total over a 5-year period.

Total Splashes Out On Uganda Expansion With Tullow Stake Deal
Monday, January 09, 2017 French oil major Total has expanded its stake in Uganda's Lake Albert oil project by snapping up most of Tullow Oil's stake for $900 million.

Schlumberger Expands Production Services Portfolio with Peak Buy
Thursday, January 05, 2017 Schlumberger acquires Peak Well Services to expand its offerings of its production services portfolio.

Vitol Clinches $1 Bln Pre-Finance Oil Deal With Iran-Sources
Wednesday, January 04, 2017 Vitol has clinched a deal with the National Iranian Oil Co. to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.

UK-Based Oil, Gas Sector Insolvencies Hit Record High
Tuesday, January 03, 2017 UK-based oil and gas sector insolvencies hit a new high in 2016, according to accountancy firm Moore Stephens.

Refiner Delek To Buy Rest Of Alon USA in $868M Deal
Tuesday, January 03, 2017 Refiner Delek U.S. Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own in a deal that values Alon USA at about $868 million.

Brazil's Petrobras, Joint Venture Hand Back Piracuca Oil Concession
Tuesday, January 03, 2017 Petrobras and Repsol Sinopec are handing back exploration rights at the Piracuca field in Santos basin.

Marathon Petroleum Explores Spin-Off For Retail Business Speedway
Tuesday, January 03, 2017 Marathon Petroleum Corp, under pressure from activist investor Elliott Management, said a special committee of its directors would review its retail business, including considering a tax-free separation.

Brazil's Petrobras Finalizes Sale of Nansei Sekiyu for $165M
Thursday, December 29, 2016 Brazil's state-run oil company Petroleo Brasileiro closes the sale of its 100-percent stake in Nansei Sekiyu to Taiyo Oil Company.

Trident Energy Looks To Invest In Southeast Asia Oil And Gas Assets
Wednesday, December 28, 2016 Trident Energy will scour for oil and gas assets in Southeast Asia, with a focus on mid-life producing assets that can be redeveloped to create value, a senior executive told Reuters.


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