News Topics: Company Mergers, Acquisitions, & JVs
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Neon Energy Updates on Evoworld's Latest Moves Relating to the Company
Wednesday, November 26, 2014 Neon Energy provides update on Evoworld's latest moves relating to the company.
Russia's Gazprom Neft Partners With Petrovietnam To Tap Arctic Oil
Tuesday, November 25, 2014 Gazprom Neft agrees to develop Russia's Dolginskoye offshore Arctic oil field jointly with Petrovietnam.
Salamander Backs Ophir Takeover Offer
Monday, November 24, 2014 UK oil and gas explorer Ophir Energy says its $418-million takeover of Salamander Energy has been recommended by the target firm's board.
Sonardyne Grows Presence in Australasia, Chooses Scope Engineering as Agent
Friday, November 21, 2014 Sonardyne appoints Scope Engineering as its agent to expand business presence in Australasia.
Russia's Lukoil to Invest in Nigerian Project with Chevron
Friday, November 21, 2014 Russia's second-largest oil company, privately controlled Lukoil, plans to invest in Nigeria with U.S. oil major Chevron Corp., part of its push to seek opportunities away from Russia's state-dominated oil sector.
Ophir Energy Offers to Buy Salamander in SE Asia Push
Friday, November 21, 2014 British oil and gas explorer Ophir Energy offers to buy Salamander Energy Plc for 267 million pounds ($419 million) to expand in southeast Asia.
EY: Global O&G M&A Outlook 'Cautiously Optimistic'
Friday, November 21, 2014 Despite an increasingly stable global economy, resilient equity markets and corporate earnings confidence, the global oil and gas M&A landscape remains only cautiously optimistic, according to a recent EY Survey.
Oil Services Firm CGG Rebuffs $1.8B Offer From Rival Technip
Thursday, November 20, 2014 CGG rebuffs a $1.84 billion takeover offer from larger rival Technip, which wants to broaden the range of services it can offer cost-wary oil companies.
Fosun Closes Off-Market Takeover Bid for Roc Oil
Tuesday, November 18, 2014 Fosun International confirms closure its off-market takeover bid for Roc Oil.
Baker Hughes CEO Due Millions if Halliburton Deal Closes
Monday, November 17, 2014 Martin Craighead, chairman and chief executive officer of Baker Hughes, stands to collect millions if Halliburton Co succeeds in its $35 billion takeover and he loses his job, according to regulatory filings.
Halliburton Faces Tough Sell in Taking Baker Hughes Deal to Regulators
Monday, November 17, 2014 Halliburton will have a tough time convincing U.S. regulators to approve its $35 billion deal to buy smaller rival Baker Hughes but could prevail with the right divestitures, antitrust experts say.
Halliburton to Buy Baker Hughes for About $35B
Monday, November 17, 2014 Halliburton will buy Baker Hughes for about $35 billion in cash and stock, creating an oilfield services behemoth to take on market leader Schlumberger as customers begin to cut spending due to falling oil prices.
CEPSA Says no Longer Interested in Buying Salamander Energy
Monday, November 17, 2014 A consortium led by Spain's Compania Espanola de Petroleos said it was withdrawing from the bidding to acquire oil firm Salamander Energy, reducing the competition for rival suitor Ophir.
Neon Energy's Shareholders Vote Against Takeover Bid by Evoworld
Thursday, November 13, 2014 Neon Energy's shareholders vote against Evoworld Corp.'s proportionate off-market takeover bid.
Baker Hughes Says In Preliminary Merger Talks With Rival Halliburton
Thursday, November 13, 2014 Baker Hughes says it is in preliminary merger talks with its larger rival Halliburton, though any potential deal would likely face antitrust concerns.
Vallianz to Acquire Stake in Indonesian OSV Company to Enter Local Market
Tuesday, November 11, 2014 Vallianz Holdings to acquire 49 percent interest in PT Swiber Berjaya for $17.5 million to gain entry into Indonesia's offshore support vessel market.
BP CEO Says Committed to Rosneft Investment, No Sale Plans
Monday, November 10, 2014 BP chief executive Robert Dudley says the oil major was committed to investments in Russia and had no plans to sell its stake in Rosneft despite Western sanctions against the country.
Fugro Shares Leap on Bid Speculation after Boskalis Stake Buy
Monday, November 10, 2014 Dutch oil services firm Fugro says it is open to joint ventures with other companies after rival Boskalis buys a stake.
Rosneft Sells Stake in Vankor Oilfield to CNPC
Monday, November 10, 2014 Rosneft signs an agreement with CNPC that will see the Chinese company purchase a 10-percent stake in ZAO Vankorneft, which operates the Vankor oilfield in Siberia.
Dijols Breaks Silence on CAT Oil Takeover
Thursday, November 06, 2014 Oil industry veteran Maurice Dijols pledges quick talks with CAT oil management, breaking his silence on his investment vehicle's takeover plans.
Petrobras, PPSA Ink PIA for Tartaruga Mestica
Monday, November 03, 2014 Petrobras and PPSA have signed a Production Individualization Agreement (PIA) of the Tartaruga Mestiça, located at the south portion of the Campos Basin.
Eni Mulls Partnership with Pemex in Mexico's Upstream Sector
Thursday, October 30, 2014 Eni and Pemex sign a cooperation agreement that could pave the way to a strategic partnership between the two firms in Mexico's upstream sector.
Drillsearch Completes Acquisition of Ambassador Oil & Gas
Tuesday, October 28, 2014 Drillsearch completes compulsory acquisition of the outstanding shares in Ambassador Oil & Gas.
Salamander Confirms Receiving Ophir's Takeover Proposal
Monday, October 27, 2014 Salamander Energy confirms receiving a conditional proposal from Ophir Energy regarding a potential offer for the company, .
Ocean Rig, Petrobras Agree To 3-Year, $1.1B Drillships Lease
Monday, October 20, 2014 Ocean Rig signs a $1.1B 3-year contract with Petroleo Brasileiro to extend a lease on two ultra-deepwater drilling ships.
Pacific Rubiales, Pemex Set 3-Year Cooperation Deal In Mexico
Friday, October 17, 2014 Pacific Rubiales signs a three-year deal to analyze potential oil and gas cooperation in Mexico with Pemex.
Neon Energy Recommends Shareholders Vote Against Evoworld's Takeover Bid
Friday, October 17, 2014 Neon Energy recommends shareholders vote against Evoworld's takeover bid for 30 percent share of the company.
Det Norske Completes Marathon Oil Norge Acquisition
Thursday, October 16, 2014 Det norske oljeselskap completes its acquisition of Marathon Oil Norge, with its chief executive stating there would be no redundancies as a result of the takeover.
If RWE Unit Sale to Fridman Falters, Hungary's MOL Still Keen
Thursday, October 16, 2014 MOL Group says it is still interested in buying RWE's DEA unit – which holds 190 oil and gas licenses in Europe, the Middle East and North Africa – if its sale to Russian billionaire is not approved.
Gazprom Neft Expands in Orenburg Region of Russia
Wednesday, October 15, 2014 Gazprom Neft completes the acquisition of OOO Yugra-Intek, giving it a license to produce oil in the Kuvaisky licensing area of the Orenburg region of southern Russia.
GE Aircraft Unit To Buy Helicopter Lessor Milestone For $1.78B
Monday, October 13, 2014 GE's aircraft leasing unit said it would buy Dublin-based helicopter leasing company Milestone Aviation Group for $1.78 billion.
Targa Resources and Affiliate to Buy Atlas Pipeline and Atlas Energy
Monday, October 13, 2014 Targa Resources is to buy Atlas Energy's midstream assets for $1.9 billion, while its Target Resources Partners unit will buy Atlas Pipeline Partners for $4 billion.
Saipem, Xodus and Chiyoda Launch New Firm to Tap Growth in Subsea Market
Friday, October 10, 2014 Saipem, Xodus and Chiyoda establish Xodus Subsea to tap growth in the subsea engineering market.
Gazprom Deal On Track, Wintershall Says After Miller Comments
Thursday, October 09, 2014 Wintershall says a major gas trading and storage deal with Gazprom remains on track after comments by the boss of the Russian company led to speculation the deal may be altered.
WellDog, Shell to Commercialize Novel Shale Gas Testing Service
Thursday, October 09, 2014 WellDog is working with Shell to adapt a sensor technology used in coalbed methane for locating sweet spots in shale gas formations.
Mermaid Maritime Raises Stake in Subtech Saudi Arabia
Thursday, October 09, 2014 Mermaid Maritime raises stake in Subtech Saudi Arabia to boost its business presence in Saudi Arabia.
Dragon Oil plans To Bid Around $800M For Petroceltic
Monday, October 06, 2014 Dragon Oil proposes a takeover of fellow oil producer Petroceltic.
Oil & Gas M&A in Upstream Sector Falls to $34.5 Billion in 3Q 2014
Friday, October 03, 2014 Third quarter 2014 was a quieter period for global oil and gas M&A activity compared to the previous quarter, but 2014 is still on track to have a greater total M&A spend than 2013.
Argentina's Pluspetrol to Buy Apco Oil and Gas for $427 Million
Friday, October 03, 2014 Pluspetrol Resources agrees to buy Apco Oil and Gas International for $427 million, sending shares up 18 percent.
Delta SubSea Secures DP-2 Support Vessel for Deepwater ROV Operations
Thursday, October 02, 2014 Delta SubSea enters an agreement with a subsidiary of Hornbeck Offshore Services for the HOS Bayou, one of Hornbeck's recently constructed 300 class HOSMAX DP-2 MPSVs.
Mexico's Pemex Signs Cooperation Agreement With ExxonMobil
Thursday, October 02, 2014 Pemex and ExxonMobil sign a non-commercial agreement to jointly explore potential upstream and downstream business opportunities.
Vallianz Acquires Offshore Manpower Services Firm OER for $27.7M
Wednesday, October 01, 2014 Vallianz Holdings acquires Singapore-based OER Holdings, an offshore industry manpower services provider, for $27.7 million.
Penspen Acquires DPS Engineering, Gains Access to FPSO Market in Asia
Tuesday, September 30, 2014 Penspen acquires the engineering division of DPS Group to grow its business, especially in the floating production storage and offloading construction market in Asia Pacific.
Petronas Inks Agreements with Pemex, YPF to Grow Business in Americas
Monday, September 29, 2014 Petronas inks agreements with Pemex and YPF to grow its business in the Americas.
Nam Cheong Invests $31M in BBR to Further Expand into Indonesian Market
Monday, September 29, 2014 Nam Cheong invests $30.7 million in Indonesian ship owning and chartering firm PT Pelayaran Nasional Bina Buana Raya Tbk (BBR) to enter into Indonesia's oil and gas market.
Encana Buying Athlon Energy For $5.93 Billion
Monday, September 29, 2014 Encana is buying Athlon Energy Inc. for $5.93 billion in an effort to boost is oil production by tapping into Texas's booming Permian Basin.