News Topics: Company Mergers, Acquisitions, & JVs

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EU Clears Acquisition of Cameron by Schlumberger
Friday, February 05, 2016 The European Union clears the purchase of equipment maker Cameron International by Schlumberger, the world's No.1 oilfield services provider.

EU clears acquisition of Cameron by Schlumberger
Friday, February 05, 2016 The European Union clears the purchase of equipment maker Cameron International Corporation by Schlumberger, the world's number one oilfield services provider.

Petro Matad, BG Delay Mongolia Drilling
Wednesday, February 03, 2016 Petro Matad Limited and BG Group delay their drilling program in Mongolia's Block V.

Cepsa Resumes Iranian Oil Supplies to Spain
Wednesday, February 03, 2016 Spanish refiner Cepsa to ship a 1-million barrel cargo of Iranian oil to its refineries, according to vessel agents' data and market players.

European Commission extends Halliburton-Baker Hughes deal review
Wednesday, February 03, 2016 Oilfield services provider Baker Hughes says the European Commission had extended the review of its merger with Halliburton by 20 working days.

Mosman Terminates Plan to Acquire South Taranaki Energy Project in NZ
Tuesday, February 02, 2016 Mosman Oil and Gas terminates plan to acquire the South Taranaki Energy Project in New Zealand from Origin Energy.

Oil, Gas Industry Calls for Increased Collaboration amid Low Oil Price
Monday, February 01, 2016 Major players in the oil and gas industry are pushing for more industry collaboration amid the continuing low oil price.

Global Petroleum Looking to Acquire New Projects, Remains 'Selective'
Friday, January 29, 2016 Global Petroleum Limited is interested in investing in new projects, although the company has admitted that it will be "extremely selective" in choosing such ventures.

Statoil Says Has no Plans to Invest in Gas Pipeline to Poland
Friday, January 29, 2016 Norway's Statoil will not invest in a gas pipeline to Poland, it says, setting back plans by Polish gas firm PGNiG to reduce its dependence on supplies from Russia.

Sterling Withdraws from Mauritania Block
Friday, January 29, 2016 Sterling Energy Mauritania Limited submits a notice of withdrawal to its joint venture partners in relation to Block C-3, offshore Mauritania.

BG Shareholders Give Shell's $52B Acquisition Final Nod
Thursday, January 28, 2016 BG Group shareholders overwhelmingly approved Royal Dutch Shell's $52 billion takeover on Thursday, clearing the way for the two firms to create the world's biggest trader of liquefied natural gas (LNG).

Wood Mac: 2016 Promises Upstream Opportunities despite Tough Times
Thursday, January 28, 2016 A new report from oil and gas consultancy Wood Group shows that 2016 promises many opportunities around the world for the upstream sector in spite of challenging times.

Scotland's Oil, Gas Sector Receives $360M Cash Injection
Thursday, January 28, 2016 The UK and Scottish governments to inject up to GBP 250 million ($358 million) into northeast Scotland's economy, as part of a new deal designed to support the region's oil and gas sector.

Shell Wins Investor Approval to Buy BG, Sealing Biggest Deal
Wednesday, January 27, 2016 More than 83 percent of Shell shareholders voted in favor of the transaction.

Drillsearch Shareholders Approve Planned Merger with Beach Energy
Wednesday, January 27, 2016 Drillsearch Energy shareholders approve a proposed merger with Beach Energy to create the largest mid-cap oil and gas firm listed on the Australian Securities Exchange.

Recruitment Firms Air Energi and Swift Merge to Form Airswift
Tuesday, January 26, 2016 Two oil and gas recruitment agencies merge to form a new $1.2-billion agency called Airswift.

China's Rail Company CRRC Acquires 13.9% Stake in Singapore's Vallianz
Monday, January 25, 2016 China's state-owned rail corporation CRRC invests $16.58 million to take a 13.9 percent interest in Singapore's offshore support vessel company Vallianz Holdings.

Survey: Oilfield Services Execs Expect a 'Surge' of M&A Activity in 2016
Monday, January 25, 2016 A survey by international law firm Pinsent Masons reveals that 86% of senior executives in oilfield services firms expect a surge in M&A activity during 2016.

Halliburton Says No Deal Yet With Regulators On Size Of Asset Sales
Monday, January 25, 2016 Halliburton, which is awaiting regulatory approval for its acquisition of Baker Hughes, said it was yet to reach an agreement with US and European regulators.

Golar LNG and Schlumberger Ink MOU
Monday, January 25, 2016 Golar LNG inks memorandum of understanding with Schlumberger to cooperate on the global development of greenfield, brownfield and stranded gas reserves.

Petroceltic Could Receive Takeover Offer From Shareholder
Friday, January 22, 2016 Private investment management firm, Worldview Capital Management, is in the process of evaluating and preparing for a possible, all cash, offer for the entire share capital of Petroceltic International plc.

Kuwait Emir: Exports from Joint Oil Fields with Saudi to Resume
Thursday, January 21, 2016 Kuwait's emir has said operations and exports from oil fields jointly operated with Saudi Arabia will resume soon, local media reports.

San Leon Takeover Talks Terminated
Thursday, January 21, 2016 The board of San Leon announces that takeover talks with an unnamed potential offeror have come to an end.

Swiber's Subsidiary Acquires 38% Stake in Nigeria's Deltatek Offshore
Wednesday, January 20, 2016 Singapore's Swiber Holdings acquires 38 percent interest in Nigeria's services provider Deltatek Offshore Limited.

Merger Will See 10,000 Jobs Cut at Shell, BG
Wednesday, January 20, 2016 Shell's proposed takeover of BG will be completed "in a matter of weeks", according to CEO Ben van Beurden, resulting in the reduction of a total of 10,000 workers across both companies.

Mubadala, Pemex Signs MOU to Cooperate in Mexico's Upstream Sector
Wednesday, January 20, 2016 Mubadala Petroleum signs memorandum of understanding with Pemex to cooperate in Mexico, including upstream projects.

Australia's Carnarvon Takes Equity Stake in Singapore's Loyz Energy
Tuesday, January 19, 2016 Australia's Carnarvon Petroleum takes equity stake in Singapore's Loyz Energy.

Shell Exits Bab Sour Gas Reservoirs Project
Monday, January 18, 2016 Shell will exit the joint development of the Bab sour gas reservoirs with ADNOC in the Emirate of Abu Dhabi, after an evaluation of the project's technical challenges and costs.

Chariot Commences 3D Seismic Program Offshore Namibia
Monday, January 18, 2016 Chariot Oil & Gas Limited commences a 3D seismic acquisition survey of approximately 1,000 square miles in Blocks 2312 and 2412A offshore Namibia.

Suncor Reaches Deal To Buy Canadian Oil Sands With Sweetened Offer
Monday, January 18, 2016 Suncor Energy has reached a deal to acquire rival Canadian Oil Sands by raising its all-stock offer.

Shale Pioneer McClendon Joins $500M Argentina Venture
Friday, January 15, 2016 Aubrey McClendon's American Energy Partners and YPF, Argentina's largest company, have signed a joint venture to develop shale gas from the country's Vaca Muerta formation.

OBL Remains Operator of Derby Block in Canning Basin, Rey Refutes Statement
Friday, January 15, 2016 Oil Basins Limited remains operator of Derby Block in Western Australia's Canning Basin, but Rey Resources refutes the announcement.

Russia's Rosneft, BP Agree to Dissolve Joint Venture in Germany
Friday, January 15, 2016 Rosneft and BP agree to dissolve their Ruhr Oel refining joint venture in Germany.

China's CNOOC and CGN to Cooperate on Offshore Oil, Nuclear Power
Friday, January 15, 2016 Two Chinese state-owned energy companies sign a strategic cooperation framework agreement on offshore oil and nuclear power.

Statoil Acquires Minority Stake in Lundin
Thursday, January 14, 2016 Statoil acquires minority stake in Lundin Petroleum for a total price of approximately SEK 4.6 billion ($539 million).

Premier Oil's Shares Remain Suspended amid Proposed E.ON Deal
Thursday, January 14, 2016 Premier Oil plc's ordinary shares remain suspended pending clarification from the UKLA on the status of the company's proposed acquisition of all of E.ON's UK North Sea assets.

Poland Mulls Oil and Gas Mergers to Avoid Hostile Takeovers
Monday, January 11, 2016 Poland's government is considering merging the nation's biggest oil and gas companies PKN Orlen, Grupa Lotos and PGNiG, three stalwarts of the Warsaw bourse.

Otto Marine, Port Operator Study Development of Yard Facility in Batam
Monday, January 11, 2016 Otto Marine enters into a memorandum of understanding with a unnamed port operator to study the potential development of a fabrication and marine facility at its shipyard in Batam, Indonesia.

Singapore's POSH Forms JV with Saudi Arabia's Hmood Al-Khalaf Group
Monday, January 11, 2016 Singapore-based PACC Offshore Services Holdings forms a joint venture with Saudi Arabia's Hmood Al-Khalaf Group to expand its presence in the Middle East.

Shell's BG Bid Dealt Blow With First Shareholder Dissent
Friday, January 08, 2016 Shell's bid to acquire BG Group was dealt a blow when a first major shareholder said it would vote against the $49 billion deal.

Prospex Agrees to Acquire 49% Stake in Hutton Poland
Friday, January 08, 2016 Prospex Oil and Gas conditionally agrees to acquire a 49% stake in Hutton Poland Ltd, from Hutton Energy Ltd, for £620,000 ($906,781) in cash.

Ingenu, WellAware to Jointly Expand Public Communications Network
Friday, January 08, 2016 Ingenu and WellAware will work together to expand the Machine Network, a network of wireless connectivity designed for M2M and IoT.

Cape, OLIO Forms JV to Tap Business Opportunities in Malaysia
Friday, January 08, 2016 Cape forms joint venture with OLIO Resources to tap business opportunities in the Malaysian market.

Cluff Natural Resources Seeks North Sea Partners
Thursday, January 07, 2016 Cluff Natural Resources plc is currently seeking industry partners to fund the drilling of wells on its North Sea assets.

Oil Sands Giant's Hostile Takeover Teeters as Crude Plunges
Thursday, January 07, 2016 Suncor Energy Inc.'s C$4.13 billion ($2.93 billion) takeover of Canadian Oil Sands Ltd. looks far from certain, with the target's share price trading at a record gap to the bid just a day before expiring.

Hyperdyamics Reveals Impasse in Plans to Drill Exploration Block Off Guinea
Wednesday, January 06, 2016 Hypernamics Corp. reveals an impasse in plans to resume exploration drilling in a block offshore Guinea.

WoodMac: Oil, Gas M&A Deal Flow to Ramp up in 2016
Wednesday, January 06, 2016 A new Wood Mackenzie report suggests that merger and acquisition activity in the upstream oil and gas sector will ramp up this year regardless of what happens to the oil price.

Suncor CEO Has No Plans to Boost Price for Canadian Oil Sands
Tuesday, January 05, 2016 Suncor CEO Steve Williams said he has no plans to sweeten the offer for Canadian Oil Sands and that a majority of shareholders support the bid.

Suncor Says Canadian Oil Bid Extension Highly Improbable
Monday, January 04, 2016 Suncor Energy's top executive said it was "conceivable but highly improbable" that Suncor will extend a hostile takeover bid for Canadian Oil Sands beyond this week's deadline.

Canadian Oil Sands Urges Shareholders to Reject Suncor Bid
Tuesday, December 29, 2015 Canadian Oil Sands' board sent a letter to its shareholders urging them once again to reject the hostile bid by Suncor ahead of the offer's deadline next week.

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