News Topics: Company Mergers, Acquisitions, & JVs
Results50 articles shown
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.
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.
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.
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.
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.
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.
Dragon Oil plans To Bid Around $800M For Petroceltic
Monday, October 06, 2014 Dragon Oil proposes a takeover of fellow oil producer Petroceltic.
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.
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.
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.
BHP Billiton, PEMEX Sign Technical Exchange Agreement
Friday, September 26, 2014 BHP Billiton and PEMEX sign an agreement for the exchange of oil and gas technical knowledge, experiences and practices.
San Miguel Sees Bank Unit Sale Soon, Eyes Overseas Oil and Gas Deal
Wednesday, September 24, 2014 The Philippines' most diversified conglomerate, San Miguel Corp is in talks to sell its unlisted banking unit soon, while eyeing an overseas oil and gas buy, as it strengthens its portfolio after a soured airline investment.
Vallianz's Subsidiary to Acquire Shipyard in Batam, Indonesia for $15.6M
Tuesday, September 23, 2014 Vallianz Holdings' unit Vallianz Shipbuilding & Engineering signs agreement to acquire a shipyard in Batam, Indonesia for $15.6 million.
Siemens To Buy Dresser-Rand To Tap US Shale Gas Boom
Monday, September 22, 2014 Siemens agrees to buy US oilfield equipment maker Dresser-Rand Group for $7.6 billion in a move that would significantly boost its oil and gas business in North America.
Risco Energy to Acquire Galoc Oil Field Operator GPC for $101.4M
Monday, September 22, 2014 Risco Energy inks $101.4 million deal to acquire Galoc Production Company, which has a 33 percent operating interest in Galoc oil field in Service Contract 14C offshore the Palawan in the Philippines.
Minister: Asian Firms To Replace Western Energy Majors If They Leave Russia
Monday, September 22, 2014 Asian companies will replace Western majors if they quit energy projects in Russia due to sanctions over Moscow's role in Ukraine, Natural Resources Minister Sergei Donskoi said.
Ambitious US Pipeline Firm Buckeye Quietly Makes Key Acquisition
Wednesday, September 17, 2014 Buckeye Partners spends more than $3.5 billion buying assets to transform itself from a regional pipeline utility into an emerging energy powerhouse.
Thailand's BCPE Gains Majority Ownership of Takeover Target Nido Petroleum
Tuesday, September 16, 2014 Thai refiner Bangchak Petroleum's unit BCPE gains majority ownership of its takeover target Nido Petroleum.
Keppel's Unit KSI Completes Acquisition of 10% Stake in Golar Hilli
Monday, September 15, 2014 Keppel Corporation's indirect subsidiary KSI Production completes acquisition of a 10% stake in Golar Hilli.
Drillsearch Gains Control of 89.1% Shares in Ambassador Oil & Gas
Monday, September 15, 2014 Drillsearch gains control of 89.1 percent of Ambassador Oil & Gas shares and moves closer to compulsory acquisition of the latter's remaining shares.
Neon Energy Recommends Shareholders to Ignore Evoworld's Takeover Bid
Friday, September 12, 2014 Australia's Neon Energy recommends shareholders to ignore Evoworld's takeover bid at this time.
CEO: Subsea 7 Keen on Taking Part in Sector Consolidation
Thursday, September 11, 2014 Subsea 7 would be keen to participate in oil and gas service industry consolidation but is not involved in any current deals.
Statoil, Petronic Aim to Explore Offshore Nicaragua
Thursday, September 11, 2014 Norway's Statoil signs a deal with local firm Petronic in order to find ways to explore for oil and gas off Nicaragua's Pacific coast.
Mosman Updates on Operations at NZ Upstream Assets, Company Acquisitions
Thursday, September 11, 2014 Mosman Oil & Gas provides updates on operations at its New Zealand upstream assets and acquisitions of Trident Energy and OilCo.
Jurong Shipyard Inks $21M Deal to Acquire SSP Offshore's Business Assets
Thursday, September 11, 2014 Jurong Shipyard inks $21 million agreement with SSP Offshore to acquire substantially all the latter's business assets.
Evoworld Makes Unsolicited Proportional Takeover Bid for Neon Energy
Wednesday, September 10, 2014 Evoworld makes unsolicited proportional takeover bid for Australia's Neon Energy.
WorleyParsons to Acquire MTG to Expand Global Advisory Business
Wednesday, September 10, 2014 WorleyParsons agrees to acquire US-based management consulting company MTG as it expands its global advisory business.
Wellsite Rental Services, DWS Join Forces in Marcellus, Utica Regions
Tuesday, September 09, 2014 Wellsite Rental Services is partnering with Deep Well Services (DWS) to serve the Marcellus and Utica regions.
Rosneft, Petrovietnam To Jointly Work On Shelf Blocks In Pechora Sea
Friday, September 05, 2014 Rosneft has agreed to set up a joint venture with Petrovietnam to develop two shelf blocks in the Pechora Sea in the Arctic off northwest Russia.
Keppel's Unit KSI Acquires 10% Stake in Golar Hilli
Friday, September 05, 2014 Keppel's unit KSI Production acquires a 10 percent stake in Golar Hilli, which has ordered the conversion of a floating liquefaction vessel at Keppel Shipyard.
ONGC Videsh, YPF Sign MOU to Cooperate in Hydrocarbon Sector
Thursday, September 04, 2014 ONGC Videsh and YPF sign a memorandum of understanding to cooperate in the hydrocarbon sector globally.
Mirach Energy's UNITEQ Inks Cooperation Deal with CNOOC's ENERTECH
Wednesday, September 03, 2014 Mirach Energy's wholly-owned unit UNITEQ inks cooperation agreement with CNOOC's subsidiary ENERTECH.
Dominion Resources, US Partners Sign $5B Pipeline Deal
Tuesday, September 02, 2014 Dominion Resources enters a joint venture with three other US energy companies for a $4.5-$5 billion pipeline that will ship natural gas to North Carolina and Virginia.
Baker Hughes Finalizes Deal for Weatherford Business
Tuesday, September 02, 2014 Baker Hughes and Weatherford close the previously announced purchase and sale of Weatherford's pipeline and specialty services business.
Samsung Heavy Industries to Merge with Samsung Engineering
Monday, September 01, 2014 Samsung Heavy Industries will merge with Samsung Engineering Co. to establish a total solution provider for shipbuilding and onshore and offshore services.
Blue Water Energy, Blackstone and GIC Invest $500M in Siccar Point Energy
Monday, September 01, 2014 Blue Water Energy, Blackstone Energy Partners and Singapore's sovereign fund GIC invest $500 million in new North Sea-focused exploration and production company Siccar Point Energy.
Drillsearch Energy Ups Stake in Ambassador Oil & Gas to 84.2%
Friday, August 29, 2014 Drillsearch Energy raises stake in Ambassador Oil & Gas to 84.2 percent, with two of its nominees appointed directors of the latter.
Italy Aims To Complete Eni, Enel Stake Sales By December
Thursday, August 28, 2014 Italy's government says it is on course to sell stakes in energy groups Enel and Eni by the end of the year.
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