News Topics: Company Mergers, Acquisitions, & JVs
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Shell Agrees Sale of Norwegian Downstream Businesses
Thursday, December 18, 2014 Royal Dutch Shell agrees to sell its Norwegian retail, commercial fueld and logistics businesses to ST1.
Repsol Agrees $8.3B Takeover Offer for Talisman
Tuesday, December 16, 2014 Repsol will pay $8.3 billion to buy Canada's Talisman Energy in a deal that the Spanish firm says will transform it into one of the largest energy groups in the world.
Repsol To Discuss Bid For 100% Of Talisman
Monday, December 15, 2014 Repsol says it would discuss a takeover offer for 100% of Talisman Energy, which is also being circled by other potential bidders.
Technip Rules Out CGG Bid After Talks Fail
Sunday, December 14, 2014 Technip rules out making an offer for seismic surveys specialist CGG after talks between the two firms fail to produce an agreement.
Mosman Oil and Gas Plans to Acquire 100% Interest in MEO Australia
Friday, December 12, 2014 Mosman Oil and Gas plans a takeover bid for 100 percent interest in MEO Australia.
Otto Energy Accepts Nido's $108M Offer to Acquire Galoc Production Company
Friday, December 12, 2014 Otto Energy accepts Nido Petroleum's $108 million offer to acquire its 100 percent stake in Galoc Production Company.
Interra Terminates Acquisition of Indonesia's PT Benakat Barat Petroleum
Thursday, December 11, 2014 Interra Resources terminates planned acquisition of equity interests in Indonesia's Benakat Barat Petroleum.
Dijols Launches Takeover Offer for CAT oil
Thursday, December 11, 2014 Oil industry veteran Maurice Dijols launches a $926-million takeover offer for Austria's CAT oil.
Argentina Says Inks $550M Shale Exploration Deal With Petronas
Wednesday, December 10, 2014 YPF has ratified a preliminary $550 million deal with Malaysia's Petronas to explore for oil in the South American country's Vaca Muerta shale formation, YPF said in a statement.
Octanex Gets Funds from SIP for Joint Investment in Southeast Asia Projects
Tuesday, December 09, 2014 Octanex secures funding from Sabah International Petroleum to jointly pursue upstream projects in Malaysia, Indonesia and the Philippines.
Russia's Timchenko Says Has 'No Interest' in Buying Bashneft
Tuesday, December 09, 2014 Russian tycoon Gennady Timchenko says he has no interest in buying independent oil firm Bashneft.
Scottish Power, Egdon Give Go-Ahead To UK Shale Gas Project
Friday, December 05, 2014 Scottish Power and Egdon Resources have decided to move ahead with a joint project to explore and develop shale gas in Britain, after seismic data showed the potential for reserves.
Indonesia's Energi Mega to Refinance $170M Loan, Considers Acquisitions
Friday, December 05, 2014 Indonesia's PT Energi Mega Persada hopes to refinance $170 million worth of loans by February next year and is considering acquisitions to raise its production, its top executive says.
PetroChina Teams Up With Sinochem To Tap Chinese Shale Gas
Thursday, December 04, 2014 PetroChina teams up with Sinochem to tap shale gas from five blocks in the southwest of China, the state-run companies said.
Interra Gets More Time to Acquire Indonesia's PT Benakat Barat Petroleum
Wednesday, December 03, 2014 Interra Resources reveals the timeline for the acquisition of Indonesia's PT Benakat Barat Petroleum has been extended to Dec. 10.
Israel's Delek Group Buying Shares In Foreign Energy Companies
Wednesday, December 03, 2014 Delek Group buys $170 million worth of shares in foreign oil and gas companies.
Argentina Shale Sees Investment Inflows Despite Oil Price Slump
Monday, December 01, 2014 Royal Dutch Shell and Total will invest $550 million with Gas and Oil Neuquen (GyP), an energy company owned by the Argentine province of Neuquen, to develop two shale oil and gas pilot projects.
Weatherford Sells Chemicals, Drilling Fluids Units to Lubrizol
Monday, December 01, 2014 Oilfield services provider Weatherford International says Berkshire Hathaway Inc's Lubrizol Corp would pay $750 million in cash for two businesses that provide chemicals and drilling fluids for oil and gas production.
Dragon Oil Drops Petroceltic Takeover on Weak Oil Prices
Monday, December 01, 2014 Dragon Oil drops its takeover offer for Petroceltic due to weak market conditions.
EnerMech Forms JV with Abdulla Fouad Group to Boost Growth in Saudi Arabia
Friday, November 28, 2014 EnerMech inks joint venture agreement with Abdulla Fouad Group to expand operations in Saudi Arabia.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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 Mestiša, located at the south portion of the Campos Basin.
Rosneft, ExxonMobil to Continue Development of Arctic despite Sanctions
Monday, November 03, 2014 Analysts of the Russian Oil Union believe that an interest in the national Arctic shelf from global majors will continue to grow due to recent tightening of legislation for offshore oil production.
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.