News Topics: Company Mergers, Acquisitions, & JVs

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Mexican Oil Regulator Approves First Onshore Joint Venture Projects
Friday, April 28, 2017 Mexico's first two onshore oil and gas projects to be developed by joint ventures between state-owned Pemex and new partners were approved.

BP Sells Stake in China Petrochemical Venture to Sinopec for $1.7 Bn
Thursday, April 27, 2017 The sale represents BP's first major divestment of a year in which it expects to sell assets worth between $4.5 billion and $5.5 billion this year.

Dow Chemical Boosts Plastics Sales Ahead of Merger and Split
Thursday, April 27, 2017 Dow Chemical Co. first-quarter sales from plastics jumped, demonstrating continued strength in a business that will be the core of a new company following a historic merger with DuPont Co. and subsequent three-way split.

Chevron to Sell Bangladesh Companies, Workforce Implications Unknown
Monday, April 24, 2017 Chevron Corporation's wholly-owned subsidiary, Chevron Global Ventures Ltd., enters into an agreement to sell the shares of its wholly-owned indirect subsidiaries operating in Bangladesh.

HSBC Wins Mandate On $100B Saudi Aramco IPO
Monday, April 24, 2017 HSBC Holdings Plc has been formally mandated as an adviser on the initial public offering of Saudi Arabia's national oil giant Aramco.

Aker Owner Roekke Says Aker Solutions, Kvaerner May Do M&A In 2017
Friday, April 21, 2017 Norwegian billionaire investor Kjell Inge Roekke aims to change the ownership of one of more of his companies in the oil services industry this year.

Israel's Delek Says Ithaca Shareholders Approve Takeover Bid
Friday, April 21, 2017 Israel's Delek Group says its offer to take over North Sea oil producer Ithaca Energy has been accepted by Ithaca's shareholders.

1Q Oil, Gas M&A Deals Hit Record $73 Billion
Thursday, April 20, 2017 Investors enter 2017 with renewed enthusiasm for oil and gas deals, pushing transaction value 160 percent above last year, but that excitement may be on the wane.

Vedanta, Cairn India Merger Takes Effect
Wednesday, April 12, 2017 Vedanta Limited and Cairn India Limited announce that the merger of Cairn India with Vedanta has become effective.

BHP Rejects Elliott's Overhaul Proposals As Flawed, Costly
Wednesday, April 12, 2017 BHP Billiton says a minor shareholder's proposal to overhaul its corporate structure and spin off its US oil division was flawed.

Petronas Pitches $1B Offshore Gas Project Stake To Oil Firms
Monday, April 10, 2017 Petronas has pitched an estimated $1 billion stake in a prized upstream local gas project to potential bidders including Royal Dutch Shell and ExxonMobil Corp.

Aker Completes Reinertsen Purchase, Will 'Help Secure Jobs'
Friday, April 07, 2017 Aker Solutions completes the acquisition of oil-services provider Reinertsen, which will help secure jobs in central Norway in the long term, according to Reinertsen Deputy CEO Thomas Reinertsen.

Unite Repeats Calls for Job Transparency in Wood Group, Amec Deal
Thursday, April 06, 2017 UK union Unite repeats calls for transparency on jobs following the takeover of oil and gas operator Amec Foster Wheeler plc by Wood Group plc.

Bank Exec Sees Return to Robust US Oilfield Chemicals M&A
Monday, April 03, 2017 Uptick in industry activity could signal "new window" of opportunity for deals, says chemical M&A expert.

SNC-Lavalin Steps Up Deal Push With $2.6 Billion Atkins Bid
Monday, April 03, 2017 SNC-Lavalin Group Inc. is holding talks to buy WS Atkins Plc of the UK for 2.08 billion pounds ($2.6 billion).

Lekoil, GE Sign Ogo Field MoU
Monday, April 03, 2017 Lekoil Limited signs a Memorandum of Understanding with GE Oil & Gas for the development of a work program for the Ogo field, located in OPL310 offshore Nigeria.

Iraq, Lukoil's Trading Arm To Form Marketing Venture, Ministry Says
Monday, April 03, 2017 Iraq's state-oil marketer SOMO and the trading arm of Russia's Lukoil agree to form a joint crude marketing venture, the Iraqi Oil Ministry website reports.

CNOOC Ties Up With Australia's FAR To Hunt For Oil, Gas Off West Africa
Friday, March 31, 2017 CNOOC Ltd agrees to team up with Australian minnow FAR Ltd to look for oil and gas prospects in what is seen as a promising frontier off Senegal and Gambia over the next 2 years.

Rosneft-Led Deal To Buy India's Essar Delayed, Seen Closing In April
Friday, March 31, 2017 The purchase of Indian refiner Essar Oil by a consortium led by Russian oil company Rosneft has been delayed.

Petronas, Pavilion Energy To Collaborate On LNG Supply And Trading
Friday, March 31, 2017 Malaysian state-owned Petronas will collaborate with Singapore's Pavilion Energy in trading liquefied natural gas (LNG).

Petrochina Says Will Consider Aramco IPO Based On Market Conditions
Thursday, March 30, 2017 PetroChina says it will consider taking part in national oil giant Saudi Aramco's initial public offering based on market conditions.

Genel Targets Turkey Gas Deal This Year To Overcome Oil Troubles
Thursday, March 30, 2017 Genel Energy expects to strike a gas-export partnership deal with Turkey Energy Company this year, as it tries to overcome setbacks in oil exploration.

ConocoPhillips Sells Oil Sands, Gas Assets to Cenovus in C$17.7B Deal
Wednesday, March 29, 2017 Cenovus will double its production and reserves through deal to buy ConocoPhillips' interest in Foster Creek Christina Lake oil sands partnership and its western Canada Deep Basin gas assets.

Schlumberger Says Bought Stake In Rig Firm Borr Drilling
Tuesday, March 28, 2017 Schlumberger buys a stake in upstart rig operator Borr Drilling.

Iran's Rouhani Signals Expansion In Energy Cooperation With Russia
Monday, March 27, 2017 Iranian President Hassan Rouhani says Tehran welcomes Russian investment in its gas and oil fields, signalling major developments in energy cooperation between the 2 countries.

Top Asian LNG Buyers Form Alliance To Push For Flexible Contracts
Thursday, March 23, 2017 3 of Asia's top buyers of liquefied natural gas (LNG) agree to work together to secure more flexible contracts when buying the commodity.

HITS JIP Helps EM&I Increase Employment Opportunities
Tuesday, March 21, 2017 A Hull Inspection Techniques and Strategies (HITS) joint industry project, led by EM&I Group, has led to a number of new innovations which have increased employment opportunities throughout the company.

Ownership Of Norway's Nyhamna Gas Export Plant To Expand
Friday, March 17, 2017 The ownership of Norway's Nyhamna gas-processing plant could expand to 13 companies this year, from 5 now, when Gassco succeeds Royal Dutch Shell as the facility's operator.

Unite Expresses Concern Over Possible Forties Pipeline System Sale
Friday, March 17, 2017 UK union Unite expresses concern over the possible sale of the Forties Pipeline System from BP plc to Ineos.

Unite Demands Full Disclosure from Wood Group, Amec on Employment Plans
Tuesday, March 14, 2017 The UK's Unite union demands full disclosure from Wood Group and Amec Foster Wheeler on any employment plans that are part of a recently announced takeover.

Wood Group Buys Amec Foster For $2.7B To Target Oil Upturn Benefits
Monday, March 13, 2017 Wood Group has agreed to buy rival Amec Foster Wheeler for $2.7 billion, seeking rewards from the fast-growing U.S. shale energy sector.

Noble to Lay Off Workers Following Clayton Williams Acquisition
Monday, March 13, 2017 Following its acquisition of Clayton Williams Energy, Noble Energy will close Clayton's Midland office, resulting in the possible layoffs of almost 200 employees.

Shell Expects To Split Motiva Assets With Saudi Aramco In 2Q
Tuesday, March 07, 2017 Shell Oil Co, the US unit of Royal Dutch Shell, expects to divide the refineries and other assets of its Motiva Enterprises venture with co-owner Saudi Aramco in 2Q.

Techniques Training to Offer Course in West Africa
Monday, March 06, 2017 Techniques Training International aligns with Murchison Drilling Schools to offer courses in West Africa.

Macquarie To Buy Cargill's Global Oil Business
Monday, March 06, 2017 Australian bank Macquarie Group Ltd is planning on buying Cargill Inc's global oil business, according to people familiar with the matter.

China's Largest 'Teapot' Refiner, CEFC Team Up In Oil Terminal Venture
Friday, March 03, 2017 Dongming Petrochemical signs a deal with privately run CEFC China Energy, and a local port authority, to build a crude oil terminal in Shandong province.

India's GAIL Signs 1st Time-Swap Deal For U.S. LNG With Gunvor
Friday, March 03, 2017 State-run gas company GAIL (India) Ltd signs a time-swap deal with Swiss trader Gunvor to sell some of its U.S. liquefied natural gas (LNG).

Total, Petrobras Seal Strategic Alliance with 'Definitive Contracts'
Wednesday, March 01, 2017 Total and Petrobras sign 'definitive contracts', sealing a strategic alliance between the 2 companies and creating new partnerships in the upstream and downstream sectors.

Pertamina Looks For Partner To Take Majority Stake In Bontang Refinery
Tuesday, February 28, 2017 Indonesia's state oil company Pertamina looks to find a partner to take a majority stake in a proposed refinery to cost more than $10 billion in Bontang, East Kalimantan.


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