News Topics: Company Mergers, Acquisitions, & JVs
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Argentina's YPF Extends Energy Deal With China's Sinopec To 2027
Friday, August 22, 2014 YPF and a subsidiary of Sinopec Group agree to extend their joint oil exploration and development projects in the western Argentine province of Mendoza until 2027.
Rosneft Signs Collaboration Deal with Seadrill, NADL
Friday, August 22, 2014 Rosneft signs a framework agreement with Seadrill and North Atlantic Drilling that will see the companies collaborate on oilfield projects.
Ezra's Shareholders Approve Consolidation of EMAS Marine into EOC
Wednesday, August 20, 2014 Ezra's shareholders approve consolidation of EMAS Marine into associate company EOC and Singapore listing.
MPM-Nam Cheong JV Secures $27M Contract to Supply Accommodation Work Vessel
Tuesday, August 19, 2014 The Marco Polo Marine-Nam Cheong joint venture secures a $27 million five-year contract to provide an accommodation work vessel, which will be built by Nam Cheong.
Sanctioned Rosneft's Norway Work Goes Ahead With Statoil
Monday, August 18, 2014 Kremlin-controlled Rosneft said it is working with Statoil to search for oil and gas off Norway, partnering a Western company despite sanctions.
Triple Energy Inks MoU for BSP to Invest $6M in Firm's CSG Project in China
Thursday, August 14, 2014 Triple Energy inks memorandum of understanding with Blue Sky Power for the latter to invest up to $6 million in the firm and its coal seam gas project in China.
Ambassador Gives Update on Takeover Offer by Magnum Hunter, Drillsearch
Thursday, August 14, 2014 Ambassador Oil & Gas provides an update on the takeover offer by Magnum Hunter Resources and Drillsearch Energy.
Brightoil Petroleum Buys Anadarko's China Unit For $1.05B
Monday, August 11, 2014 Brightoil Petroleum buys Anadarko Petroleum Corporation's China unit for $1.05 billion in a major push into the upstream segment.
Kinder Morgan To Fold Units Into One Company In $70B Deal
Sunday, August 10, 2014 Kinder Morgan said it will put all its publicly traded units under one roof in a $70 billion deal, responding to investor concerns about its growth prospects and complicated financial structure.
MEO to Pare Stake in Tassie Shoal Methanol & LNG Projects Offshore NT
Thursday, August 07, 2014 MEO Australia to trim stake in its Tassie Shoal Methanol and liquefied natural gas projects proposed for offshore Northern Australia.
Horizon Oil Terminates Merger Implementation Deed with Roc Oil
Tuesday, August 05, 2014 Horizon Oil terminates the merger implementation deed with Roc Oil following the offer to acquire the latter by Fosun International.
Paragon Completes Spin-Off from Noble
Monday, August 04, 2014 Paragon Offshore completes its spin-off from Noble Corporation into a separate, publicly-traded company that owns and operates standard specification offshore drilling rigs.
China's Fosun Agrees $441M Takeover of Australia's Roc Oil
Monday, August 04, 2014 Australia's Roc Oil accepts a $441 million takeover offer from Chinese conglomerate Fosun International, saying it was better than its plan to merge with Horizon Oil.
Nido's Directors Recommends Acceptance of Bangchak's Takeover Offer
Monday, August 04, 2014 Nido Petroleum's directors recommend that shareholders accept the offer by a unit of Thai oil refiner Bangchak Petroleum to acquire the firm.
Rosneft Closes Weatherford Rigs Deal
Friday, August 01, 2014 Rosneft closes a deal to acquire land drilling and work-over assets from Weatherford.
MX Oil Establishes Mexican Exploration Joint Venture
Friday, August 01, 2014 MX Oil establishes a joint venture with Geo Estratos to explore for hydrocarbons in Mexico.
Woodside Shareholders Block $2.68B Buyback from Shell
Friday, August 01, 2014 Woodside fails to win shareholder approval to buy back $2.68B of its shares from Shell, the company said after a vote.
Woodside's $2.68B Buyback from Shell Close to Failing
Thursday, July 31, 2014 Woodside's planned $2.68 billion share buyback from Shell is on the brink of failing, based on a count of votes mailed in ahead of a shareholder meeting.
Thai Bangchak to Buy Stake in Australia's Nido Petroleum
Thursday, July 31, 2014 Thai oil refiner Bangchak Petroleum's subsidiary signs a deal to buy a 19.66 percent stake in Australian oil-and-gas explorer Nido Petroleum Ltd for $20.7 million.
Tamarind, Blackstone Form $800M Venture for Upstream Projects in SE Asia
Thursday, July 31, 2014 Newly established Tamarind Energy, in partnership with Blackstone Energy, will focus on growing production and reserves from producing oil and gas fields in Southeast Asia.
Total Stops Buying Novatek Shares After MH17 Shot Down
Wednesday, July 30, 2014 France's Total stops buying shares in Novatek, but says it is still too early to gauge the impact of western sanctions against Russia.
Sources: Reach Energy Locks in Cornerstones for IPO
Thursday, July 24, 2014 Malaysia's Reach Energy, a special purpose acquisition company with no existing assets, locked in up to seven cornerstones for its $236.93 million IPO, two sources involved with the deal say.
Breitburn Energy To Buy QR Energy For $1.46B
Thursday, July 24, 2014 Breitburn Energy agrees to buy QR Energy in a deal to create one of the largest US oil producers structured as a master limited partnership.
BW Offshore Takes 100% Ownership of Petroleo Nautipa FPSO
Thursday, July 24, 2014 BW Offshore pays almost $60 million to take complete ownership of the Petroleo Nautipa FPSO vessel.
Ezion Sells Two Australian Subsidiaries to AusGroup for $44M
Thursday, July 24, 2014 Ezion Holdings inks agreement to sell its two Australian subsidiaries to AusGroup for $44 million.
Unipetrol Sees Positive Impact from Acquisition of Rafinerska Stake
Wednesday, July 23, 2014 Czech oil processing firm Unipetrol expects a $20-million positive impact from the pending acquisition of a 32-percent stake in Ceska Rafinerska by ENI.
Semco, PV Shipyard Set Up Vung Tau Rig Services to Serve Southeast Asia
Wednesday, July 23, 2014 Semco Maritime and PetroVietnam Marine Shipyard establish Vung Tau Rig Services to repair, refurbish and upgrade rigs in Southeast Asia.
Talisman Says Approached By Spain's Repsol About Deal
Wednesday, July 23, 2014 Talisman says it has been approached by Repsol, a day after a report that the Spanish oil producer was considering a bid for Canada's No. 5 oil company.
Swissco's Shareholders Approve Firm's Acquistion of Scott and English
Tuesday, July 22, 2014 Swissco's shareholders approve the company's $225 million acquisition of Scott and English Energy at an extraordinary general meeting.
Det Norske Sees 2Q Production Halve
Thursday, July 17, 2014 Det norske reports lower production for the second quarter but says that Marathon Oil Norge acquisition will make it one of Europe's largest independent companies.
Unique Maritime Secures Strategic Equity Investment from Blue Water Energy
Thursday, July 17, 2014 Unique Maritime Group secures strategic equity investment from Blue Water Energy in the United Arab Emirates-based company.
Rosneft, Petrobras Sign Natural Gas Accord For Brazil's Amazon
Monday, July 14, 2014 NK Rosneft' AOA signs an agreement with Petrobras to seek ways to sell natural gas trapped in Brazil's remote Amazon jungle, the companies say.
Whiting To Buy Kodiak For $3.8B, Create No. 1 Bakken Producer
Monday, July 14, 2014 Whiting Petroleum says it will acquire Kodiak Oil & Gas for $3.8B in stock, to become the largest producer in North Dakota's Bakken shale oil formations, eclipsing Harold Hamm's Continental Resources Inc.
Malaysia's Sumatec to Buy Borneo Energy for $250M
Friday, July 11, 2014 Malaysia's Sumatec agrees to buy Borneo Energy Oil and Gas for $250 million.
Roc Oil Draws a Second Acquisition Proposal, Denies Cliq Energy is a Bidder
Friday, July 11, 2014 Roc Oil receives a second proposal from an unnamed firm to acquire all the issued share capital of the Australian company.
Halliburton Forms Energy Joint Venture In China
Friday, July 11, 2014 Halliburton is entering its first joint venture in China that will use fracking to unleash energy.
Yinson Gets BW's Proposal on Full Ownership of FPSO Petroleo Nautipa
Thursday, July 10, 2014 Yinson Holdings gets proposal from BW Offshore on taking full ownership of floating production, storage and offloading vessel Petroleo Nautipa, now 50-50 owned by subsidiaries of both firms.
Ezra to Transfer Offshore Support Services Arm to EOC for $520M
Thursday, July 10, 2014 Ezra Holdings to transfer the firm's offshore support services arm EMAS Marine to its associate company EOC Limited for $520 million.
Inpex Ups Interest in Lucius Project in the US Gulf of Mexico
Wednesday, July 09, 2014 Inpex increases its participating interest in the Lucius deepwater project in the US Gulf of Mexico.
KKR To Form US Oil And Gas Joint Venture With Riverstone
Wednesday, July 09, 2014 KKR & Co LP and Riverstone Holdings will form a US oil and natural gas venture that would be one of the largest producers in the Barnett Shale in Texas.
Noble Spin-Off Paragon to Make Debt Offering
Monday, July 07, 2014
WestSide Recommends Shareholders Accept Landbridge's Takeover Offer
Friday, July 04, 2014 Australia's WestSide recommends that company's shareholders accept Landbridge's takeover offer.
Horizon Oil Recommends Shareholders Accept Merger with Roc Oil
Friday, July 04, 2014 Horizon Oil recommends that the firm's shareholders accept the merger with Roc Oil in the absence of a superior proposal.
Bloomberg: Occidental Middle East Stake Sale Hits Dead End
Thursday, July 03, 2014 Occidental fails to sell a stake in its Middle East business and now plans to sell some assets piece by piece, Bloomberg reported, citing people with knowledge of the matter.
Timeline for Sale of Indonesia's PT Benakat Barat Petroleum Extended
Thursday, July 03, 2014 Interra Resources reveals that parties to the sale of PT Benakat Barat Petroleum extended the timeline to complete the transaction.
Kvaerner, COOEC Form JV in China to Pursue EPC Projects Globally
Wednesday, July 02, 2014 Kvaerner and COOEC establish a joint venture firm in China, known as Kvaerner COOEC Engineering & Technology Ltd., to pursue engineering, procurement and construction contracts globally.
WestSide Tells Shareholders to Take No Action on Landbridge's Takoever Bid
Friday, June 27, 2014 WestSide Corporation recommends that its shareholders take no action with respect to Landbridge's takeover offer for the Australian firm.
Source: Gazprom in Talks to Buy Abu Dhabi's OMV stake
Thursday, June 26, 2014 Gazprom is in talks to buy's Abu Dhabi's 24.9% stake in Austrian oil and gas firm OMV, according to a source.
Pacific Radiance, CSP Set Up JV Firm to Serve Mexico's OSV Sector
Wednesday, June 25, 2014 Radiance Offshore Holdings and Consultoria y Servicios Petroleros establish a joint venture firm to manage and operate offshore support vessels for Mexico's offshore petroleum industry.