Results50 articles shown
Struggling Oil Services Urged to Act as Capital Squeeze Looms
Friday, November 27, 2015 Oil service companies struggling with a slump in demand will need to act fast to bolster their balance sheets and make deals before capital becomes scarce, Norway's largest bank says.
Dynamic Oil, Gas Environment in Australia Delivers M&A Opportunities
Wednesday, November 25, 2015 Increased merger and acquisition deals involving leading Australian oil and gas companies recently is a result of more than just a decline in oil price, analysts told Rigzone.
Genel, New Age in $2 Billion Merger Talks
Wednesday, November 25, 2015 Genel Energy is in the early stages of merger talks worth more than $2 billion with New Age African Global Energy, according to Sky News.
Ophir Energy Said to Receive Merger Interest amid Oil Slump
Wednesday, November 25, 2015 Africa-focused Ophir Energy receives informal takeover/merger interest from several parties, according to Bloomberg sources.
Directors Recommend Rockhopper, FOGL Merger
Tuesday, November 24, 2015 Board directors at Rockhopper Exploration and Falkland Oil and Gas recommend that the two companies merge.
NuEnergy Completes Acquisition of Dart Energy (Indonesia) Holdings
Monday, November 23, 2015 Australia's NuEnergy completes acquisition of Dart Energy (Indonesia) Holdings, gaining control of the latter's coal bed methane assets in Sumatra and Kalimantan in Indonesia.
Poland's PGNiG Eyes Iran's Oil and Gas Market
Monday, November 23, 2015 Polish gas distributor is looking at various options in oil and gas exploration and production in Iran.
Eni Sells Remaining Stake In Galp
Friday, November 20, 2015 Eni has sold its remaining 4% stake in Portugal's Galp Energia raising $348 million, Eni said.
Genel Energy Plans Joint Gas Company in Iraqi Kurdistan
Friday, November 20, 2015 Genel Energy Plc plans to establish a joint company with the Iraqi Kurdish government to develop gas fields, its chairman said on Friday.
Suncor and Canadian Oil Sands CEOs Both Say They’ve Won
Friday, November 20, 2015 The CEOs of Suncor Energy and Canadian Oil Sands both say they’ve got votes on their side as the nation's top crude producer promotes a hostile takeover bid for its smaller rival.
NGI, UT-Austin Sign Agreement on Geotechnical Engineering Cooperation
Thursday, November 19, 2015 NGI and UT aim to further research in geotechnical engineering with their new MoU.
Shell-BG Merger Takes Another Step Forward After Securing ACCC Clearance
Thursday, November 19, 2015 Shell's proposed acquisition of BG takes another step forward after getting clearance from the Australian Competition and Consumer Commission.
Energy Banking Group Scooped Up In Multi-Million Dollar Deal
Wednesday, November 18, 2015 Century old investment bank buys Houston-based energy specialists Simmons & Company International in $139 million deal.
API, ANGA Combine Forces
Wednesday, November 18, 2015 Following approval of both boards of directors, the American Petroleum Institute and America's Natural Gas Alliance announced the two organizations will combine into a single trade association.
RIA: Russia's Rosneft in Talks to Allow China into Offshore Arctic Projects
Monday, November 16, 2015 Russia's Rosneft is in talks with Chinese companies to allow them to take part in its offshore Arctic projects, the RIA news agency quoted Russian Deputy Energy Minister Anatoly Yanovsky as saying.
Premier Sells its Norwegian Business to Det Norske Oljeselskap
Monday, November 16, 2015 UK firm Premier Oil sells its entire Norwegian business to Det norske oljeselskap for $120 million.
Oil Dealmakers Find Slim Pickings Among Premium-Priced Explorers
Monday, November 16, 2015 Wannabe dealmakers in the oil industry are stymied by a fundamental problem: there's a mismatch between the price of crude and the value of companies.
HHI, Saudi Aramco to Collaborate on Business Opportunities in Saudi Arabia
Friday, November 13, 2015 Hyundai Heavy Industries and Saudi Aramco sign a memorandum of understanding to collaborate on business development opportunities in Saudi Arabia.
Speedcast Acquires ST Teleport to Strengthen Business Role in Asia Pacific
Friday, November 13, 2015 Speedcast acquires Singapore's ST Teleport to strengthen its position as a satellite telecommunications services provider to the oil and gas sector in Asia Pacific.
Major Oil Companies Have Half-Trillion Dollars to Fund Takeovers
Thursday, November 12, 2015 The world's six largest publicly traded oil producers have more than a half-trillion dollars in stock and cash to snap up rival explorers.
MOL Signs Agreement to Acquire Eni Slovenia
Wednesday, November 11, 2015 MOL signs an agreement with Eni International B.V. for the acquisition of the entire share capital of Eni Slovenia.
Anadarko Confirms Apache Rejected An All-Stock Offer
Wednesday, November 11, 2015 Anadarko confirms an offer it made to buy fellow oil producer Apache has been rejected.
Hibiscus Petroleum Plans to Acquire Hydra Energy to Grow Oil Resource Base
Wednesday, November 11, 2015 Malaysia's Hibiscus Petroleum plans to acquire 100 percent stake in Hydra Energy as it tries to grow its oil resource base.
Bowleven Operating Loss Widens, Pledges 'Significant' Activity in 2016
Tuesday, November 10, 2015 Bowleven's operating loss widens to $87.8 million as the company pledges to carry out "significant" operational activity in 2016.
Oil Majors See Low Prices Persisting For Months Ahead
Tuesday, November 10, 2015 The global oil glut is likely to take longer than expected to clear and may depress oil prices for many more months if not years despite steep investment cuts and project cancellations around the world.
Apache Said to Get Takeover Approach for $18B Company
Monday, November 09, 2015 Apache, the oil and natural gas company worth more than $18 billion, has received an unsolicited takeover approach, according to people familiar with the matter.
Maersk Oil to Acquire 50% of Africa Oil's Interests in Kenya, Ethiopia
Monday, November 09, 2015 Maersk Oil & Gas will acquire 50% of Africa Oil's interests in blocks 10BB, 13T and 10BA in Kenya and the Rift Basin and South Omo blocks in Ethiopia.
Exxon, Total Join Forces To Drill Uruguay's First Offshore Well
Monday, November 09, 2015 ExxonMobil acquires a 35% stake in an oil block off Uruguay's coast, teaming up with Total to spud the country's first offshore exploratory well, state oil firm ANCAP says.
SacOil to Join Bioko Oil Terminal Partners
Monday, November 09, 2015 SacOil will join the consortium of Taleveras Group, Gunvor Group and the Strategic Fuel Fund to develop the Bioko Oil Terminal tank farm in Equatorial Guinea.
Sterling Energy Seeks Growth Following EBITDAX Loss
Monday, November 09, 2015 Sterling Energy pledges to seek growth and build a "diverse exploration portfolio", following a loss of $2.11 million at the adjusted EBITDAX level in the third quarter of 2015.
Wood Mac Buys Infield Systems to Boost Upstream Offering
Monday, November 09, 2015 Wood Mackenzie is buying an oil and gas business intelligence firm Infield Systems.
Faroe Completes Roc Oil Acquisition
Friday, November 06, 2015 Faroe Petroleum completes its acquisition of Roc Oil, boosting its stakes in the UK North Sea Blane and Enoch units to 30.5 percent and 13.9 percent respectively.
Russia's Rosneft Offers Japan Chance to Join East Siberia, Far East Project
Friday, November 06, 2015 Russia's Rosneft makes an offer to Japanese firms to join its projects in Siberia and the Far East.
Energy Firms Team Up to Cut North Sea Costs
Wednesday, November 04, 2015 Petrofac, Faroe Petroleum and Eni Hewett establish a cost saving partnership to drive efficiencies and commercial synergies across their UK operations in the Southern North Sea.
Providence: SEL 1/11 License Extended
Tuesday, November 03, 2015 Providence Resources plc and Lansdowne Oil & Gas plc receive an extension for Standard Exploration Licence 1/11 located in the North Celtic Sea Basin, off the south coast of Ireland.
AEP to Proceed with Proportional Bid for Australia's Armour Energy
Monday, November 02, 2015 American Energy Partners to proceed with the proportional bid for Australia's Armour Energy after the latter's shareholders approved the proposal.
Oil Price Recovery Seen as Downturn Spurs M&A Activity
Monday, November 02, 2015 Global oil and gas acquisitions should accelerate heading into 2016 and a recovery in crude prices may follow, according to Sanford C. Bernstein & Co.
Brillio Expands Big Data Analytics Presence with Arundo Investment
Monday, November 02, 2015 Investment, partnership in Arundo Analytics will allow technology firm Brillio to expand presence in asset-heavy industries such as oil and gas.
GE Oil & Gas Agrees to Acquire Advantec
Friday, October 30, 2015 GE Oil & Gas agrees to acquire subsea services company Advantec for an undisclosed sum.
Duke Energy to Buy Piedmont to Boost Natgas Operations
Monday, October 26, 2015 Duke Energy Corporation plans to buy Piedmont Natural Gas Company for $4.9 billion in cash to help expand its natural gas distribution business.
Gazprom Signs Memorandum with OMV on Possible Oil Supplies
Friday, October 23, 2015 Gazprom signs a memorandum of understanding with Austrian energy group OMV on the supply of oil.
Beach Energy Agrees to Buy Drillsearch for $277 Million
Friday, October 23, 2015 Beach Energy agrees to pay $277 million in stock to acquire Drillsearch Energy to increase its exposure to energy assets in Australia's Cooper Basin.
Australia Flags Concerns on $35B Halliburton Bid for Baker Hughes
Friday, October 23, 2015 Australia's antitrust regulator raises concerns about Halliburton's proposed buyout of Baker Hughes, in another setback for a deal that has already hit competition snarls in the United States.
Australia Defers Decision On Shell's BG Bid By A Week To Nov 19
Thursday, October 22, 2015 Australia's competition watchdog says it has postponed a final decision on Shell's $70 billion takeover of BG by a week to Nov. 19, following an earlier deferral in September.
Scepter Said to Tap Ex-Santos Boss to Support $5.15B Bid
Thursday, October 22, 2015 Scepter Partners lines up Santos' oil and gas producer's former leader John Ellice-Flint to run the company, people familiar with the matter says.
Sound Energy Signs MOU with Schlumberger
Wednesday, October 21, 2015 Sound Energy signs a memorandum of understanding with Schlumberger Oilfield Holdings Limited to work together across Europe and Africa.
OMV Plans to Sell 49% Stake in Gas Connect Austria
Monday, October 19, 2015 Austrian oil and gas firm OMV plans to divest itself of up to 49-percent of its Gas Connect Austria business.
Canadian Oil Sands Rejects Suncor Hostile Takeover Offer
Monday, October 19, 2015 Canadian Oil Sands asks its shareholders to reject Suncor Energy's offer, saying it "substantially undervalued" the company and was "entirely opportunistic".
Technics Partners PT Elnusa for O&G Services Projects in Indonesia
Monday, October 19, 2015 Singapore's Technics Oil and Gas partners Indonesian oil and gas services firm PT Elnusa Fabrikasi Konstruksi for the latter's projects in Indonesia.
Occidental's North Dakota Deal Mixed Omen For Pending Oilfield Deals
Friday, October 16, 2015 Occidental Petroleum's move to sell its North Dakota acreage removes a logjam that had impeded US oilfield deals for much of the year, although the deal signals a buyers' market.
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