News Topics: Company Mergers, Acquisitions, & JVs
Results37 articles shown
MEO Cuts Costs, Rejects Mosman Oil and Gas' Revised Takeover Proposal
Friday, January 30, 2015 MEO Australia implements cost cutting measures and rejects a revised takeover proposal from Mosman Oil and Gas.
Chevron Teams Up with BP, ConocoPhillips in GOM Leases
Wednesday, January 28, 2015 Chevron announces it will work with BP and ConocoPhillips to explore and appraise 24 jointly-held offshore leases in the northwest portion of Keathley Canyon in the deepwater Gulf of Mexico.
Champlain Group Acquires Kane Kompany
Monday, January 26, 2015 CG completes the strategic acquisition of The Kane Kompany, Inc.
Arawak Terminates MENA Strategic Cooperation Agreement with Gulfsands
Monday, January 26, 2015 Arawak Energy terminates strategic cooperation agreement with Gulfsands Petroleum for the Middle East and North Africa.
Cue Energy Talks About Impact of Low Oil Price, NZOG's Involvement in Firm
Friday, January 23, 2015 Cue Energy informs shareholders about the impact of the sharp fall in oil price on the company and the emergence of New Zealand Oil and Gas as a major shareholder in the firm.
SKILLED Spurns Merger Proposal from Programmed Maintenance Services
Thursday, January 22, 2015 Australia's SKILLED Group spurns merger proposal from Programmed Maintenance Services.
MEO Tells Shareholders to Wait for its Recommendation on Mosman's Takeover
Tuesday, January 20, 2015 MEO Australia advises shareholders to refrain from acting on Mosman Oil and Gas's improved takeover offer for the firm pending its formal recommendation.
Gas2Grid Commences Technical Program at Malolos Oil Field in Philippines
Wednesday, January 14, 2015 Gas2Grid commences technical program to appraise and develop the Malolos oil field in Cebu, Philippines, while seeking a partner for the project.
Northcote Doubles Shoats Creek Stake with NAP USA Acquisition
Wednesday, January 14, 2015 US onshore-focused junior Northcote Energy agrees to buy NAP USA, increasing its interest in the Shoats Creek and Zink Ranch fields.
Sumatec Reduces Acquisition Price for Borneo Energy by $60M to $290M
Tuesday, January 13, 2015 Sumatec cuts acquisition price for Borneo Energy by $60 million to $290 million, with the purchase giving the former access to two oilfield in Kazakhstan, according to local media reports.
Alam Maritim, Vallianz Form JV Firm to Expand OSV Business in Malaysia
Tuesday, January 06, 2015 Alam Maritim and Vallianz Holdings set up a joint venture firm in Malaysia to grow their offshore support vessel business.
FT: RWE CEO Says Concerns Over DEA Sale Can Be Addressed
Monday, December 29, 2014 RWE is confident it can address concerns by the British government over the German utility's planned sale of its oil and gas company DEA to Russian tycoon Mikhail Fridman.
Russia's Rosneft to Create Joint Venture with Petrocas
Monday, December 29, 2014 Russia's Rosneft agrees to create a joint venture with Petrocas in logistics and retail sales in Caucasus.
Kommersant: BP Nears Deal on New Project with Russia's Rosneft
Wednesday, December 24, 2014 BP is close to a deal with Russian partner Rosneft for a new project that would expand its commitments in Russia, despite Western sanctions.
Oil Spin-Off Stocks Could Face Longer Road to Recovery
Wednesday, December 24, 2014 As falling oil prices have ripped through energy stocks this year, five U.S. corporate spin-offs in the sector have not escaped the share price carnage and face a tougher road to recovery than more-established companies.
Neon Energy Reimburses MEO Australia After Terminating Merger Proposal
Wednesday, December 24, 2014 MEO Australia confirms receipt of the reimbursement fee from Neon Energy after the latter terminated a merger implementation agreement with the firm.
Lukoil Sells its Stake in Venezuela Project to Rosneft
Tuesday, December 23, 2014 Russia's largest independent oil producer Lukoil says it has sold its 20-percent state in a consortium developing a large oil project in Venezuela to its Russian peer Rosneft.
Norway's North Energy to Review Options, Including Mergers
Tuesday, December 23, 2014 Norwegian oil exploration company North Energy will review its options and look at various alternatives as falling oil prices pose big challenges.
Afren Gets Preliminary Approach from Nigeria's Seplat
Monday, December 22, 2014 Africa-focused Afren receives a preliminary takeover approach from Nigerian oil and gas explorer Seplat Petroleum Development Company.
Whiting's Proven Oil-Equivalent Reserves Up About a Third in 2014
Monday, December 22, 2014 Whiting Petroleum Corp says its proven reserves of oil equivalent have jumped nearly a third over the past year, thanks largely to its buyout earlier this month of rival Kodiak Oil & Gas.
Rosneft Expansion Thwarted by U.S. Veto on Morgan Stanley Deal
Monday, December 22, 2014 The ambitions of Kremlin-controlled oil champion Rosneft to boost its global reach have been reined in by U.S. authorities, which torpedoed its acquisition of a Morgan Stanley oil trading business.
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.
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.
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.
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.
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.
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.
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.
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.
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.