Results50 articles shown
SeaOwl Acquires Thailand-based Ogas Solutions to Expand Business
Wednesday, August 31, 2016 SeaOwl acquires Thailand-based oil and gas solutions provider Ogas Solutions to expand its business globally.
Indonesia Encourages More Exploration, Development Activities in its Waters
Wednesday, August 31, 2016 Indonesia plans to boost oil and gas activities in its waters, inviting Malaysia to join Pertamina in exploration work, while seeking to speed up development of the East Natuna block.
Malaysia's Coastal Contracts Bullish on Entry into Indonesia's LNG Market
Tuesday, August 30, 2016 Malaysia's Coastal Contracts is optimistic about its impending entry into Indonesia's liquefied natural gas (LNG) market after acquiring PT Jaya Samudra Karunia Gas (JSK Gas) for $20.8 million.
Oil M&A Is Back as Industry Shifts From Survival to Growth
Friday, August 26, 2016 Multibillion-dollar oil and gas deals are back on the table.
Reach Energy Secures SCM's Approval to Buy Stake in Kazakh O&G Firm
Friday, August 26, 2016 Reach Energy secures Securities Commission Malaysia's (SCM) approval for its acquisition of a stake in Palaeontol B.V., which owns an onshore oil and gas block in Kazakhstan.
Kazakh KazMunayGaz Says Plans No New Offer For KMG EP
Thursday, August 25, 2016 KazMunayGaz has no immediate plans to make a new offer to the minority shareholders of its London-listed upstream unit.
Sembcorp Marine Acquires Remaining 15% Stake in PPL Shipyard for $115M
Wednesday, August 24, 2016 Sembcorp Marine acquires 15 percent interest in PPL Shipyard for $115 million, giving it full ownership of the Singapore yard.
Sparrows Group Partners with SapuraKencana in the Asian Pacific
Wednesday, August 24, 2016 New partnership extends Sparrow Group's presence in the Asian Pacific market to service both offshore and onshore Malaysia.
PDC Energy To Buy Two Privately Held Companies For $1.5B
Tuesday, August 23, 2016 PDC Energy said it would buy two privately held companies for about $1.5 billion to add acreage in the Delaware Basin in Texas.
ConocoPhillips Confirms FAR Holds Pre-Emption Right for Senegal Project
Tuesday, August 23, 2016 ConocoPhillips confirms that Australia's FAR holds a right of pre-emption over the former's sale of its stake in Senegal to Woodside for up to $430 million.
Singapore's Sembcorp Marine Acquires Norway's LMG Marin for $20M
Monday, August 22, 2016 Singapore’s Sembcorp Marine acquires Norwegian naval architectural firm LMG Marin for $20 million.
SPIE, Sparrows Group Form Oilfield Services Alliance
Thursday, August 18, 2016 Engineering firm Sparrows Group and SPIE Oil & Gas Services sign a global agreement to work in collaboration to support the energy sector.
Russian Oil Firm Sale Delay Seen Reflecting Kremlin Pre-Election Unease
Thursday, August 18, 2016 The Russian government's move to delay the sale of a stake in the Bashneft oil firm reflects Kremlin unease before the elections.
MMHE, EPIC Form JV to Provide Ship Repair Services at Kemaman in Malaysia
Wednesday, August 17, 2016 Malaysia Marine and Heavy Engineering (MMHE) and Eastern Pacific Industrial Corp. (EPIC) form a joint venture company to provide ship repair services at Kemaman, Terengganu, Malaysia.
Private Equity-Backed Siccar Point Makes First North Sea Oil Deal
Tuesday, August 16, 2016 Oil and gas venture Siccar Point acquires an 8.9% stake in the UK North Sea Mariner field from JX Nippon, the private equity-backed firm's first acquisition.
Russia's Yamal LNG Gets 780 Million Euros In July From Chinese Loans
Tuesday, August 16, 2016 The Novatek-led Yamal LNG project in Russia received financing in July worth about $878 million from China Development Bank and Export-Import Bank of China.
Only Special Russian Decree Could Bar Rosneft From Bashneft Sale
Monday, August 15, 2016 Russia's Economy Ministry advises Prime Minister Dmitry Medvedev he would have to issue a special decree if he wants to bar Rosneft from the privatization of a mid-sized energy group.
Europa Oil & Gas Completes Shale Petroleum UK Acquisition
Monday, August 15, 2016 Europa Oil & Gas (Holdings) plc completes the acquisition of Shale Petroleum (UK) Limited for a nominal consideration of $1.29 (GBP 1).
PBFX Announces Intent to Acquire Torrance Valley Pipeline Stake
Friday, August 12, 2016 PBFX enters into a letter of intent to acquire a 50% interest in Torrance Valley Pipeline Company LLC from an affiliate of PBF Energy Inc. for a total consideration of approximately $175 million.
GE, LTHE Ink MOU to Manufacture Subsea Manifolds for India's DW Projects
Friday, August 12, 2016 GE inks a memorandum of understanding with L&T Hydrocarbon Engineering (LTHE) for the manufacture of subsea manifolds for deepwater projects in India.
Subsea 7 Acquires Swagelining Limited
Wednesday, August 10, 2016 Subsea 7 S.A. acquires Swagelining Limited in an effort to further expand its existing polymer pipeline technology interests.
Russia Sticks To Estimates Of 20-30% Premium To Bashneft Mkt Cap
Friday, August 05, 2016 Russia's Economy Ministry is sticking to its earlier estimates that the government's stake in mid-sized oil producer Bashneft must be sold at a 20-30% premium to its market value.
Bashneft Stake Valued At Up To 315B Rbls For Privatization
Friday, August 05, 2016 The stake in Russian oil company Bashneft which is slated for privatization has been valued at between $4.54-4.82 billion.
M&A Picks Up Steam in the Midstream
Thursday, August 04, 2016 EagleClaw Midstream's acquisition of PennTex assets in the Permian Basin will increase workforce by more than 50%.
Indonesia's Pertamina Takes 24.53% Stake in France's Maurel & Prom
Wednesday, August 03, 2016 Indonesia's Pertamina acquires France's Maurel & Prom as part of a strategy to enhance its global upstream presence.
Russia's Bashneft Stake Preliminarily Valued At $3B
Wednesday, August 03, 2016 The Russian government's stake in oil company Bashneft is seen worth $3 billion, according to a preliminary valuation.
Skyland to Acquire Stake in Producing Sakha License in East Siberia
Tuesday, August 02, 2016 Skyland Petroleum signs agreement to acquire the unit of a private Russian company that holds a 100 percent stake in the producing Sakha License in East Siberia.
Malaysia's Coastal to Acquire 49% Stake in Indonesia's JSK Gas for $6.6M
Tuesday, August 02, 2016 Malaysia's Coastal Contracts to acquire 49 percent stake in Indonesia's PT Jaya Samudra Karunia Gas (JSK Gas) for $6.6 million as it ventures into the country's floating storage and regasfication business.
Transocean Buying Transocean Partners in $1.6B Deal
Monday, August 01, 2016 Analysts say acquisition is a step in the right direction, but not necessarily a "game changer."
Gulf Keystone Rejects DNO Offer
Monday, August 01, 2016 The board of Gulf Keystone has rejected DNO ASA's proposal to acquire the total share capital of the company, which it received by letter on July 28.
Russia's Rosneft, Venezuela's PDVSA Step Up Cooperation
Friday, July 29, 2016 Rosneft and Venezuela's state oil company PDVSA sign deals on offshore gas development and oil products trading.
Statoil Agrees $2.5B Brazilian Acquisition
Friday, July 29, 2016 Statoil ASA will acquire Petroleo Brasileiro S.A's 66% operated interest in the BM-S-8 offshore license, located in Brazil's Santos basin, for a total of $2.5 billion.
Galp Reaches Agreement to Sell 22.5% Stake in GGND
Friday, July 29, 2016 Galp Energia reaches an agreement with a consortium led by Marubeni to sell a 22.5% stake in the share capital of Galp Gas Natural Distribuicao, S.A. (GGND), for $153 million (EUR 138 million).
Petrobras Makes its Biggest Oil Field Sale Ever to Statoil at $15.1B
Friday, July 29, 2016 Petrobras makes its biggest oil field sale ever to Statoil in a major step to meeting a $15.1 billion divestment target as it works to cut leverage and reduce expenditures.
DNO Makes Offer for Gulf Keystone Petroleum
Friday, July 29, 2016 Norwegian oil and gas operator DNO ASA has unveiled a proposal to acquire all of the enlarged share capital in Gulf Keystone Petroleum for $300 million.
McDermott, N-KOM Signs MOU to Jointly Pursue EPCI Projects Offshore Qatar
Wednesday, July 27, 2016 McDermott inks a memorandum of understanding (MOU) to jointly pursue offshore engineering, procurement, construction and installation (EPCI) projects offshore Qatar with Nakilat-Keppel Offshore Marine (N-KOM).
Exxon's South Pacific Gas Grab Derided By InterOil's Founder
Tuesday, July 26, 2016 InterOil's founder and third-largest investor says ExxonMobil's $3.6 billion offer for the South Pacific natural gas driller is "vastly inadequate" and he urged ExxonMobil to sweeten the offer.
Kremlin: There is 'Understanding' Rosneft Should Not Buy Stake in Bashneft
Friday, July 22, 2016 Kremlin says that there is an 'understanding' in the Russian government that state-owned oil firm Rosneft should not take part in the privatisation of rival Bashneft.
NauticAWT, ENRA Sets Up JV to Tap Business Opportunities in Malaysia
Friday, July 22, 2016 NautiAWT forms a joint venture, ENRA NauticAWT, with ENRA Oil and Gas Services to tap business opportunities in Malaysia.
China's CNEML Completes $220M Acquisition of a 51% Stake in Sino Gas Energy
Thursday, July 21, 2016 China New Energy Mining Ltd. completes the $220 million acquisition of a 51 percent stake in Sino Gas Energy, which is the operator of Linxing and Sanjiaobei Production Sharing Contracts in China's Ordos Basin.
Oil Search Won't Counter Exxon Bid For Gas Explorer InterOil
Thursday, July 21, 2016 Oil Search declines to submit a counteroffer for Papua New Guinea-focused gas explorer InterOil, leaving Exxon Mobil Corp. to wait and see if Total will challenge its bid alone.
Malaysia's Reach Energy Moves Nearer to its First Upstream Asset Purchase
Wednesday, July 20, 2016 Malaysia's Reach Energy receives approval from the authorities to acquire a 60 percent stake in Palaeontal B.V., giving it ownership of an onshore block in Mangistau Oblast in Kazakhstan.
Total Seen Unlikely to Fight ExxonMobil over South Pacific Gas
Wednesday, July 20, 2016 French oil and gas producer Total is unlikely to take on ExxonMobil in a bidder war for explorer InterOil Corp, analysts say.
Halliburton Posts Loss Hurt by Baker Hughes Deal Termination Fee
Wednesday, July 20, 2016 The world's number two oilfield services firm, Halliburton, posts a quarterly loss due to the $3.5-billion fee it paid for terminating a deal to buy rival Baker Hughes.
Even The Losers May Win As Exxon Outbids Partner For PNG Gas
Tuesday, July 19, 2016 Being outbid by Exxon Mobil Corp. for prized Papua New Guinea natural gas assets might actually be a good thing for Oil Search Ltd.
Unique Acquires Singapore-based Oceanvision to Expand Business
Tuesday, July 19, 2016 Unique Group acquires Singapore-based Oceanvision as part of its business growth strategy.
Oil Search Says Exxon Makes 'Superior' Bid for PNG's InterOil
Monday, July 18, 2016 ExxonMobil offers superior bid for InterOil, according to Oil Search, which is also in the running for large natural gas reserves in Papua New Guinea and the possibility to export the fuel from the Pacific nation.
Ezion, PIO Form JV to Suport Development, Production Work by NOC
Friday, July 15, 2016 Singapore's Ezion Holdings and Pacific International Offshore form a joint venture to provide assets to support development and production work by a national oil company.
Oil Firm Det Norske Looking for More Deals in 'Very Interesting' Market
Thursday, July 14, 2016 Norway's Det norske sees scope for further transactions after its planned merger with BP's Norwegian business.
Australia's Oil Basins Inks Deal with Ochre Group for Financing Support
Wednesday, July 13, 2016 Australia's Oil Basins inks agreement for Ochre Group Holdings to provide advice and financing in developing its upstream portfolio.
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