News Topics: Company Mergers, Acquisitions, & JVs
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Drillsearch, QGC Agree New Terms for ATP 940P in Cooper Basin
Monday, March 10, 2014 Drillsearch Energy and QGC agree new terms for ATP 940P Cooper Basin Shale and Tight Gas Joint Venture in central Australia.
Landbridge Makes Unsolicited Takeover Bid for Westside
Monday, March 10, 2014 Landbridge makes an unsolicited takeover bid for Westside Corp., a coal seam gas producer with significant uncontracted gas reserves and exploration interests in Queensland, Australia.
Swissco Buys MODU, Service Rigs Provider Scott and English Energy for $225M
Monday, March 03, 2014 Swissco Holdings enters the offshore rig chartering business by acquiring Scott and English Energy for $225 million.
Repsol Seeking Upstream Buys After Argentina Settlement
Wednesday, February 26, 2014 Repsol says it was on the lookout for acquisitions to boost its E&P business following the bruising loss of its Argentine energy arm two years ago.
Mermaid Marine Australia to Acquire Jaya Holdings for $495M
Tuesday, February 25, 2014 Jaya Holdings agrees to sell its entire business to Mermaid Marine Australia Limited for around $495 million.
Repsol to Make 1.3B Euro Provision over YPF
Friday, February 21, 2014 Spanish oil major Repsol says it will book a $1.8-billion impairment charge in its 2013 results after writing down the value of shares in YPF expropriated by the Argentine government.
Turkey's TPAO Says In Talks With Exxon, OMV, MOL For Joint Oil Exploration
Wednesday, February 19, 2014 Turkey is holding talks with international oil companies for joint oil exploration in Black Sea, the head of state-owned exploration firm TPAO says.
Seadrill Finalizes PEMEX Contracts, Unveils Joint Venture
Tuesday, February 18, 2014 Seadrill finalizes drilling contracts with PEMEX and establishes a joint venture to own and manage jackups working offshore Mexico.
SapuraKencana, GE Form Joint Venture in Malaysia
Tuesday, February 11, 2014 SapuraKencana and GE form a joint venture company in Malaysia.
Altona Inks MOU with Sino-Aus Energy, Wintask for Arckaringa Project
Monday, February 10, 2014 Altona Energy inks a memorandum of understanding with Sino-Aus Energy and Wintask for investment in the Arckaringa project in South Australia.
Baytex to Buy Australia's Aurora Oil & Gas at Big Premium
Friday, February 07, 2014 Canada's Baytex Energy Corp agrees to buy Aurora Oil & Gas for $2.4 billion.
Wood Group Kenny, TRAC to Offer Joint Services in Australia
Friday, February 07, 2014 Wood Group Kenny and TRAC Oil & Gas sign a memorandum of understanding to offer joint services in Australia.
GE, Chevron Launch Technology JV to Solve Oil, Gas Issues
Monday, February 03, 2014 The new Chevron-GE Technology Alliance is one of a flurry of deals announced at this year's GE Oil & Gas Annual Meeting in Florence.
Halliburton Partners with Russian University on Shale Development
Monday, February 03, 2014 US oilfield service company Halliburton partners with Gubkin Russian State University of Oil and Gas to develop Russia's unconventional resources.
ONGC, Mitsui Sign MOU to Jointly Explore, Produce Hydrocarbons Globally
Monday, January 27, 2014 ONGC and Mitsui sign a memorandum of understanding for cooperation in the exploration and production of conventional and unconventional petroleum and natural gas opportunities in India and third countries.
Pemex CEO: Russia's Lukoil, Mexico's Pemex to Sign Cooperation Memorandum
Friday, January 24, 2014 Mexico's Pemex is to sign a cooperation deal with Russia's Lukoil Friday.
Japan's Chubu, Mitsui in Energy Tie-ups With India Firms
Friday, January 24, 2014 Chubu Electric Power and Mitsui are set to sign memorandums of understanding with Indian firms to cooperate in the energy sector, industry sources say.
Rose Acquires German Onshore Licenses
Tuesday, January 21, 2014 Rose Petroleum acquires the Konstanz and Biberach licenses in southwest Germany through the purchase of Parkyn Energy Germany.
Coastal Energy Completes Merger With Cepsa's Unit
Monday, January 20, 2014 Coastal Energy discloses that the company's merger with Cepsa's unit Condor Acquisition has been successfully completed.
Rawson Resources to Increase Stake in Otway Energy to 100%
Friday, January 17, 2014 Rawson Resources enters into an agreement to raise its stake in Otway Energy, operator of permits PEL 154 and PEL 155 in South Australia's Otway Basin, to 100 percent.
MTQ to Grow Business Through Acquisition of Binder for $17.2M
Wednesday, January 15, 2014 MTQ Corporation agrees to acquire Australia-based designer and manufacturer of pipe support and pipe suspension solutions Binder Group for $17.2 million.
Petrovietnam Denies Suspending Venezuela Crude Oil Project
Wednesday, January 15, 2014 State oil firm Petrovietnam says it is going ahead with an oil exploration joint venture in Venezuela despite media reports of a suspension.
Indonesian Government Gives Nod for Pertamina to Acquire PGN
Monday, January 13, 2014 The Indonesian government accepts a proposal by Pertamina to acquire the country's gas distribution and transportation firm Perusahaan Gas Negara, according to a local news agency.
PLS: Eagle Ford Tops 2013 US O&G Deals Despite Overall Deal Decline
Monday, January 13, 2014 The Eagle Ford was home to the greatest transactions values in 2013, while overall upstream O&G deals declined.
Amec Agrees to buy Foster Wheeler for $3B
Monday, January 13, 2014 Amec has agrees to buy Swiss-based rival Foster Wheeler for $3.13 billion, the first sizable acquisition in the sector for three years.