Results50 articles shown
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.
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.
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.
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.
Brazil Has No Plans to Privatize Petrobras, CEO Says
Monday, July 18, 2016 The Brazilian government has no plans to privatize state-run oil company Petroleo Brasileiro, and is deciding whether to sell its controlling shares, according to the firm's CEO.
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.
Sources: Exxon Tops Oil Search's Bid For InterOil
Wednesday, July 13, 2016 ExxonMobil tables an offer to buy InterOil topping the $2.2 billion deal from Australia's Oil Search, according to people familiar with the matter.
Thailand's PTTEP, Oman's OOCEP Sign MOU to Cooperate in Upstream Sector
Tuesday, July 12, 2016 Thailand's PTTEP and Oman Oil Co. Exploration and Production sign a memorandum of understanding to cooperate in the upstream sector.
Rosneft Privatization Advisor Proposes To Sell Stake To Strategic Investor
Monday, July 11, 2016 Italian bank Intesa Sanpaolo is proposing to sell the stake in Rosneft to a strategic investor, head of Russia's state property management agency Dmitry Pristanskov said.
Shell CEO Says Interested In Yuzhno-Kirinskoye Field
Monday, July 11, 2016 Royal Dutch Shell is interested to take part in developing Russia's Yuzhno-Kirinskoye field, Chief Executive Ben van Beurden told Russia's Vedomosti daily newspaper in an interview.
PetroVietnam Gas, Tokyo Gas May Establish LNG JV in Vietnam
Monday, July 11, 2016 Tokyo Gas plans to partner PetroVietnam Gas in a liquefied natural gas (LNG) joint venture in Vietnam.
Transerv, Norwest Join Hands to Drill Xanadu Prospect in Perth Basin Off WA
Monday, July 11, 2016 Transerv Energy forms strategic alliance with Norwest Energy to facilitate the farmout and drilling of the Xanadu Prospect in the TP-15 license in the Perth Basin off Western Australia.
Sound Energy Receives Interest for Tendrara Development Funding
Thursday, July 07, 2016 Sound Energy receives interest from Oil & Gas Investment Fund with regards to funding a new pipeline development on the Tendrara license.
Keppel, Shell Form Singapore LNG Bunkering Joint Venture
Thursday, July 07, 2016 Keppel Corp Ltd enters into an agreement with Royal Dutch Shell to form a joint venture company, which will establish a liquefied natural gas (LNG) bunkering business in Singapore.
Dana Petroleum Raises Concerns Over EnQuest North Sea Discovery
Tuesday, July 05, 2016 Dana Petroleum Limited has raised concerns over EnQuest's recently drilled Eagle exploration well in the central North Sea.
Ezra Sells 80% Interest in Lewek EMAS FPSO to PetroFirst for $166.35M
Monday, July 04, 2016 Singapore's Ezra agrees to sell stake 80 percent stake in PV Keez, owner of the Lewek EMAS floating production storage and offloading vessel, to PetroFirst Infrastructure 2 for $166.35 million.
Ezion, Sinotrans & CSC Form JV to Tap China's Offshore Wind Farm Market
Friday, July 01, 2016 Singapore's offshore services firm Ezion Holdings forms joint venture with Sinotrans & CSC Holdings to tap opportunities in China's offshore wind farm market.
Rawson's Unit Acquires Moira, Gains Stake in PPL 391 in Papua New Guinea
Friday, July 01, 2016 Rawson Resources' unit inks deal to acquire Moiro Ltd., giving it ownership of petroleum prospecting license (PPL) 391 in Papua New Guinea's North New Guinea Basin.
Bapex Partners Santos in First Offshore Venture in Bangladesh's Block 16
Friday, July 01, 2016 Bangladesh Petroleum Exploration and Production Co. partners Australia's Santos for its first venture into offshore oil and gas exploration in the South Asian country.
Nigeria Signs $80B Of Oil, Gas Infrastructure Deals With China
Thursday, June 30, 2016 Nigeria signs oil and gas infrastructure agreements worth $80 billion with Chinese companies.
Pilot Energy Seeks Partner for Exploration Permit WA-507-P Off Australia
Thursday, June 30, 2016 Pilot Energy seeks partner for exploration permit WA-507-P in the Northern Carnavon Basin off the Northwest Shelf of Australia.
Sembcorp Marine Acquires 50% Stake in KANFA Aragon from Sevan Marine
Wednesday, June 29, 2016 Sembcorp Marine acquires 50 percent stake in process solutions and services provider KANFA Aragon from Sevan Marine for $2.36 million.
Abu Dhabi Plans Merger Of Sovereign Funds Mubadala And IPIC
Wednesday, June 29, 2016 Abu Dhabi plans to merge two of its largest sovereign investments funds as the sheikhdom pursues consolidation in the financial-services industry after the slump in oil prices.
Turkish PM Says Too Early To Talk About Gas Deals With Israel
Monday, June 27, 2016 Normalising political and diplomatic ties with Israel will be the priority in implementing a deal between the two countries says Turkish Prime Minister Binali Yildirim.
CITIC Resources, ITOCHU Sign MOU to Collaborate on E&P Projects
Wednesday, June 22, 2016 CITIC Resources and Japan's ITOCHU Corp. sign a memorandum of understanding to collaborate on upstream oil and gas exploration and production projects.
OneSubsea Secures Zohr EPC Contract
Tuesday, June 21, 2016 OneSubsea secures an engineering, procurement and construction contract for the first stage of the Zohr gas field, totaling more than $170 million, from Belayim Petroleum Company (Petrobel).
MIE Shareholders Approve $220M Sale of Sino Gas Energy to China's CNEML
Tuesday, June 21, 2016 MIE Holdings Corp.'s shareholders approve a $220 million sale of a 51 percent interest in Sino Gas Energy Ltd., the operator of two coal bed methane blocks in China's Ordos Basin, to China New Energy Mining Ltd.
EY: Private Equity Warms Up To Oil Deals With $1T Warchest
Tuesday, June 21, 2016 The world's private equity funds, with a cash pile of around $1 trillion, are stepping up their interest in the oil and gas industry, with almost a half expecting to buy assets in the sector over the next year, a survey shows.
Marathon Oil Deal Latest Big Oklahoma Bet by U.S. Drillers
Monday, June 20, 2016 Oil and gas producer Marathon Oil Corp's plans to buy a small Oklahoma producer is the latest signal U.S. shale companies are pouncing on properties in the state's high margin STACK basin as the price of oil rebounds.
Energy Transfer CEO Feared Deal Would Cause 'Implosion'
Monday, June 20, 2016 Energy Transfer Equity LP CEO Kelcy Warren feared that pushing ahead with a merger with rival pipeline operator Williams Cos. after a plunge in oil prices would prompt analysts to downgrade the company and cause an "implosion."
Kremlin Says No Preferred Options For Rosneft Stake Sale
Monday, June 20, 2016 There are no preferred options for the sale of a stake in state-run Rosneft, says Kremlin spokesman Dmitry Peskov.
Putin Said To Weigh $11B Rosneft Sale To China And India
Monday, June 20, 2016 Vladimir Putin is considering selling part of Russia's corporate crown jewels to China and India as the president struggles to meet spending commitments before his possible re-election bid in less than two years.
Sinopec Serves $5.5B Arbitration Notice To Repsol
Friday, June 17, 2016 Chinese energy conglomerate Sinopec serves an arbitration notice to Spain's Repsol demanding around $5.5 billion in compensation over a 2012 joint venture.
Williams-ETE $20B Merger Heads to Courtroom Showdown
Friday, June 17, 2016 A high-stakes trial will open to determine if Dallas billionaire Kelcy Warren's Energy Transfer Equity can back out of a $20 billion agreement to buy rival pipeline operator Williams Cos Inc.
KazMunayGaz Offers To Buy Out Subsidiary's Minority Shareholders
Friday, June 17, 2016 Kazakhstan's national oil company KazMunayGaz will offer to buy out minority shareholders of subsidiary Kazmunaigas Exploration and Production.
Rosneft, BP Create New JV to Explore Russian Basins
Friday, June 17, 2016 Rosneft and BP sign final binding agreements to create a new joint venture, Yermak Neftegaz LLC, to conduct exploration in the West Siberian and Yenisey-Khatanga basins in the Russian Federation.
Petroceltic Board Steps Down Following Survival Scheme Approval
Friday, June 17, 2016 The entire board of Petroceltic will step down after the Irish High Court approves the company's latest survival scheme.
Wood Group Acquires Part of Enterprise Engineering Services' Business
Friday, June 17, 2016 Wood Group has acquired the trade and assets of Enterprise Engineering Service Limited's Aberdeen-based fabrication and manufacturing business.
PEPC Makes Overdue Payment to Karoon for Brazil's Santos Basin Blocks
Thursday, June 16, 2016 Pacific Exploration and Production Corp. makes overdue payment to Karoon Gas Australia for Santos Basin blocks offshore Brazil.
Karoon Issues Default Notice to Santos Basin Block Partner PEPC
Wednesday, June 15, 2016 Karoon Gas Australia issues a default notice to Pacific Exploration and Production Corp. (PEPC) for an overdue payment regarding their Brazil's Santos Basin blocks.
Mineral Resources Becomes Key Shareholder of Australia's Empire Oil & Gas
Wednesday, June 15, 2016 Mineral Resources acquires ERM Power's 18.72 percent stake in Australia's Empire Oil and Gas as it expands into the liquefied natural gas business.
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