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Rosneft Says Sold Saras Stake In Part Because Of Sanctions
Wednesday, January 18, 2017 Rosneft says it sold its stake in Italian refiner Saras in part because sanctions prevented it from taking a controlling stake in the refiner.
Technip, FMC Technologies Complete Merger
Tuesday, January 17, 2017 Technip and FMC Technologies finalize their merger, say new company can challenge conventions in oilfield project delivery.
Kremlin Says VTB Financing Rosneft Deal Not On Its Agenda
Tuesday, January 17, 2017 Russian state bank VTB financing the privatisation of Rosneft last year is a commercial issue which is not on the Kremlin's agenda, Kremlin spokesman Dmitry Peskov says.
Inpex, ADNOC Agree to Extend Offshore Abu Dhabi Joint Development Project
Monday, January 16, 2017 Inpex Corporation agrees with the Abu Dhabi National Oil Company (ADNOC) to extend the duration of the joint development of the Satah and Umm Al Dalkh oil fields offshore Abu Dhabi in the United Arab Emirates.
Noble Buys Clayton Williams for $2.7 Billion to Grow in Permian
Monday, January 16, 2017 Noble Energy agreed to buy Clayton Williams Energy for $2.7 billion in stock and cash to expand in America's hottest shale play.
Petrovietnam, Exxon Mobil Sign Deal On Gas Generation
Friday, January 13, 2017 PetroVietnam signs an agreement with the Vietnamese unit of U.S. Exxon Mobil Corp to develop the country's biggest gas project for power generation.
Proserv, SapuraKencana Technology Team-Up for APAC Services
Wednesday, January 11, 2017 Proserv and SapuraKencana Technology Sdn Bhd are joining forces to provide enhanced technology services to clients in Asia Pacific.
Rosneft Signs Oil Supply Deal With Firm Linked To Qatar And Glencore
Tuesday, January 10, 2017 Rosneft has concluded a deal with a company linked to Qatar and commodities trader Glencore to supply up to 55 million tons of crude in total over a 5-year period.
Total Splashes Out On Uganda Expansion With Tullow Stake Deal
Monday, January 09, 2017 French oil major Total has expanded its stake in Uganda's Lake Albert oil project by snapping up most of Tullow Oil's stake for $900 million.
Schlumberger Expands Production Services Portfolio with Peak Buy
Thursday, January 05, 2017 Schlumberger acquires Peak Well Services to expand its offerings of its production services portfolio.
Vitol Clinches $1 Bln Pre-Finance Oil Deal With Iran-Sources
Wednesday, January 04, 2017 Vitol has clinched a deal with the National Iranian Oil Co. to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.
UK-Based Oil, Gas Sector Insolvencies Hit Record High
Tuesday, January 03, 2017 UK-based oil and gas sector insolvencies hit a new high in 2016, according to accountancy firm Moore Stephens.
Refiner Delek To Buy Rest Of Alon USA in $868M Deal
Tuesday, January 03, 2017 Refiner Delek U.S. Holdings Inc said it had agreed to buy the shares of Alon USA Energy Inc it does not already own in a deal that values Alon USA at about $868 million.
Brazil's Petrobras, Joint Venture Hand Back Piracuca Oil Concession
Tuesday, January 03, 2017 Petrobras and Repsol Sinopec are handing back exploration rights at the Piracuca field in Santos basin.
Marathon Petroleum Explores Spin-Off For Retail Business Speedway
Tuesday, January 03, 2017 Marathon Petroleum Corp, under pressure from activist investor Elliott Management, said a special committee of its directors would review its retail business, including considering a tax-free separation.
Brazil's Petrobras Finalizes Sale of Nansei Sekiyu for $165M
Thursday, December 29, 2016 Brazil's state-run oil company Petroleo Brasileiro closes the sale of its 100-percent stake in Nansei Sekiyu to Taiyo Oil Company.
Trident Energy Looks To Invest In Southeast Asia Oil And Gas Assets
Wednesday, December 28, 2016 Trident Energy will scour for oil and gas assets in Southeast Asia, with a focus on mid-life producing assets that can be redeveloped to create value, a senior executive told Reuters.
SOCAR, AIOC Agree to Develop ACG Field
Friday, December 23, 2016 SOCAR and AIOC sign a letter of intent for the future development of the Azeri-Chirag-Gunashli (ACG) field, in the Azerbaijan sector of the Caspian Sea.
Putin Says Russia Received Glencore, Qatar Payment For Rosneft
Friday, December 23, 2016 The Russian state budget has received a payment from the Qatar Investment Authority (QIA) and commodities trader Glencore for a stake in oil giant Rosneft, President Vladimir Putin said on Friday.
Rumaila Oilfield in Iraq Produces 3 Billion Oil Barrels
Tuesday, December 20, 2016 The Rumaila Operating Organisation (ROO) announced Tuesday that the Rumaila oilfield has produced 3 billion barrels of oil since the joint venture began operating in January 2010.
Mubadala To Hold Abu Dhabi's 2% Stake In BP
Monday, December 19, 2016 The 2% stake in BP sold to Abu Dhabi in exchange for a holding in Abu Dhabi Company for Onshore Petroleum Operations (ADCO) will be controlled by Mubadala Development Co.
Iran Starts Selling Oil To Italy's Eni
Monday, December 19, 2016 NIOC has signed a short-term contract with Eni to sell crude, an Iranian official said on Monday, as it seeks to revive the agreement it had with the Italian oil major prior to sanctions on Tehran.
San Leon Energy Sees Renewed Takeover Interest
Monday, December 19, 2016 Independent oil and gas company San Leon Energy has confirmed reports that it has received renewed takeover interest following the breakdown of talks with a separate party earlier this year.
Gazprom CEO Says Company May Swap Assets With Mitsui/Mitsubishi
Friday, December 16, 2016 Gazprom Chief Executive Alexey Miller said on Friday that strategic co-operation agreements with Japanese trading house Mitsui & Co and Mitsubishi Corp may involve asset swaps.
JOGMEC, Inpex, Marubeni Ink Exploration Deal with Rosneft
Thursday, December 15, 2016 JOGMEC, Inpex Corporation and Marubeni Corporation sign a deal with Rosneft Oil Company to carry out joint exploration work in the southwestern offshore area of Sakhalin Island, Russia.
Exxon, InterOil Extend Merger Deadlines
Wednesday, December 14, 2016 ExxonMobil and InterOil Corporation have agreed to extend the outside date of the current Arrangement Agreement, in relation to their merger, to the close of business on Wednesday, December 21.
China's Sinopec Weighs Takeover Of Gulf Keystone
Tuesday, December 13, 2016 China's Sinopec Corp is weighing a takeover of Gulf Keystone Petroleum, an oil company operating in the Kurdistan region of Iraq, Bloomberg reported on Tuesday.
Russia's Yamal LNG Gets 750M Euros In Credit Line From Intesa
Monday, December 12, 2016 Russia's Yamal LNG project, which aims to start producing liquefied natural gas next year, said on Monday it had obtained a 14.5-year credit line worth 750 million euros ($796 million) from Intesa Sanpaolo bank.
Waitsia JV Approves 2017 Development Activities Budget
Friday, December 09, 2016 AWE Limited announced Friday that the Waitsia joint venture has made "strong progress" in its preparations for Stage 2 of the Australian Waitsia gas project.
Glencore, Qatar Buy $11 Billion Stake in Russian State Oil Giant
Thursday, December 08, 2016 Commodity trader Glencore and Qatar's sovereign wealth fund agreed to buy a $11 billion stake in Russia's largest oil producer from the state.
Sao Tome To Terminate Oil Block With Sinopec-Sonangol Joint Venture
Wednesday, December 07, 2016 Sao Tome and Principe has decided to terminate an oil concession granted to Sinoangol.
National Iranian Oil Co, Thailand's PTTEP Agree To Oilfield Studies
Tuesday, December 06, 2016 National Iranian Oil Company (NIOC) and PTT Exploration and Production Public Company Limited (PTTEP) sign a memorandum of understanding to carry out preliminary studies of 3 oil fields in Iran.
Wood Group, Heerema Fabrication Group Team-Up on NCS
Tuesday, December 06, 2016 Wood Group and Heerema Fabrication Group sign a Memorandum of Understanding to team-up and offer wellhead platform development services to clients on the Norwegian Continental Shelf.
Survey: Collaboration is Crucial for Future Success in North Sea
Monday, December 05, 2016 Collaboration is vital for the future success of the oil and gas industry in the North Sea, according to a survey from Oil & Gas UK and Deloitte.
Private Equity Funds, Former Oil Execs Eye Southeast Asia Energy Assets
Friday, December 02, 2016 Flush with cash, private equity-backed firms and former oil industry executives are eyeing energy assets in Southeast Asia.
Gazprom In Talks With Japanese Banks About Raising $850M
Friday, December 02, 2016 Russian gas giant Gazprom is working on a deal under which Japanese banks would provide it with financing worth 800 million euros ($851.28 million), two sources familiar with the discussions told Reuters.
Outlook: Sidelined Capital Gains Confidence to Fuel 2017 M&A
Tuesday, November 29, 2016 Buyers weighing the odds decide to open their wallets based on notion seller prices will never be better for certain oil-producing assets.
Energy Law Merger May Boost North America Hiring
Tuesday, November 29, 2016 Both Legge Farrow and Holman Fenwick Willan have practice groups in the energy sector and expect expansion to increase the combined firm's US footprint.
Baker Hughes To Form Fracturing JV With Goldman Sachs, CSL Capital
Tuesday, November 29, 2016 Baker Hughes says it has reached an agreement with CSL Capital Management and Goldman Sachs Group's merchant banking division.
Sources: Maersk, DONG Energy in Talks Over $10B Oil Merger
Monday, November 28, 2016 Denmark's A.P. Moller-Maersk and DONG Energy are in talks to merge their oil and gas operations in a deal that would create a business worth more than $10 billion including debt, sources familiar with the matter said.
Norway and Russia to Step Up Cooperation in Arctic Hunt for Oil
Monday, November 28, 2016 Russia and Norway will soon sign a deal to acquire new seismic data from the two countries' Arctic Barents Sea maritime border region to boost the search for oil and gas.
Oilfield Services Moving Out of Survival Mode, M&A Uptick Expected
Monday, November 28, 2016 The oilfield services sector could see an uptick in M&A activity over the next 18 months as businesses move out of survival mode and look to the future, according to professional services firm KPMG.
Israeli Leviathan Partners Get Up To $1.75B HSBC, JPMorgan Financing
Sunday, November 27, 2016 The main Israeli partners developing the large Leviathan natural gas site said on Sunday they signed commitment letters with HSBC and J.P. Morgan for up to $1.75 billion of financing.
Consortium Led By French Group Total Wins Ivory Coast LNG Deal
Friday, November 25, 2016 Total, the Ivorian state oil company and 4 other partners have formally established a consortium to build a liquid natural gas (LNG) import terminal meant to feed the country's growing electricity consumption.
Russneft IPO Demand Exceeds Offer By Over 30%
Friday, November 25, 2016 Mikhail Gutseriyev, a co-owner of the Russian mid-sized oil company Russneft, said in a statement that the demand during the company's initial public offering (IPO) has exceeded offer by more than 30%.
Japan's JBIC To Provide Loan To Novatek-Led Yamal LNG Project
Thursday, November 24, 2016 Japan Bank for International Cooperation (JBIC) is set to provide a 200 million euro ($211 million) loan to the Yamal liquefied natural gas (LNG) project in Russia led by Novatek.
FMC, Technip Receive Clearance to Combine from European Commission
Thursday, November 24, 2016 FMC Technologies, Inc. and Technip have announced that the pending combination of the companies has received a clearance decision from the European Commission under Council Regulation (EC) No 139/2004.
Total, SOCAR Sign Absheron Development Agreement
Tuesday, November 22, 2016 Total and SOCAR sign an agreement establishing the contractual and commercial terms for a first phase of production from the Absheron gas and condensate field, located in the Caspian Sea.
Asia Development Bank To Lend Bangladesh $167M To Boost Gas Industry
Monday, November 21, 2016 The Asian Development Bank will provide a $167 million loan to Bangladesh to boost natural gas production and expand transmission infrastructure.
Energy Transfer MLPs Sunoco Logistics And ETP To Combine
Monday, November 21, 2016 Sunoco Logistics and Energy Transfer say they will combine in a corporate consolidation to cut borrowing and operating costs.
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