Results43 articles shown
Global Energy Deals Now Surpass Dawn of Oil 'Supermajors' Era
Thursday, August 27, 2015 If there was any question over whether this year's oil crash would give rise to a new era of energy megadeals, there isn't anymore.
Total Sells North Sea Gas Pipelines For $907M
Thursday, August 27, 2015 Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners for $907 million.
Oilfield Giant Schlumberger Buying Houston-based Cameron for $14.8B
Wednesday, August 26, 2015 Schlumberger reaches an agreement to acquire Cameron for a total transaction value of $14.8 billion. Cameron stock skyrockets 41% after transaction announcement.
BP, Emerson Extend Automation Services Agreement
Wednesday, August 26, 2015 BP and Emerson Process Management ink agreement through which Emerson will provide BP with an expanded scope of automation technologies and expertise.
San Leon Energy Confirms Bid Approach
Monday, August 24, 2015 San Leon Energy's board confirms receiving a bid approach that could lead to an offer being made for the company.
India to Sell $1.5B of Indian Oil Shares on Monday
Friday, August 21, 2015 India's government says it plans to sell a 10-percent stake in top state-run refiner Indian Oil Corporation via a stock market auction on Monday.
Fluor, COOEC Establish New Fabrication Joint Venture in China
Friday, August 21, 2015 Fluor and COOEC form a new fabrication joint venture in China.
Azonto Petroleum Completes Vioco Sale for $4M
Friday, August 21, 2015 Azonto Petroleum completes the sale of its 35% stake in Vioco Petroleum Limited, to Vitol E&P Limited, for $4 million.
Big Oil's Flight Draws US Risk Takers to Australian Shale
Friday, August 21, 2015 Aubrey McClendon, the wildcatter who pioneered the US shale revolution by going where big oil companies wouldn't, is at it again. This time in Australia.
Santos CEO Knox Stepping Down Stokes Takeover Speculation
Friday, August 21, 2015 Santos CEO David Knox is stepping down as a slide in crude prices increases pressure on the Australian oil producer, stoking speculation it could become a takeover target.
Shale Pioneer McClendon Seeks Global Footprint in Armour Deal
Thursday, August 20, 2015 US shale gas explorer Aubrey McClendon negotiates $100 million acquisition of Australian drilling rights.
More Oil Pain Needed Before Energy Deals Seen Picking Up
Wednesday, August 19, 2015 Acquisitions in the energy industry will depend on at least a few more months of weakness in oil prices, according to Australia's Woodside.
Accenture Plans to Acquire Schlumberger's Consulting Unit
Tuesday, August 18, 2015 Accenture plans on buying the consulting arm of Schlumberger for an undisclosed amount.
Turnaround at Tethys 'Well Underway'
Monday, August 17, 2015 Tethys says the turnaround at its business is now "well underway" as it reports widening losses.
Rockhopper Continues Diversifying its Portfolio with Egyptian Acquisition
Monday, August 10, 2015 Rockhopper Exploration continues the diversification of its portfolio of assets with the acquisition of interests in two licenses in Egypt.
Tethys Financing Deal with AGR Falls Through, Talks with Nostrum
Monday, August 10, 2015 Central Asia-focused Tethys Petroleum says its $47.7-million financing deal with AGR Energy has fallen through, but the firm is now in talks with Nostrum Oil & Gas.
Otto Acquires Borealis, Gains Option to Take Minor Stakes in ANS Acreage
Thursday, August 06, 2015 Australia's Otto Energy acquires Borealis Petroleum, giving the firm the option to purchase an 8 percent and 10.8 percent working interests in two areas of Alaskan North Slope exploration acreage held by Great Bear.
Aviva Investors Opposes Vedanta Takeover Bid for Cairn India
Thursday, August 06, 2015 Fund firm Aviva Investors says it opposed a $2.3 billion plan by Vedanta to buy out minority shareholders in Cairn India as the deal failed to deliver sufficient value.
Malaysia's SapuraKencana Forms JV to Undertake Oil, Gas Projects in Brunei
Tuesday, August 04, 2015 Malaysia's SapuraKencana Petroleum forms joint venture in Brunei to undertake oil and gas projects in the country.
Atlantic Petroleum Seeks Buyers
Monday, August 03, 2015 Atlantic Petroleum's management team has been authorized to put the company up for sale.
NGP Still Defaults on $27M Payment for Thailand's Manora Development Cost
Monday, August 03, 2015 Australia's Tap Oil says Northern Gulf Petroleum remains in default on a $27 million payment for project costs of the Manora oil development in the Gulf of Thailand.
EU Regulators Suspend Review of Halliburton, Baker Hughes
Monday, August 03, 2015 European Union antitrust regulators suspend their review of Halliburton's $35-billion bid for oilfield services rival Baker Hughes.
Yinson-Premuda JV to Acquire FPSO Four Rainbow to Bid for Future Projects
Friday, July 31, 2015 Malaysia's Yinson Holdings enters joint venture with Italy's Premuda to acquire a floating production storage and offloading vessel for $65.6 million, with the facility to be used for bidding in future tenders.
Kazakh Wealth Fund to Sell 10% in State Oil Firm KMG to Central Bank
Wednesday, July 29, 2015 Kazakhstan's sovereign wealth fund will see 10 percent of its shares in state oil firm KazMunaiGas to the country's central bank.
Trapoil Merges with Jersey Oil and Gas
Tuesday, July 28, 2015 Junior energy firms Trapoil and Jersey Oil and Gas agree to merge.
Dayang Increases Stake in Malaysia's Perdana Petroleum to 51.21%
Tuesday, July 28, 2015 Dayang Enterprise's proposed takeover of Malaysia's Perdana Petroleum becomes unconditional after gaining more than 50 percent ownership of the latter.
Cairn India Says Tie-up with Parent Vedanta is on Track
Tuesday, July 21, 2015 Cairn India's CEO says the firm's proposed merger with parent Vedanta is "on track".
Elliott Advisors Says ENOC's Offer Undervalues Dragon Oil
Friday, July 17, 2015 Elliott Advisors is the latest investor in Dragon Oil to say majority shareholder Emirates National Oil Co's takeover offer undervalues the oil producer.
Mitsubishi, NYK Buy 45% Stake in FPSO Turritella Project from SBM for $590M
Thursday, July 16, 2015 SBM Offshore divests 45 percent stake in FPSO Turritella project to two Japanese companies for $590 million.
WPX Expands Into Permian With $2.75 Billion RKI Deal
Tuesday, July 14, 2015 WPX Energy Inc., the oil and gas explorer spun off from Williams Cos., agrees to buy closely held RKI Exploration & Production LLC for $2.35 billion.
Tethys Rejects Nostrum Bid Approach
Tuesday, July 14, 2015 The board of Tethys Petroleum rejects a $57 million bid for the business from Nostrum Oil & Gas.
Marathon Petroleum's MLP to Acquire MarkWest Energy for $15.63B
Monday, July 13, 2015 Marathon Petroleum buys MarkWest Energy Partners for its natural gas processing facilities.
Thai Energy Firm PTT Expands into Fast Food to Boost Non-Oil Revenue
Friday, July 10, 2015 Thailand's PTT signs a franchise deal with US-based fast food chain Texas Chicken as it tries to boost revenue from non-oil businesses amid weak crude oil prices.
Petrobras In Uncharted Territory With $58 Billion Sale: Real M&A
Friday, July 10, 2015 Petrobras' $58 billion asset sale proposal is unprecedented for the oil industry, and for good reason. It may be impossible to pull off.
MOL Group Acquires Ithaca Petroleum Norge
Thursday, July 09, 2015 MOL Group successfully completes a deal to acquire 100% ownership of Ithaca Petroleum Norge from Ithaca Petroleum Ltd, for a price that could reach up to $90 million.
Russia's Rosneft Signs Deal to Buy into India's Essar Oil
Thursday, July 09, 2015 Russia's top oil producer, Rosneft, takes a significant step towards expanding its global reach by signing a deal to acquire up to 49 percent of India's Essar Oil.
Azonto Petroleum to Sell 35% Vioco Petroleum Stake
Wednesday, July 08, 2015 Azonto Petroleum plans to sell its 35% stake in Vioco Petroleum Limited to Vitol E&P Limited.
Brazil Clears Shell's $70B Purchase Of BG
Wednesday, July 08, 2015 Brazil gives the green light to Shell to buy smaller rival BG, advancing the $70 billion merger closer to completion in early 2016.
Petrobras May Sell Braskem Stake, Build Tax Provisions, Valor Says
Monday, July 06, 2015 Petroleo Brasileiro could sell a stake in resin producer Braskem in order to build provision against tax debts nearing $12.7 billion.
Indonesia's Pertamina May Acquire 60% of Engineering Firm Rekind
Thursday, July 02, 2015 Indonesian state energy firm Pertamina is considering acquiring a 60 percent stake in engineering contractor Rekayasa Industri (Rekind), among efforts to improve its engineering resources.
ENOC Presses Ahead with Dragon Oil Takeover amid Shareholder Protest
Wednesday, July 01, 2015 Emirates National Oil Company progresses with its purchase of Dragon Oil shares it does not already own, despite a major investors saying the takeover undervalues the company.
AGR Energy Takes Controlling Stake in Tethys Petroleum
Wednesday, July 01, 2015 Central Asia-focused Tethys Petroleum raises a much-needed $48 million via a share placing with Kazakhstan's AGR Energy.
Liannex Offers $60.4M for Malaysian FPSO Firm Yinson's Non-Oil, Gas Units
Tuesday, June 30, 2015 Liannex Labuan offers to acquire the non-oil and gas business of Malaysia's floating production, storage and offloading firm Yinson Holdings for $60.4 million.
|Brent Crude Oil :||$50.05/BBL||5.23%|
|Light Crude Oil :||$45.22/BBL||6.25%|
|Natural Gas :||$2.72/MMBtu||3.42%|
|Updated in last 24 hours|