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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.
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.
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.
Total To Buy Belgian Green Energy Provider Lampiris
Tuesday, June 14, 2016 French oil and gas company Total plans to buy Belgian green energy provider Lampiris, said Belgian daily De Standaard, citing unnamed sources.
Japan's NYK Acquires 25% Stake in EMAS Chiyoda Subsea
Monday, June 13, 2016 Japan's Nippon Yusen Kabushiki Kaisha (NYK) acquires a 25 percent stake in newly formed EMAS Chiyoda Subsea from existing shareholders EMAS AMC and Chiyoda.
BP And Det Norske Agree $1.3B Norwegian Oil Merger
Friday, June 10, 2016 BP and Det norske agree to merge their Norwegian businesses in a $1.3 billion share deal to cut costs, increase profitability and challenge Statoil's Norwegian offshore dominance.
Russia's Yamal LNG Gets First $1B Tranche From Russian Banks
Friday, June 10, 2016 Russia's Novatek-led Yamal liquefied natural gas project receives its first financing tranche of $1.13 billion from Russia's Sberbank and Gazprombank.
Singapore's Offshore Marine Firm Otto Marine Gets Delisting Offer
Thursday, June 09, 2016 Offshore marine company Otto Marine receives a proposal from Ocean International Capital to delist from the Singapore Exchange.
Russia's Novatek Says Shareholders To Decide On $600M Loan For Yamal LNG
Thursday, June 09, 2016 Novatek says its shareholders will decide on a new loan worth $600 million for the Yamal LNG project on June 20, according to Interfax news agency.
Russia's FinMin Says Bashneft, Alrosa Privatization To Go Ahead In 2016
Wednesday, June 08, 2016 Russian Finance Minister Anton Siluanov expects the privatization of Bashneft and Alrosa to go ahead in 2016, but says it will be more difficult to sell the state-owned stake in Rosneft.
North Sea to See Rise in Infrastructure Deals
Wednesday, June 08, 2016 The North Sea will see a rise in infrastructure deals this year, according to business advisory firm Deloitte.
RIH Sells Partial Stakes in 2 Subsidiaries to Schroder for $9.75M
Tuesday, June 07, 2016 Rex International Holding sells partial stakes in subsidiaries Lime Petroleum Norway and Masirah Oil to Schroders & Co. Banque for $9.75 million.
Malaysia's Most Battered Oil And Gas Stock Eyes Foreign Tie-Up
Friday, June 03, 2016 Malaysia's UMW Oil & Gas Corp. is teaming up with foreign partners for the first time to venture outside of Asia and predicts the slowdown that forced the company to idle most of its drilling rigs may be ending.
Oil Basins Quits as Derby Block Operator, 2 Directors Lose Executive Roles
Tuesday, May 31, 2016 Oil Basins resigns as operator of Derby Block in Western Australia, resulting in two directors losing their executive roles in the firm.
Malaysia's Tanjung Offshore Diversifies into Education, Training
Tuesday, May 31, 2016 Malaysia's offshore oil and gas services provider Tanjung Offshore diversifies into education and training to shore up profitability.
Proxy Firm Backs Oil Search Takeover Of InterOil
Tuesday, May 31, 2016 A major proxy advisor has backed a $2.2 billion takeover of InterOil by Australia's Oil Search, and recommended InterOil shareholders reject an attempt by the firm's founder to oust the board at a meeting on June 14.
CNPC Plans Backdoor Listing of Engineering Arm Amid Shakeup
Friday, May 27, 2016 China National Petroleum Corp., the country's biggest oil and gas producer, plans a backdoor listing of its engineering assets through a Shanghai-listed petrochemical material supplier and processor it controls.
Energy Transfer Seeks Right to Bail Out of Williams Takeover
Friday, May 27, 2016 Energy Transfer Equity seeks the right to kill its deal to buy Williams Cos. and to collect a $1.48 billion breakup fee from the energy pipeline operator, accusing it of breaching the terms of their merger.
WA Court Orders OBL to Resign as EP487 Operator in Canning Basin
Friday, May 27, 2016 The Supreme Court of Western Australia (WA) orders Oil Basins to resign immediately as operator of permit EP487 (Derby Block) in WA's Canning Basin and designates Rey Lennard Shelf as the new operator.
Govt's Rosneft Stake Can't Be Sold On Open Market
Thursday, May 26, 2016 Kremlin economic adviser Andrei Belousov says the government's stake in top oil producer Rosneft could not be sold on the open market.
Chevron-Led Kazakh Venture May Borrow For $37B Project
Thursday, May 26, 2016 Chevron-led joint venture Tengizchevroil may take out loans and issue bonds to finance its $37 billion expansion project.
Primeline to Commence Arbitration Against CNOOC Over China's Offshore Block
Wednesday, May 25, 2016 Primeline Energy to commence arbitration proceedings against joint venture partner CNOOC under the provisions of the petroleum contract for Block 25/34 in East China Sea.
PNG Watchdog: Oil Search, InterOil Should Seek Approvals For Merger
Tuesday, May 24, 2016 Papua New Guinea may challenge the $2.2 billion merger between Oil Search and InterOil if they fail to comply with anti-competition procedures, the country's corporate watchdog says.
Exxon, Total, Chevron In Talks With Pemex On Gulf Prospects
Friday, May 20, 2016 Pemex is in talks with Exxon Mobil Corp., Total and Chevron as Mexico’s struggling state-run oil producer seeks partners to develop deepwater crude in the Gulf of Mexico.
Oil Search Boost LNG Push In PNG With $2.2B InterOil Bid
Friday, May 20, 2016 Australia's Oil Search agrees a $2.2 billion deal to acquire InterOil in a move that could pave the way for two rival liquefied natural gas projects led by global majors to work together in Papua New Guinea.
Russian Economy Minister: Gazprom May Buy Own Shares From VEB
Friday, May 20, 2016 Gazprom might buy some of its own shares from troubled state development bank Vnesheconombank, says Economy Minister Alexei Ulyukayev.
Novatek Could Buy Out Shareholders Opposing Yamal Loan Deal
Friday, May 20, 2016 Novatek recommends buying back shares from those shareholders who do not approve external financing of its Yamal liquefied natural gas project.
Keppel O&M, Rosneft & MHWirth Set Up Singapore Incorporated JV
Friday, May 20, 2016 Keppel Offshore & Marine sets up a Singapore incorporated joint venture company with Russia's Rosneft and Norway's MHWirth for the design and engineering of mobile offshore drilling units.
Gazprom, PTT Sign MOU to Cooperate in Oil and Gas Industry
Thursday, May 19, 2016 Gazprom signs a memorandum of understanding with Thailand's national oil company PTT for cooperation in the oil and gas industry.
FMC Technologies to Merge With $6.2 Billion Technip to Cut Costs
Thursday, May 19, 2016 FMC Technologies agrees to merge with French peer Technip in an all-stock deal, creating a $13 billion oil-services company with more clout after crude’s collapse.
Shell Said to Start Talks With Buyers for North Sea Asset Sales
Thursday, May 19, 2016 Royal Dutch Shell is in talks with potential buyers for some North Sea assets, mostly fields it got this year as part of the record acquisition of BG Group, according to people familiar with the matter.
Siem Offshore Acquires 100% Interest in Secunda Canada
Wednesday, May 18, 2016 As part of a recapitalization of Secunda, Norway's Siem Offshore has acquired Birch Hill's 50 percent ownership interest in Secunda Canada.
Gazprom, PetroVietnam to Jointly Develop Oil, Gas Projects
Tuesday, May 17, 2016 Gazprom and PetroVietnam sign a deal to jointly develop new oil and gas projects and cooperate on gas-based power generation.
Range Resources To Buy Memorial Resource In Deal Worth $4.4B
Monday, May 16, 2016 Oil and gas producer Range Resources Corp says it will buy Memorial Resource Development Corp in an all-stock deal valued at $4.4 billion, including $1.1 billion in debt.
Carlyle Invests In Tunisia-Focused Mazarine Energy
Monday, May 16, 2016 Carlyle Group has invested in Tunisia-focused oil and gas explorer Mazarine Energy.
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