News Topics: Company Mergers, Acquisitions, & JVs

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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.

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.

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.

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.

Eni, KazMunayGas Enter Deal to Explore Isatay Block in Caspian Sea
Monday, June 29, 2015 Eni and KazMunayGas enter into an agreement to jointly explore the Isatay block in the north Caspian Sea, Kazakhstan.

Sefton Partners UTAS to Acquire Producing Oil, Gas Assets in Indonesia
Friday, June 26, 2015 Sefton Resources signs development agreement with UTAS Petroleum Services to acquire producing upstream oil and gas assets in Indonesia.

Tanjung Offshore Mulls Brownfield Development Ventures in Malaysia, SE Asia
Friday, June 26, 2015 Tanjung Offshore considers venturing into brownfield development in Malaysia and Southeast Asia.

Mexico's Alfa Says Offer for Pacific Rubiales is 'Fair and Final'
Friday, June 26, 2015 Alfa says the offer it and Harbour Energy have made to buy oil company Pacific Rubiales is "full, fair and final".

Australia's Wesfarmers Acquires 13.7% Stake in Quadrant Energy for $100M
Thursday, June 25, 2015 Australia's Wesfarmers takes a 13.7 percent stake in Quadrant Energy, which acquired Apache's petroleum assets in Western Australia for $2.1 billion earlier this year.

Statoil Streamlines Operating Model, Seeks Cost Efficiency
Thursday, June 25, 2015 Statoil announces that it will streamline its operating model in order to become more cost efficient and fit for the future.

Tap Oil Updates on Spat with Northern Gulf Firms in Thailand's Manora Field
Thursday, June 25, 2015 Tap Oil updates on commercial disputes with partner Northern Gulf companies in Block G1/48 concession in the Gulf of Thailand.

Russia's Lukoil Says Saudi Aramco Wants to Raise Stake in Luksar
Wednesday, June 24, 2015 Saudi Aramco wants to raise its share in Luksar, a joint venture with Russia's Lukoil, to 50%, according to the chief executive of the Russian company.

PetroVietnam, Gazprom Seal Agreement to Develop 2 Fields in Russia
Tuesday, June 23, 2015 PetroVietnam and Gazprom seal agreement for their joint venture company Gazpromviet to explore and develop two oil and gas fields in Russia.

PetroNeft: Significant Production Growth Expected in 2015
Tuesday, June 23, 2015 PetroNeft announces in its annual results statement for 2014 that it expects a significant boost in production this year.

Carlyle Backs Former Cairn Energy Execs' Indian Venture
Monday, June 22, 2015 Carlyle Group will invest up to $500 million in Magna Energy Ltd, a new India-focused upstream oil and gas company co-founded by two former Cairn Energy executives.

Siberian Oil Deal Sees BP Bet on Russia's Pivot Toward China
Monday, June 22, 2015 BP's $750 million purchase of a Siberian oilfield stake is as much a bet on China as it is on Russia.

Seplat Chairman: Nigeria's Buhari Should Sell Stakes In Oil, Gas JVs
Monday, June 22, 2015 Nigeria's new government should sell its stakes in joint ventures in the country's energy industry, the chairman of Seplat Petroleum says.

TGS Cooperates With Dolphin for Monuments 3D Survey Offshore Australia
Monday, June 22, 2015 TGS will provide data processing services in the Monuments 3D survey, which is being acquired by Dolphin Geophysical in the North Carnarvon Basin offshore Australia.

Rosneft Agrees to Sell 20% of Taas Subsidiary to BP
Friday, June 19, 2015 Rosneft signs a final binding agreement to sell a 20 percent share of its subsidiary company Taas-Yuryakh Neftegazodobycha (Taas) to BP.

Wintershall Says in Talks to Join Nord Stream Expansion Plan
Friday, June 19, 2015 Wintershall is in talks about joining an expansion plan for Gazprom's Baltic Sea gas pipeline called Nord Stream.

ONGC Videsh Seeks 20-Fold Increase in Spending Allowance for M&A
Thursday, June 18, 2015 ONGC Videsh, the overseas unit of India's biggest oil and gas explorer, is seeking a 20-fold increase in the amount it's allowed to spend on acquisitions without state approval.

PetroVietnam Completes Acquisition of Chevron's Assets in Vietnam
Thursday, June 18, 2015 PetroVietnam completes acquisition of Chevron's assets in Vietnam, giving it ownership of two offshore gas blocks and a stake in a pipeline firm.

Talks Surface on Rosneft Taking 49% Stake in India's Essar Oil
Wednesday, June 17, 2015 Rosneft is reportedly negotiating to acquire a 49 percent stake in India's Essar Oil.

MEO Australia, Brooke Dockyard to Cooperate on E&P Projects in Malaysia
Wednesday, June 17, 2015 MEO Australia and Brooke Dockyard form a consortium to cooperate in oil and gas exploration and development in Malaysia, including Sarawak.

Petroceltic International Sells Romanian Interests
Tuesday, June 16, 2015 Junior energy firm Petroceltic International has sold the entire share capital of Petroceltic Romania to GVC Investment, leaving the company with no remaining interests in Romania.

Dragon Oil Agrees to ENOC's Increased 750 Pence per Offer
Monday, June 15, 2015 Dragon Oil agrees to an increased takeover offer by Emirates National Oil Company.

Billionaire Agarwal Combines Units Amid Resource Downturn
Monday, June 15, 2015 Billionaire Anil Agarwal’s Vedanta Ltd. will absorb unit Cairn India, combining India’s biggest producer of aluminum and copper with the operator of its largest onshore oil block.

New Data Shows Large Paleocene System Offshore Ireland
Monday, June 15, 2015 New seismic data indicates the presence of a significant Paleocene deepwater channelized system in the northern Porcupine Basin, offshore western Ireland, Providence Resources reports.

Mosman Oil and Gas Fails in Bid to Acquire MEO Australia
Monday, June 15, 2015 Mosman Oil and Gas fails in bid to acquire MEO Australia.

Loyz Energy to Acquire China-Focused Primeline Energy for $145.7M
Wednesday, June 10, 2015 Singapore's Loyz Energy to acquire China-focused Primeline Energy for $145.7 million.

Kairiki Energy to Dispose Stake in Yilgarn Petroleum Philippines to IMC
Tuesday, June 09, 2015 Kairiki Energy enters into a deal to dispose of its entire stake in Yilgarn Petroleum Philippines - which has interests in Service Contracts 54A and 54B offshore the Philippines - to IMC Oil & Gas Investments.

Apache Completes Sale of Australian Subsidiary to Macquarie, Brookfield
Monday, June 08, 2015 Apache completes sale of its Australian subsidiary to private equity funds managed by Macquarie and Brookfield.

Northcote Partners CEB for Oil and Gas Opportunities in Indonesia
Monday, June 08, 2015 Northcote Energy partners CEB Resources for oil and gas opportunities in Indonesia.

Serica Completes Acquisition of 18% Stake in North Sea Erskine Field
Friday, June 05, 2015 Serica Energy completes transaction to purchase an 18 percent interest in the producing North Sea Erskine Field from BP.

KTL to Buy 20% Stake in South Korea's Dae Kwang to Expand into North Asia
Friday, June 05, 2015 KTL Global agrees to acquire a 20 percent stake in South Korea's Dae Kwang for $5 million to expand rope and rigging business in North Asia.

Galilee Energy Strikes Deal with AGL to Acquire 100% of ATP 529P
Thursday, June 04, 2015 AGL Energy Limited agrees to transfer its 50 percent interest in ATP 529P, located in Australia, to Galilee Energy.

China's Landocean Partners CPHLC in Exploration of Block D Off Cambodia
Wednesday, June 03, 2015 Mirach Energy's unit CPHLC enters into an agreement with China's Landocean Energy Services for technical services solution in the exploration of Block D, offshore Cambodia.

Independent Oil and Gas to Acquire Skipper Discovery
Wednesday, June 03, 2015 Independent Oil and Gas has signed an agreement to acquire the 50 percent of license P1609 containing the Skipper discovery, from Alpha Petroleum Resources.

Norwest Energy Forms Alliance with Rey Resources to Develop Assets in WA
Wednesday, June 03, 2015 Norwest Energy forms strategic alliance with Rey Resources to develop upstream assets it held in the northern Perth Basin, Western Australia.

Technip and FMC Technologies JV Forsys Subsea Becomes Operational
Tuesday, June 02, 2015 Technip and FMC Technologies' 50/50 joint venture, Forsys Subsea, receives all regulatory approvals and is now operational.

Premier Oil Strikes Deal to Take Full Control of Shetlands Project
Tuesday, June 02, 2015 Premier Oil has struck a deal to take full ownership of the Solan oil project west of Shetlands in the North Sea, taking over a 40 percent stake from project partner Chrysaor.

San Leon to Raise $44.1 Million from Shareholders to Fund Development
Monday, June 01, 2015 San Leon announces that it has conditionally agreed to raise $44.1 million from existing and new shareholders, which will be used to fund the firm’s development.

Enterprise Products, Ferrellgas Partners Put Midstream M&A In Motion
Monday, June 01, 2015 After a lull in mergers and acquisitions activity, Enterprise Products Partners and Ferrellgas Partners spend billions of dollars to grow footprint in Eagle Ford, joins emerging trend of midstream M&A.

KPMG Sees Opportunities in Current Oilfield Services Market
Monday, June 01, 2015 There are opportunities to be had in the current oilfield services market, according to professional services firm KPMG.

Venezuela, Russia's Rosneft Agree On $14B Oil, Gas Investment
Thursday, May 28, 2015 Venezuela and Russia's top oil producer, Rosneft, have agreed on around $14 billion in investment in the South American OPEC country's oil and gas sector, President Nicolas Maduro says.

MEO Informs Shareholders to Reject Mosman Oil and Gas' Takeover Bid
Wednesday, May 27, 2015 MEO Australia informs shareholders to reject Mosman Oil and Gas's offer to acquire the Australian-based firm.

Range Resources Secures Funding Deal with Chinese Investment Group
Tuesday, May 26, 2015 Range Resources signs Memorandum of Understanding with Beijing Sibo Investment Management, which could unlock up to $35 million of funding.

Cenergy Acquires Control Zone Solutions to Offer Safety Solutions Globally
Friday, May 22, 2015 Cenergy acquires Louisiana-based Control Zone Solutions and plans to offer safety solutions to clients globally.

Russia to Decide on Schlumberger Bid for Eurasia Drilling in 2-3 Weeks
Thursday, May 21, 2015 A Russian government commission should decide on Schlumberger's bid for Eurasia Drilling in two to three weeks.

NuEnergy Gas Acquires Dart Indonesia's CBM Assets in Sumatra, Kalimantan
Thursday, May 21, 2015 NuEnergy Gas agrees to acquire Dart Indonesia, giving it access to the latter's coal bed methane production sharing contracts in Indonesia.

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