Company Mergers, Acquisitions, & JVs News


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Russia Is Said to Offer Exxon New Projects
Friday, October 19, 2018 Russia is said to offer ExxonMobil new projects as U.S. sanctions loom.

Tallgrass and Silver Creek Grow Powder Basin JV
Wednesday, October 17, 2018 Midstream companies Tallgrass Energy and Silver Creek Midstream are expanding their joint venture in Wyoming's Powder River Basin.

Carlyle Group Buys EnerMech
Tuesday, October 16, 2018 Aberdeen-headquartered EnerMech has been acquired from Lime Rock Partners by global alternative asset manager The Carlyle Group for an undisclosed sum.

Abu Dhabi Scraps Cepsa IPO
Monday, October 15, 2018 Abu Dhabi shelves plans for an initial public offering of a 25% stake in Spanish oil refiner Cepsa.

Engie and Caisse Said to Plan $9B Pipeline Bid
Monday, October 15, 2018 Engie SA and a Canadian pension fund plan to offer as much as $9 billion for Petrobras' natural gas pipeline network, according to people with knowledge of the matter.

New Energy Experts to Help Scottish Companies
Thursday, October 11, 2018 The Scottish government announces that 5 international market specialists are to be appointed to support Scottish companies to maximize export opportunities in the energy supply chain.

Murphy Oil and Petrobras to Form Gulf of Mexico JV
Thursday, October 11, 2018 The companies have entered into a joint agreement to combine both companies' Gulf of Mexico assets.

Saudi Crown Prince Vows Aramco IPO by 2021
Monday, October 08, 2018 Saudi Arabia's crown prince insists the stalled plan to sell shares in oil giant Aramco will go ahead, promising an initial public offering by 2021.

BHGE to Acquire $550MM Stake in ADNOC Drilling
Monday, October 08, 2018 BHGE and ADNOC sign a strategic partnership agreement that will see BHGE acquire a 5% stake in ADNOC's subsidiary, ADNOC Drilling, for $550 million.

Aramco and Total Progress $9B Petrochem Project
Monday, October 08, 2018 Saudi Aramco and Total sign a joint development agreement for the front-end engineering and design of a giant petrochemical complex in Jubail, Saudi Arabia.

Ensco and Rowan to Merge in $12B Deal
Monday, October 08, 2018 The companies have entered into a definitive transaction agreement to create an offshore drilling powerhouse.

Precision Drilling to Pay $1B for Trinidad Drilling
Monday, October 08, 2018 The acquisition will create the third largest drilling contractor in the US.

LNG Canada Project Seen as First of Many
Wednesday, October 03, 2018 The Canadian energy industry is already hoping that the LNG Canada project will be the first of many such plants on the country's Pacific Coast.

Neptune Energy Buys VNG Norge
Monday, October 01, 2018 Neptune Energy Group completes the acquisition of VNG Norge AS.

Husky Makes $2.6B Hostile Bid for MEG Energy
Monday, October 01, 2018 Husky Energy has made a $2.6 billion hostile bid for MEG Energy Corp.

Wintershall and DEA to Merge
Friday, September 28, 2018 BASF and LetterOne sign an agreement to merge their respective oil and gas businesses.

Shell's LNG Canada Sprints Ahead
Friday, September 28, 2018 The multi-billion dollar development moves one step closer to a final approval.

Total to Increase DUC Stake
Wednesday, September 26, 2018 Total agrees to purchase from Chevron all the share capital of Chevron Denmark Inc.

OGCI Sets First Collective Methane Target
Tuesday, September 25, 2018 The Oil and Gas Climate Initiative has set its first collective methane target for member companies.

Shareholders Approve MPC and Andeavor Merger
Tuesday, September 25, 2018 Shareholders of both Marathon Petroleum Corp (MPC) and Andeavor have voted to approve the strategic combination of the 2 companies, MPC reveals.

UKCS Player Signs $400MM Acquisition Agreement
Friday, September 21, 2018 Verus Petroleum signs an agreement for the acquisition of Cieco Exploration & Production (UK) Limited, a wholly owned subsidiary of ITOCHU Corporation.

Pemex Signs Landmark Offshore Deal
Friday, September 21, 2018 Pemex and a three-way JV have struck what is reportedly the first pre-unitization agreement ever signed in Mexico.

Riverstone is Planning $900MM Sale of Abaco Energy
Wednesday, September 19, 2018 Riverstone Holdings is preparing to sell oilfield services equipment company Abaco Energy Technologies, which could fetch about $900 million, according to people with knowledge of the matter.

Gazprom Neft Joins Forces with CNPC to Develop EOR Tech
Thursday, September 13, 2018 Gazprom Neft announces that it has joined forces with China National Petroleum Corporation to develop enhanced oil recovery technologies.

OMV Intends to Acquire 50 Percent Stake in Sapura Upstream
Wednesday, September 12, 2018 OMV announces Wednesday that it intends to acquire a 50% interest in Sapura Energy Berhad's wholly owned subsidiary, Sapura Upstream Sdn Bhd.

Transocean Banks on Ultra-Deepwater Recovery with Ocean Rig Deal
Tuesday, September 04, 2018 Transocean and Ocean Rig's merger could wrap up early next year.

Talos Energy to Buy Whistler Energy in $52 Million Deal
Tuesday, September 04, 2018 The deal will result in Talos acquiring additional assets in the Central Gulf of Mexico.

Eclipse, Blue Mountain to Merge, Creating $1.4B Appalachia-Focused Company
Wednesday, August 29, 2018 Two E&P companies with heavy focus in the Utica and Marcellus have agreed to a merger.

Enbridge To Buy Spectra Energy For $3.3B
Friday, August 24, 2018 Enbridge says would buy its US master limited partnership Spectra Energy Partners for a sweetened deal of $3.3 billion.

Santos to Buy Quadrant Energy for $2.15B
Wednesday, August 22, 2018 Australia's Santos announces the acquisition of 100% of Quadrant Energy for $2.15 billion plus potential contingent payments.

Maersk to Pursue Separate Listing of Maersk Drilling
Friday, August 17, 2018 Maersk decides to pursue a separate listing of Maersk Drilling on Nasdaq Copenhagen A/S in 2019.

Billionaires Throw Weight Behind Oil Rally
Wednesday, August 15, 2018 The recovery in the oil industry is attracting some of the most recognized billionaires in money management.

Diamondback's Energen Acquisition Will Create Synergies in Permian
Wednesday, August 15, 2018 Diamondback's purchase of rival Energen signifies a move toward consolidation, according to Rystad Energy.

Diamondback To Buy Energen In $9.2B Deal To Boost Permain Presence
Tuesday, August 14, 2018 Diamondback Energy says it will buy Energen Corp in an all-stock deal valued at $9.2 billion.

Apache and Kayne Anderson Create $3.5B Pipeline Company in the Permian
Thursday, August 09, 2018 Apache is contributing its midstream assets to form a new pipeline company with investment firm Kayne Anderson.

Value of Canada M&A Deals Slumps Amid Oil Rally
Wednesday, August 08, 2018 Investors have been pushing Canadian energy companies to merge so they can cut costs and combine resources. That isn't going so well this year.

Australia's Quadrant, Carnarvon Hail 'Incredible' Oil Find in Sector Ripe f
Wednesday, August 08, 2018 Private equity firms are expected to drive a wave of merger activity in Australia's oil and gas sector, hunting for assets in a market with good access to China and southeast Asia.

Phase II of 'Prolific' UKCS Field Receives Full Sanction to Move Forward
Tuesday, August 07, 2018 The Buzzard Phase II project has received full sanction to move forward.

Sources: Saudi Aramco, Malaysia's Petronas Tap Banks for Jumbo Financing
Tuesday, August 07, 2018 Saudi Aramco and Petronas have approached banks to replace a short-term $8 billion loan raised earlier this year for a joint venture with long-term financing of approximately the same size.

Harvest Midstream to Purchase Assets from Williams for More than $1B
Tuesday, July 31, 2018 The deal is one of two made by Williams Cos. in the same day that will see Williams exiting the Four Corners region.

KKR, Williams to Buy Shale Pipe Operator for $1.2B
Monday, July 30, 2018 KKR & Co. and Williams Cos. agree to buy a Colorado pipeline and services provider from TPG Growth.

Saudi Aramco Weighing Global Bond Sale for First Time
Friday, July 27, 2018 If Aramco goes ahead with an international bond, the sale would force it to disclose its accounts to investors for the 1st time since nationalization 4 decades ago.

KCA Deutag, SOCAR AQS Reach Agreement to Form Joint Venture
Thursday, July 26, 2018 KCA Deutag reaches an agreement with SOCAR AQS to form a joint venture.

PwC: 2Q Sees Increase in M&A Deals; Downstream Leads in Value
Thursday, July 26, 2018 PwC's latest quarterly report reveals that downstream and midstream dominated the second quarter in terms of deal value.

Wren House Infrastructure to Acquire NSMP from ArcLight
Tuesday, July 24, 2018 An affiliate of ArcLight Capital Partners agrees to sell its entire interest in NSMP to Wren House Infrastructure Management Limited.

Saudi Aramco CEO: Deal for Sabic Would Affect IPO Timeline
Monday, July 23, 2018 Saudi Aramco signaled another potential delay for the world's largest initial public offering after it started talks this week to buy a stake in a local petrochemical company.

Largest Unconventional Shale Producer in Permian Basin Created
Friday, July 20, 2018 Concho Resources Inc completes its acquisition of RSP Permian Inc, creating the largest unconventional shale producer in the Permian Basin.

US Drilling Companies Announce Merger Agreement
Friday, July 20, 2018 Independence Contract Drilling Inc. and Sidewinder Drilling LLC have entered into a definitive merger agreement.

Report: Fewer M&A Deals in 1H 2018, but Higher Value
Friday, July 20, 2018 Though the number of deals in the Energy, Mining and Utilities sector were fewer in the first half of the year, overall deal value trickled up.

China Willing To Invest $3B In Nigerian Oil Operations - NNPC
Monday, July 16, 2018 China National Offshore Oil Corp is willing to invest $3 billion in its existing oil and gas operation in Nigeria, the Nigerian National Petroleum Corporation says.