Company Mergers, Acquisitions, & JVs News

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Occidental CEO Defends Pursuit of Anadarko
Monday, May 13, 2019 CEO Vicki Hollub expects Oxy to get more out of the Anadarko assets than any of its competitors.

Weatherford Expects to File for Chapter 11
Monday, May 13, 2019 Weatherford executes a restructuring support agreement with a group of its senior noteholders.

Oxy Agrees to Buy Anadarko for $57B
Friday, May 10, 2019 Occidental has entered into an agreement to buy Anadarko.

Chevron Bows Out of Anadarko Chase
Thursday, May 09, 2019 Chevron will not increase its offer to buy Anadarko.

Marathon Petroleum in $9B Deal to Merge Midstream Units
Thursday, May 09, 2019 Marathon Petroleum plans to merge its two midstream businesses, MPLX and Andeavor Logistics, in a deal worth $9 billion.

Chevron Keeps Mum on Next Anadarko Move
Wednesday, May 08, 2019 Chevron is playing its cards close to its chest when it comes what's next on the Anadarko deal.

Chevron Should Take Breakup Fee, Sheffield Says
Wednesday, May 08, 2019 Pioneer Natural CEO says Chevron should take its $1B breakup fee and walk away from the Anadarko deal.

Occidental CEO Close to Winning the Bidding War
Tuesday, May 07, 2019 Three moves have been key to Vicki Hollub's ascendancy in the biggest oil-industry bidding war in years.

Activist Investor Pushing for Carrizo to Merge or Sell
Monday, May 06, 2019 Shares of Houston-based Carrizo have fallen by about 43 percent over the past 12 months.

Oxy Jazzes Up Anadarko Offer, Makes $8B Total Deal
Monday, May 06, 2019 Oxy revises its offer for Anadarko and enters into an $8.8 billion agreement with Total in connection with the deal.

How Occidental's Long Path to Anadarko Bid Led to Buffett
Friday, May 03, 2019 Occidental's bombshell investment from Warren Buffett is the culmination of almost two years of wrangling with Anadarko.

Chevron Becomes Texas Refiner
Thursday, May 02, 2019 Petrobras had been the sole owner of the facility since 2008.

Leading Independent European Oil, Gas Firm Formed
Thursday, May 02, 2019 Wintershall Holding GmbH and DEA Deutsche Erdoel AG have completed their merger, forming Wintershall DEA.

Chevron Backs Its Anadarko Deal
Thursday, May 02, 2019 Chevron's signed agreement with Anadarko provides the best value and the most certainty to Anadarko's shareholders, according to Chevron.

WorleyParsons Completes $3.2B Jacobs ECR Deal
Wednesday, May 01, 2019 WorleyParsons has completed the $3.2 billion acquisition of Jacobs ECR.

Warren Buffett Lobs $10B Into Anadarko Bidding War
Tuesday, April 30, 2019 Warren Buffett's intervention in Occidental's $37B bid for Anadarko may tip the scales in the industry's biggest bidding war in decades.

Will Chevron Raise Its Bid for Anadarko?
Tuesday, April 30, 2019 The most important near-term question in the battle for Anadarko is will Chevron raise its bid?

Anadarko Board to Consider Occidental Bid
Monday, April 29, 2019 Anadarko Petroleum plans to resume talks about a potential $38 billion takeover by Occidental Petroleum, a move that threatens to scupper a previously agreed deal with Chevron.

Anadarko First of Many Major Buys in 2019
Friday, April 26, 2019 With increased and proven demand of West Texas shale, Anadarko will likely be the first of many major acquisitions this year.

Anadarko Deal Would Put Occidental Next to Conoco
Thursday, April 25, 2019 Occidental's proposed Anadarko deal would put the company alongside ConocoPhillips in a peer group of two as a super-independent.

Occidental Makes Anadarko Bid
Wednesday, April 24, 2019 Occidental Petroleum Corp. is starting a bidding war for Anadarko Petroleum Corp.

Aramco to Buy Shell SASREF Stake for $631MM
Tuesday, April 23, 2019 Saudi Aramco will buy Shell Saudi Arabia Refining Limited's 50 percent share of the SASREF joint venture in Jubail Industrial City for $631 million.

Reliance Considering Refinery Stake Sale to Aramco, Adnoc
Friday, April 19, 2019 Reliance Industries Ltd. may sell as much as 25 percent of its refinery business in a deal that could yield at least $10 billion.

Chrysaor Touted as Incredible Growth Story
Friday, April 19, 2019 Chrysaor has been touted as an incredible growth story by Wood Mackenzie.

$6B Project with Up to 8,000 New Jobs Sanctioned
Friday, April 19, 2019 The steering committee for the offshore Azerbaijan ACG field has sanctioned the next stage of the development.

Twelve Seas Acquires Brooge Petroleum for $1B
Monday, April 15, 2019 Brooge plans to increase its storage capacity to 1 million cubic meters by the third quarter of 2020.

Chevron-Anadarko Deal Will Shake Up US Upstream
Monday, April 15, 2019 Chevron Corporation's deal to acquire Anadarko Petroleum Corporation will shake up the U.S. upstream sector.

Chevron Expands Elite Group with Anadarko Deal
Friday, April 12, 2019 Rystad Energy expects Chevron will eclipse ExxonMobil in Permian production.

Chevron Buys Anadarko
Friday, April 12, 2019 Chevron Corp agrees to buy Anadarko Petroleum Corp in a $33 billion bet on shale oil and liquefied natural gas.

Acteon to Buy Offshore Marine Survey Company Benthic
Thursday, April 11, 2019 UK-based subsea services group Acteon has agreed to acquire Houston, TX-based Benthic, an offshore marine geotechnical and geophysical survey company.

Ensco and Rowan Become EnscoRowan
Thursday, April 11, 2019 The companies first announced their merger plans last October.

Mubadala Divests Cepsa Stake to Carlyle
Monday, April 08, 2019 The sale is about six months after the Abu Dhabi sovereign fund abandoned plans to list the Spanish oil refiner.

US M&A Deal Value Hits 10-Year Low in 1Q 2019
Thursday, April 04, 2019 The value of U.S. mergers and acquisitions deals plunged to a 10-year low in the first quarter of 2019, Drillinginfo reveals.

Denbury, Penn Virginia Terminate $1.7B Merger
Monday, April 01, 2019 The two companies agreed to terminate their previously announced agreement under which Denbury was to acquire Penn Virginia for $1.7 billion.

Saipem in Talks to Divest Its Drilling Business
Monday, April 01, 2019 The flailing offshore division, which saw a 24 percent decline in revenue last year, could go to a competitor.

Abu Dhabi Considering Options for $10B Nova Business
Thursday, March 28, 2019 The emirate acquired Nova in 2009, and the asset soon became one of its top investments after the company took advantage of the U.S. shale boom.

BHP Mulling a Bid for Blackstone-Backed Bluewater
Thursday, March 28, 2019 The Bluewater business is focused on deepwater exploration in the Gulf of Mexico and could fetch up to $2 billion in a sale.

Aramco Grabs Sabic Stake for $69B
Wednesday, March 27, 2019 The purchase subtly shifts Aramco's center of gravity away from its core business of pumping oil into petrochemicals.

Tenaris to Buy IPSCO Tubulars for $1.2B
Monday, March 25, 2019 Steel pipe manufacturer Tenaris S.A. has entered into a definitive agreement to acquire IPSCO Tubulars, Inc. for $1.2 billion.

RockRose Energy Offers to Buy IOG Debt
Monday, March 25, 2019 London-based RockRose Energy plc made an offer to buy all of Independent Oil and Gas plc (IOG) debt for £40 million (about $53 million USD) cash.

DEA Completes Sierra Acquisition
Friday, March 22, 2019 DEA Deutsche Erdoel completes the acquisition of 100 percent of the shares of Sierra Oil & Gas.

Medco Raises Offer for Ophir Takeover
Thursday, March 21, 2019 Indonesian company Medco has upped its takeover offer for London-based Ophir Energy.

Williams, CPPIB to Form $3.8B Shale Gas JV
Tuesday, March 19, 2019 Canada Pension Plan Investment Board and Williams have entered into a long-term partnership that will help Williams optimize its midstream operations in the western Marcellus and Utica basins.

Precision Drilling to Sell All Mexico Assets
Monday, March 18, 2019 Precision Drilling is selling five Mexico-based drilling rigs for $48 million.

Carrizo, SM Energy in Talks to Team Up
Monday, March 18, 2019 The talks come as volatile oil prices put pressure on small and midsize energy explorers to pair up to cut costs.

Shell on the Prowl for Permian Deals
Monday, March 11, 2019 Shell is eyeing takeovers to take advantage of smaller drillers squeezed by costs and investors hungry for returns.

Eni Inks Farmout Deal with Qatar Petroleum for Mozambique Block
Monday, March 11, 2019 Eni and Qatar Petroleum have entered into a farmout agreement which will allow Qatar Petroleum a 25.5 percent participating interest in Block A5-A offshore Mozambique.

Permian Shale Primed For Mergers and Acqusitions
Monday, March 11, 2019 The Permian Basin is on the cusp of a radical transformation with one simple premise: bigger is better.

Canadian Oil Price Collapse has Driller Mulling a Sale
Wednesday, March 06, 2019 Pengrowth Energy Corp. is considering selling itself as the driller moves to lighten its debt load.

IOG Rejects RockRose Proposal
Wednesday, March 06, 2019 IOG confirms that it received and 'promptly rejected' an unsolicited pre-conditional proposal from RockRose Energy for a possible cash offer for the entire issued share capital of the company.