Company Mergers, Acquisitions, & JVs News


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New Cepsa, Sonatrach Contract Expected to Generate 1,500 Jobs
Friday, January 19, 2018 New contract in Algeria is expected to lead to the generation of up to 1,500 new jobs.

VNG to Explore Strategic Options to Maximize E&P Business Value
Friday, January 19, 2018 VNG AG looking to explore 'strategic options' to maximize the value of its oil and gas exploration and production business in Norway and Denmark.

CB&I, Chevron Lummus Global, Saudi Aramco Launch 'Crude-to-Chemical' JV
Thursday, January 18, 2018 Three-way agreement is 'technological first,' says Saudi Aramco president.

Croatia Says At Least Seven Firms Want INA Buyback Role
Wednesday, January 17, 2018 Croatia receives 7 offers from potential advisers to help the government find the best way to buy back shares of energy firm INA.

Noble Group Nets Less Than Expected From Oil Unit Sale To Vitol
Monday, January 15, 2018 Noble Group completes the sale of its U.S.-focused oil business to the world's largest oil trader Vitol.

Oil, Gas Majors to Boost Renewable Spend
Friday, January 12, 2018 Oil and gas majors will continue to strengthen investment into renewable energy and low carbon technology through 2018.

Kuwait Energy In Merger Talks With London-Listed SOCO International
Monday, January 08, 2018 SOCO International evaluating a merger with Middle East oil and gas firm Kuwait Energy.

San Leon Energy Discussions with Potential Offerors CGUP, Geron Terminated
Friday, January 05, 2018 Discussions with potential offerors China Great United Petroleum (Holding) Limited (CGUP) and Geron Energy Investment (Geron) have been terminated, San Leon confirms.

Saudi Arabia Converts Aramco Into Joint-Stock Company Ahead Of Historic IPO
Friday, January 05, 2018 Saudi Arabia changes the status of its national oil giant Aramco to a joint-stock company as of Jan. 1.

DEA Says Talks Over Final Merger Agreement With Wintershall Ongoing
Thursday, January 04, 2018 Talks over a final agreement to merge BASF's oil and gas unit Wintershall with DEA, a vehicle of Russian billionaire Mikhail Fridman, are still ongoing.

Finland Gives Up Control Of Neste As Stake Drops Below 50%
Thursday, January 04, 2018 The Finnish government donates shares in oil refiner and renewable diesel producer Neste.

Shell Progresses Hong Kong, Macau LPG Business Sale
Wednesday, January 03, 2018 Royal Dutch Shell plc completes the sale of the first phase of its Hong Kong and Macau LPG marketing business to DCC LPG.

Weatherford Completes Schlumberger Deal for $430 Mln
Tuesday, January 02, 2018 Weatherford International plc completes the sale of its U.S. pressure pumping and pump-down perforating assets to a subsidiary of Schlumberger Limited.

Shell To Retain Ownership of A/S Dansk Shell After Agreement Termination
Tuesday, January 02, 2018 Shell will retain ownership of A/S Dansk Shell after a sales agreement it signed with Dansk Olieselskab AS (DO) last year was terminated.

Sino Gas Submits Development Plan for Sanjiaobei
Tuesday, January 02, 2018 Sino Gas & Energy Holdings Limited submits the Sanjiaobei Overall Development Plan to its PSC partner PetroChina CBM for approval.

Russia's Rosneft, BP Agree To Jointly Tap Arctic Oil And Gas
Thursday, December 21, 2017 Russian energy giant Rosneft and its shareholder BP agree to jointly develop oil and gas deposits in the Russian Arctic Yamal-Nenets region.

Algeria's Sonatrach Signs $500MM Deal With BP, Statoil
Wednesday, December 20, 2017 Sonatrach signs an agreement with BP and Statoil to produce an additional 11 billion cubic meters of natural gas from its Tiguentourine gas field.

AWE Raises Reserves Estimate At Flagship Gas Field Amid Takeover Offers
Tuesday, December 19, 2017 Australian gas producer AWE Ltd raises the reserves estimate on its flagship Waitsia gas field.

Oil-Focused Engineering Firms McDermott, Chicago Bridge To Merge
Monday, December 18, 2017 McDermott International Inc and Chicago Bridge and Iron NV (CB&I) said they would combine to create a new company.

Exxon, Petrobras Form Alliance To Develop Oil, Gas Projects
Thursday, December 14, 2017 ExxonMobil and Petrobras form an alliance to develop energy projects around the world.

Industry Body Welcomes Arrival of New North Sea Player
Tuesday, December 12, 2017 Industry body Oil & Gas UK welcomes the arrival of new exploration and production joint venture Spirit Energy.

AWE receives acquisition proposal from Mineral Resources Limited
Monday, December 11, 2017 AWE Limited receives an acquisition proposal from Mineral Resources Limited.

Wintershall, DEA Signal Intention to Merge
Friday, December 08, 2017 BASF and LetterOne sign a letter of intent to merge their oil and gas subsidiaries Wintershall and DEA.

Vietnam Signs Crude Oil Supply Deals With SOCAR, Glencore
Friday, December 08, 2017 Vietnam's state-run Binh Son Refining and Petrochemical Co (BSR) and state oil marketer PV Oil sign non-binding term agreements with 2 western trading companies to buy crude.

Total, Sonangol in Angola Pact
Wednesday, December 06, 2017 Total, Sonangol sign several agreements covering both upstream and downstream activities in Angola.

Aker Solutions Bags $483MM Johan Castberg Deal
Tuesday, December 05, 2017 Aker Solutions secure services contract with Statoil worth around $483 million (NOK 4 billion).

Chinese Firm Rescinds Takeover Offer For Australia's AWE
Tuesday, December 05, 2017 Bid to buy AWE has been formally withdrawn.

Danish Tyra Field Gets $3.3B Cash Boost for Redevelopment
Friday, December 01, 2017 The Tyra gas field in the Danish North Sea is going to receive a significant cash injection.

Australia's AWE Gets $325MM Takeover Offer From Chinese Firm
Thursday, November 30, 2017 Australian oil and gas producer AWE Ltd receives a takeover offer worth $325 million.

Chevron, Total, Petrochina May Develop Iraq's Majnoon Oilfield
Thursday, November 30, 2017 Chevron, Total and PetroChina may form a consortium to develop Iraq's Majnoon oilfield, which Royal Dutch Shell wants to exit.

Wood, Saudi Aramco Sign Deal to Help Local Workforces
Wednesday, November 29, 2017 Energy services firm Wood signs a new Memorandum of Understanding with Saudi Aramco, which will help local workforces in the Kingdom of Saudi Arabia.

Welsh Businesses Team Up to Form New Company
Wednesday, November 29, 2017 Two Welsh businesses, which provide specialized geological services for the oil exploration industry around the globe, have formed a new joint venture company.

Sasol Shifts Strategy, Evaluates Chemical Business Split
Wednesday, November 29, 2017 Sasol will consider carving out a separate company from its expanding chemicals business.

Serica to Buy BP Stake in North Sea Fields, Welcome 100+ Staff
Tuesday, November 21, 2017 Serica UK agrees to acquire BP plc's interests in the Bruce, Keith and Rhum fields in the North Sea, in a deal which will see the transfer of approximately 110 BP staff to the company on completion.

Aker BP Enters Drilling, Well Alliances with Halliburton, Maersk, Odfjell
Tuesday, November 21, 2017 Aker BP ASA enters into separate drilling and well alliance agreements.

South Africa Eyes BRICS Partners To Build New $10 Billion Refinery
Tuesday, November 21, 2017 South Africa wants the national oil companies of its BRICS partners to help build a new 400,000 barrel per day refinery.

Offshore US Oil Firms Talos, Stone Energy Plan $2.5B Merger
Tuesday, November 21, 2017 Talos Energy and Stone Energy announced plans to merge and create a new company.

Shell, Bio-Bean Power London Buses with Coffee Ground Biofuel
Monday, November 20, 2017 Royal Dutch Shell plc and Bio-Bean team up to help power London buses with a biofuel made partly from waste coffee grounds.

German Gas Supplier VNG In Talks To Sell Norwegian Energy Business -Sources
Friday, November 17, 2017 German gas supplier VNG is in talks to sell a majority stake in its Norwegian Norge oil and gas business, which could fetch up to $500 million, 3 banking sources say.

New Oil & Gas UK Deal 'Good News' for Future Engineers
Thursday, November 16, 2017 UK offshore oil and gas industry trade body, Oil & Gas UK, strengthens its partnership with the Society of Petroleum Engineers' Aberdeen branch.

Djibouti Signs Preliminary Deal With China's POLY-GCL For $4B Gas Project
Thursday, November 16, 2017 China's POLY-GCL Petroleum Group Holdings Ltd signs an MoU to invest $4B in a natural gas project in Djibouti.

Premier Oil Seeking Buyers For Stake In Indonesia Gas Field
Thursday, November 16, 2017 Premier Oil is seeking buyers for a 25% stake in the Tuna field development in Indonesia after reaching a gas sale deal with Vietnam.

Petrobras CEO Says To Discuss Refining Partnership With CNPC CEO
Wednesday, November 15, 2017 Petrobras CEO Pedro Parente said he will meet this month with the CEO of China National Petroleum Corp.

Eni Enters E&P Agreement for Block 52, Offshore Oman
Tuesday, November 14, 2017 Eni SpA enters into an exploration and production sharing agreement (EPSA) for Block 52, located offshore Oman.

China's CEFC, Rosneft To Study South China Petrochemical Complex
Friday, November 10, 2017 Private conglomerate CEFC China Energy and Rosneft agree to study the possibility of building a petrochemical complex in South China.

Oilfield Services Companies Team Up for New Joint Venture
Friday, November 10, 2017 Oilfield services companies Tasman Oil Tools Group and OLIO Resources Sdn Bhd announce the launch of a new joint venture entity, OLIO Tasman Oil Tools Sdn Bhd.

China Energy Investment Signs MOU For $83.7B In West Virginia Projects
Thursday, November 09, 2017 The agreement was the biggest among a slew of deals signed during US President Donald Trump's state visit to Beijing.

Consortium to Deploy up to $47 Million to Advance Offshore Energy Tech
Thursday, November 09, 2017 A consortium of 5 universities, working with 31 industrial and innovation partners, will deploy up to $47 million of support to advance offshore energy technology.

Russia's Tatneft Says Not In Talks To Sell Entire Company Or Its Part
Thursday, November 09, 2017 Tatneft, Russia's mid-sized oil producer, has not been in any kind of talks and does not plan to hold any discussions on selling a part or the entire company, it said in emailed reply to Reuters on Thursday.

UK To Provide Saudi Aramco With $2B Credit Guarantees
Thursday, November 09, 2017 Britain's government says it will provide Saudi Aramco with $2 billion in credit guarantees so that the Saudi energy giant can buy goods and services from Britain more easily.