Company Mergers, Acquisitions, & JVs News

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Tidewater To Buy GulfMark As Offshore Drilling Eyes Recovery
Monday, July 16, 2018 Tidewater says it will buy smaller rival GulfMark Offshore in an all-stock deal to create a $1.25 billion company.

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.

Total Completes Acquisition of Engie's Upstream LNG Business for $1.5B
Friday, July 13, 2018 Total completes the acquisition of Engie's portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.5 billion.

Mexichem Agrees to Buy Pemex's Petroquimica Mexicana de Vinilo Stake
Friday, July 06, 2018 Mexichem said it would pay roughly $178.7 million for Pemex's 44.09 percent stake in the company.

CNPC To Sign Oil Exploration, Refining Pact With ADNOC This Month - Sources
Friday, July 06, 2018 CNPC is expected to sign a preliminary agreement with ADNOC later this month to invest in oil and gas exploration and refinery projects, sources with knowledge of the matter say.

Brazil's Petrobras, China's CNPC Sign Letter Of Intent
Wednesday, July 04, 2018 Petroleo Brasileiro SA says it has signed a letter of intent with China National Petroleum Corp (CNPC).

New Decommissioning Leadership Group Formed
Wednesday, July 04, 2018 Decom North Sea forms a new Decommissioning Leadership Group.

Combined Concho-RSP Company 'Will Likely be in a Very Good Position'
Tuesday, July 03, 2018 With Concho Resources expected to complete its purchase of RSP Permian in 3Q, Rigzone looks at analyst views of the deal.

JERA Beefs Up Into Asian Trading Giant With EDF's LNG Business
Tuesday, July 03, 2018 Japan's JERA has bulked up into one of Asia's biggest energy traders.

Eni Norge, Point Resources to Merge into Var Energi AS
Monday, July 02, 2018 Italy based energy company Eni and private equity investor HitecVision announce Monday an agreement to merge Point Resources AS into Eni Norge AS.

Decom Joint Venture Launches New Name
Friday, June 29, 2018 The 50:50 decommissioning joint venture between Maersk Drilling and Maersk Supply Service launches its new name.

Saudi Aramco Signs Deal To Make Onshore Oil Rigs, Equipment
Thursday, June 28, 2018 audi Aramco signed a deal with National Oilwell Varco Inc. (NOV) to form a joint venture.

India Rethinks Decision To Split Up Gas Utility Gail Ltd
Thursday, June 28, 2018 India is working on plans to enable gas utility GAIL to keep its marketing and pipeline operations separate without breaking up the company.

Atkins Secures New Framework Contract with BP Global Wells Organization
Monday, June 25, 2018 Atkins, a member of the SNC-Lavalin Group, secures a 5-year framework contract with the BP global wells organization for global riser analysis services.

Qatar May Increase Stake In Rosneft, But No Current Plans
Thursday, June 21, 2018 Qatar may consider increasing its stake in Rosneft at some point but there are no immediate plans to do so, Faisal Alsuwaidi, a Qatari representative on the Rosneft board of directors, says.

Cox Oil to Buy Energy XXI Gulf Coast for $322 Million
Monday, June 18, 2018 Cox Oil snaps up Energy XXI Gulf Coast for $322 million, a 21% premium to its June 15 share price.

Baytex to Buy Raging River in $1.2B Oil Sands Deal
Monday, June 18, 2018 Baytex Energy Corp. agrees to buy rival western Canadian oil producer Raging River Exploration Inc.

Source: Activist Fund Oasis Takes Stakes in Japan's Idemitsu & Showa Shell
Friday, June 15, 2018 Oasis Management has taken stakes in Japanese oil refiners Idemitsu Kosan Co Ltd and Showa Shell Sekiyu, keen to encourage a proposed merger that has been opposed by Idemitsu's founding family.

Albania's Albgaz and Italy's Snam Sign Gas Joint Venture Deal
Monday, June 11, 2018 Snam has signed a joint-venture deal with Albania's newly-created Albgaz to provide operational and maintenance services for gas pipelines in Albania, the Italian company said.

UK-Based Pryme Group Acquires Hydratron
Friday, June 08, 2018 Pryme Group, a UK-based service provider for the oil and gas industry, acquires Hydratron as part of its 'growth plans'.

Russia's Gazprom Says Loans 2.14B Euro To Turkstream Operator
Monday, June 04, 2018 Russian gas company Gazprom says it would loan up to 2.14 billion euros ($2.5 billion) to its subsidiary South Stream Transport B.V.

Report: 90% of Oil, Gas Execs Expect Global M&A Market to Improve
Friday, June 01, 2018 90% of oil and gas executives now expect the global mergers and acquisitions market to improve in the next 12 months, according to EY's Oil & Gas Global Capital Confidence Barometer.

Petronas Agrees to Acquire 25% Stake in LNG Canada Project
Thursday, May 31, 2018 Petronas agrees to acquire a 25% stake in the LNG Canada project in Kitimat, British Columbia.

Lone Star Bets On China In $401MM Bid For Australia's Sino Gas & Energy
Thursday, May 31, 2018 Australia's Sino Gas & Energy Holdings Ltd agrees to a $401 million takeover offer from U.S. private equity firm Lone Star.

Azerbaijan's SOCAR Signs Deals For Caspian Fields With Equinor
Wednesday, May 30, 2018 Azeri state oil company SOCAR and Norway's Equinor sign a risk service contract for the development of the Karabakh offshore oil and natural gas field in the Caspian Sea.

RBS To Stop Financing New Coal Plants, Oil Sands Or Arctic Oil Projects
Tuesday, May 29, 2018 Britain's Royal Bank of Scotland tightens restrictions on project finance and general lending for high-carbon energy projects and companies.

Total Takes FID on $1.2B Angola Deep Offshore Development
Tuesday, May 29, 2018 Total S.A takes the final investment decision to launch the Zinia 2 deep offshore development in Block 17, 93 miles offshore Angola.

UAE's Mubadala To Take Stake In Subsidiary Of Russia's Gazprom
Thursday, May 24, 2018 Abu Dhabi's state-owned Mubadala Investment Company acquires a 44% stake worth at least $271 million in an oil subsidiary of gas giant Gazprom, the Russian company says.

Australia's Santos Rejects Harbour Energy's Final $10.8B Takeover Offer
Tuesday, May 22, 2018 Australia's Santos terminates discussions with Harbour Energy.

Australia's Santos Gets Final Sweetened $10.8B Bid From Harbour Energy
Monday, May 21, 2018 U.S.-based Harbour Energy makes a final offer of $10.8 billion for Australia's Santos Ltd, hiking its bid for a fifth time in nine months.

Australia's Santos Gets $10.4B Bid From Harbour; Investors May Want More
Thursday, May 17, 2018 U.S. investment fund Harbour Energy formalises its $10.36 billion bid for Australia's Santos Ltd on Thursday but fails to sweeten its offer.

Santos Suitor Harbour Works With Target's Top Shareholders To Seal Takeover
Tuesday, May 15, 2018 Santos Ltd's suitor Harbour Energy says it is working with its target's top shareholders toward sealing a takeover offer for the Australian gas producer.

Total, Shell Sign Energy Development Agreements with Oman
Monday, May 14, 2018 Total and Shell sign energy development agreements with the government of Oman.

McDermott International Closing CB&I Deal On Thursday, Saudi Arabia Is Key
Friday, May 11, 2018 McDermott International Inc will close its acquisition of Chicago Bridge and Iron Co NV.

Wood Group Sees Good Trading Momentum, Amec Integration Ahead Of Schedule
Friday, May 11, 2018 Wood Group Plc sees good trading momentum in Q1 and says its integration of Amec Foster Wheeler is ahead of schedule.

Total to Sell Retail Business in Haiti
Wednesday, May 09, 2018 Total revealed Wednesday that it has signed an agreement to sell its retail business in Haiti, which consists of a network of 92 service stations and general trade fuel sales operations.

Shell To Sell Stake In Canadian Natural For About $3.3B
Tuesday, May 08, 2018 Shell's Shell Gas B.V. unit will sell its entire stake in Canadian Natural Resources Ltd for $3.3 billion.

Marathon to Buy Andeavor in $23.3 Billion Oil-Refining Deal
Monday, April 30, 2018 Marathon Petroleum Corp. agrees to buy rival oil refiner Andeavor for $23.3 billion.

Report: EMU Deal Activity Shifting Toward Power, Utilities
Tuesday, April 24, 2018 Energy, mining and utilities deals have long been dominated by oil and gas transactions, but now they appear to be moving closer toward the power and utilities space.

Saipem Scouting Around as Subsea 7 Bid Makes Waves
Tuesday, April 24, 2018 Italian oil services group Saipem is looking round for growth opportunities.

Libya Examines Total-Marathon Purchase, Casting Doubt On Deal - Sources
Monday, April 23, 2018 Libya is considering whether to intervene in a $450 million deal that French major Total announced last month to buy a Marathon Oil stake in the country's Waha concessions, several sources tell Reuters.

Subsea 7 Makes $2B Hostile Bid To Break Up Mcdermott's U.S. Deal
Monday, April 23, 2018 Offshore oil services firm Subsea 7 makes an unsolicited offer for U.S. rival McDermott for about $2 billion, potentially breaking up the U.S. company's agreed deal with Chicago Bridge & Iron.

Yorktown Selling Egypt Oil Business Merlon -Sources
Friday, April 20, 2018 Private equity firm Yorktown Partners is selling its Egyptian-focused oil and gas company Merlon International, hoping to raise up to $400 million, 2 banking sources told Reuters.

Wood, Cisco, Roue Open New O&G Advanced Technology Center in Mexico
Friday, April 20, 2018 Wood, Cisco and Roue Consultores open a new oil and gas Advanced Technology Center (ATC) at Wood's operations center in Naucalpan, Mexico.

Now France's Oil Major Is Getting Ready for an Electric Future
Thursday, April 19, 2018 Total's action follows a similar utility acquisition by Royal Dutch Shell Plc in December.

BP, RIL Sanction Second Phase of KG D6 Development
Thursday, April 19, 2018 BP plc and Reliance Industries Limited announce the sanctioning of the 'Satellite cluster' project in Block KG D6, located offshore India.

UK's Weir To Buy U.S. Mining Tools Maker ESCO For $1.05B
Thursday, April 19, 2018 Weir Group Plc, which makes pumps and valves for mining and energy industries, says it will buy ESCO Corp, a U.S.-based maker of equipment parts, for an equity value of $1.05 billion.

Greece Launches Tender To Sell Majority Stake In Hellenic Petroleum
Wednesday, April 18, 2018 Greece launches an international tender to sell a majority stake in Hellenic Petroleum as part of its third international bailout.

Woodside Sees New Momentum On Long-Delayed Browse Gas Project
Wednesday, April 18, 2018 The long-delayed Browse gas project off Western Australia has gained key support.

Italy's Eni Plans Investments In Algeria Worth Billions In Next Three Years
Tuesday, April 17, 2018 Eni plans billions of investments in Algeria over the next 3 years, the company's CEO says.