Company Mergers, Acquisitions, & JVs News


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Shell Sells Russian Retail And Lubricants Business To Lukoil
Thursday, May 12, 2022Shell has signed an agreement to sell Shell Neft - its retail and lubricants business in Russia to Lukoil.

Blackstone Snaps Up Geosyntec In Global Energy Transition Bet
Tuesday, May 10, 2022Blackstone Inc. is buying a majority stake in Geosyntec Consultants, a firm that shapes waterways, coastlines, dams, and power grids.

Equinor Sells Greater Ekofisk, Martin Linge Stake For $1 Billion
Tuesday, May 10, 2022Equinor has agreed to sell a non-operated share in the Greater Ekofisk Area and a minority share in the Martin Linge field to Sval Energi.

Suncor Opposes Investor Recommendation to Sell Gas Stations
Tuesday, May 10, 2022Suncor Energy Inc. Chief Executive Officer Mark Little said that the company's board and executives will engage in talks with Elliott Investment Management LP but that he disagrees with one of the activist investor's main recommendations.

Standard ETC Buys Stake In Norwegian Offshore Driller For $10MM
Monday, May 09, 2022S.D. Standard ETC has announced the acquisition of 25 percent of Dolphin Drilling for $10 million through an equity issue.

Buckeye Acquires Clean Energy Project Operator
Monday, May 09, 2022Buckeye Partners has entered into a definitive agreement to acquire Bear Head Energy, which owns a clean energy project in an industrial complex in Canada.

Berkshire Buys More Occidental Stock
Thursday, May 05, 2022Berkshire Hathaway Inc. snapped up about 5.9 million more shares of Occidental Petroleum Corp.

Exxon Sells Romanian Subsidiary For $1B To Romgaz
Wednesday, May 04, 2022ExxonMobil has reached an agreement to sell its Romanian upstream affiliate to Romgaz for more than $1B.

Aker BP-Lundin Combo Clears Norwegian Hurdle
Tuesday, May 03, 2022The Aker BP and Lundin Energy merger has been given a green light from all necessary authorities.

Shell Expands Solar Portfolio With Sprng Energy Buy
Tuesday, May 03, 2022Shell has signed an agreement with Actis Solenergi to acquire 100 pct of Solenergi Power for $1.55B and with it the Sprng Energy group of companies.

Mergers And Acquisitions On The Up in Africa
Monday, May 02, 2022The African continent is at the forefront of oil and gas deals with several transformation transactions already agreed.

Keppel-Sembcorp Merger is On
Thursday, April 28, 2022Keppel Corporation and Sembcorp Marine have found common ground for the proposed combination of Keppel O&M and Sembcorp Marine.

TotalEnergies Buys U.S. Renewables Firm Core Solar
Thursday, April 28, 2022TotalEnergies is further expanding its presence in the U.S. renewable energy industry by acquiring Core Solar.

McDermott Joins Hydrogen Hub Project
Wednesday, April 27, 2022The Bacton Energy Hub project could play a significant role in the UK's energy future.

Keppel and Sembcorp Marine Agree Deal
Wednesday, April 27, 2022Sembcorp Marine Ltd. has agreed to merge with Keppel Corp.'s subsidiary.

UK Regulator Spots Issues With Maersk Drilling, Noble Corp. Merger
Monday, April 25, 2022The UK Competition and Markets Authority has raised competition concerns regarding the proposed Noble Corporation-Maersk Drilling merger.

Tidewater Creates Largest OSV Fleet In The World
Monday, April 25, 2022Tidewater has completed its acquisition of Swire Pacific Offshore adding 50 vessels to its fleet and creating the world's largest OSV company.

Kotug Makes Largest Acquisition In History With Seaways Buy
Thursday, April 21, 2022Kotug International has entered into an agreement to acquire offshore support vessel owner Seaways International.

Schlumberger Announces Petronas Collaboration
Tuesday, April 19, 2022The companies recently signed a memorandum of understanding.

TotalEnergies and ENEOS Team Up for SAF Study
Tuesday, April 19, 2022A proposed unit related to the project would have a capacity of 300,000 tons per year of SAF.

TotalEnergies, ENEOS Teaming Up For Solar Power Generation In Asia
Tuesday, April 19, 2022TotalEnergies has signed a JV agreement with ENEOS to develop onsite B2B solar distributed generation across Asia.

U.S. Upstream M&A Going Strong With $14Bn In First Quarter Of 2022
Thursday, April 14, 2022As the U.S. M&A market marched into the new year, $14 billion in deals were announced during the first quarter of 2022, Enverus, an energy data analytics company, said.

Noble, Maersk Might Sell Several Rigs To Get UK Merger Clearance
Wednesday, April 13, 2022Noble Corp. and Maersk Drilling might have to divest some North Sea rigs to get clearance for their merger from the UK's antitrust regulator.

ADNOC Shipping Arm Signs LNG Ship Build Deal
Wednesday, April 13, 2022The new build vessels will each have a capacity of 175,000 cubic meters.

DeepOcean Acquires Engineering Firm Installit
Friday, April 08, 2022DeepOcean Group has signed a deal to acquire Norwegian engineering and technology company Installit and all its units.

Ithaca Energy Buys Cambo Operator Siccar Point
Friday, April 08, 2022Ithaca Energy has reached an agreement to acquire Cambo oil project operator Siccar Point Energy for just short of $1.5 billion.

Texas Bitcoin Miners Sketch Future of Cozying Up to Gas Wells
Sunday, April 03, 2022The Texas Blockchain Council, the crypto industry's lobbying arm, wrote a draft bill.

BP and Uber In New Global Partnership
Friday, April 01, 2022The deal aims to make more than 3,000 retail locations available on Uber Eats by 2025.

Petronas Completes Sale of EPOMS Stake
Friday, April 01, 2022Petronas has completed the sale of its entire ownership in E&P O&M Services (EPOMS) to Janamurni.

Singapore Giants Hope To Combine Businesses By End Of April
Thursday, March 31, 2022Keppel Offshore And Marine and Sembcorp Marine are still negotiating the proposed combination intending to reach a definitive agreement by April 30, 2022.

Transocean Buys Stake in Renewables Player
Wednesday, March 30, 2022Transocean has made a new purchase.

Lamprell Enters Oil And Gas Business Sale Talks
Wednesday, March 30, 2022Lamprell received an early-stage proposal for a majority stake sale in its Oil And Gas business and has entered talks with the interested party.

Eco Atlantic Gets Final Approval And Closes Azinam Buy
Wednesday, March 30, 2022Eco Atlantic has closed the acquisition of Azinam Group's portfolio, thus expanding its footprint offshore South Africa and Namibia.

Petronas Denies Any Sapura Energy Takeover Talks
Monday, March 28, 2022Petronas has denied media reports that it could be buying a significant stake in cash-strapped oil and gas services firm Sapura Energy.

Chevron-Led Kazakh Venture Curbs Oil Production
Friday, March 25, 2022Chevron Corp.'s oil production venture in Kazakhstan is curbing output.

Baker Hughes Buys Well Intervention Services Firm
Thursday, March 24, 2022Baker Hughes has announced it is acquiring Altus Intervention, an international provider of well intervention services and down-hole oil and gas tech.

ADNOC Awards $658MM Deals
Thursday, March 17, 2022The framework agreements take the total value of ADNOC's drilling-related framework deals and procurement awards to over $8.5 billion since November 2021.

Claxton Acquires Oceaneering Decommissioning Business
Thursday, March 17, 2022Acteon's drilling and decom unit Claxton inked a deal to acquire Oceaneering's decommissioning personnel and assets.

Schlumberger Scores Major Saudi Aramco Deal
Wednesday, March 16, 2022Schlumberger (NYSE: SLB) has announced a 'major' contract award.

FAR Exiting Guinea-Bissau. Third Takeover Offer Comes To Nothing.
Wednesday, March 16, 2022FAR Limited has started the withdrawal process from its assets located offshore Guinea-Bissau as its farm-down attempts came to nothing.

APA Corporation Generates Net Proceeds of $1B
Tuesday, March 15, 2022APA Corporation announced the closing of two transactions.

Eco Atlantic Buys Stake In Canje Block Off Guyana
Tuesday, March 15, 2022Eco Atlantic Oil And Gas will be acquiring JHI Associates and with it its 17.5 percent working interest in the Canje Block offshore Guyana.

BP And Eni Combine Angolan Upstream Businesses
Monday, March 14, 2022BP and Eni have formed a new independent company named Azule Energy through the combination of the two companies' Angolan businesses.

Akastor, IKM Create New Offshore Wind Maintenance Firm
Thursday, March 10, 2022Akastor and IKM have created an international operations and maintenance company for the offshore wind industry.

Boardroom Of Unmatched Offshore Driller Filled
Thursday, March 10, 2022Noble Corp. and Maersk Drilling have announced the Board of Directors which will be effective upon the closing of the merger between the two.

Pandion Buying One-Dyas Norge. Doubling Output With Nova First Oil.
Wednesday, March 09, 2022Pandion has agreed to acquire ONE-Dyas Norge. The transaction includes a 10 percent share of the Nova field and 11 licenses.

USA Players In $6B Merger of Equals
Tuesday, March 08, 2022The combined company will have a 'premier' Williston Basin position.

Oil And Gas In Rearview Mirror As Lundin Creates Renewables Firm
Monday, March 07, 2022After Lundin Energy's E&P business completes its merger with Aker BP, the Swedish firm will create a standalone renewable energy company.

ConocoPhillips Completes Exit From Indonesia
Thursday, March 03, 2022ConocoPhillips has completed the sale of its oil and gas assets in Indonesia for $1.36B to local energy firm Medco Energi.

Altrad Buys Sparrows Group For Undisclosed Fee
Thursday, March 03, 2022Altrad has reached an agreement to acquire Sparrows Group, and its 2,000 employees, for an undisclosed fee.