Company Mergers, Acquisitions, & JVs News

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TotalEnergies Gets Support For Giant Mirny Wind Farm In Kazakhstan
Friday, December 02, 2022TotalEnergies has sold its Kazakhstan affiliate Total E&P Dunga and has received support for its Mirny wind farm project in the country.

CNOOC Pays $2Bn To Petrobras For Additional Buzios Stake
Thursday, December 01, 2022Petrobras has received nearly $2Bn for the transfer of an additional interest in the Buzios field to Chinese energy major CNOOC.

Eni Weighs Takeover of $5B Neptune
Wednesday, November 30, 2022Eni is considering a takeover of private equity-backed oil and gas explorer Neptune Energy Group Ltd, people familiar with the matter said.

Suncor To Keep Petro-Canada Retail Business
Wednesday, November 30, 2022Following a review, Suncor Energy has decided to retain and optimize the Petro-Canada retail business.

Shell Buys Renewable Natural Gas Producer For $2 Billion
Tuesday, November 29, 2022Shell has reached an agreement to acquire Nature Energy Biogas for nearly $2 billion.

Shell Selling Stakes in UK North Sea Oil Fields
Sunday, November 27, 2022Shell is selling its stakes in a group of North Sea oil fields, according to marketing materials seen by Bloomberg News.

Sempra and ConocoPhillips Strike 20 Year LNG Deal
Friday, November 25, 2022Sempra Infrastructure and ConocoPhillips have executed a 20-year Sale and Purchase Agreement for five million tons per annum of LNG.

Saudi Aramco Base Oil Gets Nod for $1B Riyadh IPO
Thursday, November 24, 2022Saudi Aramco Base Oil Co has received regulatory approval for an initial public offering in Riyadh.

Keppel Delivers First Of Three Jack-Ups To ADNOC Drilling
Thursday, November 24, 2022Keppel Offshore & Marine has delivered the first of three jack-up rigs to ADNOC Drilling.

Aramco Signs 59 Deals Worth $11B
Wednesday, November 23, 2022The deals have the potential to create 5,000 new jobs in the Kingdom of Saudi Arabia over the next decade.

Diamondback Makes Lario Permian Deal
Monday, November 21, 2022'Lario is an attractive bolt-on to our existing Martin County position, home to some of the best rock in the Permian Basin'.

Keppel and MET Form West European Renewables JV
Friday, November 18, 2022Keppel Infrastructure and MET Group have formed a joint venture to pursue renewable energy opportunities in Western Europe.

Sembcorp Buys Vector Green Adding 583MW Of Renewables In India
Monday, November 14, 2022Sembcorp Industries has signed an agreement to acquire Vector Green Energy for a base equity consideration of around $345 million.

Germany to Nationalize Ex-Gazprom Unit
Monday, November 14, 2022Germany will nationalize the former European trading and supply unit of Gazprom PJSC.

Marathon Deal Exemplifies Dominant Theme of Post Covid Market
Monday, November 14, 2022'The deal addresses one of the key issues for Marathon'.

Brookfield Makes $12B Bet Away From Fossil Fuels
Thursday, November 10, 2022Brookfield Asset Management led an $11.8B offer to acquire Origin Energy, its latest bid to add exposure to Australia's accelerating shift away from fossil fuels.

Crystal Amber Interested In Accepting Bid For Hurricane Energy
Monday, November 07, 2022Hurricane Energy's board has rejected an indicative bid for the company's share capital, but Crystal Amber is thinking differently.

Exxon Set To Lose $2B On California Offshore Field Sale
Monday, November 07, 2022ExxonMobil is expected to lose about $2 billion when it sells an oil field off the coast of California.

3t Energy Group Acquires Training Firm
Friday, November 04, 20223t Energy Group has further enhanced its training capabilities with the acquisition of Utility and Construction Training.

Equinor Buys European Solar Developer
Thursday, November 03, 2022Equinor has signed an agreement to buy BeGreen, a leading solar project developer in North-West Europe.

Saipem Sells Onshore Drilling Business To KCA Deutag
Wednesday, November 02, 2022Saipem has closed the sale its onshore drilling business to KCA Deutag in a transaction worth $550 million.

Shell Adds Another Asset West Of Shetland
Wednesday, November 02, 2022Shell has increased its West of Shetland asset portfolio by acquiring Reabold Resources' investee company Corallian Energy.

OKEA Closes Wintershall Dea Stakes Buy In Three Offshore Fields
Wednesday, November 02, 2022OKEA has completed the acquisition of Wintershall Dea's interests in three offshore fields in the Norwegian part of the North Sea.

BP Sheds Stake In Australian Oil-Producing Fields
Tuesday, November 01, 2022Jadestone Energy has acquired BP's stake in a Woodside Energy-operated North West Shelf Oil Project offshore Australia.

Shell Completes Sale Of Philippines Gas Field
Tuesday, November 01, 2022Shell has completed the sale of its 100 percent shareholding in its Philippines subsidiary to Malampaya Energy XP.

Sembcorp Scraps Keppel O&M Merger, Opts For $3.2B Acquisition
Friday, October 28, 2022Sembcorp Marine has decided to directly buy Keppel's offshore and marine unit for $3.19 billion instead of pursuing a merger any further.

SLB Acquires Gyrodata Incorporated
Friday, October 28, 2022SLB has entered into an agreement to acquire Gyrodata Incorporated, a global company specializing in gyroscopic wellbore positioning and survey technology.

ABL Group Brings HOSE International Under Its Wing
Thursday, October 27, 2022ABL Group has acquired HOSE International with the latter's UK business becoming part of ABL's global operations.

Updated Bechtel Port Arthur LNG Deal Worth $10.5B
Friday, October 21, 2022The amended deal includes an updated price of approximately $10.5 billion.

Somalia Signs Oil Production Sharing Agreement With USA Company
Friday, October 21, 2022Somalia's government signed an oil-production sharing agreement with U.S.-based Coastline Exploration Ltd.

Seadrill Closes Sale Of Seven Jack-Ups To ADES
Thursday, October 20, 2022Seadrill Limited has closed the sale of seven jack-ups located in Saudi Arabia to ADES Arabia Holding.

Summit Midstream Expands With DJ Basin Asset Acquisitions
Wednesday, October 19, 2022Summit Midstream will expand its Denver-Julesburg basin assets through acquisitions totaling $305 million in cash.

Analysts Say TC Energy Could Divest Keystone Oil Pipeline
Wednesday, October 19, 2022TC Energy Corp. could sell billions of dollars of assets.

BP to Buy USA Biogas Producer for $4.1B
Monday, October 17, 2022BP Plc agreed to acquire biogas producer Archaea Energy Inc.

Hamm Boosts Offer to Take Continental Private
Monday, October 17, 2022Billionaire wildcatter Harold Hamm boosted his offer to $4.3 billion for the remaining stock his family doesn't already own in Continental Resources.

Vaalco And TransGlobe Energy Complete Merger
Monday, October 17, 2022Vaalco Energy has gone through with the stock-for-stock combination with TransGlobe Energy.

Diamondback Energy to Buy Permian Driller for $1.6B
Wednesday, October 12, 2022Diamondback Energy Inc agreed to buy closely held FireBird Energy LLC.

MidOcean Acquires Tokyo Gas Australian LNG $2.15B Portfolio
Wednesday, October 12, 2022MidOcean has signed an agreement with Tokyo Gas to acquire the latter's interest in four liquefied natural gas projects in Australia.

Putin Orders Sakhalin-1 Project Transferred to Russian Entity
Monday, October 10, 2022President Vladimir Putin signed a decree to transfer operations of the Sakhalin-1 oil and gas project to Russia.

TransGlobe Energy Shareholders Approve Vaalco Combination
Monday, October 10, 2022TransGlobe Energy Corporation has approved the proposed strategic business combination with Vaalco Energy at a recent Special Meeting.

Shelf Drilling Wraps Up Acquisition Of Five Noble Jack-Ups
Friday, October 07, 2022Shelf Drilling has completed the acquisition of five jack-up rigs from various subsidiaries of Noble Corporation.

Sval Energi Wraps Up Equinor, Suncor Deals Worth 1.3Bn
Tuesday, October 04, 2022Sval Energi has closed the Martin Linge and Greater Ekofisk Area transactions with Equinor and the acquisition of Suncor Energy Norge.

Noble And Maersk Drilling Create Leader In Offshore Drilling
Monday, October 03, 2022After almost a year since its announcement, Noble Corporation and Maersk Drilling have completed their business combination.

Tullow Not The Right Suitor, Capricorn Merging With NewMed
Friday, September 30, 2022Capricorn and NewMed have announced a proposed combination to create a MENA gas and energy firm listed in London.

Saudi Oil Driller IPO Covered Within Hours
Wednesday, September 28, 2022Investors snapping up all shares on offer shows demand for Saudi IPOs remains strong.

QatarEnergy Selects First International Partner for NFS Expansion Project
Tuesday, September 27, 2022The NFS development comprises two LNG 'mega' trains with a combined capacity of 16 million tons per annum.

Talos To Buy EnVen Energy For $1.1 Billion
Thursday, September 22, 2022Talos Energy has bought private U.S. Gulf of Mexico deepwater operator EnVen Energy for $1.1 billion.

Origin to Sell 100 Percent of Its Beetaloo Basin Stake
Tuesday, September 20, 2022Origin Energy Limited has revealed that it will divest 100 percent of its interest in the Beetaloo Basin.

KCA Deutag Secures Job Extensions to the Tune of $112MM
Monday, September 19, 2022KCA Deutag has secured job extensions, as well as options, worth around $112 million.

API, OOC Sign Wind Energy MOU
Friday, September 16, 2022Under the MOU, both parties will leverage their expertise and existing natural gas and oil industry standards to develop a safety management systems standard for offshore wind operations and assets.