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Ensco and Rowan Extend Time to Decide on Merger
Friday, January 18, 2019 The two companies have convened and adjourned its general meeting in which they were scheduled to approve resolutions on their merger.
MEG Plans to Spend Less and Boost Oil Output
Friday, January 18, 2019 MEG Energy Corp. looks to be on its own again after Husky Energy Inc. pulled its hostile bid for the Canadian oil-sands producer.
Husky Ends MEG Takeover Bid
Thursday, January 17, 2019 Husky Energy abandons its hostile bid to acquire MEG Energy Corp after failing to win support from shareholders and the board of the rival oil-sands producer.
Atlas Professionals Buys Brander
Wednesday, January 16, 2019 Energy recruitment specialist Atlas Professionals acquires technical recruitment company Brander.
Ophir Energy's Board Rejects Medco's Takeover Proposal
Tuesday, January 15, 2019 Ophir's board unanimously rejected the proposal, saying it's undervaluing Ophir.
Ensco Proposes Sweeter Deal for Merger with Rowan
Monday, January 14, 2019 Ensco proposes to increase the exchange ratio for its merger with Rowan Companies.
Oil Giant to Issue First Global Bond in 2019
Thursday, January 10, 2019 Saudi Aramco plans to tap the debt market in 2Q to finance the acquisition of Sabic, likely issuing its first ever international bond and disclosing its accounts in the process.
Shell Wraps Up Hazira Deal
Thursday, January 10, 2019 Shell Gas B.V. completes the acquisition of a 26% equity interest in the Hazira LNG and Port venture in India from Total Gaz Electricite Holdings France.
US Upstream M&A Deal Value for 2018 Highest in 4 Years
Tuesday, January 08, 2019 A new report by Drillinginfo reveals $84 billion worth of upstream M&A deals, making it the highest total since 2014.
QEP Resources Receives $2B Takeover Bid
Monday, January 07, 2019 Elliott Management Corp. has offered up $2.07 billion in cash for 'undervalued' QEP Resources.
Faroe Fights DNO Offer With Valuation Report
Wednesday, January 02, 2019 Faroe Petroleum says its value far surpasses a bid by DNO ASA.
Medco in Talks to Potentially Take Over Ophir Energy
Wednesday, January 02, 2019 The two companies have been discussing a possible all-cash acquisition, with the deadline for a firm offer or walk-away expected by Jan. 28.
Earthstone Terminates Sabalo Acquisition
Thursday, December 27, 2018 Earthstone Energy and Sabalo Energy have terminated their deal based on poor market conditions.
ONE, Dyas Merger Agreed
Friday, December 21, 2018 An agreement has been reached on the merger of ONE and SHV Holdings' upstream energy businesses.
US Gulf of Mexico On Track for Historic 2019
Thursday, December 20, 2018 Activity booms, first-ever production and key sanctions are some of the factors leading to a grand year for the US Gulf of Mexico, analysts say.
Stonepeak and Brookfield In Talks to Buy Tallgrass
Wednesday, December 19, 2018 An investor group that includes Stonepeak Infrastructure Partners and Brookfield Asset Management is considering a deal to buy Tallgrass Energy.
CNOOC in Cooperation Pact with Majors
Tuesday, December 18, 2018 China National Offshore Oil Corporation signs strategic cooperation agreements with several oil and gas majors.
Sources Say Shell In Talks to Buy Endeavor
Tuesday, December 18, 2018 Shell is in negotiations to buy Endeavor Energy Resources for about $8 billion, according to people familiar with the matter.
New Exploration and Production Company Created
Wednesday, December 12, 2018 Eni announces the creation of Var Energi AS.
Well-Centric Buys Simmons Edeco Europe
Thursday, December 06, 2018 Well-Centric, a FrontRow Energy Technology Group company, announces the acquisition of Simmons Edeco Europe.
DEA to Buy Sierra Oil and Gas
Wednesday, December 05, 2018 DEA Deutsche Erdoel AG signs an agreement to acquire Sierra Oil & Gas.
Accenture Acquires Enaxis Consulting
Tuesday, December 04, 2018 Accenture acquired Enaxis Consulting to help grow its oil and gas business in North America.
Four Things Upstream Firms Can Change in 2019
Thursday, November 29, 2018 BCG has identified four domains in which upstream companies can seize opportunities to transform themselves.
Oil and Gas Portfolios Get Closer Look
Wednesday, November 28, 2018 Disruptive forces are forcing oil and gas executives to intensify their portfolio reviews, EY reports.
ADNOC Adds Wintershall to UAE Mega Project
Tuesday, November 27, 2018 ADNOC and the Abu Dhabi Government add Wintershall to the Ghasha ultra-sour gas mega project.
Sabic Team Scouring World for M&A Deals
Tuesday, November 27, 2018 Sabic is targeting acquisitions and partnerships with oil majors as the petrochemicals giant seeks to expand in faster-growing markets.
Par Pacific Buys US Oil and Refining for $358MM
Tuesday, November 27, 2018 Par Pacific's acquisition of Tacoma, WA based US Oil will significantly boost the company's mainland refining and logistics presence.
Ensign Completes Hostile Takeover of Trinidad Drilling
Tuesday, November 27, 2018 Ensign Energy beats out Precision Drilling in a bidding war for Trinidad Drilling.
TurkStream Gas Pipeline Offshore Section Complete
Tuesday, November 20, 2018 The construction of the offshore section of the TurkStream gas pipeline in the Black Sea has been completed.
ACCC Clears Way for Santos' Quadrant Energy Buy
Monday, November 19, 2018 The Australian Competition and Consumer Commission clears the way for Santos' acquisition of Quadrant Energy.
Oman Merges Oil Companies to Create Refining-to-Trading Business
Monday, November 19, 2018 The largest Persian Gulf producer that's not an OPEC member is combining state-run oil investment and refining companies to form a business that spans pumping crude and natural gas to processing and trading fuels.
Cimarex Acquires Resolute Energy in $1.6B Deal
Monday, November 19, 2018 Denver-based Cimarex will purchase Resolute in a cash and stock deal valued at $1.6 billion.
US Majors Said to Mull Bids for Endeavor Energy
Tuesday, November 13, 2018 Chevron and Exxon are among the companies considering first-round bids this month for Endeavor Energy Resources, according to people with knowledge of the matter.
GE Looks to Speed Up Separation from Baker Hughes
Tuesday, November 13, 2018 The companies agree to a deal which frees up GE to begin selling Baker Hughes stock.
GE's Knack for Bad Timing Strikes Again
Tuesday, November 13, 2018 General Electric Co.'s plan to unravel its Baker Hughes stake smacks of desperation.
ADNOC and Aramco Sign Gas Pact
Monday, November 12, 2018 ADNOC signs a framework agreement with Saudi Aramco to explore potential opportunities for collaboration in the natural gas and LNG sectors.
Oasis Petroleum Sells Assets to Oasis Midstream
Friday, November 09, 2018 Oasis Midstream Partners LP is buying assets from Oasis Petroleum Inc. for $250 million.
3T Energy Group Buys Survivex
Friday, November 02, 2018 Global technology and training organization, 3T Energy Group, acquires offshore training company Survivex.
Encana to Acquire Newfield for $5.5 Billion
Thursday, November 01, 2018 Encana reverses course with a $5.5 billion acquisition of a US shale producer in what will be the company's biggest-ever deal.
Chesapeake Buys WildHorse for Almost $4B
Tuesday, October 30, 2018 Oklahoma-based Chesapeake Energy will acquire WildHorse, which operates in the Eagle Ford and Austin Chalk. (Pictured: Chesapeake's CEO Doug Lawler)
European Majors Team Up to Explore Algeria Offshore
Monday, October 29, 2018 Eni, Total and Sonatrach sign 2 agreements which include an exclusive partnership for offshore exploration in Algeria.
Denbury Acquires Penn Virginia in $1.7B Deal
Monday, October 29, 2018 Denbury Resources Inc. has entered into a definitive merger agreement to acquire Penn Virginia Corporation in a $1.7 billion deal.
Australian Firm Takes 1st Step in North Sea Push
Friday, October 26, 2018 Talon Petroleum Limited enters into an agreement with Corallian Energy Limited to earn a 10% stake in License P2396.
Plan Submitted for 2014's Largest Oil Find
Thursday, October 25, 2018 The development and exploitation plan for the SNE field offshore Senegal has been submitted on schedule to the government.
Big Oil Woos China With $24B Spree
Thursday, October 25, 2018 A Chinese archipelago that served as a pirate's den in centuries past is luring the world's energy giants.
Saudi Aramco Signs Deals Worth Over $34B
Wednesday, October 24, 2018 Saudi Aramco signs 15 Memoranda of Understanding and strategic and commercial collaborations valued at more than $34 billion.
Jacobs Sells Energy Segment for $3.3B
Monday, October 22, 2018 Jacobs Engineering Group agrees to sell its Energy, Chemicals and Resources segment to WorleyParsons Limited for $3.3 billion.
Petronas Buys into Khazzan Field
Monday, October 22, 2018 Oman Oil Company Exploration and Production has agreed to sell a 10% stake in Block 61, where the Khazzan field is located, to PC Oman Ventures, a wholly owned subsidiary of Petronas.
Russia Is Said to Offer Exxon New Projects
Friday, October 19, 2018 Russia is said to offer ExxonMobil new projects as U.S. sanctions loom.
Tallgrass and Silver Creek Grow Powder Basin JV
Wednesday, October 17, 2018 Midstream companies Tallgrass Energy and Silver Creek Midstream are expanding their joint venture in Wyoming's Powder River Basin.