LogIn LogOut

Mergers & Acquisitions News

 

TotalEnergies Picks Up OMV’s Upstream Gas Assets in Malaysia

Feb 01, 2024

French energy major TotalEnergies has has signed an agreement with Austria’s OMV to acquire its 50% interest in Malaysian independent gas producer and operator SapuraOMV Upstream for $903 million.The transaction includeds the transfer of a $350 million loan granted by OMV to SapuraOMV, subject to customary closing adjustments.SapuraOMV’s main assets are its 40% operated interest in block SK408 and 30% operated interest in block SK310…

Jadestone Eyes Woodside’s Macedon and Pyrenees Fields Offshore Australia

Feb 13, 2024

Asia Pacific-focused oil and gas company Jadestone Energy has confirmed its participation in the bid process for the proposed sale of Woodside’s interest in the Macedon and Greater Pyrenees projects offshore Western Australia.The bid process…

Nebula Energy Acquires Majority Stake in AG&P LNG for $300M

Jan 31, 2024

Nebula Energy, a U.S.-based asset management company focused on liquefied natural gas (LNG), has acquired majority stake in AG&P LNG for $300 million.With operational headquarters in the UAE, AG&P LNG will now operate as an independent subsidiary of Nebula Energy with key offices in UAE…

Fincantieri Set to Acquire Remazel Engineering

Dec 01, 2023

Fincantieri has set the main terms and conditions for the acquisition of 100% of the shares of Remazel Engineering S.p.A. from Advanced Technology Industrial Group S.A. Remazel is a leader specialized in the design and supply of highly customized and complex topside equipment…

Reach Subsea Buys Australian Marine Survey Firm

Nov 17, 2023

Norwegian subsea services company Reach Subsea has completed the acquisition of the Australian marine survey company Guardian Geomatics Pty. Reach Subsea had announced the proposed acquisition of Guardian Geomatics in October.It said at the…

China's CNOOC, Two Chemical Firms Looking at Shell Singapore Assets - Sources

Oct 31, 2023

At least three Chinese companies, including state giant China National Offshore Oil Company (CNOOC) are evaluating Shell's Singapore assets and considering non-binding bids in the coming weeks for the city-state's oldest refinery, according to several sources familiar with the matter…

Recent Oil Mega-deals Show Hydrocarbons are 'Here to stay' -Saudi Energy Minister

Oct 25, 2023

Saudi Energy Minister Prince Abdulaziz bin Salman said on Tuesday that recent multi-billion dollar acquisitions by U.S. oil majors Exxon Mobil and Chevron of smaller rivals showed that hydrocarbons were 'here to stay'.'Exxon, Chevron didn't buy because they want to have stranded assets…

Mubadala, Inpex Among Suitors for Malaysia's SapuraOMV in $1.2-bln Deal -Sources

Oct 20, 2023

Abu Dhabi state fund Mubadala Investment and Japanese oil and gas explorer Inpex are among firms competing to acquire SapuraOMV in a deal expected to be worth about $1.2 billion, according to two sources with direct knowledge.The sale of the…

Longboat Energy Expands Stake in Block 2A Offshore Sarawak with Topaz Acquisition

Sep 13, 2023

Longboat Energy, an E&P company active in Norway and Malaysia, has agreed to acquire privately held Topaz Number One Limited ('Topaz'), increasing its working interest in the Production Sharing Contract over Block 2A offshore Sarawak, Malaysia ('Block 2A') to 52…

Sinopec Not Interested in Acquiring Shell's Singapore Assets

Aug 28, 2023

Asia's top refiner, Sinopec Corp 0386.HK, is not interested in acquiring Shell's refinery or petrochemical plant in Singapore although it is keen on participating in a shale gas project in Saudi Arabia, the Chinese company's president said on Monday…

Harbour Energy Bids Farewell to Vietnam: Big Energy Steps In

Aug 10, 2023

UK-based oil firm Harbour Energy said Thursday it would sell its business in Vietnam to Big Energy Joint Stock Company for a consideration of $84 million.  Harbour Energy's Vietnam business includes a 53.125 percent interest in the Chim Sao and Dua producing fields in Block 12W…

Japan's Mitsui to Acquire UK's Pipeline Repair Specialist STATS

Jul 05, 2023

Japan's Mitsui & Co. has executed a share purchase agreement to acquire 100% of the issued shares of Aberdeen-based STATS (UK) Ltd., a company that manufactures proprietary energy pipeline repair equipment and provides engineering services.The…

Jadestone Energy Gets NOPTA Nod for CWLH Title Transfer, Key to Drawing RBL

May 17, 2023

Asia-pacific focused oil and gas company Jadestone Energy has received approval from Australia’s National Offshore Petroleum Titles Administrator (“NOPTA”) for the title transfer relating to the acquisition of the interest in the Cossack, Wanaea…

Singapore's Keppel Completes $3.34B Sale of Offshore Unit to Sembmarine

Feb 28, 2023

Singapore's Keppel Corp said on Tuesday that Sembcorp Marine (Sembmarine) has completed a S$4.50 billion ($3.34 billion) buyout of its offshore & marine unit after receiving the necessary shareholder approvals. ($1 = 1.3484 Singapore dollars) (Reuters - Reporting by Jaskiran Singh in Bengaluru…

Sale of CNOOC's $3B UK Portfolio Halted

Jan 31, 2023

CNOOC Ltd, China's top offshore oil and gas producer, has halted a planned sale of its UK North Sea portfolio, which could have been valued at as much as $3 billion, Bloomberg News reported.Although initial offers failed to meet CNOOC's expectations for the business…

Current News

EU to Investigate Chinese Wind Turbine Suppliers

EU to Investigate Chinese Wind Turbine Suppliers

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Yinson Holds Naming Ceremony for Brazil-Bound ‘Greener’ FPSO

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

Sapura Energy to Provide Subsea Services for Shell Off Malaysia

Subscribe for AOG Digital E‑News

AOG Digital E-News is the subsea industry's largest circulation and most authoritative ENews Service, delivered to your Email three times per week

https://accounts.newwavemedia.com