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Mergers & Acquisitions News

 

Wintershall, DEA Complete Merger

May 03, 2019

The merger between oil and gas firms Wintershall Holding GmbH and Deutsche Erdoel AG (DEA) has been completed, creating the largest independent exploration and production company in Europe.Wintershall DEA will be headquartered in Hamburg, with activities across Europe…

Nauticor Acquires World's Biggest LNG Bunkering Ship

May 03, 2019

AB Klaipedos nafta (KN), the operator of oil products and liquefied natural gas (LNG) terminals, and the German company Nauticor GmbH & Co. have agreed on the sale of KN’s 10% stake in the charter contract of Kairos, the world’s largest LNG bunker supply vessel to Nauticor…

Teekay Sells Offshore Stake to Brookfield

May 01, 2019

The provider of international crude oil and gas marine transportation, Teekay Corporation announced  an agreement to sell to Brookfield Business Partners all of the Company’s remaining interests in Teekay Offshore Partners for total proceeds of $100 million in cash…

TAQA Buys Schlumberger Rigs for $415mln

May 01, 2019

Saudi Arabia’s Industrialization and Energy Services Company (TAQA) announced that its drilling subsidiary, Arabian Drilling Company (ADC), has agreed to acquire Schlumberger’s Middle East drilling rigs business in Kuwait, Oman, Iraq and Pakistan for $415 million (SR1…

Anadarko to Resume Talks with Occidental

Apr 29, 2019

Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid, putting pressure on Chevron Corp to raise its $33 billion offer for the oil and gas producer.Anadarko said its board had…

Anadarko Bidding War Heats Up

Apr 29, 2019

American multinational energy corporation Chevron is working on integrating the hydrocarbon exploration company Anadarko Petroleum, even as it faces a higher rival takeover bid for the oil explorer from Occidental Petroleum Corp, said a report in Bloomberg…

Chevron Profit Falls 27%

Apr 26, 2019

Chevron Corp's first-quarter profit fell 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but topped forecasts and signaled it is committed to buying smaller rival Anadarko Petroleum Corp…

Novatek Sell 20% Stake in Arctic LNG 2 to China

Apr 26, 2019

Russian gas producer Novatek said on  that it had signed agreements with two Chinese companies to sell a combined 20 percent stake in its new liquefied natural gas project, Arctic LNG 2.Under the agreement, the Chinese firms -CNOOC and CNODC…

Delek Nearing Deal for Chevron's North Sea Fields

Apr 24, 2019

Israel's Delek Group is close to clinching Chevron's oil and gas fields in the British North Sea, which have a price tag of around $2 billion, sources familiar with the matter told Reuters.Delek, via its North Sea oil and gas operator Ithaca Energy…

Occidental Tops Chevron's Bid for Anadarko

Apr 24, 2019

Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp.Both suitors are offering a premium…

Oman LNG Settles $2bln Loan in Advance

Apr 22, 2019

Oman Liquefied Natural Gas LLC has announced that it has successfully repaid its US$2 billion loan facility obligation ahead of schedule, saving interest costs.According to Oman News Agency, the move is part of the company’s ongoing efforts to reduce financial costs and support Oman’s credit rating…

Aramco Buys Shell's Stake in Saudi JV

Apr 21, 2019

The Saudi Arabian Oil Company (Saudi Aramco) is  planning to buy oil major Shell's 50% stake in Saudi Aramco Shell Refining Co (SASREF), a Saudi refining complex developed as a joint venture between the two oil companies,  for $631 million.Abdulaziz Al-Judaimi…

Oryx Acquires South African Marine Fuels

Apr 19, 2019

Oryx Energies, a provider of oil and gas products and services, has acquired the majority stake in South African Marine Fuels (SAMF), a bunkering company in Algoa Bay, Eastern cape, South Africa.Founded in 2016, SAMF is a woman-run enterprise…

Chrysaor to Buy ConocoPhillips’ UK Assets

Apr 18, 2019

Chrysaor has reached a deal to acquire ConocoPhillips’ oil and gas exploration and production assets in the UK for $2.675 billion, the companies announced on Thursday.Full-year 2018 production and year-end 2018 proved reserves associated with the assets being sold were approximately 72…

Hyundai Heavy Sells Oil Stake to Saudi Aramco

Apr 15, 2019

South Korean shipyard Hyundai Heavy Industries sells its share of oil refinery Hyundai Oilbank to Saudi Arabian oil giant Saudi Aramco.According to a press release, Saudi Aramco’s subsidiary,  Aramco Overseas Company B.V (AOC) will purchase a 17% stake in South Korea's Hyundai Oilbank…

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