Mergers & Acquisitions News


Brazil's PetroRio Looks to Buy Dommo Energia in $180M Deal

Sep 02, 2022

Brazilian oil company PetroRio said on Thursday it signed a memorandum of understanding to buy Dommo Energia, formerly known as OGX Petroleo e Gas SA, in a deal valued at 942.9 million reais ($179.9 million).Once the darling of Brazil's one-time richest man Eike Batista…

KOTUG Buys Seaways

Sep 01, 2022

Dutch marine services and towage firm KOTUG has closed the acquisition of Seaways, first announced in April. The fee was not disclosed.'The acquisition of Seaways brings together the assets, expertise and people of two leading companies that…

M&A: UK CMA Accepts Noble, Maersk Drilling Plan to Sell 5 Rigs to Alleviate Competition Concerns

Sep 01, 2022

The UK Competition and Markets Authority (CMA) has accepted Noble Corp. and Maersk Drilling's plan to sell certain rigs operating in the North Sea in order to alleviate competition concerns arising from the two drillers' planned merger.The two…

Alfa Laval Buys Tank Cleaning Firm Scanjet

Aug 31, 2022

Alfa Laval has acquired Scanjet, a supplier of tank cleaning equipment and solutions for marine, offshore and industrial applications. 'The acquisition will extend Alfa Laval’s broad tanker offering, creating a more comprehensive product portfolio for cargo tanks…

Buffett's Berkshire Hathaway Wins OK to buy 50% Occidental stake

Aug 22, 2022

A U.S. energy regulator on Friday gave Berkshire Hathaway Inc, the company controlled by billionaire Warren Buffett, permission to buy up to 50% of oil company Occidental Petroleum Corp's OXY.N common stock.Occidental's share price soared 9…

Norwegian Oil Firm Expands into Ivory Coast

Aug 22, 2022

DNO ASA, the Norwegian oil and gas operator with operations in Kurdistan and the North Sea, is now expanding to West Africa with the agreed acquisition of offshore fields in Ivory Coast. DNO said Monday that RAK Petroleum plc would transfer its ownership of Mondoil Enterprises LLC to DNO…

Mainstream and Aker Offshore Wind Merger Completed

Aug 16, 2022

The transaction to combine Mainstream Renewable Power and Aker Offshore Wind to form a renewable company with a 27 GW portfolio has closed. The deal was first announced on July 12.Aker Horizons entered into an agreement with Aker Mainstream Renewables…

Beach Energy Results Disappoint. Hunt on for M&A in Australia, NZ

Aug 15, 2022

Beach Energy Ltd is shoring up its war chest for acquisitions in Australia and New Zealand, Chief Executive Officer Morne Engelbrecht said on Monday, after reporting a weaker-than-expected annual profit and production outlook.Shares in gas and oil producer Beach…

Nigerian President Pulls Approval of Exxon Mobil's Offshore Asset Sale

Aug 11, 2022

Nigeria's President Muhammadu Buhari has withheld his initial approval of Exxon Mobil's sale of local offshore shallow water assets to Seplat, his spokesman said on Thursday, after the oil regulator refused to give its consent.Buhari on Monday consented to the $1…

Capricorn Investor Palliser Calls on Management to Abandon Tullow deal

Aug 09, 2022

Capricorn Energy should ditch its proposed merger with Tullow Oil, investor Palliser has said in a letter seen by Reuters, describing it as 'one-sided' and short of 'meaningful strategic rationale.''The Proposed Merger appears to us to be a…

Petrobras Completes Espírito Santo Asset Sale

Aug 05, 2022

Petrobras has completed the sale of all its stakes in the producing fields of Peroá and Cangoá, and in the BM-ES-21 concession (Malombe Discovery Evaluation Plan) jointly called Peroá Cluster, located in the Espírito Santo Basin to the company 3R Petroleum Offshore…

Sval Energi to Buy Suncor Norway for $410 million

Aug 05, 2022

Sval Energi has signed an agreement with Suncor Energy to acquire Suncor Energy Norge, adding 4000 barrels of oil equivalent and 19 million barrels of oil equivalent in reserves on the Norwegian Continental Shelf to its portfolio.The deal is worth about $410 million Canadian dollars…

Serica Energy Rejects Kistos' Revised $1.4 Billion Merger Offer

Jul 25, 2022

Serica Energy has rejected a revised merger proposal from energy investment firm Kistos at a valuation of nearly 1.2 billion pounds ($1.4 billion), saying it undervalues the British oil and gas group.Kistos on Monday disclosed details of the proposal…

U.S. Oil Mergers Drop to $12 Billion as Volatility Limits Deals

Jul 15, 2022

U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, as commodity price volatility left buyers and sellers clashing over asset values…

VAALCO, TransGlobe Set to Merge

Jul 14, 2022

Africa-focused oil and gas company VAALCO Energy has agreed to merge with TransGlobe Energy Corporation in a deal that will see VAALCO acquire all of the outstanding common shares of TransGlobe in a stock-for-stock strategic business combination transaction valued at US$307 million…

Current News

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Equinor's Arctic LNG Plant to Resume Production Next Week After Gas Leak Shutdown

Equinor's Eggen Wildcat in North Sea Proves Dry

Equinor's Eggen Wildcat in North Sea Proves Dry

QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

QatarEnergy in 15-Year LNG Supply Deal with Bangladesh

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

Plans Announced for LNG Export Facility in U.S. Gulf of Mexico

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