8Mergers & Acquisitions News

 

Santos Completes Acquisition of ConocoPhillips' Australia Assets

May 28, 2020

U.S. oil company ConocoPhillips has completed the sale of its Australia-West assets and operations to Australia's Santos.The two companies in October 2019 struck a deal for Santos to acquire ConocoPhillips’ northern Australia business with operating interests in Darwin LNG, Bayu-Undan, Barossa, and Poseidon for US$1.39 billion, plus a $75 million contingent payment subject to FID on Barossa.However…

Aker Solutions CFO to Resign

Jun 02, 2020

Norwegian offshore engineering company Aker Solutions has said its Chief Financial Officer Ole Martin Grimsrud will resign in September.Aker Solutions said Tuesday that Grimsrud had given notice that 'he will leave the company September 1, 2020…

BP Names Next BP America Chief

May 28, 2020

British oil major BP has announced that David C. Lawler, currently CEO of its U.S. shale business BPX Energy, will add to his portfolio the responsibilities of chairman and president of BP America Inc., succeeding Susan Dio on July 1, 2020.BP…

Investors Sue Oxy over Anadarko Deal

May 28, 2020

Occidental Petroleum Corp has been sued by investors who claim they suffered billions of dollars of losses because the heavily indebted company concealed its inability to weather plunging oil prices, after paying $35.7 billion to acquire Anadarko Petroleum Corp…

RMB Confirms Total's $15B Funding for Mozambique LNG Project

May 28, 2020

South Africa's Rand Merchant Bank (RMB) confirmed on Thursday that it is part of a consortium of banks providing $15 billion funding for French energy major Total's Mozambique liquefied natural gas (LNG) project.Sources told Reuters last week that Total had secured $14…

PGS Completes Shetland Survey. Moves Vessel to Barents Sea

May 28, 2020

Norwegian seismic acquisition company PGS has completed its East Shetland Basin 2020 survey using the Ramform Tethys seismic vessel.The company said Wednesday the first results of the survey would be available in August. 'PGS and the survey…

TGS Starts Norwegian Sea Seismic Survey

May 27, 2020

Norwegian seismic data company TGS has begun its previously announced Atlantic Margin 3D multi-client seismic survey offshore north-west Europe using the Polarcus Adira survey vessel.The AM20 survey covers the latest APA19 awards in the Norwegian…

PGS Releases Sharper Ivory Coast Data

May 22, 2020

Norwegian seismic company PGS has said it has released new multi-azimuth GeoStreamer 3D data for Ivory Coast.The company promises that the new 900 sq. km multi-azimuth broadband seismic survey provides increased resolution and sharper imaging…

Hurricane Energy Shuts Lancaster Well. Suspends Output Guidance

May 22, 2020

Hurricane Energy has shut down an offshore well at its Lancaster field in the UK as its testing to produce oil simultaneously from two wells with the aim to reach 20,000 bopd proved unsuccessful. As a result, Hurricane has backtracked on its 2020 output guidance of net 17…

Indonesia OKs Coro's Duyung PSC Farm-In

May 22, 2020

Southeast Asian focused upstream oil and gas company Coro Energy has received all the necessary approvals by the Indonesian Government and has completed the acquisition of an interest in the Duyung offshore block, containing the Mako gas field…

Price Drop Triggers Haggling Over Oil and Gas Deals

May 21, 2020

The collapse in oil prices to 21-year lows has led potential buyers of oil and gas fields to try and renegotiate deals already agreed at higher prices, with the first examples emerging of sellers having their hand forced.At a time when most oil companies are slashing budgets…

David B. Cook to Become CEO of Noreco

May 21, 2020

The Board of Norwegian Energy Company (Noreco) has appointed David B. Cook as the new Chief Executive Officer of Noreco with effect from July 1, 2020.'Mr. Cook is an experienced executive with a successful track record from executive roles in the oil & gas industry…

Australia: Polarcus Completes Petrel Survey for Neptune

May 21, 2020

Oil and gas company Neptune Energy on Thursday announced the completion of the acquisition of the 3D broadband seismic survey of the extensive Petrel field located in the Bonaparte basin of Australia.'The 2,900 km2 survey significantly expanded…

Total Secures $14.4 Bln Funding for Mozambique LNG

May 20, 2020

French energy major Total has secured $14.4 billion funding for its Mozambique liquefied natural gas project in Mozambique, two sources said on Wednesday.A source with knowledge of the matter said Total has reached a financing agreement with…

NEO Energy, Total Revise Terms of UK North Sea Deal

May 20, 2020

HitecVision's NEO Energy company has renegotiated the terms of the acquisition of Total's UK North Sea assets, first announced in July 2019.The original agreement stipulated that Petrogas NEO, a joint venture between Petrogas, the exploration…

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