Mergers And Acquisitions News


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…

Japan's Cosmo CEO says Controversial Vote Tactics Justified in Activist Defence

May 24, 2023

Japan's Cosmo Energy Holdings will exclude its largest shareholder grouping from a vote on a 'poison pill' takeover defense as the group's plans may conflict with the interest of general shareholders, its chief executive said on Wednesday.The vote…

Shell Australia Names New Chair

Mar 30, 2023

Cecile Wake will succeed Tony Nunan as Chair of Shell Australia effective May 22, 2023, Shell Australia said Thursday. Nunan, who led the Australian business for the past three years, will take up the newly created role of Chief of Staff and Corporate Relations…

Activist Investors Seek Action Against Santos' Growth Plans, Management Pay

Mar 09, 2023

Activist shareholders opposed Australian oil and gas explorer Santos' growth strategy on Thursday, saying executive incentives are driving up investments in upstream growth projects, potentially raising carbon emissions and reducing shareholder value…

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…

Woodside Hikes Dividend after Record Profit, Shares up

Feb 27, 2023

Woodside Energy lifted its final dividend on Monday after reporting a more than tripling of profit on a beefed-up oil and gas portfolio following its merger with BHP's petroleum arm and surging oil and gas prices, sending its shares over 2% higher…

Baker Hughes Names Buese New CFO

Oct 19, 2022

Oilfield services company Baker Hughes has appointed Nancy Buese as Chief Financial Officer effective November 2, 2022. 'Buese brings more than 30 years of financial and leadership experience to the role,  previously serving as EVP & CFO of…

Sembcorp Marine Cuts Losses as Easing COVID Curbs Aid Project Deliveries

Aug 11, 2022

Singapore's Sembcorp Marine Ltd (Sembmarine) said on Friday its half-year loss narrowed 78% from a year earlier, as the oil rig builder finished delayed projects after pandemic curbs were eased while also benefiting from cost management.The…

PGS Wins Seismic Survey Contracts in Indonesia and Australia

Jul 21, 2022

Norwegian marine seismic survey contractor PGS said Thursday it had won a significant 3D exploration acquisition contract offshore Indonesia with a major energy company. Also, PGS said it had secured a major 4D acquisition contract offshore Australia with an international energy company…

Shelf Drilling Takes Delivery of 2008-built Aban Offshore Jack-up Rig

Jul 13, 2022

Oslo-listed offshore drilling contractor Shelf Drilling has taken delivery of the Deep Driller 7 jack-up drilling rig.Shelf Drilling bought the rig from the Indian offshore drilling firm Aban Offshore. The deal was first announced in mid-June…

Woodside Energy, BHP Petroleum Merger Complete

Jun 01, 2022

Australia-based Woodside Energy's all-stock merger with BHP's oil and gas business was completed Wednesday.Woodside has acquired the entire share capital of BHP Petroleum International Pty Ltd (BHPP) and issued 914,768,948 new Woodside shares to BHP…

Woodside Shareholders Vote in Favor of Merger with BHP's Oil and Gas Business

May 19, 2022

Australian oil and gas company Woodside said that its shareholders voted to approve the proposed merger with BHP's oil and gas business at its Annual General Meeting on Thursday, with 98.66% of the votes in favor of the merger.'All conditions…

Woodside Sees Slim Risk of Big Share Selloff by BHP Investors

May 17, 2022

Woodside Petroleum does not expect heavy selling of the company's shares by BHP Group investors if Woodside's acquisition of BHP's petroleum business goes ahead in June, Chief Executive Meg O'Neill said on Monday.Woodside shareholders are set…

SRJ's Proposed Acquisition of STATS Falls Through

May 03, 2022

ASX-listed SRJ Technologies Group plc in December last year struck a deal to buy the UK-based oilfield services firm STATS. However, STATS said Monday that the deal had fallen through over SRJ's inability to raise funds for the deal.'[STATS…

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