Mergers & Acquisitions News


Petrobras Eyes Sale of Albacora Offshore Fields

Sep 25, 2020

Brazilian national oil company Petrobras has launched a teaser for the potential sale of its interests in Albacora and Albacora Leste deepwater offshore blocks in Brazil.Petrobras is selling a 100% operated working interest in the Albacora offshore…

OKEA Buys Into Calypso Prospect Near Draugen Field

Sep 25, 2020

Norwegian oil company OKEA will acquire an interest from Neptune Energy in an offshore block in Norway containing the Calypso prospect, with a potential of up to 37 million barrels of oil.OKEA will take a 30% working interest in the production license PL938…

Jadestone, OMV Take More Time to Wrap Maari Field Transaction

Sep 25, 2020

Oil and gas company Jadestone Energy and OMV have agreed to extend the long-stop date for the completion of Jadestone's acquisition of OMV's stake in the Maari project, in the shallow waters offshore New Zealand.Singapore-based Jadestone in…

Report: Premier Oil Wants Another Price Cut for BP North Sea Deal

Sep 24, 2020

Struggling oil and gas producer Premier Oil has begun talks with BP to lower for the second time a $210 million deal to acquire stakes in two North Sea oilfields, sources told Reuters on Wednesday.Premier is seeking to reduce the cash payment…

IOG Ponders Deltic Energy Takeover Bid

Sep 11, 2020

The North Sea-focused oil and gas company Independent Oil & Gas said Friday it was considering tabling an all-stock offer for the takeover of rival Deltic Energy. Deltic Energy is a London-listed company with assets in the North Sea. The company…

Report: Activist Investor Seeking to Break Up Noble Energy's Sale to Chevron

Sep 10, 2020

Activist investor Elliott Management is seeking to break up Noble Energy Inc's $5 billion sale to oil major Chevron Corp, a Bloomberg reporter tweeted on Wednesday.A notice posted on the U.S. Federal Trade Commission website on Tuesday showed the hedge fund had built a stake in Noble Energy…

Israel's Delek in Ithaca Energy Merger Discussions

Aug 31, 2020

Israel's Delek Group said on Monday it is in talks with third parties about a possible merger of its North Sea energy operations, as it reported a second-quarter loss.Merging Ithaca Energy with an international group would be part of a process of turning it into a public company traded in London…

Malaysia's Hibiscus Petroleum Eyes Acquisitions

Aug 26, 2020

Bursa Malaysia-listed oil and gas company Hibiscus Petroleum is looking to expand its asset portfolio through acquisitions of assets with strong production potential.Hibiscus, which owns offshore oil fields in Malaysia, Australia, and the UK North Sea…

Noble Energy Shareholders to Vote on Chevron Takeover Deal in October

Aug 25, 2020

Oil and gas company Noble Energy has set a date for a shareholder vote on the company's proposed takeover by Chevron.As previously reported, Chevron in July announced a deal to acquire Noble Energy in an all-stock deal valued at around $5 billion…

Augean Buys Drilling Waste Management Firm EcoCentre

Aug 24, 2020

North Sea-focused provider of waste and decommissioning services Augean North Sea Services (ANSS) said Monday it had acquired the EcoCentre at Peterhead, Aberdeenshire.ANSS assists the treatment, recycling and re-use of waste material derived…

TGS Disappointed by PGS' Rejection

Aug 14, 2020

Norwegian oil and gas seismic data supplier TGS is disappointed with the decision by rival company PGS to reject its $600 million offer for its multi-client library.TGS had earlier this month offered to acquire PGS' multi-client data for $600 million…

PGS Rejects TGS' 'Opportunistic' $600M Offer for Seismic Data Library

Aug 13, 2020

Norwegian offshore seismic surveyor PGS has rejected a $600 million offer to sell its multi-client library to compatriot and rival TGS, deeming it opportunistic, given the dire situation for seismic data companies caused by low oil prices.In an unsolicited…

Chevron's Interest in Leviathan Field Led to $5 Bln Bid for Noble Energy

Aug 11, 2020

Chevron Corp's $5 billion offer to acquire Noble Energy emerged after the U.S. oil major first proposed taking a stake of at least 50% in Noble's Eastern Mediterranean natural-gas fields, a proxy filing on Tuesday showed.If consummated, the all-stock merger will boost Chevron's U…

PGS' Shares Surge After Rival TGS' $600M Offer

Aug 07, 2020

Seismic surveyor TGS's unsolicited cash offer of $600 million for part of rival PGS sent its shares up as much as 67% in early trading on Friday.TGS said its offer, announced late on Thursday, for PGS's so-called multi-client library would significantly…

Current News

Guyana Nears Deal with Exxon for Payara Project

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Petrobras Eyes Sale of Albacora Offshore Fields

OHT set for Merkur Market Debut

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