Mergers & Acquisitions News


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…

Noreco Acquires Shell Danish North Sea Assets

Apr 30, 2019

Danish Energy Agency (DEA) has granted its approval to Norwegian Energy Company (Noreco) for the acquisition of Shell’s Danish upstream assets.Noreco is now one step closer to completing its takeover of Shell’s upstream assets in Denmark after receiving government approval for the $1…

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…

Chevron, Anadarko Launch Integration Planning

Apr 26, 2019

Chevron Corp on Friday pushed back at the potential for a rival to break up its $33 billion deal for Anadarko Petroleum Corp, saying the two companies had already begun meetings on a merger plan.Occidental Petroleum last Thursday sought to scuttle the proposed deal…

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…

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…

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…

Songa Bulk Merge with Axxis Geo Solutions

Apr 16, 2019

Norway-based Songa Bulk AS, an investment vehicle established to invest in dry bulk assets, has made an agreement to merge with company Axxis Geo Solutions (AGS).Per deal, Songa Bulk will assume the assets, rights and obligations of the Houston…

Chevron to Buy Anadarko for $33 Bln

Apr 12, 2019

Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its bet on U.S. shale and LNG as U.S. energy production is shattering records.The deal makes Chevron the second-largest major by crude production…

Ensco, Rowan Merge to Form Ensco Rowan

Apr 11, 2019

Ensco and Rowan Companies have completed a previously announced merger, creating the new combined offshore drilling company Ensco Rowan, the world's largest by fleet size.The merger completion follows the satisfaction of the transaction’s closing…

Japan Group Buys Stake in Taiwan Offshore Wind

Apr 08, 2019

A group of Japanese investors - JXTG Nippon Oil & Energy, Sojitz Corp and other Japanese firms - have joined German wind farm developer Wpd in the 640MW Yunlin offshore wind project off Taiwan.The Japanese group will take a 27% stake in in Taiwan's Yunneng Wind Power for an undisclosed sum…

Tender Rig Specialists to Merge

Apr 08, 2019

Singapore-based tender assist rig specialist Energy Drilling and Houston-headquartered Atlantica Tender Drilling (formerly BassDrill) are planning to merge into what is expected to become the second largest tender drilling contractor.Tender rig pair signed a letter of intent (LoI) for the merger…

Yinson Buys Ezion

Apr 02, 2019

Singapore's ailing offshore and marine firm Ezion Holdings (EHL) has found a saviour in Malaysian-listed Yinson Holdings, the world's sixth largest floating, production, storage and offloading (FPSO) operator.Yinson Eden Pte Ltd (YEPL) made…

Fred. Olsen Ocean Buys Stake in UWL

Mar 28, 2019

Fred. Olsen Ocean (FOO) has entered into an agreement to acquire a 50% ownership in United Wind Logistics GmbH (UWL) through the contribution of new equity in the amount of EUR 12 million.The ownership split in UWL will be FOO 50.0 %, United Shipping Group GmbH 37…

Current News

Norway’s Enova Launches Floating Wind Support Fund

MacGregor to Supply AHC Crane for MMA Offshore’s PSV

Equinor Hires Havila’s Three PSVs

Enauta Stops Production at Atlanta Field as Anchoring of New FPSO Enters Final Phase

Subscribe for OE Digital E‑News