Mergers And Acquisitions News

 

Woodside Confirms Talks to Buy BHP's Oil and Gas Business

Aug 16, 2021

Australian oil company Woodside confirmed Monday it has been in talks with BHP over the potential acquisition of BHP's oil and gas business.'Woodside notes recent speculation regarding a potential transaction between Woodside and BHP Petroleum. Woodside continuously reviews the composition of its asset portfolio and opportunities to create and deliver value for shareholders. Woodside is engaged in…

GlobalData: Woodside's Acquisition of BHP's Oil Business 'Complicates' ESG Narrative

Oct 08, 2021

Woodside's recent acquisition of BHP's oil and gas business is making its ESG narrative complicated, energy intelligence firm GlobalData said, as BHP's assets it has acquired will boost Woodside's oil production and ultimately lead to a more carbon-intensive product base over the near term…

Shell Exits Permian with $9.5B Sale to ConocoPhillips. Its U.S. Output Now Mostly Offshore

Sep 21, 2021

Royal Dutch Shell said on Monday it would sell its Permian Basin assets to ConocoPhillips for $9.5 billion in cash, an exit from the largest U.S. oilfield for the energy major shifting its focus to the clean energy transition.For ConocoPhillips…

Australia: Santos Says Oil Search Buy Would Help Speed Up Pivot to Clean Fuels

Aug 17, 2021

Santos Ltd expects its planned takeover of Oil Search, creating a A$20 billion ($15 billion) company, will help the combined group weather the energy transition better than if they remained separate.The companies agreed an all-scrip deal earlier…

Ex-BP CEO Hayward Launches Green Energy Investment Firm

Jul 15, 2021

Former BP Plc Chief Executive Tony Hayward will lead the listing of a $175 million shell company aimed at investing in green energy projects in Europe, a bank working on the deal said on Thursday.The Special Purpose Acquisition Company (SPAC)…

Seadrill Names CFO, COO. Adds New Director to Board

May 28, 2021

Offshore drilling company Seadrill Limited has this week appointed a new chief financial officer and a new chief operating officer, as well as announced the appointment of a new director to its board.Oslo-listed offshore drilling firm said on…

Viasat Completes RigNet Acquisition

May 05, 2021

Global communications firm Viasat has completed the acquisition of the offshore communications solutions provider RigNet, after RigNet’sstockholders approved the transaction on April 21, 2021.The proposed merger was first announced in December 2020…

Noble Corp. Completes Pacific Drilling Acquisition

Apr 16, 2021

Offshore drilling contractor Noble Corporation has completed the acquisition of Pacific Drilling. Noble Corporation said Friday the Pacific Drilling hi-spec ultra-deepwater drillship fleet would further enhance Noble's global position 'as an…

Offshore Drillers Noble Corporation, Pacific Drilling Agree to Merge

Mar 25, 2021

Offshore drilling companies Noble Corporation and Pacific Drilling said Thursday they'd entered into a definitive merger agreement under which Noble will acquire Pacific Drilling in an all-stock transaction.  'The definitive merger agreement…

DNV GL Secures 3-Year Contract with Total in UK North Sea

Feb 22, 2021

Classification society and quality assurance firm DNV GL has been awarded a three-year contract with Total in the UK to provide various services across the company's UK North Sea assets.DNV GL will provide core services such as verification…

Reuters: ExxonMobil, Chevron Explored Merger in 2020

Feb 01, 2021

The chief executives of ExxonMobil Corp and Chevron Corp held preliminary talks in early 2020 to explore combining the two largest U.S. oil producers in what would have been the biggest merger of all time, according to people familiar with the matter…

ConocoPhillips Posts Smaller-than-expected Loss

Oct 29, 2020

Oil producer ConocoPhillips, which is buying Concho Resources Inc for $8.3 billion, posted a smaller-than-expected quarterly loss on Thursday as it benefited from a recovery in crude oil prices from pandemic-driven lows.Oil prices began recovering…

Chrysaor, Premier Oil Set to Merge

Oct 06, 2020

Two UK-based offshore oil and gas companies Premier Oil and Chrysaor are set to merge in an all-stock transaction. Premier Oil also said that its proposed acquisition of BP's North Sea assets will not take place.In a joint statement released Tuesday…

Bahamas Petroleum, Columbus Energy Merger Gets Court Approval

Aug 06, 2020

The proposed all-stock merger between Bahamas Petroleum Company and Columbus Energy Resources was sanctioned by the court on Wednesday, paving way for the merger execution. Bahamas Petroleum Company, an oil firm with exploration assets in the Bahamas…

Norway: Endur, Oceano Set to Merge

Jun 19, 2020

Norwegian energy services firm Endúr has said it is working on a merger with compatriot marine engineering company Oceano.Endur, formed in 2019 after the merger of Bergen Group ASA with Endúr Fabricom, has signed a letter of intent with the…

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