Mergers And Acquisitions News


Halliburton to sell divisions pre-merger

Apr 08, 2015

Houston-based Halliburton announced it will separately market for sale the company’s fixed cutter and roller cone drill bits, directional drilling and logging-while-drilling (LWD), measurement-while-drilling (MWD) businesses. The announcement…

Total restructures E&P branch

Dec 09, 2014

Total is changing things up by restructuring its exploration and production branch into five geographical divisions, an exploration division and five functional divisions. Image from Total.   Changes…

Meo, Neon merging

Nov 05, 2014

Australian companies Neon Energy and MEO Australia announced they entered into a merger implementation agreement, under which the companies have agreed to merge by way of an MEO scheme or arrangement. Under the arrangement, MEO shareholders will receive 0…

AFGlobal completes VerdErg merger

Sep 30, 2014

Houston-based AFGlobal completed its integration of VerdErg Connectors, a customized subsea pipeline and control connection after acquiring the UK-based company in late June 2014. AFGlobal subsea…

Sierra Hamilton acquires GeoPro

Apr 01, 2014

Sierra Hamilton LLC acquired all the assets of GeoPro GmbH of Hamburg, Germany to create a new operating subsidiary, GeoPro Geophysics LLC. GeoPro Geophysics will operate as a global seismic data acquisition, processing and interpretation…

EnergyXXI, EPL merge for $1.5B

Mar 13, 2014

Houston-based Energy XXI is set to become the largest public independent producer on the Gulf of Mexico shelf after its acquisition of EPL Oil & Gas for US$1.53 billion. Upon completion of the merger, EnergyXXI projects the company will be worth about $6 billion…

CGG appoints new Senior VP

Jun 06, 2013

Christophe Barnini has been appointed as Senior Vice President, group communications for CGG. Barnini will report to Jean-Georges Malcor, CEO of CGG, and has become a permanent member of CGG’s management committee. This appointment took effect on 15th May 2013…

William T Heller and Harry R Beaudry onboard law firm Mayer Brown

Apr 16, 2013

Houston-based growth Chicago-headquartered global energy law firm Mayer Brown brought William T Heller IV and Harry R Beaudry onboard its legal team in January. The pair will be based out of Mayer Brown’s Houston Corporate & Securities practice…

Chevron CEO Watson to receive Atlantic Council award

Apr 04, 2013

Chevron Corp. Chairman and CEO John S. Watson will receive the Distinguished Business Leadership Award from the Atlantic Council, on 1 May 2013, in Washington, D.C. “These awards are designed to spotlight the inspired leadership our complex world requires…

Robbins, NOV merger passes

Dec 28, 2012

87% of shareholders approved NOV acquisitionRobbins & Myers shareholders overwhelming approved NOV's acquisition of the company, Robbins & Myers announced on 27 December 2012.Nearly 85.7% of outstanding shares voted for the transaction,…

Freeport acquires PXP, McMoRan

Dec 05, 2012

FCX specializes in copper and gold miningFreeport enters energy sector with $9B merger Phoenix-based copper and gold mining company Freeport-McMoRan (FCX) has moved to acquire subsidiary McMoRan Exploration as well as Houston-based Plains…

NOV adds another piece to the production puzzle

Mar 01, 2012

National Oilwell Varco is looking to establish a major foothold in the flexible pipe business with the acquisition of Danish manufacturer NKT Flexibles, a joint venture between NKT Holding and Subsea 7 since 1999.The $670 million deal, announced early February…

Midstream lifts M&A market

Mar 01, 2012

A robust mergers & acquisitions market in the latter half of 2011, particularly in midstream, bodes well for deal making in 2012, according to Deloitte's Center for Energy Studies. But world events could throw a wrench into the M&A machine, as Russell McCulley reports…


Jan 10, 2012

Wärtsilä will acquire marine oil & gas engineering firm Hamworthy in a £383 million cash deal. The merger ‘will allow both organisations to broaden and enhance their capabilities in rapidly evolving offshore and marine applications as well as environmental solutions markets…

Upstream capex ready for rebound

Nov 01, 2010

Global upstream capital spending should rebound this year, according to IHS Herold director Nicholas Cacchione, author of the research firm’s 2010 Global Upstream Performance Review, released last month. ‘In North America, E&P investment increased 30% in the first half of 2010…

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