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Mergers and Acquisitions News

Chevron Awarded Exploration Permit off Western Australia
Australia >> 2/20/2017 - Chevron has paid $3 million for a cash bid permit to secure the right to explore an area off the Western Australian coast for the next six years. The award was made as part of the Australian Governmen...
Geoex Extends Offer Period to Acquire Shares in MCG
United Kingdom >> 2/17/2017 - References are made to Geoex Ltd's (Geoex) voluntary cash offer (the "Offer") for all outstanding shares of MultiClient Geophysical ASA ("MCG" or the "Company") made on 19 January 2017, the Offer Docu...
Fugro Announces Partnership with Shell Ocean Discovery Xprize
United States >> 2/16/2017 - The competition incentivises development of rapid, unmanned and high resolution ocean mapping technologies and the partnership supports the first round of testing. Fugro’s role is to provide high reso...
Covey Park Acquires Additional Haynesville Assets from Chesapeake Energy for $465 million
United States >> 2/16/2017 - Covey Park Energy, a Dallas, Texas-based independent oil and gas exploration and production company, has announced the closing of the acquisition of additional assets located in the Haynesville shale ...
India Awards 31 Oil and Gas Blocks
India >> 2/15/2017 - India has approved the award of operating licences for 31 small oil and gas fields, Finance Minister Arun Jaitley told reporters on Wednesday. The world's third biggest oil consumer had received bids ...
Ezra Faces Court Application to Wind up Unit of Subsea JV
Singapore >> 2/15/2017 - Debt-laden Singaporean oilfield services firm Ezra Holdings Ltd said late on Tuesday that a creditor of a business owned by an Ezra joint venture had filed a court application requesting that the JV's...
Tamarind Acquires Interest in the Tui Field off Taranaki in New Zealand
New Zealand >> 2/14/2017 - Tamarind, based in Kuala Lumpur, Malaysia, will pay New Zealand Oil & Gas USD$750,000 in exchange for all shares in its Tui holding company, Stewart Petroleum. Tamarind in December announced an agreem...
Alfa to Sell Oil Assets in Eagle Ford and Peru
United States >> 2/14/2017 - Mexican conglomerate Alfa said on Tuesday it will sell its energy projects in the Eagle Ford shale in Texas, as well as its energy assets in Peru, while also stalling all energy investments due to lin...
Norwest Finalises Joint Venture for Xanadu TP/15 Permit
Australia >> 2/10/2017 - Norwest Energy NL ('Norwest') is delighted to announce it has entered agreements to achieve the full farm-out of its 160MMbbl 'Xanadu' TP/15 prospect. Norwest has executed a binding term-sheet whereby...
Magellan Petroleum & Tellurian Investments Finalise Merger
United States >> 2/10/2017 - Tellurian Inc. (Tellurian), formerly known as Magellan Petroleum Corporation (Magellan), has closed its merger with Tellurian Investments Inc. Tellurian’s common stock will continue to trade on the NA...
AXYS to Participate in First Stage of Wind Development in France
France >> 2/10/2017 - AXYS Technologies Inc (AXYS) is pleased to announce its participation in French EolMed wind development initiatives in the zone between Port-La Nouvelle and Gruissan. An AXYS WatchKeeper buoy will be ...
American Oil Firms May Be Hindered Participating in Irans Projects
Iran >> 2/7/2017 - Iran has imposed no restrictions on U.S. oil firms willing to take part in energy projects in the country but American sanctions make such cooperation impossible, Irans deputy oil minister said on Mon...
Santos Completes Share Purchase Plan
Australia >> 2/6/2017 - Santos announced the completion of its Share Purchase Plan (SPP). The SPP gave retail shareholders the opportunity to participate in Santos’ turnaround strategy following the successful completion of ...
Geoex Increases Initial Offer for Acquisition of MultiClient Geophysical
United Kingdom >> 2/2/2017 - Reference is made to Geoex Ltd's (Geoex) voluntary cash offer (the "Offer") for all outstanding shares of MultiClient Geophysical ASA (MCG) made on 19 January 2017 and the offer document approved by t...
Axens Takover Bid on Heurtey Petrochem
France >> 2/2/2017 - Following the reopening of the tender offer (the Offer) between January 16th and 27th, 2017, Axens now holds in concert with IFP Investissements, a total of 4,354,286 shares and 4,428,786 voting right...
ABB Launches Next-Generation Asset Management Solution to Improve Efficiency & Optimize Costs
Swaziland >> 1/31/2017 - ABB announced the global launch of its next-generation asset performance management (APM) solution, Asset Health Center 3.0. This latest software based solution enables asset-intensive industries to i...
Shell Sells Its Stake in Thailand's Bongkot Field to KUFPEC
Thailand >> 1/31/2017 - Shell has reached an agreement with KUFPEC Thailand Holdings, a subsidiary of Kuwait Foreign Petroleum Exploration Company (KUFPEC), for the sale of subsidiary companies Shell Integrated Gas Thailand ...
Shell to Sell North Sea Assets to Chrysaor For $3.8 Bln
United Kingdom >> 1/31/2017 - Royal Dutch Shell has agreed to sell a package of oil and gas fields to private equity-backed Chrysaor for $3.8 billion, giving the Anglo-Dutch group a major boost in its drive to reduce debt followin...
ShaMaran Petroleum Closes CAD 36 million Private Placement
Canada >> 1/30/2017 - ShaMaran Petroleum has announced the closing of the private placement financing announced on January 19, 2017. The Company sold on a private placement basis an aggregate of 360,000,000 of its common s...
Jacobs Acquires Aquenta Consulting in Australia
Australia >> 1/29/2017 - Jacobs Engineering Group Inc. (JEC) has acquired Aquenta Consulting, a leading provider of integrated project services to public and private sector clients in Australia. Aquenta helps owners, operator...

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