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Mergers and Acquisitions News

TechnipFMC Will Acquire Plexus’ Exploration Wellhead Business
United Kingdom >> 10/19/2017 - TechnipFMC (FTI) announces that an agreement has been reached with Plexus Holding plc (Plexus) to acquire Plexus’s Wellhead exploration equipment and services business for jack up applications. In con...
Rowan, Saudi Aramco Launch ARO Drilling
Saudi Arabia >> 10/19/2017 - Rowan Companies plc announced that ARO Drilling, a 50/50 joint venture with the Saudi Arabian Oil Company ("Saudi Aramco"), commenced operations on October 17, 2017.
Acquisition of Idemitsu Petroleum UK Limited & Suspension of Trading
United Kingdom >> 10/18/2017 - RockRose Energy PLC (RockRose) is pleased to announce it has signed a sale and purchase agreement to acquire the entire issued share capital of Idemitsu Petroleum UK Limited (''Idemitsu UK'') from Ide...
Subsea 7 Agreement to Acquire Normand Oceanic
Norway >> 10/18/2017 - Subsea 7 S.A. (the Group) announced an agreement to acquire the remaining 50% shareholdings in its equity accounted joint ventures, Normand Oceanic AS and Normand Oceanic Chartering AS, from Solstad F...
Subsea 7 to Discontinue of SapuraAcergy Joint Venture
Malaysia >> 10/17/2017 - Subsea 7 S.A. announced an agreement with Sapura Energy Berhad to discontinue the SapuraAcergy joint venture. SapuraAcergy’s heavy-lift and pipelay vessel, Sapura 3000, has been sold to a subsidiary o...
Reliance Industries Relinquishes Myanmar Blocks
Myanmar >> 10/16/2017 - Reliance Industries (RIL) has sold all its conventional oil and gas exploration blocks outside India. During the July-September quarter, the company pulled out of Myanmar blocks M17 and M18 the compan...
Frontera Signs an Agreement for the Strategic Acquisition of PML
Canada >> 10/16/2017 - Frontera Energy Corporation (Frontera) has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited (PML) from the International Finance Corporation and from funds ...
Emerson Agrees to Acquire Paradigm
United States >> 10/16/2017 - Emerson (EMR) has agreed to acquire Paradigm®, a leading provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2...
Patterson-UTI Energy Completes Acquisition of MS Energy Services
United States >> 10/12/2017 - PATTERSON-UTI ENERGY, INC. (Patterson-UT") has closed the previously announced acquisition of Multi-Shot, LLC d/b/a MS Energy Services (MS Energy). Total consideration for the acquisition included app...
Subsea 7 Shares Rise on Report of Baker Hughes Talks
United States >> 10/11/2017 - Shares in oilfield services firm Subsea 7 rose on Wednesday on an unconfirmed report it had been in talks with Baker Hughes (BHGE.N) about a possible takeover, but that the talks had now ended. A Wall...
FieldPoint Petroleum Announces Sale of Assets in Oklahoma
United Arab Emirates >> 10/11/2017 - FieldPoint Petroleum Corporation (FPP) announced that it has completed the sale it's 25.23% working interest in a waterflood project consisting of 23 producing and 9 injection wells in the Apache fiel...
O.G. Oil & Gas Agrees to Increase Offer Price for NZOG
New Zealand >> 10/10/2017 - New Zealand Oil & Gas Independent Directors unanimously recommend increased offer from O.G. Oil & Gas. ...
Shell Divests Its Interest in Comgas for a Headline of $380m
Brazil >> 10/10/2017 - Shell Gas BV, Shell Brazil Holding BV and Integral Investments BV (Shell) announces they have signed an agreement with Cosan Ltd. to execute an existing Put Option Agreement, which allows Shell to sel...
Wood Group Completes Acquisition of AmecFW for $2.9 Billion
United Kingdom >> 10/9/2017 - Wood Group is pleased to announce that it has completed the acquisition of Amec Foster Wheeler. Wood Group’s new ordinary shares will be admitted to the premium segment of the Official List and to tra...
Royal IHC Acquires 50% Stake in Rotterdam Offshore Group
Netherlands/Holland >> 10/9/2017 - Royal IHC has announced its acquisition of 50% of the share capital of Rotterdam Offshore Group (ROG). The agreement will enable IHC to strengthen its ship repair and conversion capabilities with the ...
Gazprom & Bolivian Energy Ministry Highlight Successes of Energy Partnership
Russia >> 10/6/2017 - A working meeting between Vitaly Markelov, Deputy Chairman of the Gazprom Management Committee, and Luis Alberto Sanchez, Minister of Hydrocarbons and Energy of Bolivia, took place today at the 7th St...
Ensco Shareholders Approve Acquisition of Atwood Oceanics
United States >> 10/5/2017 - Ensco plc (Ensco) announced that Ensco shareholders voted to approve the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics, Inc. (Atwood) in connection with th...
Gazprom & KazMunayGas Ink Roadmap to Create Gas Processing JV
Kazakhstan >> 10/5/2017 - Valery Golubev, Deputy Chairman of the Gazprom Management Committee, and Oryn Muratuly Sultanov, Senior Vice President for Major Non-Operating Assets and Offshore Projects of KazMunayGas, today signed...
Wartsila to Acquire Puregas Solutions
Germany >> 10/4/2017 - The technology group Wartsila has reached an agreement to acquire Puregas Solutions, the Sweden based provider of turnkey biogas upgrading solutions. Puregas is a leading player in its field with subs...
Gazprom Neft Signs Memorandum of Understanding with Thailand’s PTT
Russia >> 10/4/2017 - Gazprom Neft and PTT Public Company Limited (“PTT”), Thailand’s largest oil and gas company, have signed a Memorandum of Understanding (MoU), promoting mutually beneficial cooperation between the two ...

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