Mergers & Acquisitions

Saudi Aramco, SABIC say no Merger Plans

National oil giant Saudi Aramco and Saudi Basic Industries Corp denied on Saturday they had any plans to merge their petrochemicals businesses after media reports on the possibility.

HCI Group Takes Over 13 Feeder Containerships

The HCI Group and two other investors have taken over a total of thirteen ships from the loan portfolio of HSH Nordbank. The HCI Group structured the portfolio

AEP: Spinoffs Not Impacted by McClendon's Firm Closure

The closure of American Energy Partners after the sudden death of founder Aubrey McClendon will not affect companies it formed and spun off with Texas-based private

Alfa Recognizes Pacific Investment as Loss

Mexican conglomerate Alfa now considers its investment in Pacific Exploration & Production a total loss after the Canadian hydrocarbons producer reached a restructuring deal with a private fund,

Goldman Sachs Mulls Redexis Sale

Goldman Sachs' infrastructure fund GSIP is mulling the sale of all or part of its Spanish energy business Redexis in the second half of the year, five sources familiar with the matter told Reuters.

Oil Search, Total Ink InterOil Assets Deal

MoU signed between Oil Search and Total. Oil Search to sell down 60% of the interest acquired from InterOil in PRL 15 and 62% of InterOil’s exploration assets to Total,

Technip, FMC Target Oil Services 'Big League' with Merger Deal

France's Technip on Thursday announced an all-stock merger with U.S. rival FMC Technologies, as it seeks to offset weaker spending on exploration and production by cash-strapped oil companies.

Enel Bid Values Metroweb at 806 Mln Euros

Italy's biggest utility Enel made a formal offer on Thursday to buy fibre-optic company Metroweb, valuing it at 806 million euros ($903 million), three sources close to the matter said.

EIG names Odebrecht, shipyards in Petrobras suit

Investment management firm EIG Management Co added Brazil's engineering conglomerate Odebrecht SA and a few other shipyards in its $221 million fraud suit against Petroleo Brasileiro SA.

BP Shed Partial Stake in Castrol India

Oil major BP Plc sold part of the stake its unit Castrol Ltd holds in Castrol India Ltd, but said it would remain a majority shareholder in the company. The company said it sold an 11.

Gazprom, PTT Ink O&G Deal

Alexey Miller, Chairman of the Gazprom Management Committee, and Tevin Vongvanich, President and Chief Executive Officer of the Thai state-owned company PTT, today

UASC, Hapag-Lloyd Merger on the Anvil?

 In order to get through the crisis of global shipping, Germany-based container line Hapag-Lloyd will ally with United Arab Shipping Company (UASC).   HL is in talks to merge with UASC,

Occidental Says Unaware of Any Takeover Bid for Apache

Shares of U.S. independent oil and gas producer Apache Corp rose more than 3 percent early on Wednesday to $56.84 each, partly on an unverified report it was the

Bourbon Puts Gas Plans on Hold

Bourbon’s plan to diversify into the gas carrier market has run into financial obstacles. The company said in a statement that its board of directors acknowledged

AWS Buys Hawaiki Submarine Cable

 Amazon Web Services (​AWS) has made its first investment in a submarine cable system, purchasing capacity on an upcoming Hawaiki Submarine Cable connecting Australia and New Zealand to the US.

Range Resources to buy Memorial Resource in $4.4 bln Deal

Oil and gas producer Range Resources Corp said it would buy Memorial Resource Development Corp in an all-stock deal valued at $4.4 billion, including $1.1 billion in debt.

Williams Files Lawsuit to save ETE Deal

The war of words between U.S. pipeline operators Williams and Energy Transfer Equity (ETE) has worsened after Williams filed a lawsuit to pressure its would-be

Statoil farms into Turkey Onshore Acreage

Statoil has entered a binding letter agreement into two exploration licenses in the Thrace region in the European north-western part of Turkey.   Statoil will

BP Boosts Culzean field Stake

BP announced today it has doubled its interest in the Culzean development in the UK Central North Sea, following its acquisition of an additional 16% interest from JX Nippon.

Oil Search Still Open to Takeover Bid

Papua New Guinea oil and gas producer Oil Search Ltd says it is open to future takeover offers, despite rebuffing an $8 billion all-share bid from Woodside Petroleum last year.

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