Mergers & Acquisitions

Russian Billionaire Nears Deal for E.ON's North Sea Assets

Russian billionaire Mikhail Fridman's LetterOne fund has emerged as the front runner for the acquisition of German utility E.ON's Norwegian North Sea assets, three

Total's CEO: Opportunities in Low Oil Price Environment

The current low oil price environment is an opportunity for oil and gas major Total to realign its costs, drive efficiency in upstream operations and rediscuss tax issues with host producing nations,

Suncor Launches Hostile Bid for Canadian Oil Sands

Suncor Energy Inc launched a hostile bid for Canadian Oil Sands Ltd as the slump in oil prices encourages consolidation in Canada's oil sands industry, which has

Nordex to Buy Acciona's Wind Power Business

German wind turbine maker Nordex is buying Spanish firm Acciona's wind power business for 785 million euros ($882 million) in cash and shares to create a global player in the wind energy market,

Spain's Acciona Has No Plans for Energy Division

Spain's Acciona has no further plans for its energy division in the short term, director of corporate development Juan Muro Lara said on Monday during a conference

Statoil buys First Oil's interest in Alfa Sentral

  Statoil acquired First Oil’s 24% equity share in the UK licence for the Alfa Sentral field for USD 15 million. Alfa Sentral is a c.60 mmboe gas and condensate

PG Flow Solutions Acquires Calder

PG Flow Solutions AS (PG), majority owned by Norvestor VI, L.P. has acquired 100 percent of the shares in the U.K. high-pressure pumping specialist Calder ltd.   Calder’s founder and chairman,

Statoil Enters UK License for Alfa Sentral Project

Statoil announced it has acquired First Oil’s 24 percent equity share in the U.K. license for the Alfa Sentral field for $15 million on October 2, 2015. Alfa Sentral is a c.

APM TEC2 Receives Cranes

The first three of the world’s largest and most technologically advanced Ship-to-Shore (STS) container cranes and two rail mounted cranes for the intermodal rail

AEP to Sell AEP River Ops To ACL

American Electric Power (AEP) has signed an agreement to sell its commercial barge transportation subsidiary, AEP River Operations LLC, to American Commercial Lines (ACL),

NorSea Group Acquires Wind Power Company ØER

Through its wholly owned Danish subsidiary Danbor, NorSea Group has acquired the Danish wind power company Øer.   In announcing the acquisition today, NorSea

Repsol Sells Part of Piped Gas Business

Spanish oil major Repsol on Wednesday said it had sold part of its piped gas business to Gas Natural Distribution and Redexis Gas for 652 million euros ($728 million),

Rio Tinto Sheds Aussie Mine Stake

Rio sells out of Australian coal mine; New Hope Corp buys 40 pct stake for $606 million. Global miner Rio Tinto on Wednesday said it had agreed to sell its 40

Mitsui Shipbuilding Acquires TGE Marine

 Japanese shipbuilder Mitsui Engineering and Shipbuilding (MES) has bought 99.36% of the outstanding ordinary shares in German designer and manufacturer of gas

Pacific Exploration Lenders Waive Net Worth Covenant

Canadian oil and gas producer Pacific Exploration and Production Corp said its lenders agreed to waive off a covenant that requires it to maintain above $1 billion in net worth,

Danaos buys 3 Boxships via new JV

  Danaos Corporation announced today the acquisition of three vessels through a newly-formed joint venture, capitalizing on depressed asset prices in the resale market.

EBRD buys into Turkish Port Operator

 The European Bank for Reconstruction and Development (EBRD) has acquired stake in Turkish cruise port operator Global Ports Holding (GPH), one of the world’s largest port operating companies.

Scorpio Services Holding Ups Stake in Scorpio Bulkers

Scorpio Bulkers Inc. announces purchase of 1,436,352 common shares by Scorpio Services Holding Limited    Dry bulk commodities shipper Scorpio Bulkers Inc. announced

BG Buys Canada Deepwater Stakes

BG Group said on Monday it had acquired stakes in three exploration blocks off the coast of Canada's Newfoundland months before its planned merger with Royal Dutch Shell.

Cash-Rich Gunvor Readies European Expansion

Gunvor is close to buying its third refinery in Europe, reinvesting money from asset sales in Russia, in a major turnaround for the Swiss trading house since its

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