Mergers & Acquisitions

Engie Sheds North Sea Oilfield Stake

France's Engie has sold a 20-percent stake in a North Sea oilfield for an undisclosed sum to Wellesley Petroleum, a Norwegian oil firm with private equity backing, it said on Tuesday.

Canadian Energy Sacrifice "jewels" to keep Oil Sands

Faced with record low prices for heavy crude, Canadian energy companies are sacrificing other parts of their business to keep higher-cost oil sands production going

Warren Resources May Seek Bankruptcy Protection

Oil and gas producer Warren Resources Inc warned it would have to seek bankruptcy protection, if it fails to reach a debt restructuring agreement. The company had deferred a $7.

WPX Energy to Shed Colorado Assets

Oil and gas producer WPX Energy Inc said it would sell natural gas assets in Colorodo's Piceance basin for $910 million to boost its liquidity amid a prolonged slump in oil prices.

QP, Chevron Ink Offshore Moroccan Deal

Qatar Petroleum has reached an agreement with Chevron Morocco Exploration Ltd., a subsidiary of Chevron Corporation, to acquire a 30% participating interest from

R&M Group Merges with Sea Level Marine

R&M Ship Technologies USA, Inc. has merged Sea Level Marine, LLC. in efforts to increase the range of services offered to the company’s global client base. By aligning resources,

Anglo American's CEO: No Quick Commodities Rebound

Anglo American's chief executive said on Monday the mining industry had itself to blame for oversupply in the market and cannot rely on a reversal of the commodities price slump anytime soon.

Big Oil Shrinks and Plots the Way Forward

Companies seek to safeguard growth for when market recovers. As oil and gas companies cut ever-deeper into the bone to weather their worst downturn in decades,

Allianz, BofA Invest in U.S. Wind Farms

Marks first wind investment by Allianz in USA; combined volume at more than 600 mln euros. Allianz and Bank of America are investing in two onshore wind parks developed by French utility EDF,

Sound Energy to Acquire Meridja Area, Morocco

Sound Energy, the Mediterranean and European focused upstream gas company, announces that it has signed a binding agreement with Oil & Gas Investment Fund S.A.S

Shipping Line Consolidation: What Did the Airlines Do?

 The container shipping industry is faced with the challenge of ever-decreasing freight rates that can only be served viably with larger, more efficient vessels.

Rosneft to buy back Purgaz

Rosneft is in talks with "Gazprom" to buy back its stake in the joint venture - the largest producer of gas, "Purgas". Experts argue that such a deal would solve

Siemens UK & Ireland partners with EFC group

Siemens UK & Ireland has formed a strategic partnership with oil and gas control system specialist, EFC Group, in a collaboration which promises to deliver innovative,

MHI's Entity to Oversee Material Handling Equipment, Engine and Turbocharger Businesses

Today Mitsubishi Heavy Industries, Ltd. (MHI) decided in principle to launch a new wholly owned entity to integrally oversee its current businesses in material

Cosco Merger May Change Industry Dynamics

 The merger between China Shipping group and the Cosco Group has given rise to a mammoth company that could trigger stability and extended consolidation in the global shipping industry,

COSCO Also Eyes Greek Train Network

China's COSCO already the sole bidder for Greece's Piraeus Port. Buying both would give COSCO a European transhipment hub. China's COSCO is expected to make

EU Clears Schlumberger's Acquisition of Cameron

The European Union executive on Friday cleared the purchase of equipment maker Cameron International Corp by Schlumberger, the world's No.1 oilfield services provider.

BG Profits Slip Before Shell Takeover

BG beats 2015 production target thanks to Brazil, Australia. Britain's BG Group, in its last results update before its takeover by Shell, reported a 22 percent

Xylem Acquires Tideland

Xylem Inc., a global water technology company dedicated to solving water issues, has acquired Tideland Signal Corporation, a privately owned company specializing

Statkraft Eyes Domestic Wind Investments

Norway's Statkraft is still considering investing in a 1,000-megawatt (MW) onshore wind power development at home despite scaling back its international ambitions to pay a full dividend,

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