Acquisition


All posts for Acquisition

Bass Oil Extension of Acquisition Settlement Terms With Cooper Energy

Australian oil producer, Bass Oil Limited (ASX: BAS), advises that the Company has negotiated an extension to the settlement terms with Cooper Energy Limited (ASX: COE) regarding the acquisition of its 55% interest in the Tangai-Sukananti KSO in South Sumatra. Under the agreed new payback terms ...

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Posted 10 months agoPress > Bass OilCooper EnergyAcquisition +5

Valor Launches With Immediate Acquisition of Cavitas Energy and Further Acquisitions Planned

Valor PPA Ltd, a specialist growth engine, has officially launched with the acquisition of Aberdeen based firm Cavitas Energy. The Aberdeen-based growth engine which started in August 2017, has opened its doors with the purchase of enhanced heavy oil recovery specialist Cavitas Energy. A seven fig ...

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Posted 10 months agoPress > ValorCavitas EnergyAcquisition

Neptune Energy Group agrees to acquire VNG Norge AS

London, 28 June 2018. Neptune Energy Group (“Neptune”) announced today that it has entered into a Sale and Purchase Agreement to acquire 100% of the shares of VNG Norge AS (“VNG Norge”) from VNG AG, the German natural gas wholesaler and energy service provider. Acquisition detail: The VNG No ...

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Posted 10 months agoPress > Neptune Energy GroupNeptune EnergyVNG Norge +1

Diversified Gas & Oil PLC - Further re Acquisition and Share Placing

Update on $575 million acquisition of producing gas and oil assets in Appalachian Basin Proposed Share Placing to raise up to $250m (the "Placing”) at 97pence per share (the “Placing Price”) Restoration of trading on AIM   Diversified Gas & Oil PLC (AIM: DGOC), a US based gas and oil pro ...

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Posted 10 months agoPress > Diversified Gas & OilAcquisitionShare Placing +3

Mayan Energy Ltd: Acquisition and Issue of Equity

Mayan Energy announce acquisition of 12 further wells on producing Texan oil field and a successful raise of £850,000 via an oversubscribed placing. Mayan (AIM: MYN), the AIM listed oil and gas company, is pleased to announce that it has entered into a conditional Sale and Purchase Agreement to ...

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Posted 10 months agoPress > Mayan EnergyAcquisitionEquity Issue +8

TGS and PGS Announce More 3D Multi-Client Acquisition Offshore East Canada

TGS and Petroleum Geo-Services ("PGS") announce that a second vessel, the Ramform Sterling, will be allocated to the 2018 East Canada acquisition program.  This vessel will acquire a minimum 2,700 km 2 of 3D seismic, including additional data within the 2017 Harbour Deep and Cape Broyle 3D survey ...

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Posted 11 months agoPress > TGSPGSOffshore +2

Matra Petroleum Closes Acquisition and Carries Out a Directed Share Issue of 4,593,435 Shares as Part of the Consideration

Matra Petroleum AB and its wholly owned subsidiary Matra Terra LLC ("Matra" or the "Company") and entities controlled by Melody Capital Partners, LP ("Melody") have closed the acquisition initially announced on 14 March 2018, under which Matra acquires 40 oil and gas leases in the Texas Panhandle ...

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Posted 11 months agoPress > Matra PetroleumAcquisitionMatra Terra +3

Subsea 7 Withdraws its Proposal to Acquire McDermott

Luxembourg -May 2, 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced that it had taken note of McDermott International, Inc. ("McDermott," NYSE: MDR) shareholders' vote in favour of a combination with CB&I (NYSE: CBI). In light of this vote, Subsea 7 confirms that the proposal made ...

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Posted 1 year agoPress > Subsea 7AcquisitionMcDermott

KCA Deutag Completes the Acquisition of the Omani and Saudi Arabian Businesses of Dalma Energy LLC

Prior to publication, this document contained inside information under Regulation (EU) 596/2014 on market abuse. Following the announcement made on 5 March 2018, KCA Deutag today announces that it has completed the combination with the Omani and Saudi Arabian businesses of Dalma Energy LLC. A ...

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Posted 1 year agoPress > KCA DEUTAGAcquisitionoman +2

ExxonMobil Plans Purchase of Large Indonesia Motorcycle Lubricant Manufacturer, Marketer

Anticipated purchase of PT Federal Karyatama (FKT), including Federal Oil brand Acquisition builds on existing Mobil lubricant brand offer in Indonesia Purchase to accelerate growth in key developing market IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil  said today it agreed to purchase PT Fede ...

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Posted 1 year agoPress > PT Federal KaryatamaFKTFederal Oil +6

Subsea 7 Re-Affirms its Proposal to Acquire McDermott

Subsea 7 S.A. today announced a re-affirmation of its interest in acquiring McDermott International, Inc. (“McDermott,” NYSE: MDR). Subsea 7's proposal is subject to the termination of McDermott's pending transaction with CB&I (NYSE: CBI).  Subsea 7 is open to considering amending its proposal if ...

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Posted 1 year agoPress > NYSESubsea 7McDermott +2

Subsea 7 Confirms USD 7.00 Per Share Proposal to Acquire McDermott

Subsea 7 has the ability to quickly execute a definitive agreement Subsea 7 made premium proposal providing substantial growth prospects, highly visible synergies and investment grade financial profile Luxembourg - April 23, 2018 - Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) confirms that it made ...

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Posted 1 year agoPress > Subsea 7AcquisitionMcDermott

Virtus Oil and Gas Releases Financials With $14 Million in Assets

Virtus Oil and Gas Releases Financials With $14 Million in Assets PRESS RELEASE GlobeNewswire Apr. 19, 2018, 07:17 AM LAS VEGAS, April 19, 2018 (GLOBE NEWSWIRE) -- Virtus Oil and Gas Corporation (VOIL), has placed on the Company's website all financials current through November 2017. The Company no ...


Posted 1 year agoPress > Virtus Oil and GasParadox BasinOTCBB +11

Swire Oilfield Services Announces Acquisition of Specialist Aviation Service Company

Swire Oilfield Services, a leading global provider of offshore containers and oilfield services, announced today the strategic acquisition of specialist aviation service company Gordon Engineering Services (GES). The two companies will offer a combined end-to-end aviation service with the benefit ...

Alex Whyte


Posted 1 year agoPress > North SeaUnited KingdomSwire Oilfield Services +2

GP Global Completes Acquisition of MAG Lube LLC in the Middle East

GP Global Acquires Controlling Stake of MAG Lube LLC MAG Lube LLC Valued at $75m Acquisition positions GP Global as a leading lubricant manufacturer in the Middle East   11 April 2018:  GP Global (Formerly Gulf Petrochem Group) today announced that it has completed its acquisition of MAG Lube ...

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Posted 1 year agoPress > GP GlobalMAG LubeMiddle East +1