Acquisition


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Subsea 7 Announces Completion of Siem Offshore Contractors Acquisition

Subsea 7 S.A. (Oslo Børs: SUBC, ADR: SUBCY) today announced the completion of the acquisition of Siem Offshore Contractors GmbH ("Siem Offshore Contractors") and two vessels, the inter-array cable lay vessel Siem Aimery and the support vessel Siem Moxie, from the Siem Offshore Group. On completion, ...

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Posted 1 year agoPress > Subsea 7Siem Offshore COntractorsAcquisition

Statoil Completes Acquisition of US Gulf of Mexico Deepwater Discovery

Statoil and Total have completed their acquisition of Cobalt International Energy's 60% operated interest in the North Platte discovery in the US Gulf of Mexico for an aggregate prurchase price of USD 339 million. The partners have jointly presented the winning bid for the asset in a bankrupt ...

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Posted 1 year agoPress > StatoilTotalAcquisition +7

Australia's Bass Hungry for More Onshore Indonesian Oil Acquisitions After Record March Production from Sumatran Field

Release Date: 9 April 2018 Highlights Record March output as Indonesian oil field production lifts ~21% on February levels as a result of optimisation work Highest output since 2017 project acquisition Further uplift of 150-250 barrels of oil per day expected from Bunian-3 Tota ...

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Posted 1 year agoPress > AustraliaBass Oilonshore +4

Concho's Acquisition of RSP Creates New Opportunities for Greater Efficiency

Map of Concho Resources and RSP Permian's Currently Producing Wells Sources: Kayrros Analysis, Texas RRC, New Mexico OCD New synergies arise through combining the two companies' acreage and technology Concho Resources ...

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Posted 1 year agoPress > ConchoConcho ResourcesRSP +5

OMV and ADNOC Plan the Signing for the Acquisition of a 20% Interest by OMV in Two Offshore Oil Fields in Abu Dhabi by the End of April 2018

OMV and Abu Dhabi National Oil Company (ADNOC) agreed that OMV will acquire a 20 percent interest in the concession for the offshore oil fields Satah Al Razboot (with the satellite fields Bin Nasher and Al Bateel) and Umm Lulu as well as the associated infrastructure for a purchase price of USD ...

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Posted 1 year agoPress > OMVADNOCAcquisition +3

DNO Announces Acquisition of Minority Shareholding in Faroe Petroleum

Oslo, 4 April 2018 - DNO ASA, the Norwegian oil and gas operator, today announced that it has agreed to acquire 15.37 percent of the share capital of Faroe Petroleum plc from Delek Group Ltd. The acquisition covers all Faroe Petroleum ordinary shares held by Delek, totaling 56,355,825, at a pri ...

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Posted 1 year agoPress > DNOFaroe PetroleumNorway +4

Hibiscus Petroleum Completes Acquisition of North Sabah PSC From Shell

Hibiscus Petroleum secures second revenue stream with completion of the transaction to acquire 50% participating interests in the North Sabah PSC from Shell. Operatorship of the assets have been transferred from Shell to SEA Hibiscus. Significant boost in Hibiscus Petroleum's oil producti ...

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Posted 1 year agoPress > AcquisitionHibiscus PetroleumNorth Sabah +3

$21.1bn in M&A Deals Were Announced in the Downstream Sector in 2017, Says GlobalData

A combined value of $21.1bn in mergers and acquisitions (M&A) were announced in the downstream sector in H2 2017, according to GlobalData, a leading data and analytics company.  The company's report: ‘ Bi-annual Downstream Deals Review – H2 2017 ' states that this was a decrease of 19 percent from ...

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Posted 1 year agoOpinion > GlobalDataM&Adownstream +6

Whitebark Energy Announces Acquisition Approved

Adds 450boe/d and 4.1 million boe* to JV reserves 21st March 2018 Highlights: Acquiring oil and gas assets producing 450 boe/d in its existing area of focus in Central Alberta for the gross amount of A$1.9m1 (30% working interest for Whitebark). Adds 135 boe/d net to Whitebark, 30 ...

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Posted 1 year agoPress > Whitebark EnergyAcquisitionCentral Alberta +4

Matra Petroleum Agrees to Acquire Producing Oil and Gas Reserves and Secure Financing for 2018 Drilling Program

Matra Petroleum AB ("Matra") and entities controlled by Melody Capital Partners, LP ("Melody") have signed a non-binding term sheet under which Matra will acquire 22 oil and gas leases in the Texas Panhandle region, adding proved reserves of approx. 4.0 million barrels of oil equivalent. Current ...

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Posted 1 year agoPress > Matra PetroleumUnited StatesUS +7

Total Closes the Maersk Oil Acquisition and Becomes the Second-Largest Operator in the North Sea

Paris - Total announces the closing of the Maersk Oil acquisition signed on 21st of August 2017. It brings to Total around 1 billion barrels of oil equivalent of 2P/2C reserves and resources, mainly in the OECD countries, and a production of about 160,000 barrels of oil equivalent per day (boe/d) ...

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Posted 1 year agoPress > TotalMaersk OilAcquisition +5

Diversified Gas & Oil - Alliance Petroleum Corporation Acquisition Completion

Diversified Gas & Oil PLC (AIM: DGOC), a leading independent US based gas and oil producer focused on the Appalachian Basin, is pleased to confirm that the Company has completed the acquisition of Alliance Petroleum Corporation (“Alliance Petroleum”).  DGO announced on 31 January 2018 that it had s ...

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Posted 1 year agoPress > Alliance PetroleumAcquisitionDiversified Gas & Oil +3

Oceaneering Acquires Ecosse Subsea Limited

Expands Service Line Capabilities to the Growing Renewable Energy Market HOUSTON, March 5, 2018 – Oceaneering International, Inc. ("Oceaneering") (NYSE:OII) announced today that one of its wholly owned subsidiaries has acquired Ecosse Subsea Limited ("Ecosse"), a provider of offshore engineeri ...

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Posted 1 year agoPress > AcquisitionOceaneeringNYSE +4

First Acquisition for 2018 Adds 450 boe/d Gross to Canadian JV Production

Highlights: • Acquiring oil and gas assets producing 450 boe/d in its existing area of focus in Central Alberta for the gross amount of CAN$1.9m (30% working interest for the Company). • Acquisition is subject to Court Approval as the assets form part of a Court Appointed Re ...

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Posted 1 year agoPress > AcquisitionWhitebark EnergyCanada +3

Neptune Energy Represents a New Scale of Private Equity Backed Entrant to the Upstream Sector, Says GlobalData

The completion of Neptune Energy's acquisition of Engie E&P International SA follows a trend of private equity-backed companies purchasing legacy E&P assets, but this transaction, which all-but removes Engie from the upstream sector, is on a much larger scale. Neptune Energy's portfolio is larger t ...

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Posted 1 year agoPress > Neptune EnergyPrivate Equityupstream +4