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Mergers and Acquisitions News

PDVSA Asset Sales May Shield Venezuela from Seizures
Venezuela >> 9/24/2014 - Venezuelan state-run oil company PDVSA's rushed move to sell units raises questions whether Venezuela wants to reduce international exposure to avoid potential asset grabs in the event companies win a...
Dresser-Rand Signs Agreement to Sell to Siemens
United States >> 9/21/2014 - Dresser-Rand Group Inc, a global supplier of rotating equipment and aftermarket parts and services, announced that it has entered into a definitive merger agreement with Siemens under which Siemens wi...
SIBUR & Government of the Amur Region Sign Cooperation Agreement
Russia >> 9/19/2014 - Oleg Kozhemyako, Governor of the Amur Region, and Pavel Lyakhovich, Member of the SIBUR Management Board and Managing Director, have signed a cooperation agreement between the Government of the Amur R...
Technip Further Optimizes its Subsea Assets
France >> 9/15/2014 - Technip signed an agreement to sell 100% of its North American diving assets to Ranger Offshore Inc. Technip’s strategy focuses on high technology and ultra-deep water products and services. ...
Keppel to Acquire 10% Interest in Golar Hilli Corporation
Singapore >> 9/5/2014 - Keppel Corporation Limited wishes to announce that KSI Production Pte Ltd, an indirect wholly-owned subsidiary of the Company, has on 4 September 2014 entered into a sale and purchase agreement to acq...
Yauza 12 Acquired 17% in SIBUR Holding
Russia >> 9/5/2014 - SIBUR has received notification that Yauza 12 has acquired 17% in SIBUR Holding, previously beneficially owned by entities under control of Gennady Timchenko. Yauza 12 is wholly owned by Kirill Shamal...
Midcost Acquire 30,000,000 Shares at a Premium Price
Russia >> 9/4/2014 - Aladdin has been informed that Midcost has acquired 30,000,000 shares in AOGC. ...
Shawcor Completes Sale of Brazilian Joint Venture Interest
Brazil >> 9/4/2014 - ShawCor Ltd had completed the sale of its Socotherm division's joint venture interest in Socotherm Brasil, first announced in December 2013, to its joint venture partner, Tenaris. Socotherm Brasil ope...
Azabache to Reorganize its Operations in Colombia
Colombia >> 9/3/2014 - Azabache Energy Inc. will be re-organizing its operations in Colombia by transferring certain assets from its existing Colombian branch, Azabache Energy Inc. Sucursal Colombia (Azabache Colombia Branc...
Samsung Engineering to Merge with Samsung Heavy Industries
Samsung Engineering to Merge with Samsung Heavy Industries South Korea >> 9/1/2014 - Samsung Engineering Co., Ltd, the first and largest engineering company in Korea has officially announced that it will merge with Samsung Heavy Industries, the world’s market leader in drillship LNG c...
Ophir’s Board Approves Share Programme of up to $100m
United Kingdom >> 8/29/2014 - Ophir Energy plc (Ophir) announced on 14 August 2014 that, after assessing the near-term capital needs of the business and the discount the Company’s shares are trading at in relation to the underlyin...
Update on Recommended Acquisition of Dart Energy by Igas
United Kingdom >> 8/26/2014 - The Board of IGas notes the announcement today by Dart Energy Limited regarding the proposed recommended acquisition of Dart by IGas by way of Scheme of Arrangement. ...
ECO Limited Acquired 50% Stake in Lewek Antares Shipping
Singapore >> 8/26/2014 - EOC Limited agreed to acquire 50% of the entire issued share capital of Lewek Antares Shipping Pte. Ltd., a company incorporated under the laws of Singapore, from Konquest Marine Pte Ltd (KMPL). Compl...
SNC-Lavalin Completes Acquisition of Kentz Corporation
Ireland >> 8/22/2014 - SNC-Lavalin Group Inc has completed its acquisition of Kentz Corporation Limited, a global company with 15,500 employees operating in 36 countries. Kentz provides industry-leading engineering, constru...
National Iranian Drilling Company to Become Holding Co.
Iran >> 8/16/2014 - Iran plans to change the status of National Iranian Drilling Company (NIDC) to a holding company, a senior official said. ...
Plexus Completed the Formation of New Malaysian Joint Venture
Malaysia >> 8/13/2014 - Plexus Holdings PLC, the AIM quoted oil and gas engineering services business and owner of the proprietary POS-GRIP® friction-grip method of wellhead engineering, announces that its subsidiary Plexus ...
Petrofac Completes PetroFirst Transaction
United Kingdom >> 8/13/2014 - Petrofac Limited is pleased to announce the completion of the sale of 80 per cent of the share capital of Petrofac FPSO Holding Limited to PetroFirst Infrastructure Holdings Limited, a company wholly ...
Acquisition Expands OPW's Market Reach & Product Breadth
Australia >> 8/11/2014 - OPW has signed a definitive agreement to acquire all the outstanding shares of Liquip International headquartered in Smithfield, NSW, Australia. Liquip is a leading Australian designer and manufacture...
OGPar Sells Shares in Former OGX Gas Unit
Brazil >> 8/7/2014 - Brazil's Oleo e Gas Participacoes SA, the bankrupt oil company controlled by Eike Batista, said that Brazilian buyout firm Cambuhy Investimentos bought shares worth 199.9 million reais ($87 million) t...
Sale of Interest in Transierra
Brazil >> 8/5/2014 - Petrobras has sold its 44,5% stake in Transierra S.A. to Yacimientos Petroliferos Fiscales Bolivianos (YPFB) for US$ 106.7 million. This operation is aligned with the Company’s Strategic Plan and comp...

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