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Mergers and Acquisitions News

Centrica and QPI to Acquire Further Gas Assets in Canada
Canada >> 5/15/2014 - CQ Energy Canada Partnership (CQE), the joint venture between Centrica plc and Qatar Petroleum International (“QPI”), has agreed to acquire a package of natural gas assets in the Foothills region of A...
Black Pearl & IDD Jordan Sign Collaboration Agreement
Jordan >> 5/14/2014 - Industrial Design and Development (IDD), a KADDB Investment Group Affiliate has signed a Memorandum of Understanding (MOU) with Black Pearl Capital (BPC) during the Special Operations Exhibition and ...
New World Oil and Gas Signs Sale Purchase Agreement in Kuwait
Kuwait >> 5/13/2014 - New World Oil and Gas Plc, the AIM quoted oil and gas operating, exploration and development company with projects in Belize and Denmark, announces that further to its RNS on 8 May 2014 regarding the ...
Centrica and QPI Strengthen Strategic Relationship in North America
Canada >> 5/8/2014 - Centrica plc and Qatar Petroleum International (“QPI”), the international arm and wholly owned subsidiary of Qatar Petroleum (“QP”), have reached an agreement whereby QPI will acquire 40 per cent of C...
Repsol Completes Argentine Exit with $1.3b YPF Sale
Argentina >> 5/7/2014 - Spanish oil major Repsol bid farewell to 15 years of business in Argentina with the $1.3 billion sale of a stake in energy firm YPF , opening a new era that is likely to focus on acquisitions. ...
Unique Maritime Signs JV Agreement with OEG Offshore
United Arab Emirates >> 5/7/2014 - Unique Maritime Group, which is one of the world’s leading integrated turnkey subsea and offshore solutions provider, is proud to announce a joint venture agreement with OEG Offshore (OEG), to offer t...
Statoil’s Farm Down in Shah Deniz & South Caucasus Pipeline Completed
Azerbaijan >> 5/6/2014 - On 1 May 2014 Statoil completed the farm down of 10% of its interest of 25.5% in the Shah Deniz Production Sharing Agreement and the South Caucasus Pipeline Company Limited to BP (3.33%) and SOCAR (6....
Oilex Provides Magna Cambay Transaction Update
India >> 5/2/2014 - Oilex Ltd announces that pursuant to the Sale and Purchase Agreement (SPA) entered into with Magna Energy Limited (Magna) on 9 August 2013, the SPA unwind process has been triggered. ...
Salamander Energy in talks to Sell Itself
Indonesia >> 5/1/2014 - Salamander Energy Plc is considering selling itself and has opened talks with "a small number" of potential buyers, the company said, sending its shares up 16 percent to their highest in almost a year...
Bidco Will Acquire Heritage for $1.56b
Qatar >> 4/30/2014 - Energy Investments Global Ltd (Bidco) is pleased to announce that it has reached agreement with the Independent Directors of Heritage Oil Plc (Heritage or the Company) on the terms of a recommended ca...
OER Extends Completion Date for ConocoPhillips Acquisition
Nigeria >> 4/30/2014 - Oando Energy Resources Inc, a company focused on oil and gas exploration and production in Nigeria, announced that the outside date for completion of the proposed acquisition of the Nigerian Upstream ...
Caracal and Glencore Arrangement Agreement
Chad >> 4/29/2014 - Caracal Energy Inc announces that Glencore International AG a subsidiary of Glencore Xstrata plc has disclosed that on April 28, 2014 it acquired, through a subsidiary 8682321 Canada Inc., 4,153,506 c...
Petroamerica to Acquire all of Suroco’s Issued & Outstanding Common Shares
Canada >> 4/28/2014 - Petroamerica Oil Corp has entered into an arrangement agreement with Suroco Energy Inc whereby Petroamerica has agreed to acquire all of the issued and outstanding common shares of Suroco by way of a ...
Indicative Proposal to Merge Ophir & Premier Businesses
United Kingdom >> 4/28/2014 - Further to recent press speculation, Ophir confirms that it recently made an approach to the Board of Premier with an indicative proposal to merge the two businesses. The Ophir Board believed that mer...
RK-21 Well Reaches Total Measured Depth with Multiple Potential Gas-Bearing Zones
Ukraine >> 4/24/2014 - Cub Energy Inc provides an operational update and announces the Rusko-Komarovske-21 (“RK-21”) development well on the Rusko-Komarovske (“RK”) licence in western Ukraine has reached a total measured de...
PTTEP Acquires Hess in Thailand to Strengthen Its Investment
Thailand >> 4/23/2014 - PTT Exploration and Production Public Company Limited or PTTEP, represented by Mr. Tevin Vongvanich, President and CEO, revealed that PTTEP Offshore Investment Company Limited and PTTEP International ...
A Consortium Agrees $500m National Petroleum Services Buy
United Arab Emirates >> 4/22/2014 - A consortium of Gulf-based investors including Fajr Capital and Arab Petroleum Investment Corp (Apicorp) have agreed on a deal to acquire Dubai-based oilfield services firm National Petroleum Services...
Technip Agrees to Sell its Majority Share in Seamec
India >> 4/22/2014 - Technip has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec Limited to HAL Offshore Limited, India at a consideration of Rs 97 per share. ...
Glencore Enters into Agreement to Acquire Caracal for £5.50 in Cash Per Share
Canada >> 4/14/2014 - Glencore Xstrata plc and Caracal Energy Inc have reached a definitive agreement for a wholly owned subsidiary of Glencore to acquire Caracal for an all cash consideration of £5.50 per common share by ...
Sumitomo Acquires a Share in CEPSA Quimica China
China >> 4/11/2014 - CEPSA and Sumitomo Corporation have entered into an agreement for the Japanese company to acquire 25% of CEPSA Quimica China, until now 100% owned by CEPSA. Welcoming Sumitomo into the fold of the com...

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