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Mergers and Acquisitions News

Transocean Ltd. Announces Closing of U.S. $600 Million of Secured Notes Due 2024
United States >> 10/19/2016 - Transocean Phoenix 2 Limited, one of its wholly-owned indirect subsidiaries (the Issuer), has closed its previously announced offering of U.S. $600 million in aggregate principal amount of 7.75% senio...
ADNOC to Create World Class Shipping, Marine and Services Company
United Arab Emirates >> 10/18/2016 - ADNOC intends to consolidate the operations of three of its shipping, marine and services companies to create a single world-class entity. The Abu Dhabi National Tanker Company, ADNATCO, Petroleum Ser...
Petrobras Approved the Sale of Nansei Sekiyu Company
Japan >> 10/18/2016 - Petrobras’ Board of Directors approved at the meeting, the sale of 100% of the shares of Nansei Sekiyu (NSS) for Taiyo Oil Company. ...
Oceaneering Completes Acquisition of Blue Ocean Technologies
United States >> 10/17/2016 - Oceaneering International, Inc. (Oceaneering) has acquired the assets of Blue Ocean Technologies, LLC (Blue Ocean), a privately held provider of riserless light well intervention (RLWI) services, for ...
Negotiations for the Sale of Liquigas
Brazil >> 10/14/2016 - Petrobras informs, in relation to the sale of its wholly owned subsidiary Liquigas Distribuidora S.A. (Liquigas), that it is in advanced negotiations with Ultrapar Participaçoes S.A. ...
ChemChina & Sinochem in Talks on Possible $100 Bln Merger
China >> 10/14/2016 - Chinese state-owned chemical companies Sinochem Group and ChemChina are in discussions about a possible merger to create a chemicals, fertiliser and oil giant with almost $100 billion in annual revenu...
RSP Permian Acquires Silver Hill Energy Partners for $2.4b
United States >> 10/13/2016 - RSP Permian, Inc. (RSP) has entered into definitive agreements to acquire Silver Hill Energy Partners, LLC (SHEP I) and Silver Hill E&P II, LLC ("SHEP II," and together with SHEP I, "Silver Hill") for...
Essel Group Middle East Exercise Warrants in Simba
Kenya >> 10/12/2016 - Essel Group Middle East (EGME) has exercised 17,000,000 warrants of Simba Energy Inc. (Simba) at $0.075 per share for total proceeds of $1,275,000CAD. Proceeds will be used to retire remaining debt in...
InterOil Provides Update on ExxonMobil Transaction
United States >> 10/10/2016 - InterOil Corporation announced that, after the close of business on October 7, 2016, the Supreme Court of Yukon approved the pending transaction (the transaction) with Exxon Mobil Corporation, includi...
Total Sells its Specialty Chemicals’ Affiliate Atotech for $3.2b
France >> 10/7/2016 - In the context of the divestiture process of its specialty chemicals’ affiliate, Atotech B.V., a global manufacturer of high technology plating solutions, Total has selected the offer from The Carlyle...
Frank’s International to Acquire Blackhawk Specialty Tools
United States >> 10/7/2016 - Frank’s International N.V. (Frank’s) has entered into a definitive merger agreement to acquire Blackhawk Group Holdings, Inc., the ultimate parent company of Blackhawk Specialty Tools LLC (Blackhawk),...
PDVSA and CITGO Start Operations of Subsidiary CITGO Aruba
Venezuela >> 10/7/2016 - Officials from the Governments of Aruba and the Bolivarian Republic of Venezuela, as well as representatives of Petroleos de Venezuela, S.A. (PDVSA) and CITGO Petroleum Corporation gathered in a cerem...
UAE's ADNOC to Consolidate Two Key Offshore Oil Firms
United Arab Emirates >> 10/4/2016 - Abu Dhabi National Oil Co (ADNOC) said it planned to consolidate the operations of two of its offshore oil companies into a new entity, as part of a bigger restructuring of the OPEC member's main ener...
Gazprom & RusGazDobycha Setting Up Project Company to Develop Group of Fields
Russia >> 9/27/2016 - The Gazprom Board of Directors took notice of the information about the progress of the joint project for the development of the Parusovoye, Severo-Parusovoye and Semakovskoye fields located in the Ya...
InfraStrata to Divest Oil and Gas Assets
United Kingdom >> 9/26/2016 - InfraStrata plc has agreed to a modification of the option held by Baron Oil Plc (Baron) to acquire equity in Islandmagee Storage Limited (IMSL), the gas storage development company owned 90% by the C...
Aker Solutions to Execute Share Purchase Program for Employees
Norway >> 9/26/2016 - Aker Solutions will for the eighth consecutive year offer employees in selected jurisdictions the opportunity to buy shares of the company. The 2016 employee share purchase program allows participants...
Baron Oil announces JV with SundaGas in Southeast Asia
Singapore >> 9/23/2016 - AIM-listed Baron Oil has entered into a Joint Venture with SundaGas, a Singapore-based company, to search for new business opportunities in Southeast Asia. ...
Approval of Interest Sale in Nova Transportadora do Sudeste
Brazil >> 9/23/2016 - Petrobras announces that its Board of Directors approved, in a meeting held, the sale of 90% of the shares of Nova Transportadora do Sudeste (NTS) to Brookfield Infrastructure Partners (BIP) and its a...
Severstal & Rutgers Group Present Joint Venture at Cherepovets
Russia >> 9/21/2016 - The Rutgers Severtar facility will be built in place of the old coal-tar processing unit at Cherepovets Steel Mill’s coke production plant. Rutgers Group will own 65.3% of the facility, Severstal 34.7...
Akastor & Mitsui Create Joint Venture
Brazil >> 9/20/2016 - Akastor ASA (AKA), an oil service investment company, announced that it has signed a Heads of Agreement with MITSUI & CO., LTD, a leading Japanese trading and investment company, and its Japanese part...

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