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Mergers and Acquisitions News

Tellus Resources Acquires 25% Interest in Block 3114
Madagascar >> 6/11/2014 - Tellus Resources Limited (TLU) has agreed to acquire a 25% interest (with the right to acquire up to an 80% interest) in a drill-ready and large scale onshore oil exploration asset, located off the so...
Petroamerica Provides Update on Suroco Arrangement
Canada >> 6/10/2014 - Petroamerica Oil Corp is aware of the June 9, 2014 press release of an affiliate of VETRA Holding S.a.r.l. wherein Vetra announced an offer to acquire the issued and outstanding common shares of Suroc...
Sipchem, Sahara Blame the Framework for the Collapse
Saudi Arabia >> 6/8/2014 - Further to the announcement made by the Company on 4 December 2013 regarding the entry into a memorandum of understanding with Sahara (the MOU) to begin confirmatory due diligence and continue the non...
Sembcorp Acquires Stake in GraviFloat AS
Singapore >> 6/2/2014 - Sembcorp Marine has entered into an agreement to acquire a 12% stake in GraviFloat AS for US$4 million, with a right to increase its stake up to 20% by further equity injection. GraviFloat was formed ...
Marathon Oil Announces $2.7 Billion Sale of Norway Business
Norway >> 6/2/2014 - Marathon Oil Corporation has entered into a definitive agreement with Det norske oljeselskap ASA under which Det norske will purchase Marathon Oil's wholly owned subsidiary, Marathon Oil Norge AS, for...
KrisEnergy Completes Acquisition of Thai G10/48 Unit
Thailand >> 5/27/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, refers to the announcement dated 21 May 2014 in relation to the acquisition of the entire issued and paid up share capital of MP G10 and an...
SABIC & Korea’s SK Global Sign $595m JV Agreement
SABIC & Korea’s SK Global Sign $595m JV Agreement Saudi Arabia >> 5/26/2014 - SABIC and the Korean petrochemical company, SK Global Chemical, signed a 50-50 joint venture agreement in Seoul, South Korea, for a total investment of US$ 595 million to manufacture a range of high-p...
Hess Agrees to Sale Retail Business to Marathon
United States >> 5/22/2014 - Hess Corporation has agreed to sell its retail business to Marathon Petroleum Corporation for a total cash consideration of $2.6 billion. Hess Retail is the largest chain of company operated gas stati...
Seplat Confident Will Win Chevron Nigeria Asset
Nigeria >> 5/22/2014 - Seplat is confident it will win a dispute over the purchase of a Chevron asset, the Nigerian oil and gas firm's chief executive said. ...
KrisEnergy Acquires Thai G10/48 Stake & Operatorship
Thailand >> 5/21/2014 - KrisEnergy Ltd, an independent upstream oil and gas company, announces that its wholly owned subsidiary, KrisEnergy Management Ltd (“KEML”), has agreed with Mubadala Petroleum to purchase the entire i...
Emerson Purchases Leading Reliability Consulting Services Firm
United States >> 5/20/2014 - Emerson announced that it has acquired Management Resources Group, Inc. (MRG), a leading reliability consulting services firm. The acquisition adds the deep asset-reliability consulting expertise of M...
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...
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...
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. ...
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...

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