Acquisitions and Mergers Latest News

Monday, August 3, 2015

Atlantic Petroleum announces review of strategic alternatives

P/F Atlantic Petroleum (NASDAQ OMX COPENHAGEN: ATLA DKK & Oslo Stock Exchange: ATLA NOK) announced today that its Board of Directors has authorized the Company's management team to explore a broad range of strategic alternatives to further enhance shareholder value. Par ...
West Europe | Monday, August 3, 2015

ENOC increases Dragon Oil offer to 800p, declared unconditional and final

Revision of Offer Price to 800 pence for each Dragon Oil Share Following productive dialogue with minority shareholders The revised offer has been increased to give all parties certainty Valid Acceptances of 15.5 per cent. and Intended Acceptances of 1.32 per cent ...
West Europe | Monday, August 3, 2015

Friday, July 31, 2015

Canamax Energy and Powder Mountain Energy announce closing of business combination

Canamax Energy Ltd. (TSX VENTURE: CAC) and Powder Mountain Energy Ltd. (TSX VENTURE: PDM) are pleased to announce the completion of the acquisition by Canamax of all of the issued and outstanding common shares of Powder by way of a previously announced plan of arrangeme ...
North America | Friday, July 31, 2015

Thursday, July 30, 2015

Shell updates on company development and recommended combination with BG Group; 6500 job reductions in 2015

Competitive performance in low oil prices; planning for prolonged downturn Dividend commitment unchanged: 2015 $1.88/share, 2016 at least $1.88/share Share buy-back commitment unchanged: $25 billion 2017-2020 Operating cost reduction in 2015 totalling $4 billion (-10%) ...
West Europe | Thursday, July 30, 2015

Tuesday, July 28, 2015

Trapoil announces proposed acquisition of Jersey Oil and Gas E&P

Trapoil (AIM: TRAP), the independent oil and gas exploration, appraisal and production company focused on the UK Continental Shelf region of the North Sea, is pleased to announce, inter alia, that it has agreed to acquire the entire issued and to be issued share capital ...
West Europe | Tuesday, July 28, 2015

Monday, July 27, 2015

Brazilian competition authority approval of Shell offer

BG Group plc, today confirms that the recommended cash and share offer for the Company to be made by Royal Dutch Shell plc ('Shell') has received unconditional merger clearance from the Brazilian competition authority ('CADE'). The unconditional clearance follows CADE' ...
South America | Monday, July 27, 2015

Wednesday, July 22, 2015

Beyond Shell-BG, oil company merger activity is down

The second quarter of 2015 exhibited the largest amount of oil companies' merger and acquisition (M&A) activity by value since fourth-quarter 2012. The announced merger between Royal Dutch Shell and BG Group in early April accounted for $84 billion of the $115 billion ...
North America | Wednesday, July 22, 2015

Tuesday, July 21, 2015

Xplorer signs memorandum of understanding to acquire interest in five exploration permits offshore Morocco

The board of directors of Xplorer is pleased to announce it has today signed a memorandum of understanding for the acquisition of a significant working interest in five shallow offshore exploration permits off the coast of Morocco. Xplorer has negotiated the acquisitio ...
North Africa | Tuesday, July 21, 2015

Noble Energy closes acquisition of Rosetta Resources

Noble Energy, Inc. (NYSE: NBL) today announced that the stockholders of Rosetta Resources Inc. overwhelmingly approved the merger of Rosetta into a subsidiary of Noble Energy. The transaction closed following the shareholder meeting and the merger will be effective at t ...
North America | Tuesday, July 21, 2015

Monday, July 20, 2015

New Star Energy announces completion of acquisition by Sinoenergy Pacific

New Star Energy Ltd. and Sinoenergy Pacific Corp. are pleased to announce the completion of the previously announced arrangement involving New Star, Sinoenergy and the shareholders of New Star, pursuant to which Sinoenergy acquired, through a wholly-owned subsidiary, al ...
North America | Monday, July 20, 2015

Thursday, July 16, 2015

Emirates National Oil Company provides update on strategy for Dragon Oil

Emirates National Oil Company Ltd (ENOC) L.L.C., as majority shareholder in Dragon Oil Plc provides further detail on its future strategy for Dragon Oil and further clarity on operational aspects of the business. Key points Whether or not Dragon Oil is delisted, ENOC n ...
West Europe | Thursday, July 16, 2015

Tuesday, July 14, 2015

WPX Energy announces definitive merger agreement to acquire RKI Exploration & Production, entering US Permian Basin

WPX Energy (NYSE: WPX), a domestic energy producer with operations in the western United States, today announced a definitive merger agreement to acquire privately held RKI Exploration & Production, LLC for $2.35 billion plus the assumption of $400 million of debt. The ...
North America | Tuesday, July 14, 2015

Monday, July 13, 2015

Halliburton and Baker Hughes provide update on proposed acquisition

Halliburton Company (NYSE: HAL) and Baker Hughes Incorporated (NYSE: BHI) today announced that they have entered into a timing agreement with the Antitrust Division of the U.S. Department of Justice pursuant to which both companies have agreed to extend the period for t ...
North America | Monday, July 13, 2015

Nostrum Oil & Gas approaches Tethys Petroleum regarding potential takeover offer

Nostrum Oil & Gas PLC (LSE: NOG) announces that, following the recent announcements by Tethys regarding its strategic collaboration with and financing by AGR Energy, Nostrum has made a further approach to the Board of Tethys regarding a possible offer for the entire iss ...
West Europe | Monday, July 13, 2015

Thursday, July 9, 2015

ALFA and Harbour Energy terminate acquisition of Pacific Rubiales

Pacific Rubiales Energy Corp. (TSX: PRE) (BVC: PREC) today announced that, at the request of ALFA, S.A.B. de C.V. and Harbour Energy Ltd., it has agreed with Harbour Energy, L.P., Harbour Energy, ALFA and 1035815 B.C. Ltd. to terminate the arrangement agreement entered ...
North America | Thursday, July 9, 2015

Tuesday, July 7, 2015

StonePoint Energy announces proposed acquisition by Endurance Energy

StonePoint Energy Inc. (TSX VENTURE:STO) is pleased to announce that it has entered into a definitive arrangement agreement pursuant to which Endurance Energy Ltd. ('Endurance'), a portfolio company of Warburg Pincus, a global private equity firm focused on growth inves ...
North America | Tuesday, July 7, 2015
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