Acquisitions and Mergers Latest News


Buckeye Partners to acquire 50% of VTTI

VTTI BV, VTTI Energy Partners LP, NYSE: VTTI (together 'VTTI') and Vitol today announced that Buckeye Partners, L.P. has signed a definitive agreement to acquire a 50 percent equity interest in the holding company of VTTI for $1.15 billion. Upon completion, VTTI will be ...
North America | Tuesday, October 25, 2016

Monday, October 24, 2016

Rubicon Oilfield International completes acquisition of Logan International

Rubicon Oilfield International announced today that it has completed the acquisition of all of the outstanding common shares of Logan International Inc. ('Logan') (TSX: LII), a global leader in the supply of oilfield intervention and production tools, for $1.59 CAD per ...
North America | Monday, October 24, 2016

Monday, October 17, 2016

Dril-Quip agrees to acquire TIW Corporation

Dril-Quip, Inc. (NYSE: DRQ) today announced that it has entered into an agreement to acquire TIW Corporation, a 100-year old industry-leading manufacturer of consumable downhole products for the global oil and gas market, for approximately $143 million, subject to closi ...
North America | Monday, October 17, 2016

Wednesday, September 28, 2016

InterOil provides update on ExxonMobil transaction

InterOil Corporation (NYSE: IOC, POMSox: IOC) today provided the following update regarding InterOil's pending transaction with Exxon Mobil Corporation (NYSE: XOM): As previously disclosed, the closing of the transaction with ExxonMobil requires a final order from the ...
North America | Wednesday, September 28, 2016

Friday, September 16, 2016

RockPile Energy Services announces acquisition of American Well Service

RockPile Energy Services, LLC, a portfolio company of White Deer Energy, today announced the Company has acquired American Well Service LLP ('AWS'), a Kenmare, North Dakota based Workover Rig Company. Key Highlights: American Well Service is a 6 rig Workover business, ...
North America | Friday, September 16, 2016

Range Resources Corporation closes merger with Memorial Resource Development

RANGE RESOURCES CORPORATION 'Range' (NYSE:RRC) and MEMORIAL RESOURCE DEVELOPMENT CORP. (NASDAQ:MRD) today announced the completion of the merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction val ...
North America | Friday, September 16, 2016

S&P Global Platts finalizes acquisition of PIRA Energy Group

S&P Global Platts, the leading independent provider of information and benchmark prices for the commodities and energy markets, has successfully completed its acquisition of PIRA Energy Group, a leader in global energy market analysis. The purchase, which extends S&P Gl ...
North America | Friday, September 16, 2016

Wednesday, September 14, 2016

Patterson-UTI Energy announces agreement to acquire drilling technology company

PATTERSON-UTI ENERGY, INC. (NASDAQ: PTEN) announced today that it has entered into an agreement to acquire Warrior Rig Ltd. and certain related entities. Based in Calgary, Warrior designs, manufactures and services high-spec rig components with a recent focus on top dri ...
North America | Wednesday, September 14, 2016

Investors urged to kick-start domestic oil & gas growth in India

Investors are being urged to back India's plans to ramp up its domestic oil and gas industry. India is a huge net importer of energy to the tune of 3.627 million boe/day in 2015. That is up dramatically on the 3.289 million recorded in 2014, according to Evaluate Energ ...
Asia Far East | Wednesday, September 14, 2016

Canadian Overseas Petroleum acquires interest in OPL 226, Nigeria, via subsidiary

Canadian Overseas Petroleum Limited (XOP: TSX-V) & (COPL: LSE), an international oil and gas exploration and development company focused on offshore West Africa, announces its 50% owned affiliate, Shoreline Canadian Overseas Petroleum Limited, has completed the acquisit ...
Africa | Wednesday, September 14, 2016

Tuesday, September 13, 2016

Lone Pine Resources and Arsenal Energy combine to form Prairie Provident Resources

Lone Pine Resources Canada Ltd. ('Lone Pine') and Arsenal Energy Inc. (TSX: AEI) (OTCQX: AEYIF) are pleased to report the completion of their previously-announced business combination to form Prairie Provident Resources Inc. ('Prairie Provident'). The combination was e ...
North America | Tuesday, September 13, 2016

Thursday, September 8, 2016

More Montney assets hit market in wake of Seven Generations' Cdn$1.9bn deal

Two Canadian producers are seeking to capitalize on the enduring pulling power of the Montney play by putting assets up for sale, according to CanOils' newest report focused on M&A activity in August. RMP Energy Inc. (TSX:RMP) and Chinook Energy Inc. (TSX:CKE) have hea ...
North America | Thursday, September 8, 2016

Tuesday, September 6, 2016

EOG Resources and Yates Petroleum agree to combine in transaction valued at $2.5 billion

EOG Resources, Inc. (NYSE: EOG) (EOG) and Yates Petroleum Corporation today announced definitive agreements under which EOG has agreed to combine with Yates Petroleum Corporation, Abo Petroleum Corporation, MYCO Industries, Inc. and certain other entities (collectively, ...
North America | Tuesday, September 6, 2016

Monday, September 5, 2016

Urals Energy completes acquisition of Arctic Oil Company Limited share capital

Further to the announcement made on 23 August 2016, Urals Energy (AIM:UEN), the independent exploration and production company with operations in Russia, is pleased to confirm that the acquisition of the entire share capital of Arctic Oil Company Limited ('ANK') from JS ...
Russia FSU | Monday, September 5, 2016

Thursday, August 18, 2016

Top 5 upstream M&A deals in Canada in 2016 so far

The opening seven months of 2016 have brought a revival in the Canadian E&P space following an extremely lacklustre end to 2015, when very few deals were agreed in light of an uncertain and inhibitive pricing environment. In CanOils latest monthly review of deals in th ...
North America | Thursday, August 18, 2016

Tuesday, August 16, 2016

Rockhopper Exploration completes acquisition of roduction and exploration assets in Egypt

Rockhopper Exploration plc (AIM: RKH), the oil and gas exploration and production company with key interests in the North Falkland Basin and the Greater Mediterranean region, is pleased to announce that it has completed the acquisition of Beach Petroleum (Egypt) Pty Lim ...
Middle East | Tuesday, August 16, 2016
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