Acquisitions and Mergers Latest News


Western Gas Partners acquires Anadarko's 50% interest in Delaware Basin JV gathering system

Western Gas Partners, LP (NYSE: WES) today announced that it has acquired Anadarko's 50% interest in the Delaware Basin JV gathering system. The Partnership paid no consideration at closing, but agreed to make a future payment on March 31, 2020 equal to eight times the ...
North America | Wednesday, March 4, 2015

Monday, March 2, 2015

Ophir Energy completes acquisition of Salamander Energy

Ophir Energy (LSE: OPHR) announces that the Scheme has now become effective and the entire issued ordinary share capital of Salamander is owned by Ophir. Scheme Shareholders on the register at the Scheme Record Time, being 6.00 p.m. on 27 February 2015 will receive 0.5 ...
West Europe | Monday, March 2, 2015

€5.1 billion sale of RWE Dea completed

The LetterOne Group and RWE AG today completed RWE's sale of RWE Dea AG to LetterOne. In January, both parties had announced their plans to complete the transaction at the beginning of this month. The agreed enterprise value is approximately €5.1 billion based on c ...
West Europe | Monday, March 2, 2015

Wednesday, February 25, 2015

Legend Oil and Gas to acquire Maxxon Energy in equity purchase

Legend Oil and Gas ltd (LOGL) is pleased to announce that it has entered into a nonbinding letter of intent (LOI) with Black Diamond Energy Holdings, LLC (dba Maxxon Energy and related companies- together Maxxon), to purchase 100% of its limited liability company member ...
North America | Wednesday, February 25, 2015

General Maritime Corporation and Navig8 Crude Tankers combine to create world-class provider of international seaborne oil transportation services

General Maritime Corporation and Navig8 Crude Tankers Inc. (N-OTC: BLUE) today announced that they have entered into a definitive agreement to create Gener8 Maritime Inc., a world-class provider of international seaborne oil transportation services. Gener8 Maritime wil ...
North America | Wednesday, February 25, 2015

Pacific Energy Development enters into three major agreements, positions company for long term growth

Pacific Energy Development (NYSE MKT: PED), an energy company engaged in the acquisition and development of strategic, high-growth energy projects in the United States, today announced entry into three major agreements that strengthens the Company for long-term success ...
North America | Wednesday, February 25, 2015

Monday, February 23, 2015

Kelt Exploration enters agreement for acquisition of Artek Exploration

Kelt Exploration Ltd. (TSX: KEL) has entered into an agreement with Artek Exploration Ltd., pursuant to which Kelt will acquire all of the issued and outstanding common shares of Artek on the basis of 0.34 of a Kelt common share for each Artek common share. The acquisit ...
North America | Monday, February 23, 2015

Thursday, February 19, 2015

Talisman Energy receives shareholder approval for acquisition by Repsol

Talisman Energy Inc. (TSX:TLM) (NYSE:TLM) announced today that the holders of its Common Shares and Preferred Shares have approved the proposed arrangement under which Repsol S.A., through a wholly-owned subsidiary, is to acquire all of the outstanding shares of Talisma ...
North America | Thursday, February 19, 2015

Wednesday, February 18, 2015

Dragon Oil clarify media reports

The Board of Dragon Oil plc ('Dragon Oil') announced on 1 December 2014 that it no longer intended to make an offer for Petroceltic and accordingly, as a result of that announcement, was bound by the restrictions set out in Rule 2.8 of the Irish Takeover Rules. Dragon ...
West Europe | Wednesday, February 18, 2015

Tuesday, February 17, 2015

Cardinal Energy and Virginia Hills Oil Corp. to acquire interests of Pinecrest Energy

Cardinal Energy Ltd. (TSX:CJ) announces that it will acquire all of the issued and outstanding common shares of Pinecrest Energy Inc. after Pinecrest transfers certain assets and liabilities into a newly formed publicly listed company. Assets retained in Pinecrest to be ...
North America | Tuesday, February 17, 2015

Monday, February 16, 2015

Kea Petroleum announces strategic update, including potential acquisition or merger

Kea Petroleum plc (AIM: KEA), the oil and gas company focused on New Zealand, announces that it is launching a review of the strategic options open to the Company with the intention of considering all opportunities for maximising value for shareholders. Accordingly, the ...
Australasia | Monday, February 16, 2015

Friday, February 13, 2015

Afren terminates discussions with SEPLAT

On 22 December 2014, Afren plc announced that it had received a highly preliminary approach from SEPLAT Petroleum Development Company plc regarding a possible combination with Afren. In accordance with Rule 2.6(a) of the UK Takeover Code, and further to Afren's announc ...
West Europe | Friday, February 13, 2015

Oil price, Victoria Oil&Gas, Sundry-Ruspetro-Afren, and finally...

Oil price More fun and games for the oil bulls after taking their feet off the pedals for the last couple of days. Brent celebrates the new contract by being over $60 this morning, as I write it is actually $61.23 buoyed by export shortages from the Middle East primari ...
West Europe | Friday, February 13, 2015

Wednesday, February 11, 2015

Petrogrand signs a Letter of Intent regarding an acquisition in Russia

On Tuesday the 10th of February, Petrogrand AB (publ) signed a Letter of Intent (LOI) regarding the acquisition of 49 percent of the shares and votes in Ripiano Holding Ltd, a Cyprus holding company with an oil producing subsidiary in Russia. The purchase price amounts ...
Russia FSU | Wednesday, February 11, 2015

Tuesday, February 10, 2015

J.H. Blades acquires energy rival Burke-Daniels

J.H. Blades & Co., Inc., the leading US upstream oil and gas energy Managing General Agent (MGA), has bought rival wholesale broker Burke-Daniels Co. Inc. Terms of the deal were not disclosed. Part of Cooper Gay Swett & Crawford (CGSC), one of the world's largest i ...
North America | Tuesday, February 10, 2015

Thursday, February 5, 2015

Hawker Energy completes acquisition of TEG Oil & Gas USA

Hawker Energy, Inc. (OTCQB: HWKR) announces it closed its previously-announced acquisition of 100% of the shares of TEG Oil & Gas U.S.A., Inc. from Sefton Resources, Inc. (LON: SER). TEG owns the Tapia Canyon and Eureka oil fields in California, as further described bel ...
North America | Thursday, February 5, 2015
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