Acquisitions and Mergers Latest News

Friday, April 29, 2016

Neos to acquire the Multi-Physics business from CGG for an undisclosed sum

Neos today announced an agreement with CGG SA (CGG:PAR,ADR:NYSE:CGG) to acquire its Multi-Physics business group, its General Geophysics Italy group and its data libraries for an undisclosed sum. This acquisition will be transformational for Neos. As a result of the tr ...
North America | Friday, April 29, 2016

Suncor Energy to acquire additional interest in Syncrude

Suncor today announced that it has agreed to acquire a further position in Syncrude, purchasing the five per cent interest from Murphy Oil Corporation's Canadian subsidiary at a purchase price of approximately $937 million, subject to closing adjustments. The transactio ...
North America | Friday, April 29, 2016

Monday, April 25, 2016

Southern Kentucky Energy completes acquisition of Natural Gas Operations

Southern Kentucky Energy, LLC (SOKY Energy) announced today that it has completed the purchase of natural gas gathering and transmission pipelines in South Central Kentucky from Atmos Gathering Company, LLC of Houston, TX. SOKY Energy has also acquired over 100 producin ...
North America | Monday, April 25, 2016

Tuesday, April 19, 2016

Cdn$347 Million of E&P Deals in Canada in March 2016

Analysis in CanOils' new report 'Upstream Oil & Gas M&A in Canada Reaches Cdn$347 Million in March 2016' shows that while March 2016 saw the lowest monthly deal value for domestic Canadian E&P assets since mid-2015, there was a distinct increase in M&A activity involvin ...
North America | Tuesday, April 19, 2016

Friday, April 15, 2016

Worldview takeover offer of Petroceltic lapses

On 24 March 2016, Sunny Hill Limited, a company wholly owned by the Worldview Economic Recovery Fund, made an all cash offer to acquire the entire issued and to be issued share capital of Petroceltic International plc, other than the Petroceltic Shares in the beneficial ...
West Europe | Friday, April 15, 2016

Tuesday, April 12, 2016

Private Companies Dominate U.S. Upstream M&A in Q1 2016

New analysis in Evaluate Energy's M&A Review for Q1 2016 shows that privately held companies had a huge impact on the United States' upstream oil and gas industry in recent months. While the biggest deal in the U.S. involved two public companies - Dominion Resources Inc ...
North America | Tuesday, April 12, 2016

Friday, April 8, 2016

Vitol completes acquisition of 15% of Hascol Petroleum Limited

Further to the announcement of 26th February and the receipt of the relevant regulatory approvals, Vitol Dubai Limited, part of the Vitol Group, has completed the acquisition of shares equivalent to 15% of Hascol Petroleum Limited's share capital for a total sum of circ ...
Middle East | Friday, April 8, 2016

Wood Group acquires Ingenious Inc

Wood Group has acquired Ingenious Inc., a supplier of proprietary software and consulting services to the global chemical, oil & gas, and energy industries, from its executive leadership team. The acquisition provides a strong manufacturing operations management (MOM) ...
West Europe | Friday, April 8, 2016

Wednesday, April 6, 2016

Halliburton and Baker Hughes to contest Justice Department action

Halliburton Company (NYSE:HAL) and Baker Hughes Incorporated (NYSE:BHI) today announced that the companies intend to vigorously contest the U.S. Department of Justice's (DOJ) effort to block their pending merger. The companies believe that the DOJ has reached the wrong ...
North America | Wednesday, April 6, 2016

Tuesday, April 5, 2016

Wood Group acquires SVT Engineering Consultants

Wood Group boosts vibration, dynamics and noise engineering service with SVT Engineering Consultants acquisition Wood Group has acquired SVT Engineering Consultants (SVT) based in Australia. This acquisition marks a significant step for Wood Group in providing a global ...
Australasia | Tuesday, April 5, 2016

Monday, April 4, 2016

Schlumberger and Cameron complete merger

Schlumberger Limited (NYSE:SLB) announced today that it has closed its merger with Cameron International Corporation. As previously announced, each Cameron stockholder is entitled to receive 0.716 shares of Schlumberger common stock and $14.44 in cash, in exchange for e ...
North America | Monday, April 4, 2016

FluidOil completes acquisition of Ivanhoe Energy

FluidOil Limited, a provider of oil upgrading technology solutions, has completed the acquisition of the intellectual property of Vancouver, Canada-based Ivanhoe Energy Inc. as well as the acquistion of its Texas, USA-based subsidiary Ivanhoe Energy Holdings Inc. Ivanh ...
West Europe | Monday, April 4, 2016

Friday, April 1, 2016

Cadogan Petroleum decides not to pursue Ascent Resources acquisition

Further to its announcement on 29 March 2016, Cadogan Petroleum notes the recent appreciation in the share price of Ascent Resources, which as at the close of business yesterday was at a 658% premium to the closing share price of 0.93 pence on 23 March 2016, being the b ...
West Europe | Friday, April 1, 2016

Tuesday, March 29, 2016

Schlumberger-Cameron merger set to close April 1st following Chinese Ministry of Commerce clearance

Schlumberger Limited (NYSE: SLB) and Cameron International Corporation (NYSE: CAM) jointly announced today that Chinese Ministry of Commerce (MOFCOM) has cleared their proposed merger without any conditions. MOFCOM approval represents the last major closing condition to ...
Asia Far East | Tuesday, March 29, 2016

Cadogan Petroleum releases statement regarding possible combination with Ascent Resources

Cadogan Petroleum plc notes the announcement by Ascent Resources plc dated 24 March 2016 and confirms that it has made a highly preliminary approach regarding a possible combination with Ascent. There can be no certainty that an offer will be made or as to the terms of ...
West Europe | Tuesday, March 29, 2016

Thursday, March 24, 2016

Ascent Resources announces approach by Cadogan Petroleum in response to share price movement

The Board of Ascent notes the recent rise in the Company's share price and announces that it has received a preliminary approach from Cadogan Petroleum plc ('Cadogan') that may or may not lead to an offer being made for the entire issued and to be issued share capital o ...
North America | Thursday, March 24, 2016
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