Japan's biggest refiner, Eneos Holdings (TYO:5020), said yesterday it would buy Japan Renewable Energy (JRE) for about 200 billion yen ($1.8 billion) to expand its low-carbon business. Significantly, the move marks the first major acquisition of a big renewable energy firm by an established Japanese oil wholesaler.
Medco Energi, an ambitious Indonesian independent oil and gas company, is preparing to raise capital that will help fund acquisitions. Significantly, Medco Energi is reportedly keen to bid for ConocoPhillips’ share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
UK listed Jadestone Energy has satisfied all the conditions necessary, including the approval of Petronas, to complete its acquisition of SapuraOMV’s Peninsular Malaysia assets in a deal worth up to $15 million that will increase the company’s total reserves by more than 30%.
Hibiscus Petroleum has moved a step closer to completing its acquisition of Repsol’s upstream assets in Malaysia and Vietnam after the Spanish company’s project partners waived their pre-emption rights.
Shares in London-listed i3 Energy jumped this morning after the firm said its maiden dividend could be paid out next month.
Petronas and Hess have agreed amendments to an existing upstream gas sales agreement for fields offshore Malaysia that cements the value of the US-based company’s North Malay Basin assets. This makes any potential divestment process easier as Hess focuses on its prolific acreage offshore Guyana.
UK listed Jadestone Energy is buying SapuraOMV’s Peninsular Malaysia assets in a deal worth up to $15 million that will increase the company’s total reserves by more than 30%.
Renewables and energy consultancy firm Everoze has acquired a 49.9% stake in Irish wind resource assessment company Brightwind.
Premier Oil and Chrysaor have held preliminary talks about a potential deal that would bring together two of the largest UK oil and gas producers, according to people with knowledge of the matter.
Tower Resources has completed the sale of its subsidiary Comet Petroleum Limited.
International energy logistics firm Peterson has acquired a majority stake in Aberdeen-based IT and project management consultancy Core29.
Britain’s leading law firms fear the slide in merger and acquisition (M&A) activity could deal a blow to profits.
Multibillion-dollar oil and gas deals are back on the table.
Shell chief executive Ben Van Beurden spelled out his main goal last week - surpass Exxon Mobil to become the best-performing oil major.
Microsoft has agreed to buy business social network LinkedIn for $26.2 billion.
New World Oil & Gas said it has signed a non-binding letter of intent to acquire the entire issued share capital of Big Sofa Limited and has suspended its shares with immediate effect.
Wood Group (WG) has made a further acquisition this month after snapping up Ingenious.
French oil services company Bourbon will pay $320 million to buy gas transport activities from Jaccar Holdings to take advantage of growth in the gas sector and reduce its dependence on the "very difficult" offshore services market.
EIG Pacific Holdings has terminated its offers to acquire Canada's Pacific Exploration & Production after the tender offer expired.
North Sea and Asia-Pacific subsea inspection specialists Pmac (Process Monitoring and Control) have added topside inspection services to their growing portfolio with the acquisition of Oilfield Corrosion Monitoring Services (OCMS) for an undisclosed sum.
North Energy said Norwegian authorities have approved the transaction and completion of its acquisition of Explora Petroleum.
Suncor said it has acquired 72.9% of Canadian Oil Sands shares.
US firm Aspen Technology has snapped up UK oil and gas software company KBC in a £158million deal.
Schlumberger is set to acquire Fluid Inclusion Technologies (FIT) in another acquisition deal for the company. The US-based oil and gas service specialises in laboratory analysis of trapped fluids in rock material and advanced borehole gas analysis on drilling wells.
Aberdeen-based Rigfit Offshore (UK), the specialist accommodation outfitting arm of Global Energy Group can now press ahead and expand into the Middle East as a result of taking over Seven Seas International. The deal to acquire manufacturing facilities in Dubai and Bahrain for an undisclosed sum significantly enhances the Rigfit offering and adds to its existing operations in Sharjah, UAE. Moreover, it fits precisely with Global Energy’s strategy of creating a family of hubs around the world to drive internationalisation of the Scottish group.