Oil M&A is back as industry focus shifts from survival to growth
Multibillion-dollar oil and gas deals are back on the table.
merger
Blackstone, Apollo size up distressed oil deals that banks shun
The long wait may finally be over.
ExxonMobil launches a $2.5bn bidding war for InterOil
Exxon Mobil Corp. is doubling down on Papua New Guinea, topping a rival offer for InterOil Corp., a gas explorer focused on the Southeast Asian nation.
Palamon Capital Partners strikes deal for Eneas Group
Palamon Capital Partners said it has agreed the sale of Eneas Group to Norvestor.
Restrata merges with Stirling Group
Restrata today confirmed its takeover of the Stirling Group.
Technip says no plans to stop London HQ after Brexit
French oil services company Technip said there was no reason for Britain's exit from the European Union to impact its merger with FMC Technologies - including plans for London to be the legal headquarters of the new group.
Technip and FMC complete agreement as merger progresses
Technip and FMC Technologies have executed a Business Combination Agreement (BCA) regarding their proposed merger announced on May 19, 2016 with the firms hailing it as a major milestone in their merger process.
Updated: Technip FMC lack of “overlap” should mean no repeat of Halli-Baker call off
Analysts are confident Technip and FMC Technologies will do what larger oil service and equipment providers Halliburton and Baker Hughes ouldn’t - close a merger during the market downturn.
Updated: Technip and FMC Technologies confirm mega-merger
Technip and FMC Technologies today revealed the two firms would merge to create TechnipFMC - a new company with an equity value of $13billion.
Centrica in failed North Sea merger
Centrica's bid to merge its North Sea operations with a rival firm fell down just weeks before its fundraising bid, it is understood.
Shell starts jobs consultation with Australian employees
Oil major Shell said it has begun discussions with staff in Australia about job losses as part of plans to cut 10,000 roles globally.
Sunny Hill £6.4m offer for Petroceltic comes to end
A potential takeover by Sunny Hill for Petroceltic has come to a close after the timing for acceptance on the £6.4million bid lapsed.
Norwegian Investment Bank predicts oil industry deals to surge
Deal-making in the oil industry is about to jump.
Halliburton Baker deal deadline suspended as EU seeks more info
The European Union has suspended the deadline for its review of Halliburton’s acquisition of Baker Hughes as regulators said the companies failed to supply “important information.”
Shell BG deal will ‘shape more competitive company’
Royal Dutch Shell has hailed its 52.6 billion US dollar (£36.4 billion) takeover of BG Group as a step towards becoming a “simpler, leaner, more competitive company”. The mega-deal - creating the biggest trader of liquefied natural gas - came into force on Monday after shareholders waved through the tie-up at the end of January.
Shell needs to repay investors who backed its biggest ever wager
Royal Dutch Shell Plc is under pressure to reward the faith of the more than 80 percent of shareholders who shrugged off the risks from slumping oil prices to back its record acquisition of BG Group Plc.
Shell’s BG arbitrage fades as investors set to back deal
Royal Dutch Shell Plc is on the brink of completing its biggest acquisition as shareholders look set to back its purchase of BG Group Plc. Risks to the deal completing have almost disappeared. The discount of BG’s shares to the offer price narrowed to a record low of 2.2 percent on Monday after some of Shell’s top shareholders and advisory firms backed the transaction this month. It was at 12.5 percent on Dec. 21.
Falkland duo takes on new Rockhopper roles
Rockhopper Exploration's merger with Falkland Oil and Gas has led to former Falkand chief executive Tim Bushell and chairman John Martin appointed non executive directors.
Shell boss says BG deal is “sensible risk to take”
Shell boss Ben van Beurden is optimistic that shareholders will overwhelmingly back its mega-merger with rival BG Group as investors mull the final case put out by both oil giants later this week.
Poland considers merger move for trio of oil companies
Poland is said to be considering mergers between its three biggest state-run oil and gas companies. A number of options are being considered by the government as to what shape the move would take.
Suncor Energy extends offer for Canadian Oil Sands
Suncor Energy said it has extended an offer for Canadian Oil Sands until the end of January.
Shell’s bid for BG backed by ISS
Oil major Shell’s bid for BG Group has been approve by the ISS (Institutional Shareholder Services). The positive move comes after the company had sought to alleviate shareholder concerns over whether its takeover was still viable at sub $50 oil. ISS, a proxy advisory body, has backed the deal which it said had a “compelling strategic rationale” in the current climate.
Oil M&A could pick up as further pain forces producers to sell
Oil and gas producers should see an increase in deals this year as cheap crude prices and limited funding options force debt-saddled energy companies to sell assets, according to consultant IHS.
Petroceltic considers future, launches offer period
Petroceltic said it was considering a number of options for the company’s future including the sale of some or all of its assets. The board said options being considered include a farm-out or sale of one or more the company’s existing assets, a merger with a third part, or the sale of its entire issued share capital in the form of debt or subscription of new ordinary shares.
Shell, BG close in on merger, set to publish scheme document
Industry giants Shell and BG are zeroing in on their mega-merger.