NSTA guidance aims to speed North Sea deals
The North Sea Transition Authority (NSTA) has published new guidance designed to smooth and accelerate merger and acquisition (M&A) deals between companies operating in the North Sea.
mergers and acquisitions
North Sea operator Harbour Energy completes buyout of German rival Wintershall DEA
North Sea operator Harbour Energy has completed the acquisition of German rival Wintershall DEA in a deal worth $11.2 billion (£8.53bn).
Oil and gas – not in favour but still in demand as M&A spreads
A wave of oil and gas ‘megamergers’ across the pond could be coming our way, as Europe’s supermajors – focused in recent years on a tilt to investment in renewables and ESG concerns – look to fill their future reserves through large acquisitions.
Aberdeen’s KCA Deutag acquired by US firm in $2bn deal
Aberdeen-headquartered drilling services KCA Deutag is set to be acquired by American competitor Helmerich & Payne (H&P) in a deal worth nearly $2 billion.
John Hess personally calls investors to support Chevron deal before vote
John Hess, the boss of the oil company that bears his family name, is talking to directly with shareholders in a last-ditch effort to ensure enough support for a $53 billion takeover by Chevron Corp. (NYSE:CVX), according to people familiar with the matter.
SLB announces $7.8 billion stock deal for smaller rival ChampionX
American oilfield services giant SLB (NYSE:SLB) has announced a deal worth approximately $7.75 billion in stock to buy smaller rival ChampionX (NYSE:CHX).
Hess flags possible delay for Chevron deal as Exxon steps in
Hess Corp. (NYSE:HES) signaled its $53 billion agreement to be bought by Chevron Corp. may be delayed after Exxon Mobil Corp. filed for arbitration over the deal to preserve its rights to a massive oil discovery off Guyana.
Harbour Energy ‘confident’ on completing Wintershall DEA deal despite German headwinds
Harbour Energy executives remain confident the company's planned takeover of Wintershall Dea will get approval from German authorities.
Husband snooping on wife’s BP M&A work gets insider trading charge
A Texas man made almost $2 million by illegally trading on his wife’s conversations with her BP Plc (LON:BP) colleagues, according to the US Securities and Exchange Commission in its latest case about couples eavesdropping while working from home.
Australian oil and gas majors Santos and Woodside confirm £40bn merger talks
Australian oil and gas giants Santos (ASX: STO) and Woodside Energy (ASX: WDS) have confirmed ongoing discussions on a A$80 billion (£40bn) potential merger.
Chevron to buy Hess for $53 Billion in latest oil megadeal
Chevron Corp. (NYSE: CVX) agreed to buy Hess Corp. (NYSE: HES) for $53 billion, the latest major US oil takeover as the industry bets on an enduring future for fossil fuels.
Exxon in talks to buy shale driller Pioneer Natural in what could be 2023’s biggest deal
Exxon Mobil Corp. is in talks to acquire Pioneer Natural Resources Co., according to a person familiar with the matter, nearing its largest takeover in more than two decades as the energy giant seeks to become the dominant US producer of shale oil.
More than 100 Angus workers move to new firm after Baker Hughes sale
The oil and gas company has stressed it remains committed to Montrose despite the move, which it said was taken after an “extensive review”.
Aberdeen’s PD&MS acquired by RSK Group in ‘landmark moment’
Aberdeen’s PD&MS, an engineering services company, has announced that it has been acquired by RSK Group for an undisclosed sum.
Harbour Energy in merger talks with the Gulf of Mexico’s Talos Energy
Following its announcement that it would scale back UK spending, Harbour Energy (LON: HBR) has been reported to be in merger talks with the US Talos Energy (NYSE: TALO).
After taking on 6,000 people last year, Altrad looks to hire more
After a year of major mergers and acquisitions, engineering firm Altrad is looking to expand further in the coming months, says UK boss Paudie Somers.
Report: Eni exploring £5bn deal for North Sea firm Neptune Energy
Preliminary talks have kicked off with an oil and gas supermajor on a deal for North Sea producer Neptune Energy, according to reports.
Updated: Serica advises investors to hold fire as Andrew Austin’s Kistos unveils merger proposal
Serica Energy (LON: SQZ) has knocked back a proposed merger by North Sea counterpart Kistos Energy (LON: KIST).
Eco drops JHI deal over lock-up differences
Eco Atlantic Oil & Gas has dropped its plans to acquire JHI Associates, which has a 17.5% stake in a Guyana block.
Taking the temperature: ESG investing in the energy industry
Global energy companies are shifting to ESG investing; but what are the drivers to decarbonise and the innovative approaches being deployed? In this new series, Mike Scott takes the temperature of the industry’s response to date, as well as the challenges ahead that this shift will present.
Neptune Energy considering merger with rival Harbour Energy
Neptune Energy, the private equity-backed explorer, is considering options including a merger with Harbour Energy that could create one of Europe’s largest independent oil and gas companies, people familiar with the matter said.
Cambo could be ‘huge spanner in the works’ for North Sea investment appetite
The cacophony around Cambo could throw a “huge spanner” into the works with regards to investment appetite in the North Sea, an industry expert has said.
Malaysia’s DNeX eyes more North Sea M&A as Ping deal nears finishing line
Malaysian IT and energy sector service provider Dagang Nexchange (DNeX) is closing in on a deal to increase its stake in North Sea minnow Ping Petroleum to 90%.
Gneiss Energy celebrates five-year anniversary with conclusion of 10th transaction of 2021
Gneiss Energy (“Gneiss”) celebrates its five-year anniversary hot off the heels of announcing its 10th transaction of 2021, representing a productive start to 2021 for the advisory firm across all of its sector teams.
Pinsent Masons appoints prolific dealmaker to top oil and gas role
Law firm Pinsent Masons has appointed renowned dealmaker Rosalie Chadwick as its new global head of oil and gas.