Deals/mergers

BP to sell Alaska business to Hilcorp

Submitted by Mark Venables on Thu, 2019-08-29 22:42

29th August 2019

BP has announced that it has agreed to sell its entire business in Alaska to Hilcorp Alaska, based in Anchorage, Alaska.

TechnipFMC to create two independent companies

Submitted by Mark Venables on Thu, 2019-08-29 22:34

29th August 2019

TechnipFMC to create two independent companies

TechnipFMC has announced its board of directors has unanimously approved its plan to separate into two industry-leading, independent, publicly traded companies.

Total agrees with Occidental to acquisition of Anadarko's assets in Africa

Submitted by Mark Venables on Thu, 2019-05-23 06:58

23rd May 2019

Total has announced that it has reached a binding agreement with Occidental to acquire Anadarko’s assets in Africa (Algeria, Ghana, Mozambique, South Africa) for a consideration of $8.8 billion in the event of a successful completion of Occidental’s ongoing bid for Anadarko.

Saudi Aramco signs share purchase agreement to acquire majority stake in Sabic

Submitted by Mark Venables on Thu, 2019-03-28 09:07

28th March 2019

Saudi Aramco signs share purchase agreement to acquire 70% majority stake in SABIC

Sabic announced that Saudi Aramco signed today a share purchase agreement to acquire a 70% majority stake in Sabic from the Public Investment Fund of Saudi Arabia in a private transaction.

Shell completes sale of stake in Thailand’s Bongkot field to PTTEP

Submitted by Mark Venables on Sat, 2018-07-14 09:28

14th July 2018

Shell has announced today that its affiliates, Shell Integrated Gas Thailand and Thai Energy Company, have completed the sale of their 22.2222% interest in the Bongkot field and adjoining acreage offshore Thailand to PTT Exploration & Production Public Company Limited (PTTEP) and PTTEP International Limited, a wholly-owned subsidiary of PTTEP, for a transaction value of $750 million.

Shell completes sale of its stake in Iraq’s West Gurna 1 oil field to Itochu

Submitted by Mark Venables on Thu, 2018-04-05 08:48

05th April 2018

Shell EP Middle East Holdings has completed the sale of the entire share capital of Shell Iraq (SIBV), which held its 19.6% stake in the West Qurna 1 oil field, for $406 million, to a subsidiary of ITOCHU Corporation.