Deals/mergers

Victory secures Lucas Energy in business combination

Submitted by Paddy Harris on Thu, 2015-02-05 13:24

05th February 2015

Victory Energy Corporation and Lucas Energy have executed a Letter of Intent and Term Sheet for a proposed business combination between the two companies

Eco Atlantic gets green light for Namibia farm-out

Submitted by Paddy Harris on Thu, 2015-02-05 10:10

05th February 2015

Eco Atlantic gets green light for Namibia farm-out

Eco (Atlantic) Oil & Gas has announced that its wholly-owned subsidiary, Eco Oil and Gas (Namibia) (Pty) Limited, has received all regulatory approvals from the Ministry of Mines and Energy of Namibia and has completed the transaction pursuant to the Amended and Restated Farmout Agreement with AziNam Limited, amending and restating the terms of the farm-out agreement dated April 12, 2012, among the parties

Africa focussed players targeted in consolidation drive

Submitted by Paddy Harris on Wed, 2015-02-04 17:15

04th February 2015

Afren and Tullow Oil are both involved in possible takeover deals as oil market trends make frontier Africa-focussed exploration companies attractive to buyers

Empyrean Energy buyer search scuppered by oil price

Submitted by Paddy Harris on Wed, 2015-02-04 16:12

04th February 2015

Empyrean Energy has terminates its formal sale process (FSP) initiated in July, after recent market upheavals prevented it from finding a suitable buyer

Seven Group takes chunk out of Beach Energy

Submitted by Paddy Harris on Wed, 2015-02-04 15:26

04th February 2015

Australia’s Seven Group Holdings purchase of 13.79 per cent in compatriot Beach Energy Limited has fuelled speculation over a possible takeover

Chevron buys in to Mauritania offshore blocks

Submitted by Paddy Harris on Wed, 2015-02-04 14:54

04th February 2015

Chevron Corporation has announced that its wholly-owned subsidiary Chevron Mauritania Exploration Limited has reached an agreement to acquire a 30 per cent non-operated working interest in Blocks C8, C12 and C13 offshore Mauritania from Kosmos Energy

Oceaneering expands subsea tech offering with USD 230m C&C acquisition

Submitted by Paddy Harris on Wed, 2015-02-04 10:08

04th February 2015

Oceaneering International has entered into a definitive agreement to acquire C&C Technologies, Inc. (C&C), a privately-held global provider of survey services, for approximately USD 230m in cash

Forum Energy acquires J-Mac Tool

Submitted by Paddy Harris on Wed, 2015-02-04 09:57

04th February 2015

$Forum Energy Technologies has acquired J-Mac Tool, Inc. (J-Mac) to boost hydraulic fracturing offering$

Forum Energy Technologies has acquired J-Mac Tool, Inc. (J-Mac) to boost hydraulic fracturing offering

Tullow up on Shell takeover rumour

Submitted by Paddy Harris on Tue, 2015-02-03 15:14

03rd February 2015

Following a recent slide in its share price, Tullow Oil has seen its share value rise almost 10 per cent on Monday following rumours of a possible takeover by the supermajor Royal Dutch Shell on Friday

Xinjiang Zhundong given more time for Galaz acquisition onshore Kazkhstan

Submitted by Paddy Harris on Mon, 2015-02-02 09:45

02nd February 2015

A consortium led by Xinjiang Zhundong Petroleum Technology has been given more time to prepare its bid for the Galaz Contract area in Kazakhstan, according to Roxi Petroleum