Deals/mergers

Kongsberg acquires underwater chemical sensors specialist Contros

Submitted by Editorial staff on 27th March 2015

27th March 2015

Kongsberg Maritime has acquired the remaining 90 per cent of the shares of the Germany based underwater chemical sensors specialist Contros Systems & Solutions GmbH

Genel issues USD 230m-worth of bonds to finance Kurdistan operations

Submitted by Editorial staff on 26th March 2015

26th March 2015

Genel Energy has priced an issue of USD 230m in senior unsecured bonds due 14 May 2019 on the same commercial terms as the existing GENEL01 PRO USD 500m bond

Shell signs off USD 1.7bn Nigeria onshore asset divestment

Submitted by Editorial staff on 25th March 2015

25th March 2015

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell plc (Shell), has completed the assignment of its interest in oil mining lease (OML) 29 and the Nembe Creek Trunk Line (OML29 and NCTL) and related facilities in the Eastern Niger Delta

Linn and Quantum Energy form USD 1bn strategic acquisition alliance

Submitted by Editorial staff on 25th March 2015

25th March 2015

Linn Energy, LLC and LinnCo, LLC has announced that LINN has signed a non-binding letter of intent with private capital investor Quantum Energy Partners to fund selected future oil and natural gas acquisitions and development on those acquired assets ("QL Energy I, LLC" or "AcqCo")

Getech set to acquire ERCL to boost block scale evaluation offering and target NOC market

Submitted by Paddy Harris on 24th March 2015

24th March 2015

Getech has announced the execution of an agreement to acquire the entire issued share capital of ERCL Limited, an upstream oil and gas consultancy

Maxim Resources lands UAE acreage with Quest equity deal

Submitted by Editorial staff on 23rd March 2015

23rd March 2015

Maxim Resources has entered into a non-binding Heads of Agreement (HOA) dated effective March 20, 2015 with Dubai-based Quest Investments LLC (QI) and its wholly owned subsidiary Quest Oil & Gas Ventures Inc.

Shell wraps up USD 737m Nigeria asset sale

Submitted by Paddy Harris on 20th March 2015

20th March 2015

The Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, has completed the assignment of its 30 per cent interest in oil mining lease (OML) 18 and related facilities in the Eastern Niger Delta

ENOC makes takeover bid for Dragon Oil

Submitted by Editorial staff on 17th March 2015

17th March 2015

Dragon Oil has been made an undisclosed offer for its entire share capital by Emirates Nation Oil Company (ENOC)

Dragon Oil has been made an undisclosed offer for its entire share capital by fellow Dubai-based Emirates Nation Oil Company (ENOC)

Bowleven receives initial USD 165m cash payment from Lukoil and NewAge for Etinde farm-out

Submitted by Paddy Harris on 17th March 2015

17th March 2015

Bowleven has announced the completion of the Etinde farm-out transaction and confirmed receipt of the initial USD 165m cash proceeds

Bowleven has announced the completion of the Etinde farm-out transaction in Cameroon and confirmed receipt of the initial USD 165m cash proceeds

SpeedCast buys Hermes Datacommunications to boost oil and gas network services offering

Submitted by Editorial staff on 16th March 2015

16th March 2015

SpeedCast International Limited has signed a definitive agreement for the acquisition of Hermes Datacommunications International Ltd, a leading global provider of managed network services for the upstream oil and gas industry