No jobs affected as Aberdeen’s AGR is bought over by ABL Group
AGR, an engineering firm with offices in Aberdeen, has been acquired by the energy and marine consultancy group, ABL.
acquisition
‘Monumental moment’ for Aberdeen firm as Expro announces acquisition
The New York-listed Expro (NYSE: XPRO) has announced its acquisition of Aberdeen-based well-construction cementing specialists DeltaTek Global.
Chevron sells Myanmar gas assets to Canada’s MTI Energy
Chevron slammed by NGO's for selling its Myanmar assets to Canada's MTI Energy in a deal seen to benefit the military junta.
Petronas buys big Australian solar portfolio for top dollar
Petronas is the latest big oil company to move into Australian renewables, with the Malaysia state-backed energy company reportedly poised to acquire the local assets of German solar and storage developer Wirsol.
Jadestone acquires Thai gas assets from Medco Energi
Southeast Asia-focused Jadestone Energy has signed a deal with Indonesia’s Medco Energi Internasional to acquire stakes in the Sinphuhorm gas field and Dong Mun gas discovery onshore Thailand for $32.5 million.
Criterium makes Southeast Asia upstream debut with $1.6m Indonesia acquisition
Canada’s Criterium Energy has acquired a 42.5% interest in the Bulu production sharing contract (PSC) holding the Lengo gas field offshore Indonesia for $1.6 million. Significantly, the company is seeking more complimentary assets in Southeast Asia.
Pertamina starts negotiations with Shell to buy Masela stake in Indonesia
Indonesia’s state-backed energy company Pertamina has started official negotiations with Shell (LON:SHEL) to acquire the Anglo-Dutch supermajor’s 35% share of the undeveloped Abadi LNG project in the Masela Block offshore Indonesia.
Forrest adds CWP’s energy assets in $2.7bn Australia renewables rush
Billionaire Andrew Forrest agreed to acquire Partners Group Holding AG-backed CWP Renewables Pty for about a A$4 billion ($2.7 billion) valuation, extending a rush of deal-making focused on Australia’s accelerating shift to cleaner energy.
Mubadala sells stakes in three Thai offshore oilfields
Mubadala Energy has agreed to sell three oilfields offshore Thailand to Valeura Energy. The Canadian company claims the acquisition will make it the largest independent operator of oil production in Thailand.
Petronas and ExxonMobil show interest in Shell’s Masela LNG divestment
Malaysia’s Petronas is the latest company tipped to be interested in acquiring a stake in the proposed Abadi liquefied natural gas (LNG) project in the Masela Block offshore Indonesia that is led by Japan’s Inpex (TYO:1605)
THREE60 commits to wind market with acquisition of Orkney-based specialist
THREE60 Energy, of Aberdeen, has cemented its presence in the wind market with the acquisition of an Orkney-based maintenance and services specialist.
Altrad takes on 4,000 workers as it completes acquisition of Doosan Babcock
Altrad has announced it reached a financial close on its agreement to acquire Doosan Babcock.
Jadestone eyes operatorship at Woodside-led NWS Australia oil assets
Analysts reckon Jadestone Energy (LON:JSE) has its sights set on acquiring a bigger share of the producing North West Shelf oil fields offshore Western Australia that are currently operated by Woodside Energy (ASX:WDS). Ultimately, Singapore-based Jadestone will be seeking operatorship to maximise profitability, the analysts told Energy Voice.
Jadestone acquires stake in NWS Australia oil project from BP
Jadestone Energy has announced the acquisition of a 16.67% interest in the producing North West Shelf oil fields offshore Western Australia from BP. The deal is in line with the London-listed company’s strategy of acquiring low-cost barrels at less than US$3/barrel, while establishing an entry position into what it describes as a "very high-quality long-life asset with very low decline rates."
Fitch takes Indonesia’s Medco off rating watch after ConocoPhillips acquisition
Fitch Ratings has removed Medco Energi from rating watch, as the oil and gas company has completed the acquisition of the giant Corridor Block from ConocoPhillips, and the outlook is positive. Its long-term issuer default rating is now at B+.
Valeura Energy buys Thai oil assets from bankrupt KrisEnergy
Canada’s Valeura Energy will buy two operated licences offshore Thailand from Singapore’s KrisEnergy, which was forced into liquidation last year, for a price of $3.1 million. There will also be certain contingent payments of up to a further $7 million related to future development milestones, said Valeura Energy.
Iberdrola buys rights to 1GW wind project in Australia
The Australian subsidiary of Spanish utility Iberdrola has acquired the rights to an up to 1-GW onshore wind project in the Australian state of Queensland. This further expands its operations in the local market as part of a wider green energy expansion strategy.
Enfinity’s $1bn Japan solar acquisition marks largest in five years
US-based Enfinity Global has acquired a $1 billion utility-scale solar photovoltaic (PV) power portfolio in Japan. Significantly, the deal marks the largest renewable energy acquisition in Japan for at least five years in terms of transaction value and power capacity, according to Enerdatics, a research company.
Hibiscus set to triple production now Repsol acquisition complete
Hibiscus Petroleum (KLSE: HIBISCS) has completed its acquisition of Repsol’s upstream assets in Malaysia and Vietnam that will increase the Malaysian-listed company’s oil and gas production almost threefold.
Hibiscus gets Vietnam approvals for Repsol acquisition
Malaysia’s Hibiscus Petroleum has received the joint approval from Petronas and PetroVietnam to take control of Repsol’s interests in the Block PM3 CAA production sharing contract (PSC) and unitisation agreement of the East Bunga Kekwa – Cai Nuoc field under Block 46 PSC.
Japanese oil major buys renewable energy firm for $1.8bn
Japan's biggest refiner, Eneos Holdings (TYO:5020), said yesterday it would buy Japan Renewable Energy (JRE) for about 200 billion yen ($1.8 billion) to expand its low-carbon business. Significantly, the move marks the first major acquisition of a big renewable energy firm by an established Japanese oil wholesaler.
Medco raising cash with eye on ConocoPhillips’ Corridor Block
Medco Energi, an ambitious Indonesian independent oil and gas company, is preparing to raise capital that will help fund acquisitions. Significantly, Medco Energi is reportedly keen to bid for ConocoPhillips’ share of the giant onshore Corridor gas block in Indonesia estimated to be worth more than $1.5 billion.
Jadestone gets Petronas approval for Malaysia acquisition
UK listed Jadestone Energy has satisfied all the conditions necessary, including the approval of Petronas, to complete its acquisition of SapuraOMV’s Peninsular Malaysia assets in a deal worth up to $15 million that will increase the company’s total reserves by more than 30%.
Hibiscus closer to Repsol acquisition in Vietnam and Malaysia
Hibiscus Petroleum has moved a step closer to completing its acquisition of Repsol’s upstream assets in Malaysia and Vietnam after the Spanish company’s project partners waived their pre-emption rights.
i3 Energy shares jump as firm touts maiden dividend payment next month
Shares in London-listed i3 Energy jumped this morning after the firm said its maiden dividend could be paid out next month.