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.
acquisition
Hess’ latest pact with Petronas lays foundation for potential Malaysia exit
Petronas and Hess have agreed amendments to an existing upstream gas sales agreement for fields offshore Malaysia that cements the value of the US-based company’s North Malay Basin assets. This makes any potential divestment process easier as Hess focuses on its prolific acreage offshore Guyana.
Jadestone buys maiden Malaysia assets
UK listed Jadestone Energy is buying 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%.
Renewables consultancy firm Everoze acquires 49.9% stake in Irish company Brightwind
Renewables and energy consultancy firm Everoze has acquired a 49.9% stake in Irish wind resource assessment company Brightwind.
Premier Oil in early talks on deal with Chrysaor
Premier Oil and Chrysaor have held preliminary talks about a potential deal that would bring together two of the largest UK oil and gas producers, according to people with knowledge of the matter.
Tower Resources completes acquisition of Comet Petroleum
Tower Resources has completed the sale of its subsidiary Comet Petroleum Limited.
Peterson acquires Aberdeen company Core29
International energy logistics firm Peterson has acquired a majority stake in Aberdeen-based IT and project management consultancy Core29.
Slowdown in mergers and acquisitions ‘may hit profits at law firms’
Britain’s leading law firms fear the slide in merger and acquisition (M&A) activity could deal a blow to profits.
Oil M&A is back as industry focus shifts from survival to growth
Multibillion-dollar oil and gas deals are back on the table.
Shell faces long haul to knock Exxon from top spot
Shell chief executive Ben Van Beurden spelled out his main goal last week - surpass Exxon Mobil to become the best-performing oil major.
Microsoft buys LinkedIn for $26.2billion
Microsoft has agreed to buy business social network LinkedIn for $26.2 billion.
New World Oil & Gas suspends shares in acquisition bid
New World Oil & Gas said it has signed a non-binding letter of intent to acquire the entire issued share capital of Big Sofa Limited and has suspended its shares with immediate effect.
Wood Group confirms second acquisition this week
Wood Group (WG) has made a further acquisition this month after snapping up Ingenious.
Bourbon acquires Greenship fleet as part of $320million deal
French oil services company Bourbon will pay $320 million to buy gas transport activities from Jaccar Holdings to take advantage of growth in the gas sector and reduce its dependence on the "very difficult" offshore services market.
Pacific Holdings ends tender offer
EIG Pacific Holdings has terminated its offers to acquire Canada's Pacific Exploration & Production after the tender offer expired.
PMAC on top with strategic acquisition.
North Sea and Asia-Pacific subsea inspection specialists Pmac (Process Monitoring and Control) have added topside inspection services to their growing portfolio with the acquisition of Oilfield Corrosion Monitoring Services (OCMS) for an undisclosed sum.
North Energy acquisition approved by Norwegian authorities
North Energy said Norwegian authorities have approved the transaction and completion of its acquisition of Explora Petroleum.
Suncor acquires 72.9% of Canadian Oil Sands shares
Suncor said it has acquired 72.9% of Canadian Oil Sands shares.
AspenTech buys KBC in £158million deal
US firm Aspen Technology has snapped up UK oil and gas software company KBC in a £158million deal.
Schlumberger acquires Fluid Inclusion Technologies
Schlumberger is set to acquire Fluid Inclusion Technologies (FIT) in another acquisition deal for the company. The US-based oil and gas service specialises in laboratory analysis of trapped fluids in rock material and advanced borehole gas analysis on drilling wells.
Acquisition by Global Energy reinforces Middle East push
Aberdeen-based Rigfit Offshore (UK), the specialist accommodation outfitting arm of Global Energy Group can now press ahead and expand into the Middle East as a result of taking over Seven Seas International. The deal to acquire manufacturing facilities in Dubai and Bahrain for an undisclosed sum significantly enhances the Rigfit offering and adds to its existing operations in Sharjah, UAE. Moreover, it fits precisely with Global Energy’s strategy of creating a family of hubs around the world to drive internationalisation of the Scottish group.
Halliburton, Baker Hughes to sell additional businesses
Halliburton and Baker Hughes will sell additional businesses in connection with the former's pending acquisition of its smaller rival. In November last year Halliburton announced its proposed acquisition but in recent month it has run into regulatory hurdles with US antitrust enforces who believe the merger will lead to higher prices and less innovation. Halliburton said in April that it would sell three of its drilling businesses and on Monday said it had received proposals from multiple interested parties for each business.