Corporate Mergers & Acquisitions

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Norwegian Tycoon Fredriksen Will Merge Tanker Companies

Frontline 2012 was spun off from Frontline three years ago and has since divested its dry-bulk and gas fleet to focus on crude oil and product tankers, Reuters said.

Thu, 07/02/2015 - 09:56
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Exmar Deal Creates $2 Billion LNG Company

Exmar will transfer its assets to Flex LNG in return for 323.7 million new shares in the company, giving it a 64.6% stake, London-based Flex LNG said in a statement July 1. 

Wed, 07/01/2015 - 09:16
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FTC Gives Shell-BG Group Deal Approval

Shell’s acquisition of BG, scheduled to close in early 2016, requires further regulatory reviews from several foreign agencies, but the FTC ruling might serve as a model for further regulatory reviews.

Wed, 06/17/2015 - 16:37
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Canamax Enters Strategic Combination With Powder Mountain

Powder, based in Calgary, Alberta, has a 100% working interest in 5.75 sections in its core Hardy Bakken area in southeast Saskatchewan with current area production of about 100 bbl/d of light Bakken oil.

Mon, 06/15/2015 - 10:04
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ENOC Buys Dragon Oil For $2.6 Billion

While focused mostly on Turkmenistan, Dragon is working to expand outside Central Asia in a bid to raise oil production to 100,000 barrels a day (bbl/d) by next year from almost 79,000 bbl/d in 2014. 

Mon, 06/15/2015 - 08:51
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Trinidad Drilling, CanElson Drilling Will Combine

Contract drilling fleets of Trinidad Drilling Ltd. and CanElson Drilling Inc. will combine after the companies combine under court-approved plan. The combined Canadian company will have 163 land drilling rigs.

Thu, 06/11/2015 - 14:55
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PEDEVCO Acquires Dome Energy’s U.S. Assets Through Merger

The business combination will allow PEDEVCO to pay off senior debt, lower capital costs with a 3.75% bank credit facility and support drilling capital and a stock buyback. 

Fri, 05/29/2015 - 15:44
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Crescent Point Will Buy Calgary's Legacy Oil + Gas

Crescent Point Energy Corp. will buy Legacy Oil & Gas Inc. for CA$563 million (US$453 million) in shares, Bloomberg said. Crescent will gain about 22,000 barrels of oil equivalent daily. 

Wed, 05/27/2015 - 10:21
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Verisk Analytics Closes Wood Mackenzie Acquisition

Data analytics provider Verisk Analytics Inc. completed its acquisition of industry research firm Wood Mackenzie Ltd. The purchase price was 1.85 billion British pounds, about US$2.8 billion.

Wed, 05/20/2015 - 16:48
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Lucas, Victory Terminate LOI For Merger

Anthony C. Schnur, CEO of Lucas, said the company is reexamining transactions abandoned after oil prices fell, or abandoned after the Feb. 4 announcement of the merger with Victory.

Mon, 05/18/2015 - 10:09
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Service Companies Might Turn To Mergers In Second-Half 2015

Services companies have taken the hardest hit in industry from the oil price drop, Bloomberg said. Companies with weaker balance sheets might need to consider mergers to survive.  

Fri, 05/15/2015 - 12:19
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Argan Buys Ireland's Atlantic Projects Company

With offices in Hong Kong, Singapore and New York, the acquisition of APC will expand Argan’s operations internationally.

Emily Moser
Tue, 05/12/2015 - 10:28

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