Latest M&A News

    Total sells North Sea midstream assets for £585M

    Aug 28, 2015

    Total has signed an agreement to sell all of its interests in the Frigg UK (FUKA) pipeline, the Shetland Island Regional Gas Export (SIRGE) system, and the St. Fergus gas terminal to North Sea Midstream Partners for £585 million ($905 million).

    Tap signs production sharing contract for Myanmar block

    Aug 27, 2015

    Tap Oil Ltd. has formalized its entry into Myanmar following the signing of a production sharing contract for the shallow-water Block M-7 in Myanmar’s offshore Moattama Basin.


    Schlumberger to acquire Cameron in transformational $14.8B deal

    Aug 26, 2015

    Oilfield services giant Schlumberger Ltd. (NYSE: SLB) has reached a definitive merger agreement with Cameron (NYSE: CAM) in which the companies will combine in a stock and cash transaction to create the industry’s first “pore-to-pipeline” company offering complete integration between downhole and surface technologies. On a pro forma basis, the combined company had 2014 revenues of $59 billion.

    RSP Permian completes bolt-on Midland Basin acquisitions and increases borrowing base

    Aug 26, 2015

    RSP Permian Inc. has closed its bolt-on acquisitions in the company's existing core operating areas in the Midland Basin for an aggregate purchase price of $274 million in cash. 

    Petronas takes over Shell's interest in MLNG Dua in Sarawak

    Aug 21, 2015

    Petroliam Nasional Berhad has concluded the handover of 50% equity owned by Sarawak Shell Berhad to Petronas Carigali Sdn Bhd.

    Sinopec buys Lukoil’s Kazakh oil assets for $1.09B

    Aug 21, 2015

    China Petroleum & Chemical Corp. (Sinopec) has purchased a 50% stake in a Kazakh oil producer from Lukoil for $1.09 billion, according to Bloomberg. With the purchase of Caspian Investments Resources Ltd. from Lukoil, Sinopec gains control of a venture with stakes in five oil and gas fields.  

    Armour signs $100M LOI to farm out stake to AEP

    Aug 20, 2015

    Armour Energy Ltd. has executed a non‐binding letter of intent with American Energy – Acquisitions LLC, an affiliate of American Energy Partners LP (AEP), whereby AEP and Armour will jointly further the exploration and development of Armour’s oil and gas McArthur Basin project in the Northern Territory of Australia.

    CNOOC signs PSCs with ROC

    Aug 19, 2015

    CNOOC Ltd.’s parent company, China National Offshore Oil Corp., has signed two production sharing contracts with Roc Oil (China) Co. for blocks 16/07 and 03/33 in the South China Sea.

    KPMG adds Ewing energy practice team

    Aug 19, 2015

    KPMG LLP's wholly owned subsidiary, KPMG Corporate Finance LLC has added a team of professionals from Ewing Bemiss & Co., a middle-market boutique investment bank that provides transaction advisory services to companies in the energy, power, and utilities sectors.

    Monthly Update

    US upstream deal markets are showing further signs of recovery, driven by continuing Utica and MLP consolidation and strong deal flow by a number of companies in the Arkoma Basin. Click here for more.

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