Latest M&A News

BP contracts with Baku Shipyard and Expro for Shah Deniz Stage 2 project

Apr 24, 2014

BP has contracted with Baku Shipyard LLC and Expro for projects related to Shah Deniz Stage 2 in the South Caspian Sea.

WestSide prepares for Meridian gas field expansion

Apr 24, 2014

WestSide Corp. Ltd. reports that, as operator of the Meridian gas fields near Moura in Queensland’s southern Bowen Basin in Australia,  the first phase of the field’s expansion is on track to start within a month, when drilling begins on the first well of a six-well program.

Global Partners signs pipeline connection agreement

Apr 24, 2014

Global Partners LP reports that Basin Transload LLC, its 60% owned subsidiary, has executed a pipeline connection agreement with Tesoro High Plains Pipeline Co. LLC, a subsidiary of Tesoro Logistics LP, whereby Tesoro Logistics will build, own, and operate a new 4.1-mile pipeline lateral from its Dunn Center Station to Basin Transload’s facility in Beulah, North Dakota.

Ferus NGF acquires Encana’s share in Alberta LNG plant

Apr 24, 2014

Ferus Natural Gas Fuels Inc., which provides liquefied natural gas (LNG) and compressed natural gas (CNG) fueling solutions, has purchased Encana Corp.’s 50% interest in a new 190,000-liter-per-day LNG production facility in Elmworth, Alberta, Canada.

PTTEP acquires Hess subsidiaries in Thailand

Apr 23, 2014

PTTEP Offshore Investment Co. Ltd. and PTTEP International Ltd. have signed share purchase agreements to acquire 100% equity stakes of the subsidiaries of Hess Corp. in Thailand, namely Hess Thailand Holdings II Ltd. and Hess Exploration Thailand Co. Ltd.

BP sells interests in Alaska North Slope assets

Apr 23, 2014

BP has agreed to sell interests in four BP-operated oil fields on the North Slope of Alaska to Hilcorp.

Magnum Hunter sells remaining Canadian assets

Apr 23, 2014

Magnum Hunter Resources Corp. has executed a definitive agreement with a Canadian private company to sell 100% of its ownership interest in the company's Canadian subsidiary, whose assets consist of oil and gas properties in the Tableland field in Saskatchewan.


Technip agrees to sell its majority share in Seamec

Apr 23, 2014

Technip has entered into binding agreement for the divestment of a majority stake of at least 51% up to 75% in Seamec Ltd. to HAL Offshore Ltd., India, at a consideration of Rs 97 per share (translating to €20 million for 51% stake and up to 29 million for 75% stake).

TexCom sells MBES assets

Apr 23, 2014

TexCom Inc., an environmental services company serving the oil and gas industry, has sold substantially all of the assets of MB Environmental Services LLC (MBES) for $15.8 million.

MVC Capital invests in Inland Environmental & Remediation

Apr 23, 2014

MVC Capital Inc. is investing $15 million in Inland Environmental & Remediation LP. MVC will provide a $15 million senior secured note to Inland in order to fund the development of new facilities throughout the US oil and gas shale formations.

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Monthly Update

In the largest transaction from January 17 to February 16, Calgary-based Baytex Energy Corp. announced a $2.3 billion deal with Australian-listed Aurora Oil & Gas to capture a prized Eagle Ford position. On the conventional side, Occidental's $1.4 billion sale of its famous Kansas Hugoton field demonstrates the shifting nature of Big Oil's portfolios toward unconventional oil growth areas while some companies continue to buy long-lived gas.

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