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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    Sabine and Forest Oil complete all-stock business combination

    Dec 18, 2014

    Sabine Oil & Gas LLC and Forest Oil Corp. have closed their all-stock business combination on a revised basis. The combined entity intends to change its name to Sabine Oil & Gas Corp., and will be headquartered in Houston, Texas.

     

    FMC awarded $268 million contract for Agbami Phase 3 project offshore Nigeria

    Dec 18, 2014

    FMC Technologies Inc. has received an order from Star Deep Water Petroleum Ltd. (a Chevron company), operator of the Agbami field, to provide subsea equipment for operations in the Agbami field, offshore Nigeria.

    Woodside delays Browse FLNG development

    Dec 17, 2014

    Woodside Petroleum Ltd., as operator of the Browse FLNG development, advises that a revised schedule into front-end engineering and design (FEED) entry has been agreed by the Browse joint venture.

    Petrox shareholders approve proposed amalgamation

    Dec 17, 2014

    Petrox Resources Corp. reports that its shareholders have approved the proposed amalgamation transaction with Shanghai Sinooil Energy Holding Corp.

    Turnbridge Capital Partners acquires Cimarron Energy

    Dec 17, 2014

    Energy-focused private equity firm Turnbridge Capital Partners has acquired Cimarron Energy Inc. from Curtiss-Wright Corp. (NYSE: CW).

    Oil price downturn hits upstream M&A markets; Halliburton surprises with offer for Baker Hughes

    Dec 17, 2014

    PLS reports that upstream deal markets slowed significantly during the period from October 17 to November 16 both in the US and internationally as oil prices fell to a four-year low in the mid-$70s.

    WadeCo Specialties acquires Select Chemicals

    Dec 17, 2014

    WadeCo Specialties Inc., a specialty chemical provider focused on production chemicals and services for the oil and gas industry, has acquired Select Chemicals Ltd. WadeCo is a portfolio company of Hastings Equity Partners, a private equity firm focused on investing in lower, middle-market energy services and equipment businesses.

    INDUSTRY BRIEFS

    Dec 17, 2014

    ENERGY PLAYERS

    Dec 17, 2014

    Summit Utica to develop NG gathering system for XTO Energy

    Dec 16, 2014

    Summit Midstream Partners LLC, a privately held company that owns and controls the general partner of Summit Midstream Partners LP (SMLP) and also owns a 49.5% limited partner interest in SMLP, has reached an agreement with XTO Energy Inc. to develop and operate a new natural gas gathering system servicing XTO's natural gas production from Belmont and Monroe counties in southeastern Ohio. 

    Monthly Update

    Q3 2014 global deal activity lost the gains made the previous quarter, dropping 32% to $39.2 billion from $57.6 billion in Q2. Canadian dealmaking fell 45% to $5.0 billion after running strong throughout H1, and international activity slumped 72% to $6.5 billion. However, US dealmaking jumped 9% to $27.7 billion, largely driven by two shale corporate takeovers, the $7.0 billion Encana/Athlon Permian deal in September (more on that below) and the $6.0 billion Whiting/Kodiak Bakken deal in July.

    Read the latest article covering Q3 2014

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