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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Latest M&A News

    Contract awarded for Johan Sverdrup processing and riser platforms

    Jul 2, 2015

    Statoil, on behalf of the Johan Sverdrup license, has awarded Samsung Heavy Industries the topsides contracts for both the processing and riser platforms. The total contract value is NOK 7 billion.

    Origin gives Wood Group pipeline contract for HBWS gas project in Victoria

    Jul 2, 2015

    Wood Group plc has secured a $1 million contract with Origin Energy to provide detailed design engineering for the onshore pipelines related to the Halladale, Black Watch & Speculant (HBWS) natural gas project in South West Victoria, Australia.

    Hess completes sale, establishes Bakken midstream JV

    Jul 2, 2015

    Hess Corp. has completed the sale of a 50% interest in its Bakken midstream assets to Global Infrastructure Partners for cash consideration of $2.675 billion.

    GasLog Partners closes acquisition of three vessels from GasLog

    Jul 2, 2015

    GasLog Partners LP and GasLog Ltd. have closed the Partnership’s acquisition from GasLog of 100% of the ownership interests in the entities that own and charter the liquefied natural gas (LNG) carriers Methane Alison Victoria, Methane Shirley Elisabeth, and Methane Heather Sally.

    Freudenberg acquires BlueSky Process Solutions

    Jul 2, 2015

    The Freudenberg Oil & Gas Technologies Business Group has acquired the business of BlueSky Process Solutions Ltd., of Stoney Creek, Ontario, Canada, effective June 30. BlueSky is a designer of differentiated seal products, specifically for the upstream oil and gas segment.

    Comstock to divest certain East Texas assets

    Jul 2, 2015

    Comstock Resources Inc. has entered into a definitive purchase and sale agreement with a private company to sell Comstock's oil and gas properties in and around Burleson County, Texas, for a sale price of $115 million.



    FourPoint Energy to acquire Western Anadarko assets from CEX and CHK Cleveland Tonkawa

    Jul 1, 2015

    FourPoint Energy LLC has signed definitive agreements to acquire oil and gas assets from Chesapeake Exploration LLC (CEX) and CHK Cleveland Tonkawa LLC.

    Aethon Energy and RedBird Capital acquire SM Energy’s Ark-LA-Tex assets

    Jul 1, 2015

    Aethon Energy Management LLC, a Dallas, Texas-based private investment firm focused on onshore oil and gas, together with its partner, RedBird Capital Partners LLC, have acquired certain Ark-LA-Tex assets from SM Energy Co. Terms of the transaction were not disclosed.

    Lucas reaches settlement with Victory, completes sale of acreage in Texas

    Jul 1, 2015

    Lucas Energy Inc. has entered into a settlement agreement and mutual release with Victory Energy Corp. In a separate transaction with Earthstone and its affiliate, Oak Valley Resources, Lucas has sold 139.04 net acres of oil and gas properties located in Karnes County, Texas, while retaining the right to participate in future operations for up to 20% of an 8/8ths interest.

    Shandong Offshore International acquires Northern Offshore

    Jun 30, 2015

    China’s Shandong Offshore International Co. Ltd. has acquired Bermuda-based Northern Offshore Ltd., which has offices in Houston. The cash transaction is valued at NOK 1.3 billion ($164.64 million), and is expected to close during the first half of August.

    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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