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  • MERGERS & ACQUISITIONS

    SECTIONS: DEAL MONITOR | CORPORATE MERGERS | JVS

    Mergers & Acquisitions Deal Monitor News

    JV awarded contract for LNG liquefaction and export facility

    Mar 27, 2015

    A joint venture between CB&I, Chiyoda International Corp., and Zachry Industrial Inc. has been awarded a contract valued in excess of $2 billion by FLNG Liquefaction 3 LLC (Freeport LNG) for the engineering, procurement and construction of the third train of the three-train natural gas liquefaction and export facility on Quintana Island, near Freeport, Texas.

    BlackRock, First Reserve to acquire equity stakes in Pemex pipeline projects

    Mar 27, 2015

    BlackRock and First Reserve have entered into a definitive agreement with PMI, a wholly owned subsidiary of Petróleos Mexicanos (Pemex), to acquire approximately 45% equity interest in two natural gas pipelines, Los Ramones Phase II North and Los Ramones Phase II South.

    Chevron to sell interest in Caltex Australia

    Mar 27, 2015

    Chevron Corp.’s wholly owned subsidiary Chevron Global Energy Inc. has entered into an underwriting agreement for the sale of its 50% shareholding in Caltex Australia Ltd. 

    SPDC completes sale of OML 29 and NCTL in Nigeria

    Mar 26, 2015

    The Shell Petroleum Development Co. of Nigeria Ltd. (SPDC), a subsidiary of Royal Dutch Shell plc, has completed the assignment of its interest in oil mining lease (OML) 29 and the Nembe Creek Trunk Line (OML 29 and NCTL) and related facilities in the Eastern Niger Delta.

    Cue to farm in for stake in Sumatra's Mahato PSC

    Mar 26, 2015

    Cue Energy Resources Ltd. has received government approval for the farm-in agreement with Bukit Energy Central Sumatra (Mahato) Pte. Ltd. to acquire a 12.5% participating interest in the Mahato production sharing contract onshore Central Sumatra, Indonesia.

    Quorum acquires Fielding Systems

    Mar 25, 2015

    Quorum Business Solutions Inc., a provider of business information technology solutions for the energy industry, has completed the acquisition of Fielding Systems LLC.

    Chevron signs PSC for Block A5 in Rakhine Basin offshore Myanmar

    Mar 25, 2015

    Chevron Corp.’s subsidiary, Unocal Myanmar Offshore Co. Ltd., has entered into a production sharing contract with Myanma Oil & Gas Enterprise, the national oil and gas company, to explore for oil and gas in the Rakhine Basin.

    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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