Acquisition | Egypt Oil & Gas - Part 11

Calgary’s Penn West Sells its Assets Worth $975m

Teine Energy Ltd. Has agreed to purchase all of the oil-producing assets of its fellow Calgary-based firm Penn West Petroleum Ltd for $975m

Nebras Power Seeks to Enter Omani Market with Acquisition

Qatar-based Nebras Power is seeking to expand its investments in Oman and has announced plans to acquire Qatar Electricity and Water Company’s (QEWC) stake in Phoenix Power Company that owns and runs one of the large ...

BG Acquisition Still Good Sense, Despite Low Oil Price, says Shell

Royal Dutch Shell said on Tuesday that its planned acquisition of BG Group still makes financial sense, despite low oil prices, which analysts say are likely to continue for some time.

Rockhopper Exploration Buys Beach Petroleum Egypt

Beach Energy announced the sale of its subsidiary in Egypt "Beach petroleum" to Rockhopper Exploration, reported Oil voice.

Halliburton Faces More Questioning Over Acquisition of Baker Hughes

Oil services giant Halliburton is facing more questioning from the US Justice Department over the potential acquisition of rival Baker Hughes, reported the Houston Chronicle.

Crude Price Drop Boon to EnergyTEK Asset Acquisition

EnergyTEK Corp is developing a distressed energy asset acquisition programme to take advantage of low asset prices following the slide in oil price.

Repsol to Acquire Talisman Energy

Repsol has entered into an agreement to acquire 100% of Canadian oil company Talisman Energy worth US$8.3 billion (EU6.64 billion) plus debt. The transaction has been unanimously approved and recommended by the board ...

Mergers and Acquisitions in Oil and Gas Industry at 10-year High

Mergers and acquisitions (M&A) in the oil and gas industry hit 10-year highs in terms of deal value and volume in 2014, according to PwC US.

EnLink Acquires Permian Basin Crude Operation

A subsidiary of EnLink Midstream Partners LP has agreed to by LPC Crude Oil Marketing LLC, which has crude oil gathering, transportation, and marketing operations in the Permian basin.

Eni enters Kenya with the acquisition of three exploration blocks

Eni announces the signing of three product sharing contracts, awarded by the government of Kenya, for the acquisition of exploration blocks: L-21, L-23 and L-24, thus marking the entry of Eni in the country. The bloc ...

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