Mergers & Acquisitions

Ophir Energy Rejects Medco's $437 Million Takeover Offer

Ophir Energy rejected Indonesian oil and gas group Medco Energi's potential takeover offer, saying it "undervalues" the British oil and gas company.

Jan 14 2019 - 7:25am

Medco Energi Could Offer Roughly $436 Million For Britain's Ophir

Medco said shareholders of Ophir, an upstream oil and gas exploration and production company focused on Asia and Africa, would receive 48.5 pence in cash for each Ophir share.

Jan 11 2019 - 7:40am

DNO Raises Faroe Petroleum Bid To $816 Million

Norwegian oil company DNO raised its bid for Britain's Faroe Petroleum after its hostile bid in November as inadequate and "opportunistic."

Jan 8 2019 - 3:45pm

Canyon Capital Advisors Warns It Will Oppose Rowan Sale To Ensco

Canyon Capital Advisors has warned it would vote against the sale of Rowan to rival Ensco, casting doubt on a combination that had signaled optimism about the future of offshore exploration.

Jan 7 2019 - 2:35pm

QEP Resources Receives $2 Billion Takeover Offer From Elliott Management

Activist investor Elliott Management offered to buy oil and gas producer QEP Resources in an all-cash deal valued at $2.07 billion, saying that the company is "deeply undervalued."

Jan 7 2019 - 7:45am

DNO Adds To Faroe Petroleum Stake In Hostile Takeover Saga

DNO's combined ownership and bid acceptances now stands at 43.8%, up from about 43% but still short of a controlling stake in British independent oil and gas company Faroe Petroleum.

Jan 4 2019 - 7:30am

Frozen Out: M&A In The Ice Age

Publicly held E&Ps are settling in for a long cold spell, lest they be burned. Forego deals for fear of shareholder reprisal? Or press ahead despite market backlash?

Jan 3 2019 - 10:00am

DNO Requires Fewer Faroe Shareholders To Back Takeover Bid

DNO had previously required the backing of 57.5% of Faroe shareholders for the takeover offer, but that fell to 50% after DNO lifted its stake in the U.K. company slightly on Jan. 3.

Jan 3 2019 - 8:25am

Medco Energi's Potential Deal With Ophir Seen As Diversification Play

Medco confirmed this week that it was in talks with Ophir about a possible cash offer for the oil and gas exploration and production company currently based in Britain.

Jan 3 2019 - 7:35am

Year Of Consolidation Highlights 2018 Oil And Gas Deal Making

Overall, 2018 was the Year of Consolidation as several E&Ps agreed to merge throughout the U.S., including inside and outside the prolific Permian Basin.

Dec 28 2018 - 7:00am