Tullow Oil, Capricorn Energy agree to merge in all-share combination
Tullow Oil and Capricorn Energy PLC have agreed to merge in an all-share combination, Tullow Oil said in a June 1 announcement. The combine would result in a diversified pan-African upstream portfolio underpinned by low-cost producing assets, with a deep portfolio of incremental high-return investment opportunities in Ghana, Egypt, Gabon, and Côte d’Ivoire, Tullow said. […]
Wintershall Dea takes new step forward, becomes joint-stock company
Wintershall Dea, Europe’s leading independent gas and oil company, has converted its legal form from a limited liability company (Gesellschaft mit beschränkter Haftung – GmbH) to a joint-stock company (Aktiengesellschaft – AG), under the company name Wintershall Dea AG. This happens as another long-planned step agreed by our shareholders at the time of the merger. The […]
AAPG and SPE Explore Merger To Create New Organization
Combination of the two would create the energy professionals’ organization for the future. The American Association of Petroleum Geologists (AAPG) and the Society of Petroleum Engineers (SPE) announce an exploration of the benefits and opportunities of a merger creating the energy professionals’ organization for the future. With unanimous consent from the AAPG Executive Committee and […]
Hart Energy: ExxonMobil, Chevron CEOs reportedly discussed a merger last year
If true, the combination of Exxon Mobil and Chevron would form the world’s second largest oil company by market cap and production, second in both measures to Saudi Aramco. The CEOs of Exxon Mobil Corp. and Chevron Corp. spoke last year about combining the two U.S.-based oil giants, the Wall Street Journal reported Jan. 31 […]
S&P Global & IHS Markit to merge in all stock transaction, valuing IHS Markit at $44 bn
S&P Global and IHS Markit to Merge in All-Stock Transaction Valuing IHS Markit at $44 Billion, Powering the Markets of the Future Joins Two World-Class Organizations with Unique, Highly Complementary Assets to Enhance Customer Value Proposition Combined Company to Benefit from Increased Scale and Mix Across Core Markets with Attractive Growth Adjacencies Expected to be […]
Noble Energy shareholders approve merger with Chevron in $13 billion deal
Noble Energy has announced that shareholders of the Company approved the pending merger with Chevron and all other proposals related to the Merger at Noble Energy’s Special Meeting of Shareholders held October 2. Noble Energy anticipates providing final vote results for the Special Meeting, as certified by the independent Inspector of Election, on a Form […]
Successful first year for Wintershall Dea: a European champion for gas and oil
CEO: Merger came at exactly the right time Wintershall Dea is a leader in production costs Successful integration creates potential Wintershall Dea is celebrating its first anniversary. Wintershall Holding GmbH, based in Kassel, and DEA Deutsche Erdoel AG, based in Hamburg, merged on 1 May 2019 with the goal of becoming Europe’s leading independent natural […]
Exclusive Interview with Mario Mehren, CEO of Wintershall Dea
It’s one year since Wintershall Dea was formed through a merger. What’s the outlook for the new company? The merger has formed a single forward looking company: Wintershall Dea, Europe’s leading gas and oil company. We are fit for the future. Our business is weighted towards gas, so we are ready for the global energy […]
Wintershall Dea committed to Egypt, investment led to production boost
Recent merger of Wintershall and DEA formed Europe’s leading independent gas and oil company. Investments in the company’s Egyptian oil and gas business lead to production boost. In early 2018, Wintershall Dea announced the start of an extensive work program in all own-operated Egyptian assets. The company is currently investing more than 500 Million US-Dollars […]
Wintershall Dea plans to invest $800 million in Egypt during 2019, 2020
Germany’s Wintershall Dea aims to invest $800 million in Egypt until 2020, the North African nation’s minister of petroleum and mineral resources Tarek El-Molla said. This move reflects the most populous Arab nation’s improved investment climate on the back of economic reforms, El-Molla added in in a statement on Monday. Moreover, Egypt’s arrears to foreign […]