Repsol Energy / Talisman Energy – $13bn
The global entity created as a result of the transaction will focus on developing Talisman‘s undeveloped resources concentrated in deepwater Gulf of Mexico, the North Slope of Alaska, Kansas and Oklahoma as well as offshore Canada.
Siemens / Dresser-Rand – $7.6bn
Oil and gas equipment supplier Dresser-Rand was taken over by German conglomerate Siemens for $7.6bn following the European Union Commission’s approval of the deal in June. Goldman Sachs Group, Deutsche Bank and Lazard were advisers to Siemens on the deal.
Siemens will continue Dresser-Rand’s established brands and create a new unit within the former’s Power and Gas Division that will focus on oil and gas. Siemens aims to offer a comprehensive range of compressor solutions, turbines and engines through the acquisition.
LetterOne / Upstream Arm of RWE – $7.1bn
International investment group LetterOne took over RWE‘s oil and natural gas arm DEA for $7.1bn in March, the first significant investment by the group in Germany.
RWE’s assets in UK, Germany and North Sea include 12 producing oil and gas fields, all of which are now owned by LetterOne.
Williams Partners / Access Midstream Partners – $5.995bn
Williams Partners’ acquisition of Access Midstream for $5.995bn was announced in June 2014 after the company agreed to a purchase of 50% general partner interest and 55.1m limited partner units. The deal was closed in February 2015.
The acquisition will help William Partners, which has offshore gathering and processing assets in the Gulf of Mexico, to grow its natural gas pipelines, gathering and processing, and natural gas liquids and petrochemical services.
Noble Energy / Rosetta Resources – $3.9bn
Noble Energy intends to gain a footing in shale through the acquisition and will now have a resource potential of approximately one billion barrels of oil-equivalent.
Amec / Foster Wheeler- $3.3bn
Amec acquired Foster Wheeler in a $3.3bn deal that was first announced in 2014 and completed in January 2015 with Bank of America Merrill Lynch acting as financial adviser to Amec. According to the terms of the deal, the transaction amount is payable approximately 50% in cash and 50% in Amec securities.
Amec expects to strengthen its oil and gas business through the acquisition, while maintaining its low-risk business model. Amec’s operations are primarily focused on the offshore upstream market, while Foster Wheeler caters mainly to the onshore, mid and downstream markets.
Woodside Petroleum / Apache Julimar- $2.75bn
Woodside Petroleum completed a $2.75bn acquisition of Apache‘s Australian subsidiary Apache Julimar in April. The two sides entered an agreement in December 2014 that also includes an expected closing adjustment of approximately $1bn.
The acquisition gives Woodside a 13% interest in the Wheatstone LNG project, a 65% interest in the WA-49-L block that includes the Julimar/Brunello offshore gas fields and the Balnaves oil development, as well as a 50% interest in Kitimat LNG project. The Kitimat LNG project also includes approximately 320,000 net acres in the Horn River and Liard natural gas basins in British Columbia basins in Canada.
GE Capital Aviation / Milestone Aviation- $1.78bn
Milestone Aviation Group was acquired by GE Capital Aviation in a $1.78bn deal in January. Agreements for acquiring the Dublin-based lessor were signed in October 2014. The terms of the transaction also include the assumption or payoff of Milestone‘s existing debt.
Milestone Aviation provides helicopter services to a number of industries including offshore oil and gas. GE intends to grow and strengthen its energy, aviation, oil & gas segment through the acquisition.
Hanwha Group / Samsung General Chemicals – $1.4bn
Hanwha group is seeking new opportunities in oil and gas sector through acquisitions and plans to gain a strong foothold in its key areas. Its offshore activities are primarily focussed in Qatar and Gulf of Mexico.
Hutchison Group / Husky Energy- $1.4bn
The Hutchison Group acquired 61.4 million shares representing 6.24% of Husky Energy‘s issued share capital in a $1.4bn deal in June 2015. The stake was bought from L.F. Investments, which is indirectly owned by the Li family that held 35.57% of Husky shares prior to the acquisition. Li family’s stake in Husky has reduced to 29.33% following the acquisition.
Husky Energy is one of the biggest integrated energy companies in Canada with notable offshore assets that include Liwan Gas Project, a working interest in Wenchang oil field and planned field developments offshore Indonesia.