Gulf Keystone Petroleum and ShaMaran Petroleum have agreed to merge in an all-share deal, creating an oil producer valued at over $1 billion with combined production of about 53,000 barrels per day across Kurdistan and Federal Iraq. The merger offers ShaMaran shareholders a 22.9% premium and will see both companies' shareholders owning 50% of the new entity. Gulf Keystone will pay a $50 million special dividend to its investors upon completion. The combined company plans to list primarily on Oslo's main market and aims to leverage synergies from adjacent oil fields to boost development and cost savings. The merger is expected to complete by mid-2027 after shareholder and regulatory approvals.
The Gulf Keystone Petroleum and ShaMaran merger is notable in the oil sector. For readers following Energy stocks, here is Pluang's market snapshot as of Oct 20, 2026 14:01 WIB: out of 79 priced US Energy-sector stocks, 39 rose and 38 fell. SM Energy Company Common Stock traded at USD 38.86 with a 1-day change of -1.62%, and Pluang order activity showed 0% Sell / 100% Buy.
VINCI's subsidiary Cobra IS secured a €165 million contract to construct a cooling plant for a major data center campus in the Iberian Peninsula. The project involves installing mechanical, electrical, and plumbing systems for 126 dry coolers, which ...
VINCI's subsidiary Cobra IS secured a €165 million contract to build the cooling system for a massive data center campus in the Iberian Peninsula. The project includes installing mechanical, electrical, and plumbing equipment for 126 air cooling unit...
Basilea Pharmaceutica announced new clinical and activity data for its antifungal drugs fosmanogepix and isavuconazole, as well as the antibiotic ceftobiprole, to be presented at IDWeek 2026 in Washington D.C. Highlights include pediatric data from f...
Gainsight introduced its AI-native services business, Atlas, which manages over $75 million in annual recurring revenue (ARR) by handling long-tail customer renewals with AI agents and human managers. The company also announced a shift to value-based...
Owl Labs has introduced the Meeting Owl 5, a 4K UHD 360° teleconferencing camera designed for seamless hybrid meetings. It features a 20MP sensor, 360° fisheye lens, AI-powered audio with eight microphones, and an 18-foot voice pickup range. The devi...
