Oil industry jobs, dealmaking expected to rise
Economic clouds have parted since last year, when the U.S. fiscal cliff loomed large over the global economy. Now many in the oil and gas industry see a strong case to buy assets and expand payrolls,...
View ArticleEagle Ford led energy deals in 2013, despite national decline
The Eagle Ford Shale was home to $8.8 billion in upstream oil and gas deals in 2013, the largest value in the country, according to a new PLS report.
View ArticleUS deals rise as Big Oil sheds assets
First-quarter oil and gas deal-making in the U.S. reached its highest level in more than a decade, as Big Oil companies discarded assets to focus on their core operations.
View ArticleSinking oil prices may stifle deals, M&A expert says
With oil prices at their lowest point in years, the rate of mergers and acquisitions is slowing and oil firms are pulling back on international investments.
View ArticleRyan Lance at CERAWeek: Production cuts now could lead to big price swings later
Oil prices may rebound, but volatility is here to stay, ConocoPhillips CEO Ryan Lance predicted Monday.
View ArticleCERAWeek: BP CEO says don’t expect wave of energy mergers yet
BP CEO Bob Dudley says he doubts there will be a surge of corporate consolidation in the energy industry – effectively a repeat of the mega deals in late-1990s bust that created mammoth oil firms –...
View ArticleMidstream transactions drove oil and gas deals in the second quarter
During the second quarter, analysts at PwC tracked 47, $50 million-or-larger oil and gas deals, totaling $38.8 billion.
View ArticleTransocean will reduce fleet to meet tough market
The world's largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.
View ArticleNOV considering acquisitions
After slowing down its M&A machine considerably over the past two years, National Oilwell Varco Inc. is looking at a couple different acquisitions in the billion-dollar range.
View ArticleJustice Department moves to block Halliburton, Baker Hughes merger
The lawsuit is the latest and most serious challenge to the marriage of the two oil field service companies, which was valued at $35 billion when it was announced in late 2014 when prices were...
View ArticleU.S. DOJ Continues its War on Corporate M&A
The U.S. Justice Department today filed an anti-trust lawsuit aimed at preventing oil service company Halliburton Co. from taking over rival Baker Hughes in a deal valued at $34.6 billion. This comes...
View ArticleHouston’s Marathon Oil selling $950 million of assets in latest move for cash
Marathon Oil Corp. secured agreements to sell $950 million of assets in its latest move to raise cash to weather the worst crude market rout in a generation.
View ArticleHalliburton in talks to sell $7 billion in assets, report says
Halliburton and Baker Hughes are in talks to sell $7 billion in assets to private equity shop Carlyle Group LP, according to a report in the Wall Street Journal.
View ArticleRange Resources buys Memorial Resource in $3.3 billion stock deal
Range Resources Corp., a Fort Worth natural-gas producer, agreed to buy Memorial Resource Development Corp. of Houston in a $3.3 billion all-stock deal. Memorial Resource shareholders will get 0.375...
View ArticleTensions rise as Energy Transfer-Williams merger sours
Tensions between William Cos. and its would-be buyer Energy Transfer Equity LP intensified after Williams said it had filed a third lawsuit related to the souring merger. Energy Transfer fired back on...
View ArticleTransCanada closes on Houston’s Columbia Pipeline Group
The deal, which is $13 billion when counting the assumption of debt, makes TransCanada North America's largest natural gas storage company and one of the largest gas pipeline giants. Columbia also...
View ArticleSouthern Co. buying Lamesa solar farm
The Southern Co. is acquiring the 102-megawatt Lamesa Solar farm from RES Americas, which is the U.S. subsidiary of the United Kingdom-based Renewable Energy Systems. The solar farm is being financed...
View ArticleEnergy ‘death list’ proves prescient
Warren also represented another target on a so-called "oil company death list" published in early 2015 by the Baltimore-based Oxford Club investors' network. Out of the list of 19 companies with...
View ArticleMarket Currents: Further signs of life in the oil patch
As financial markets are distracted once more by Federal Reserve Chair Janet Yellen, crude is not immune to this influence, making moves in response to the U.S. dollar’s gyrations (crude up, dollar...
View ArticleAnadarko buying Gulf of Mexico assets for $2 billion
Anadarko Petroleum is planning to snap up offshore property in the Gulf of Mexico for $2 billion in a deal that doubles the company’s foothold in the Lucius deep-water field. The Woodlands-based oil...
View Article
