Category: Deals

Russian oligarch owns big stakes in Dresser-Rand, potential Swiss buyer

Dresser-Rand Group and its potential Swiss industrial buyer have at least one thing in common: An ultra-rich Russian metallurgy and energy tycoon with ties to Moscow.  More »

Dresser-Rand talking to possible buyers

Dresser-Rand Group is in merger talks with at least one foreign industrial company, a potential suitor has confirmed, as talk that the Houston oil field equipment maker may sell pump its stock price.  More »

Canadian bank takings bid on Apache assets in Alberta

The Bank of Nova Scotia is taking bids for Apache Corp. assets in Alberta, according to marketing materials on its website, in what could signal the latest divestment effort by the Houston-based exploration and production company.  More »

Foster Wheeler: Changes not coming next year

Global engineering conglomerate Foster Wheeler told employees that changes to the company’s structure associated with its acquisition by AMEC won’t take place until next year.  More »

Nabors’ biggest investor sells stake amid rising profits

The largest shareholder of Nabors Industries hawked its 8.5 percent stake Thursday even as the Houston driller appears to have crested over a long lull in profits.  More »

Halliburton reaches $1.1 billion Gulf spill settlement

Halliburton said Tuesday it reached a $1.1 billion settlement with a majority of plaintiffs who sued the Houston oil field service company in the wake of the 2010 Gulf of Mexico oil spill.  More »

Houston crude-by-rail company files for $150 million IPO

Houston rail terminal operator USD Partners told regulators Friday it plans to make a $150 million Wall Street debut later this year as U.S. oil companies turn to trains to transport crude.  More »

Energy Transfer Partners completes $1.8 billion Susser deal

Dallas-based pipeline company Energy Transfer Partners completed a deal to acquire Corpus Christi’s Susser Holdings Corp. in a transaction that will ultimately bring the Stripes and Sunoco convenience stores under the same umbrella, the companies announced Friday.  More »

Calpine to sell Florida facility to Duke Energy

Calpine Corp. has agreed to sell a Florida power plant to Duke Energy, but the companies have not yet finalized the terms of the deal, a Calpine spokesman said.  More »

Calpine buys Massachusetts power plant for $530 million

Calpine Corp. announced today that it purchase a power plant near Boston from Exelon Corp. for $530 million in a deal that Calpine officials say will help the company expand its footprint in a key region.  More »

BP puts San Juan Basin gas wells on auction block

BP is trying to hawk thousands of aging natural gas wells in New Mexico as it trims some assets before the launch of its U.S. oil and gas business.  More »

Dynegy to acquire power assets for $6.25 billion

Two years after emerging from bankruptcy protection, Houston’s Dynegy Inc. is planning to pay $6.25 billion to nearly double its coal and gas-fired generating capacity in two separate deals for Midwestern and Northeastern power plants.  More »
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