Category: Deals

ConocoPhillips closes $1.5 billion sale of upstream Nigerian assets

ConocoPhillips has completed the $1.5 billion sale of its Nigerian upstream business to Lagos, Nigeria-based Oando Energy Resources, the company said Wednesday.  More »

Direct Energy buys residential solar company

Houston-based retail electric provider Direct Energy will buy a residential solar installer for $54 million, the company announced, marking its entrance into the U.S. residential solar market.  More »

Private equity, foreign buyers return to U.S. oil and gas deals

U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.  More »

Chesapeake boosting Wyoming holdings

Chesapeake Energy Corp., the U.S. natural gas producer that almost ran out of money last year, is spending $1.71 billion to expand access to oil-soaked shale in Wyoming and buy back preferred shares that were a drain on cash.  More »

Waste Management to sell waste-to-energy business for $1.9 billion

Waste Management Inc. will sell its waste-to-energy business to a private equity firm for $1.9 billion, the company announced Tuesday.  More »

CP Exploration II gets $150 million credit line

Local private equity firm Post Oak Energy Capital committed a $150 million line of equity to CP Exploration II, a privately-held exploration and production company based in Dallas and Lafayette, La., the companies announced Monday morning.  More »

LA company to acquire Houston upstream partnership in $1.6 B deal

The merger of Houston’s QR Energy and Los Angeles-based Breitburn Energy Partners will create a combined enterprise that the companies say will be the nation’s largest upstream-focused master limited partnership.  More »

Apache attempts to reassure investors about N. American focus

In response to complaints from an activist hedge fund, Houston-based Apache Corp. said it will continue to focus more closely on North American onshore exploration and production.  More »

TETRA’s gas compression arm to make $825M acquisition

A unit of TETRA Technologies said Sunday it will pay $825 million for a West Texas firm that owns one of the largest fleets of natural gas compressors in the nation.  More »

BP likely to be unscratched by Rosneft sanctions, analysts say

Investors wiped out as much as $4.4 billion from BP’s market value Thursday after a new round of U.S. sanctions on Russia was announced, but it’s not clear the sanctions will impact the company at all.  More »

Schlumberger, Precision deal aims to increase drilling efficiencies

A Canadian driller is teaming up with Schlumberger to combine its walking rigs with the oil-field giant’s powerful rotary steering systems and other tools in a bid to literally cut corners in drilling shale reservoirs.  More »

Exterran to buy compressor units from Chesapeake for $135M

Exterran Partners plans to spend $135 million to buy another round of Chesapeake Energy’s midstream compression units, equipment used to push freshly extracted natural gas into pipelines.  More »
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