Cooper Industries to be sold for $11.8 billion
Cooper Industries, a manufacturer of lighting and electrical-distribution equipment that has been run out of Houston for 47 years, will be acquired by Ohio-based Eaton Corp. in a cash-and-stock deal valued at nearly $12 billion, the companies announced Monday. More »
French oil-services company Technip acquires Shaw Group assets for $300 million
Technip plans to buy Shaw Group’s energy and chemicals business for roughly $300 million, it announced today. More »
Icahn holds about 80% of CVR Energy, as full board control
Billionaire Carl Icahn has acquired about 80 percent of oil refiner CVR Energy Inc. following a $2.6 billion tender offer and has taken full control of the company’s board. More »
Chesapeake turns to Jefferies’ Eads in $28 billion deals
When Chesapeake Energy Corp. Chief Executive Officer Aubrey McClendon went on an oil and natural gas buying spree, Ralph Eads was the banker who found the money to fund it. More »
Paulson says he likes CVR Energy as Icahn may resell it
John Paulson, the billionaire hedge- fund manager seeking to reverse record losses in 2011, said he likes CVR Energy Inc. (CVI) because the company may be successfully resold by Carl Icahn, who controls the majority of shares. More »
Gulf Keystone sues blogger for internet posts about share sale
Gulf Keystone Petroleum Ltd. (GKP), which is exploring for oil and natural gas in Kurdistan, sued a man over comments on Internet message boards and Twitter that the company planned to sell shares. More »
Concho Resources buys $1 billion energy assets from Three Rivers
Concho Resources Inc., a U.S. oil and natural gas developer, agreed to buy all of closely held Three Rivers Operating Co.’s oil and gas assets for $1 billion in cash to expand its operations in Texas. More »
Argentina’s YPF seizure jeopardizes Vaca Muerta funds, IEA says
Argentina’s seizure of YPF SA (YPFD), the country’s biggest oil producer, may deter investment in the Vaca Muerta field that contains more than 20 billion barrels of oil equivalent, the International Energy Agency said. More »
Enbridge CEO to tap Canadian oil-sands support for gateway pipe
Enbridge Inc. (ENB) Chief Executive Officer Pat Daniel is counting on Canadians’ support for ending the nation’s reliance on U.S. markets to boost the company’s chances of building its proposed Northern Gateway pipeline. More »
Marathon expands in Eagle Ford with Paloma acquisition
Marathon Oil announced plans today to buy Houston-based Paloma Partners II LCC for $750 million in cash. More »
Occidental unit to buy ex-naval station in Texas
A unit of oil producer Occidental Petroleum Corp. has reached an $82 million deal to buy the South Texas site of former Naval Station Ingleside. More »
ConocoPhillips seeking a buyer for its Nigerian assets
ConocoPhillips (COP), the largest U.S. independent oil and natural-gas producer, is seeking a buyer for its Nigerian properties in a sale that may fetch $1 billion. More »
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