Original byline: Jim Blecha/

Vanguard Natural Resources scoops up smaller Houston rival for $474 million

The most recent deal comes on the heels of Vanguard’s announcement in April that it will acquire LRR Energy LP for more than $250 million.
The shadows of  workers in the Permian Basin on February 5, 2015 in Mentone, Texas. (Photo by Spencer Platt/Getty Images)

Lenders give Sabine Oil & Gas more time

Sabine Oil & Gas says its lenders have agreed not to force a debt default Thursday while they continue to discuss the company’s options to fix its balance sheet.
UAE, Dubai, ENOC filling station at Ibn Battuta gate (Getty Images)

Emirates National Oil proposes bid for rest of Dragon Oil

ENOC, owner of 53 percent of Dragon, said it intends to offer 735 pence a share, a premium of 44 percent from March 13, the day before talks were initially disclosed. It plans to meet with Dragon Oil’s shareholders to discuss the proposal.
Tony Sanchez, chief executive officer for Sanchez Energy Corp. (Eddie Seal/Bloomberg)

Sanchez Oil & Gas makes MLP and executive moves

The Houston-based, exploration and production family of companies began entering the master limited partnership space after acquiring much of Houston-based Constellation Energy Partners LLC. Constellation last year was changed into Sanchez Production Partners, or SPP. But then, in March, the company became a limited partnership in the MLP structure.
BHP Chief Executive Officer Andrew Mackenzie speaks during a news conference in Sydney, Australia. (Ian Waldie/Bloomberg)

BHP lowers priority of Australian LNG project with Exxon

A plunge in oil has forced companies from Royal Dutch Shell Plc to Chevron Corp. to cut or delay spending on projects that supply super-cooled gas linked to the price of crude.
(AP Photo/Mark Lennihan, File)

Morgan Stanley selling oil storage and transport business

NEW YORK — Morgan Stanley is selling its oil storage and transport business, which has drawn scrutiny from Congress, to commodities trading company Castleton. Castleton is buying oil terminal storage agreements, inventory, oil purchase and sale and supply deals, and freight shipping contracts. The companies say they hope to complete the deal in 2015. They […]
(Ken Childress/Rosetta Resources)

Noble Energy to buy Rosetta Resources for $2.1 billion

Noble Energy will buy Rosetta Resources in a $2.1 billion deal that gives Noble a footprint in the Eagle Ford and Permian Basin, two of the largest shale plays in the United States.
Furmanite service technicians install a custom-engineered leak sealing enclosure to prevent their client from having to shut down a process unit. (photo: Furmanite)

Investor proxy battle comes to a head at embattled Houston company

The on-site machining company for energy infrastructure and industrial plants saw its chairman resign and its corporate board expanded to welcome three activist investors who had accused the corporate leadership of ineptitude and cronyism.

CERAWeek: 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 – unless oil prices stay low for long.
(Eddie Seal/Bloomberg)

Oil firms may have to cut deeper than $126 billion, report says

If Brent, the international crude standard, hangs around $60 a barrel for much longer, oil producers in the United States and elsewhere in the western world will probably have to make deeper cuts.