Category: Deals

Dynegy gets federal OK to buy Duke, Energy Capital plants

In buying the units, which sell power in competitive wholesale markets, Dynegy will nearly double the company’s electricity generation capacity.  More »

Halliburton, Baker Hughes shareholders OK $35 billion deal

Roughly 98 percent of the shareholder votes cast in both votes were in favor of the deal, which is expected to close in the second half of this year.  More »

Dow Chemical, Olin in $5 billion cash-and-stock deal

Dow has been under pressure from the hedge fund Third Point LLC to split its specialty chemical and petrochemical businesses.  More »

ConocoPhillips hires Scotiabank to sell some Canadian assets

Details on the sale from the Houston-based company will be provided in the second quarter, according to Scotiabank.  More »

Chevron seeks over $3.6 billion for Caltex Australia stake

The deal is the largest block trade ever in Australia, exceeding Royal Dutch Shell Plc’s sale of Woodside Petroleum Ltd. shares in 2010 for about A$3.3 billion.  More »

Russia sets terms for $1.7 billion Schlumberger-Eurasia deal

Russia’s commission on foreign investment will meet the U.S. oil-services company to go through the conditions in the next 10 days, Igor Artyemev, head of Russia’s anti-monopoly service, said Thursday in Moscow.  More »

DOJ: Schlumberger violated Iran sanctions, will pay $232 million fine

The deal marks the end of a six-year federal probe into the company’s activities in two Middle Eastern countries, which found the U.S.-based subsidiary “took steps to disguise” its overseas dealings for several years.  More »

Shell sells Nigerian oil lease for $1.7 billion to local company

The divestment is part of Shell’s strategic review of its onshore portfolio in the West African nation and “is in line with the Federal Government of Nigeria’s aim of developing Nigerian companies in the country’s upstream oil and gas business,” it said in a statement on Wednesday.  More »

Eagle Ford producer leases Exxon’s old space

The Houston-based exploration firm plans to move into former Exxon Mobil space in the Five Greenspoint Place 19-story building at 17001 Northchase Drive.  More »

Linn announces $1 billion equity deal

Oil producer Linn Energy signed a deal with Quantum Energy Partners, a private investor, to help fund up to $1 billion in oil and natural gas acquisitions, the companies said Tuesday  More »

Houston companies partnering with Tennessee refiner to build pair of Texas pipelines

Delek Chairman and CEO Uzi Yemin said in a written statement that the pipelines would be the company’s first major U.S. development projects.  More »

FMC, Technip forming new firm to streamline subsea operations

Subsea equipment maker FMC Technologies and engineering firm Technip are forming a new company together, one they say will be able to help oil companies reach their first barrels of offshore crude faster, for cheaper.  More »

Saratoga Resources extends forbearance agreements to restructure debt

The Houston firm is extending the terms of its forbearance agreement with holders of $54.6 million in senior debt and 75 percent of holders of $125.2 million in second lien notes until April 30.  More »

Halliburton mum on future sales tied to Baker Hughes merger

The world’s second and third-biggest oil field service firms are just a week away from a March 27 shareholder vote on the transaction, one of the biggest energy deals so far this century, which emerged when oil prices were falling sharply last year.  More »

Southwestern Energy sells Pennsylvania pipelines for $500 million

Natural gas producer Southwestern Energy will sell its gathering assets in Pennsylvania for $500 million, the company announced Thursday morning.  More »
Page 1 of 4912345...102030...Last »