Category: Deals

Court OKs $2.86 billion merger between C&J, Nabors unit

C&J Energy’s shareholders shouldn’t have been barred by a judge from voting on whether to approve the deal with Houston- based Nabors, the Delaware Supreme Court ruled today.  More »

The calm before an M&A storm

Upstream oil and gas companies are waiting out volatility in the commodities markets right now, but many are expected be on the hunt for acquisitions after the dust in the crude market settles, according to an analysis by energy consulting firm Wood Mackenzie.  More »

Halliburton CEO: Weak market will spur more job cuts

Dave Lesar’s statement comes a week after Halliburton said it would immediately laying off 1,000 employees across multiple regions in the Eastern Hemisphere.  More »

Repsol agrees to buy Canada’s Talisman for $8.3 billion

Repsol has been seeking to spend about $10 billion on takeovers since receiving compensation in May from Argentina for the 2012 nationalization of YPF SA.  More »

Producers, oil-tool firms hold off on IPOs as crude plunges

Wall Street investors have had a hard time putting a stock-market value on these companies because crude prices are still wobbling daily.  More »

Apache will sell LNG stakes in Australia, Canada for $2.75 billon

Apache Corp. will sell its stakes in liquefied natural gas projects in Australia and Canada for $2.75 billion, marking one of its most significant steps yet toward paring back its portfolio to focus on North American activity.  More »

Halliburton begins antitrust review, sees $75 million restructuring charge

Halliburton chief financial officer Mark McCollum said the regulatory review process to clear the deal to acquire Baker Hughes with U.S. and European Union authorities has begun in earnest.  More »

EOG sells pair of Canadian assets for $410 million

EOG Resources sold assets in Manitoba and Alberta in a pair of deals that earned a combined $410 million for the Houston-based exploration and production company.  More »

Dover’s $430m purchase shows appeal of specialty oil field service firms

Oil field service companies will have to be far more frugal as crude prices fall.  More »

Kinder Morgan may include condensate exports in revived West Coast line

The line, dubbed the Freedom Pipeline Oil Project, was originally planned to ship as many as 400,000 barrels of crude per day to refineries on the West Coast.  More »

Halliburton, Baker Hughes name leaders for merger planning team

The integration process is expected to begin after the deal closes in 2015.  More »

Enbridge surges after asset shift, dividend boost

Enbridge said yesterday it plans to move C$17 billion worth of Canadian liquids pipelines to the Enbridge Income Fund to help pay for capital investment.  More »

Southwestern Energy to pay $300M for gas-rich land in Pennsylvania

Southwestern Energy Co. is planning to pay $300 million for thousands of acres in a natural gas-rich region of Pennsylvania, little more than six weeks after its multibillion-dollar purchase of gas land nearby.  More »

McClendon venture raises $500 million for mineral rights

McClendon doesn’t appear to be slowing down his new venture even as oil prices have sunk below $75 a barrel.  More »

Iraq reaches major oil deal with Kurds

Earlier this year, Baghdad cut the 17 percent of the state budget that is supposed to go to the Kurdish region.  More »
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