A Noble Energy rig off the south coast of Cyprus in the Mediterranean Sea. (AP Photo/Cyprus Press and Information Office, File)

Noble to shutter Rosetta’s headquarters, lay off 65 as two firms merge

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Noble Energy will shutter Rosetta Resources’ headquarters in downtown Houston and lay off at least 65 of its employees as it prepares to acquire the small Houston-based independent producer.
(Photographer: Patrick Semansky/Bloomberg)

MPLX to buy MarkWest Energy Partners for about $15.8 billion

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The proposed deal combines the largest processor of gas in the Marcellus and Utica shale regions of Pennsylvania and Ohio with a growing oil and refined products partnership, according to the statement.
Michael O'Mara

Halliburton, Baker Hughes give feds more time to review merger

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Halliburton said it is still planning to sell three drilling businesses to make room for Baker Hughes once the deal is closed, but it also has told regulators, in the U.S. and overseas, that it will plan to sell off more units than it initially planned.
U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Kerry: No Iran deal yet, but talks continue

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U.S. Secretary of State John Kerry says western powers have not yet reached an accord with Iran that would have limited the Islamic Republic’s nuclear capabilities and most likely lifted economic sanctions that have kept Iranian oil out of many international markets for three years.
SHELL STRATEGIC OIL

Shell’s $70 billion BG purchase approved by Brazil regulator

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Brazil follows the U.S. in approving the industry’s biggest deal in at least a decade. Shell’s purchase at a 50 percent premium, announced in April, gives the Anglo-Dutch company liquefied natural gas assets in Australia and oil and gas fields in Kazakhstan and Brazil.
(Photographer: Daniel Acker/Bloomberg)

Energy Transfer continues public push to buy rival Williams

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Pipeline giant Energy Transfer resumed its public push for a buyout of targeted rival the Williams Cos. late Tuesday, as the Energy Transfer announced it was willing to hand over confidential data to its rival.
U.S. Secretary of State John Kerry waits for the start of a meeting on Iran's nuclear program with officials from Britain, France, Germany, China, the European Union and Iran at the Beau Rivage Palace Hotel in Lausanne, Switzerland Tuesday, March 31, 2015. (AP Photo/Brendan Smialowski, Pool)

Crude sinks as deadline for Iran nuclear deal pushed back

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U.S. crude continued to sink Tuesday after plunging on Monday to its third-worst single-day fall since the oil bust unceremoniously began in June 2014, under pressure from the threat of financial disaster in Greece and China and the potential Iran nuclear deal.
A Linn Energy relief driller loads drill rods onto a rig in Indiana, Pennsylvania in the Appalachian Basin. (AP file photo/Andrew Rush)

Linn Energy sells Permian assets, finalizes $1.5 billion in equity deals

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The assets include 6,400 net acres northeast of Midland for prospective horizontal drilling in the Wolfcamp area of the Permian. The deal also includes existing production from 133 wells in the area.
Siemens CEO Joe Kaeser (Getty Images)

Siemens said to need service sales boost to meet margin goal

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Chief Executive Officer Joe Kaeser, who is focusing Siemens on energy generation and distribution, last year spent $7.6 billion on acquiring oil and gas specialist Dresser-Rand Inc. to boost the company’s installed base of equipment and gain the associated lucrative service contracts.
In this April 2010 file photo, oil can be seen in the Gulf of Mexico, more than 50 miles southeast of Venice on Louisiana's tip, as a large plume of smoke rises from fires on BP's Deepwater Horizon offshore oil rig. (AP Photo/Gerald Herbert, File)

BP to settle Deepwater Horizon claims for $18.7 billion

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BP has struck a deal to settle all federal, state and local claims against it for its role in the Deepwater Horizon oil spill for $18.7 billion. It would pay out that sum over 18 years, BP said Thursday.