Category: Deals

Linn Energy is selling $2.3 billion in assets

Proceeds from Linn’s sales will be to pay for $2.3 billion worth of assets it bought Devon Energy Corp.  More »

As unconventionals dominate, buyers and sellers flip

Just a few years ago, the hope for a smaller exploration and production was to get bought up by an industry giant hoping to add assets to its ever-expanding portfolio. Today, that dynamic has been flipped entirely on its head.  More »

Murphy to sell stake in Malaysian business for $2 billion

Arkansas-based Murphy Oil Corp. will sell a 30 percent stake in its Malyasian oil and gas assets for $2 billion to Pertamina, Indonesia’s state-owned oil and gas company, Murphy announced announced Tuesday morning.  More »

Encana buying Permian-focused Texas company for $5.9 billion

Calgary-based Encana Corp. will buy Fort Worth’s Athlon Energy in a deal worth $7.1 billion that will give the Canadian company’s a sizable footprint in the Permian Basin.  More »

Susser Petroleum buys Hawaiian convenience store chain for $240 million

The Houston-based motor fuels distributor has agreed to purchase Honolulu-based Aloha Petroleum, one of the largest convenience store operators in Hawaii with a large wholesale fuel distribution network and six fuel storage terminals. The deal is expected to close before the end of the year.  More »

BHP Billiton, Pemex sign agreement to share deepwater knowledge

Australian oil and mining giant BHP Billiton and Pemex, Mexico’s national oil company, have signed a deal to share knowledge of deepwater operations, BHP Billiton announced.  More »

Dynegy’s CEO says the company is in it for the long run

Once Dynegy’s two deals close early next year, Dynegy’s workforce should grow from around 1,600 employees to 2,600.  More »

Cabot snaps up more Eagle Ford acreage for $210M

With the purchase, Cabot Oil & Gas will add about a third to its land position in South Texas.  More »

Total to sell stake in Utica midstream business for $450 million

A day after revealing plans to sell $10 billion in assets by 2017, French oil giant Total announces plans to sell its stake in a Utica Shale project.  More »

Siemens CEO: Dresser-Rand deal provides connection to oil epicenter

Siemens AG’s $7.6 billion deal to buy Houston’s Dresser-Rand Group is about more than collecting gas turbines and super-sonic engines: It’s about getting access to Houston, the epicenter of executive power in U.S. oil and gas, the German conglomerate’s chief executive said Monday.  More »

Siemens cuts multibillion dollar deal for Dresser-Rand

Investors in Dresser-Rand will get $83 a share on the deal. The company’s share price on Friday closed up $6.88 to $79.91 on the New York Stock Exchange. In a recent regulatory filing, Dresser-Rand said it had about $1.15 billion in debt. That would make the cash purchase price worth nearly $6.5 billion.  More »

Russian oligarch owns big stakes in Dresser-Rand, potential Swiss buyer

Dresser-Rand Group and its potential Swiss industrial buyer have at least one thing in common: An ultra-rich Russian metallurgy and energy tycoon with ties to Moscow.  More »

Dresser-Rand talking to possible buyers

Dresser-Rand Group is in merger talks with at least one foreign industrial company, a potential suitor has confirmed, as talk that the Houston oil field equipment maker may sell pump its stock price.  More »

Canadian bank takings bid on Apache assets in Alberta

The Bank of Nova Scotia is taking bids for Apache Corp. assets in Alberta, according to marketing materials on its website, in what could signal the latest divestment effort by the Houston-based exploration and production company.  More »

Foster Wheeler: Changes not coming next year

Global engineering conglomerate Foster Wheeler told employees that changes to the company’s structure associated with its acquisition by AMEC won’t take place until next year.  More »