Category: Deals

Noble Energy acquires interest in BP Gulf of Mexico leases

Noble Energy Inc. acquired 50 percent of BP’s interest in 17 Gulf of Mexico leases, it announced Monday.  More »

Williams buying rest of Access Midstream Partners for $6 billion

The purchase from Global Infrastructure Partners II will increase William’s ownership to 100 percent of the general partnership and 50 percent of the limited partnership, Williams said in a statement.  More »

Siemens said to be preparing bid to buy Alstom’s gas turbine unit

Siemens AG is preparing a bid for Alstom SA’s energy unit that would leave it with the French company’s gas turbines while allowing partners Mitsubishi Heavy Industries Ltd. and Hitachi Ltd. to expand their steam turbines and hydro businesses, people familiar with the matter said.  More »

Chesapeake slashing debt with spin off

Chesapeake Energy will wipe $1.1 billion in debt off its books when it spins off its rig business this month, but it probably won’t have any more silver bullets as it works to restore its balance sheet, analysts said Tuesday.  More »

Deal may spur drilling in Mississippi, Louisiana

Halcón Resources has leased 314,000 acres in the Tuscaloosa Marine Shale.  More »

Former Copano execs get $500M to start new pipeline firm

The executives who sold Copano Energy to Richard Kinder’s pipeline empire for $3.2 billion last year have lined up $500 million to start a new oil and gas pipeline company.  More »

McClendon venture to enter shale territories in $4.25B deal

The three announced acquisitions are the latest in a series of moves by Aubrey McClendon, one of the first wildcatters to capitalize on the U.S. shale boom, to rebuild his empire after he relinquished his perch at the top of Chesapeake Energy last year.  More »

Bankruptcy judge approves $9.9B in loans to troubled Texas power firm

A federal bankruptcy judge on Friday approved $4.47 billion in loans to Energy Future Holdings, which had sought debt to pay the bills for its retail electricity business while in bankruptcy.  More »

Phillips 66 buys big oil storage terminal on Gulf Coast

Phillips 66 struck a deal Thursday for what may become its largest oil and refined-product storage terminal as it anticipates an influx of crude oil to migrate to the Gulf Coast.  More »

PetroLogistics investor sues over Koch buyout

The investor claims a $2.1 billion all-cash buyout offer from a unit of Koch Industries is too low.  More »

Apollo Global invests $700M in small shale player

Apollo Global Management is pumping $700 million into an Oklahoma oil and gas producer bent on snapping up upstream and midstream properties in the Mid-continent U.S., Texas, Arkansas and Louisiana.  More »

Marathon Oil to sell Norway business for $2.1B

Marathon Oil Corp. struck a deal Monday to sell its Norwegian offshore oil-production business for $2.1 billion, its latest move to lighten its load and concentrate on U.S. shale basins.  More »