Category: Deals

Halliburton-Baker Hughes deal would rank among top 20 energy deals of last 20 years

Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.  More »

10 things to know about the Halliburton-Baker Hughes deal

Regulators, shareholders and employees’ whose jobs could be in limbo have all already expressed concern about the implications of the complex deal.  More »

Executives mum about what the Halliburton-Baker Hughes deal means for jobs

Officials at Halliburton and Baker Hughes have remained tight-lipped about what today’s transaction means for jobs at the two oilfield services companies.  More »

Halliburton CFO: Already identified buyers for businesses it may sell

Executives said the company has plans to capture $2 billion by improving operations and reorganizing personnel, mostly in North America.  More »

Halliburton to buy Baker Hughes for $34.6 billion

Halliburton will buy Baker Hughes for $34.6 billion in a cash and stock transaction that marks one of the biggest oil-field services combinations ever.  More »

In letters, Baker Hughes sends message to any potential buyer

Correspondence between the heads of two oil field service giants, unleashed Friday in a bundle of public disclosures, has provided a window into the haggling that could bring together two fierce rivals in what could be the second-biggest energy deal of this year.  More »

Halliburton goes hostile in attempt to buy Baker Hughes

Merger talks between oil field services giants Halliburton and Baker Hughes took a hostile turn Friday, as the larger Halliburton made an 11th-hour move to replace the board of its smaller rival and takeover target.  More »

Analysts say merger news could spark bidding war for Baker Hughes

News that Baker Hughes is in talks to sell itself to its rival Halliburton could spark a bidding war among several oil-field players including GE and Schlumberger.  More »

Halliburton, Baker Hughes in talks for mega deal

Two of the world’s biggest oil field service companies are in talks to fuse their businesses together and end decades of rivalry in a deal that may be valued at more than $20 billion.  More »

Phillips 66 to sell refining stake in Asia for $635M

Phillips 66 is ending its ties to its refining business in Asia with a deal announced Wednesday to sell its 47-percent stake in a Malaysian refinery for $635 million in cash.  More »

Anadarko hopeful West Texas midstream buy will up output

Marrying rigs, pipes and processing plants doubled Anadarko Petroleum Corp. production in Colorado’s Wattenberg field, so the oil company is betting $1.5 billion it will work again in West Texas.  More »

Plains to buy half of BridgeTex in $1.1 billion deal

The pipeline is a major artery for the basin with a capacity of 300,000 barrels per day of crude.  More »

Investors lose bid to stop vote on Kinder Morgan deal

A Delaware state judge denied a request by investors to delay a shareholder vote on Kinder Morgan’s $44 billion deal to fuse all of its companies.  More »

McClendon’s West Texas venture plans Wall Street debut

Wildcatter Aubrey McClendon’s oil and gas startup in West Texas may be the latest venture in the Permian Basin to beckon for Wall Street investors, sitting astride one of the most lucrative U.S. shale plays.  More »

Shell Midstream surges in early trading

Shell’s midstream initial public offering took flight early Wednesday, gaining more than 40 percent shortly after trading started.  More »