Category: featured

Fatal explosion came during maintenance work

The fatal explosion came nearly six months after federal drilling regulators warned that the facility had failed to maintain all equipment in a safe condition so as to ensure the protection of the lease and associated facilities.  More »

Exxon Mobil drops to No. 4 in world rankings of largest oil firms

While Exxon Mobil fell, Russian and Chinese companies gained in the rankings.  More »

Kinder Morgan investors approve $44 billion merger

The approval of the deal heralds the beginning new era for the North America’s largest midstream company.  More »

Apache sells assets in Texas, Oklahoma, Louisiana for $1.4 billion

Apache Corp. has agreed to sell assets in Texas, Oklahoma and Louisiana in two deals worth $1.4 billion, the exploration and production company announced Thursday morning ahead of a presentation to analysts.  More »

As deadline on proxy vote for major deal nears, Kinder Morgan seeks to sway investors

While Richard Kinder himself is strongly in favor of the deal, a few smaller investors have raised concerns that the move away from the tax-advantaged master limited partnership structure will cause problems.  More »

Transocean idles three more rigs, stock falls

Transocean’s fleet of deep-water drilling machines has been under pricing pressure and has faced lower demand amid falling oil prices and a glut in equipment.  More »

Senate rejects Keystone XL bill

Republican leaders are vowing to try again once they take over the chamber in January.  More »

Halliburton’s Lesar on the trail to sell $35B megadeal to investors

Halliburton CEO Dave Lesar hopped on a plane to New York on Monday, rang the bell at the New York Stock Exchange on Tuesday, and over the next two days will have no less than 16 meetings with shareholders to sell the oil-field service industry’s biggest-ever acquisition.  More »

Senate vote on Keystone XL set to be close

The latest drama over Keystone XL is headed into its final act, as the Senate prepares to vote on legislation that would authorize the pipeline. And it’s likely to be a nail biter.  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 »

U.S. drillers shift oil rigs to tap most reliable fields

The oil-rig count has fallen from a peak of 1,609 on Oct. 10 as companies slow drilling in response to a 26 percent slide in crude prices over the past four months.  More »

Keystone left behind as Canadian oil pours into U.S.

The expansion shows Canadians are finding alternative entry points into the U.S. while the Keystone saga drags on.  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 »

House passes Keystone XL bill

The House of Representatives overwhelmingly passed legislation authorizing the Keystone XL pipeline on Friday, even as Senate supporters work to line up 60 votes to send the measure to the White House.  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 »
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