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Transocean's Deepwater Asgard arrived in the Gulf of Mexico in April 2015 to work under a two-year contract with Chevron. (Chevron)

Transocean will reduce fleet to meet tough market

The world’s largest offshore operator is also cutting back its workforce and consolidating most of its support functions in Houston.
(Daniel Acker/Bloomberg)

Midstream transactions drove oil and gas deals in the second quarter

During the second quarter, analysts at PwC tracked 47, $50 million-or-larger oil and gas deals, totaling $38.8 billion.

CERAWeek: BP CEO says don’t expect wave of energy mergers yet

BP CEO Bob Dudley says he doubts there will be a surge of corporate consolidation in the energy industry – effectively a repeat of the mega deals in late-1990s bust that created mammoth oil firms – unless oil prices stay low for long.
(From left to right) IHS Vice Chairman Daniel Yergin interviews Alaska Sen. Lisa Murkowski and ConocoPhillips CEO Ryan Lance at the 2015 IHS Energy CERA Week (Brett Coomer/Houston Chronicle)

Ryan Lance at CERAWeek: Production cuts now could lead to big price swings later

Oil prices may rebound, but volatility is here to stay, ConocoPhillips CEO Ryan Lance predicted Monday.
The EPA heard radically different views as it opened public hearings in Denver on its proposal to slash allowable methane emissions from oil and gas production. (Lucas Schifres/Bloomberg)

Get ready for oil deals: shale is going on sale

Sellers will be companies handicapped by heavy debt and lacking the cash reserves or hedging contracts that would have provided some insulation from the market crash
(Paul White/(AP photo)

The calm before an M&A storm

Upstream oil and gas companies are waiting out volatility in the commodities markets right now, but many are expected be on the hunt for acquisitions after the dust in the crude market settles, according to an analysis by energy consulting firm Wood Mackenzie.
Categories: Crude oil, Deals, Markets
(AP Photo/Gregory Bull, File)

Sinking oil prices may stifle deals, M&A expert says

With oil prices at their lowest point in years, the rate of mergers and acquisitions is slowing and oil firms are pulling back on international investments.
(Image: Fotolia)

US deals rise as Big Oil sheds assets

First-quarter oil and gas deal-making in the U.S. reached its highest level in more than a decade, as Big Oil companies discarded assets to focus on their core operations.
(Photo: Flickr, Caston_Corporate)

Uncertainty over oil and gas prices dampened deal making in 2013

Mergers and acquisitions deal values declined by more than 20 percent last year, coming in at $337 billion, down from $423 for 2012, according to an EY study on global oil and gas transactions issued earlier this week.
A Sanchez Energy well in the Eagle Ford Shale. (Sanchez Energy)

Eagle Ford led energy deals in 2013, despite national decline

The Eagle Ford Shale was home to $8.8 billion in upstream oil and gas deals in 2013, the largest value in the country, according to a new PLS report.