Tag: M&A

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.  More »

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.  More »

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  More »

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.  More »

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.  More »

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.  More »

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.  More »

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.  More »

Energy deals plunge to 5-year low in 2013

Oil and gas producers worldwide bought fewer assets and spent more on developing a huge stockpile of reserves and acreage in 2013, bringing merger and acquisition activity to its lowest level in five years.  More »

Private equity sees growing investment opportunities in oil and gas

The oil and gas industry is inherently capital intensive, with projects that run into the billions, making it an attractive investment for private equity firms, according to a survey released Tuesday by EY, an international professional services firm.  More »

Oil industry jobs, dealmaking expected to rise

Economic clouds have parted since last year, when the U.S. fiscal cliff loomed large over the global economy. Now many in the oil and gas industry see a strong case to buy assets and expand payrolls, according to Ernst & Young.  More »

BHP Billiton’s former oil chief Yeager expects more U.S. M&A

Yeager, who led BHP’s $20 billion move into the U.S. shale gas industry before leaving the Melbourne-based company earlier this year, is focusing on oil in his new role at Maverick, an explorer developing fields south of Houston.  More »

M&A bounces back for oil and gas companies

Hungry state-owned oil giants and a spike in conventional asset sales drove oil and gas producers’ deal activity to normal levels in the third quarter, a comeback after mergers and acquisitions dried up in the first half of 2013.  More »

Kinder deal gives Copano investors long-awaited payout

The acquisition price tag is a 23.5 percent premium to Copano’s closing price Tuesday. Copano shares jumped $4.96, or almost 15 percent, to $38.09 in late morning.  More »

Energy industry fueled by strong M&A activity

The oil and gas sector announced an average of four deals each day in 2012, according to a report released Thursday. Oilfield services was the fastest-growing segment.  More »
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