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mergers

Genesis Energy operates this crude oil pipeline in Texas City. (J. Patric Schneider/For the Chronicle)

Moody’s downgrades Williams Cos., lowers outlook for Energy Transfer

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Moody’s lowered its credit rating for Williams Companies and reduced its ratings outlook for Energy Transfer Equity.
U.S. regulators expect their review of the proposed Halliburton-Baker Hughes merger to last into the new year.  (AP Photo)

Seeking approval for merger, Halliburton resubmits filing to EU antitrust regulators

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Oil field services giant Halliburton has resubmitted a filing to antitrust regulators in the European Union as it presses forward with plans for a $35 billion deal to acquire rival Baker Hughes.
Halliburton Chairman and CEO Dave Lesar, joined by members of the Halliburton Executive Team ring the Opening bell at the New York Stock Exchange on November 18, 2014 in New York City. (Photo by Ben Hider/NYSE)

Deloitte: More oil and gas deals coming if crude prices stay low

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As the hedges roll off, credit tightens and the realization that high prices are far off settles in, many companies will need to offer assets for sale and stronger ones will find good deals.
(Daniel Acker/Bloomberg)

Midstream transactions drove oil and gas deals in the second quarter

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

Williams to evaluate sale before merger vote

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The Williams Cos. said Wednesday it wouldn’t hold a shareholder vote on its proposed $13.8 billion consolidation until after the company finishes evaluating a potential sale.
Roughnecks take a break from working the Peterson Drilling Company rig in Carlsbad, New Mexico, February 26, 2000.  (Photo by Joe Raedle)

Oil companies on the lookout for M&A deals as slump lingers, reports say

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With oil prices struggling to rebound to 2014’s highs of $100 per barrel, more exploration and production companies will be on the prowl for deals to fuse together or gobble up competitors, Moody’s said.
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CERAWeek: BP CEO says don’t expect wave of energy mergers yet

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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

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Oil prices may rebound, but volatility is here to stay, ConocoPhillips CEO Ryan Lance predicted Monday.
(Kristian Helgesen/Bloomberg)

Shell’s BG deal adds to North Sea job concern after oil collapse

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Shell, employing about 2,400 across the North Sea, targets $2.5 billion of pretax “synergies” a year across the globe from the deal, including staff cuts.
Martin Craighead, president and CEO of Baker Hughes Incorporated, speaks at the facility located at 9110 Grogans Mill Road Monday, Feb. 3, 2014, in The Woodlands. (Melissa Phillip/Houston Chronicle)

Baker Hughes’ CEO talked with global conglomerate before Halliburton deal

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The CEO of Baker Hughes had met with a global conglomerate in Europe just weeks before his company struck a $35 billion deal to sell itself to Halliburton, new corporate disclosures show.