Posts filtered on Tag

mergers

cera_dudley

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

on
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

on
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

on
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

on
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.
Michael O'Mara

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

on
Data shows that the 20 biggest oil and gas deals of the last century have all been announced since 1998.
Anadarko Petroleum Corporation CEO Al Walker. (Nick de la Torre / Houston Chronicle)

Anadarko CEO: Lower oil prices could bring more acquisitions

on
A decline in oil prices may offer up discounts for key acquisitions in Colorado and elsewhere, Anadarko CEO Al Walker said.
( Jason Alden/Bloomberg)

Louisiana utility company to be bought for $3.4 billion

on
Investors led by Australia’s Macquarie Group Ltd. agreed to buy Louisiana utility Cleco Corp. for $3.4 billion in cash, attracted by the steady, long-term returns of regulated power assets.
(AP Photo/Gregory Bull, File)

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

on
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.
Targa Resources is provider of midstream natural gas and NGL services. Targa employees are working at the Galena Park terminal. Photo: NA / HC

Targa reports strong quarter, stays coy about merger potential

on
Pipeline operator Targa Resources says it will evaluate possible deals after a proposed merger fell through earlier this year, but officials wouldn’t say if it’s in active merger talks.
(Photo: Flickr, Caston_Corporate)

Private equity, foreign buyers return to U.S. oil and gas deals

on
U.S. oil and gas deals jumped nearly 40 percent in combined value in the second quarter as a foreign buyers and private equity firms returned to the sales block to snap up oil-soaked shale.