Acquisitions & Divestitures - Mergers & Acquisitions

Water Services Firms Rockwater, Crescent Agree To $207 Million Merger

Together, Rockwater and Crescent will create one of the largest oilfield water management services companies serving key shale plays across the U.S. and Western Canada, according to the release.


Enbridge To Cut 1,000 Jobs After Spectra Takeover

 The workforce reductions are a component of the 'synergies' expected over the coming months as it fully integrates the companies, said Enbridge spokesman Todd Nogier.


Trican To Buy Canyon Services As Shale Drilling Ramps Up

A more than 50% fall in global crude prices since 2014 has triggered a wave of consolidation in the oilfield services industry, which has been battered by a sharp drop in service prices.


Wood Group Agrees To Buy Rival Amec Foster In $2.7 Billion Deal

Amec Foster Wheeler investors will receive 0.75 new Wood Group shares for each share held, the company said. They will own 44% of the merger group but Wood Group executives will take the top jobs.


Analysts: MLPs Offer ‘Good Entry Point’

Analysts at Capital Link forum consider midstream ‘safer’ sector for investors.


Shell Discards Canadian Oil Sands In $8.5 Billion Deal

Analysts welcomed the deal, under which Shell has agreed to sell its existing and undeveloped Canadian oil sands interests to Canadian Natural and to cut its share in the Athabasca Oil Sands Project to 10% from 60%.


Update: FTC Approves Enbridge, Spectra Merger With Conditions

The FTC said the firms agreed to resolve the charges by adopting a consent decree that would require Enbridge to notify the panel before acquisitions in areas off Louisiana.


Oilfield Service Companies Performance, Slingshot Combine

Pelican is the financial partner which supported the recapitalization and combination of the companies. The terms of the transaction weren't disclosed.


Magellan Petroleum, Tellurian Finalize Merger

Tellurian Investments was founded as a private company on Feb. 23, 2016, by Charif Souki and Martin Houston. 


Parsley’s $2.8 Billion Pries Midland From Double Eagle

The company’s acreage position will increase by nearly 46% in Parsley’s 'transformational' Permian deal, analysts said.


Three Norwegian Shippers Will Merge Into One Offshore Oil Supply Vessel Firm

Reuters said this comes soon after Frontline, John Fredriksen's listed oil tankers operator, launched a US $475 million offer for Double Hull Tankers, while Fredriksen is also trying to resolve a US$14 billion debt crisis at  Seadrill, where he is chairman and the biggest shareholder.


Delek Group Expands In North Sea With Ithaca Energy Deal

Delek already owns 19.7% of Ithaca. The offer, a premium of about 12% to Ithaca's closing price of C$1.74 on Feb. 3, implies an enterprise value of about $1.24 billion.