Acquisitions & Divestitures

A&D - E&P

Sources: OPEC Panel Looking At Deepening, Extending Oil Cuts

One source said a deeper cut in output was an option depending on estimated growth in supply from non-OPEC producers, mainly U.S. shale oil firms, among other scenarios.

2017/05/19

BOEM Schedules Cook Inlet Lease Sale For June

Cook Inlet Oil & Gas Lease Sale 244 will offer 224 blocks toward the northern part of the federal Cook Inlet Planning Area for leasing, BOEM said May 18. The blocks stretch roughly from Kalgin Island in the north to Augustine Island in the south.

2017/05/19

Anadarko CEO: Conquering Frontiers Requires Exploration, Technology, Investment

International exploration and technology remain crucial to filling future energy demand.

2017/05/18

Gas Producers Slow To Put Pedal To Production

Gas production is at its lowest mark in two months and 3.5% lower than the year-ago period, but still a bit higher than production tallies at the beginning of 2017.

2017/05/18

Insight

OPEC On Course Toward Supply Cut Extension

OPEC and other oil producers are on course to agree on an extension of supply cuts at a meeting on May 25, with Saudi Arabia saying most participants are on board with the plan to rein in a global supply glut.

2017/05/22

Supply Shortfall Outlook Swings Focus To Deep Water, Oil Sands

Some countries may be better positioned to attract investment to meet future demand, according to a global risk consultancy.

2017/05/17

EIA: US Crude Oil Inventories Fall For Sixth Straight Week

The U.S. Energy Information Administration said May 17 that crude inventories fell 1.8 million barrels for the week to May 12, compared with expectations for a decrease of 2.4 million barrels.

2017/05/17

Oil Prices Strengthen As Market Awaits EIA Data

Oil prices strengthened on May 17 ahead of U.S. crude inventory data that could give investors a clue as to whether an OPEC-led output cut is making progress in reducing the persistent global supply overhang.

2017/05/17

Joint Ventures

Seaport Global Securities Launches Upstream A&D Division

In addition, Tom Schaefer and Andy Taurins have joined Seaport as managing directors to co-head the firm's A&D investment banking team.

2017/04/13

Bankrupt Vanguard Assailed As It Tries To Deal Midland Acreage

Occidental Petroleum is a stalking horse bidder for Vanguard's Glasscock County, Texas, acreage, which it agreed to buy for $78 million.

2017/04/03

Ares Launches $300 Million JV With Midland’s E&P Endeavor Energy

Ares’s newly formed Development Capital Resources made $450 million in JV commitments, including one with an operator in the Stack/ Scoop.

2017/04/03

Red Leaf, Total E&P USA End Utah Oil Shale JV

Total E&P USA Oil Shale LLC will exit an oil shale project in eastern Utah after reaching an agreement with development partner Red Leaf Resources Inc., the companies said March 31.

2017/04/03

Mergers & Acquistions

Rubicon Acquires Emerging Oilfield Tech Company

Rubicon said it expects the acquisition of Choice Completions will strengthen its well construction portfolio and completions solutions business segment.

2017/05/09

2017 A&D Outlook: The Big Truck Without Brakes

At the Energy Capital Conference, A&D gurus mused over the current wealth of deals in the Permian, the selloff elsewhere for capital and transactions hurtling toward the Powder River Basin.

2017/05/08

Pembina Pipeline Buys Rival Veresen For $7.1 Billion

The combined company will have a strong position in the Western Canadian Sedimentary Basin, home to the world's third largest crude reserves.

2017/05/01

SNC-Lavalin To Buy UK-Based WS Atkins For $2.7 Billion

SNC-Lavalin Group is expanding its global consulting, design and project management capabilities with the takeover of U.K.-based WS Atkins.

2017/04/21

Midstream

Netherlands To Receive First LNG Cargo From Cheniere's Sabine Pass Plant

The Netherlands is set to receive its first LNG delivery from Cheniere Energy's Sabine Pass export plant in the U.S., according to shipping data.

2017/05/22

Profile: ‘A Dream Job’

Adam Sieminski looks back at his eventful term heading the U.S. Energy Information Administration.

2017/05/22

Kinder Morgan's Trans Mountain Project Could Unleash Canadian Political War

Despite approval from Trudeau’s federal government, opponents to Kinder Morgan’s Trans Mountain pipeline project haven’t given up.

2017/05/19

Noble Energy’s $765 Million Midstream Deal To Pay Delaware Basin Tab

Quantum Energy Partners again buys Noble’s Appalachia assets in two deals valued at $1.9 billion.

2017/05/18

Service & Supply

Pressure Cooker: Keane Group’s $285 Million Deal Adds Permian, Bakken Horsepower

Amid industry consolidation, Colorado’s RockPile Energy Services will augment Keane’s services primarily in the Permian Basin and the Bakken.

2017/05/19

Halliburton’s Incoming CEO Sees Significant Price Hike

Halliburton executives have been in talks with customers for months about raising rates for its services.

2017/05/18

Houston-Based Solaris Oilfield Infrastructure Prices IPO

Solaris Oilfield Infrastructure, a manufacturer of proppant management systems deployed in U.S. shale plays, said it expects up to about $127.9 million of net proceeds from the IPO.

2017/05/16

EIA: Higher US Crude Output Should Pressure Oil Prices

Higher crude output from the U.S. should pressure global oil prices through the end of 2018, the U.S. Energy Information Administration (EIA) said May 9, ahead of OPEC's meeting later this month.

2017/05/09