Acquisitions & Divestitures

A&D - E&P

Free

Petrobras Considers IPOs For Financial Health

Petrobras, the oil producer with the most debt, might sell stakes in assets through IPOs, Bloomerg said. Gas pipelines could be possible targets, according to the company’s CFO.

Fri, 04/24/2015 - 16:05
Non-free

Acquisition, ‘Wishful Thinking’ Cost Houston E&P Millions, CEO His Job

An investigation revealed a Houston company profited through exaggeration of a South American prospect’s oil reserves while secretly paying a firm to promote it.

Darren Barbee
Fri, 04/24/2015 - 14:37
Free

Suter Appointed Senior VP Of Production At SandRidge

John Suter was appointed as senior vice president of production at SandRidge Energy Inc. He has worked at American Energy Partners LP, Chesapeake Energy Corp. and Continental Resources Inc.

Fri, 04/24/2015 - 12:02
Free

Cenovus Energy Explores Western Canada Land Sale

The royalty lands, which generate revenue from other companies’ drilling, are located across Alberta, Saskatchewan and Manitoba. Deal could raise C$1.6 billion ($1.3 billion), according to an analyst’s estimate.

Fri, 04/24/2015 - 09:01

Insight

Non-free

Contango, The Dance Of Commodity Futures Prices, Slows Production

Waiting for better prices, Cabot Oil & Gas, Chesapeake, EOG Resources, SM Energy and other E&Ps are deferring 845 well completions in the Eagle Ford, Bakken, Permian and other plays.

Darren Barbee
Tue, 04/14/2015 - 12:38
Non-free

Workers Still Needed To Fill ‘Great Crew Change’ Despite Downturn

Some companies have cut positions to save money, dampening enthusiasm for staff and turning off potential workers the industry needs for the future.

Emily Moser
Fri, 04/10/2015 - 15:09
Non-free

US Gears Up For Greater Role In Global Oil Trade

Geopolitics and shifting views on costs could cause transform the worldwide oil and gas trade, says Tom Petrie.

Mary Hogan
Fri, 04/10/2015 - 11:28
Non-free

ConocoPhillips Says Eagle Ford Condensate Export Ready

The company says it is confident its processed Eagle Ford condensate can be exported but could not speculate on when it might begin shipments.

Darren Barbee
Fri, 04/10/2015 - 06:19

Joint Ventures

Non-free

Goodrich Alive In TMS But Tempted By Eagle Ford Divestment

Goodrich’s Eagle Ford Shale position is located in Frio and LaSalle counties, Texas, near producers Chesapeake Energy, Cabot, Carrizo and EOG Resources.

Darren Barbee
Thu, 04/23/2015 - 12:58
Free

Anadarko Mozambique LNG Deals On Horizon

Anadarko and project partners estimate there is 75 Tcf of exploitable gas offshore Mozambique, Bloomberg said. The Rovuma Basin could hold 120 Tcf technically recoverable reserves, a consultant said.

Wed, 04/15/2015 - 08:09
Free

First Reserve, Pemex Form Infrastructure Investment JV

The Los Ramones pipelines project, and other large-scale energy infrastructure projects, will receive investments through the US$1 billion joint venture. Los Ramones, now under construction, will run 744 kilometers.  

Tue, 04/07/2015 - 15:28
Non-free

EXCO Resources’ Debt Prompts Exchange Of Money, Power

Bluescape will purchase $10 million worth of EXCO common stock and an additional $40 million in shares, as well as some chairs in the company’s board room.

Darren Barbee
Thu, 04/02/2015 - 13:18

Mergers & Acquistions

Non-free

Vanguard Rolls Up Fellow Upstream MLP, Gains Permian Assets

Vanguard buys LRR Energy’s Permian and Arkoma assets, including 1,290 gross producing wells and about 158,000 net acres. LRR’s proved reserves were about 203 Bcfe in December 2014.

Darren Barbee
Tue, 04/21/2015 - 12:12
Free

Halliburton Beats Estimates As Oil Crash Slows Drilling

Halliburton Co. beat analyst estimates and reported a first-quarter loss after the crude market crash forced customers to slow drilling.

Mon, 04/20/2015 - 09:04
Free

Statoil CEO: More Deals Likely To Follow Shell-BG

Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.

Fri, 04/17/2015 - 13:43
Free

Shell Hires Barclays For Loan In BG Purchase

Royal Dutch Shell Plc hired Barclays Plc to arrange a 10 billion pound (US$15 billion) short-term bridge loan for the purchase of BG Group Plc, people told Bloomberg. 

Fri, 04/17/2015 - 11:38

Midstream

Free

Petrobras Considers IPOs For Financial Health

Petrobras, the oil producer with the most debt, might sell stakes in assets through IPOs, Bloomerg said. Gas pipelines could be possible targets, according to the company’s CFO.

Fri, 04/24/2015 - 16:05
Free

Tall Oak Midstream II Formed With $300 Million In Equity

Tall Oak Midstream II LLC will support midstream opportunities in other North American resource plays while Tall Oak Midstream LLC will continue operating and expanding its Midcontinent U.S. midstream assets. 

Fri, 04/24/2015 - 11:13
Free

Refiners Need Time To Handle Crude From New Shale Plays

Export proponents say many U.S. refineries are not designed to handle crude oil produced from new domestic shale plays, Bloomberg said. Several companies urge easing of government restrictions.

Thu, 04/23/2015 - 15:00
Free

Niska Gas Storage Partners Explores Sale

Niska Gas Storage Partners LLC seeks buyers for a sale, people with knowledge of private matter told Bloomberg. Riverstone Holdings and Carlyle Group Plc back Pennsylvania-based Niska, working in Canada. 

Thu, 04/23/2015 - 12:02

Service & Supply

Free

Weatherford Plans More Layoffs

Bernard J. Duroc-Danner, chairman of board, president and CEO, said the goal to reduce headcount by 18% this year will leave 39,000 employees in core businesses and 6,000 on rigs.

Thu, 04/23/2015 - 14:46
Free

Valve Maker Circor Buys German Firm Amid Gloomy Outlook

Setbacks in oil and gas capital spending have hurt Circor but purchase of private firm Schroedahl should be accretive, analyst says.

Darren Barbee
Wed, 04/22/2015 - 16:52
Non-free

Halliburton Selling $3.5 Billion In Revenue Makers As Peers Lay Off More

Baker Hughes and Schlumberger also made announcements that they will cut nearly 15,000 jobs on top of already announced layoffs.

Darren Barbee
Wed, 04/22/2015 - 13:16
Non-free

Refracking Presents Opportunity For Shale Plays

Oil and gas companies are increasingly turning to technology and improved techniques to become more efficient and grow output as low oil prices slowly rebound.

Velda Addison
Mon, 04/20/2015 - 14:38