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

Trump Budget Seeks To Halve Oil Stockpile, Open Arctic Refuge To Drilling

Trump's White House wants to sell half of the nation's emergency oil stockpile and open the Alaska National Wildlife Refuge to drilling as part of plans to balance the budget over the next 10 years.

2017/05/23

Saudi Arabia, Iraq Agree Oil Output Cut Needs Extension

Saudi Energy Minister Khalid al-Falih said he did not expect any opposition within OPEC to extending the curbs for a further nine months, speaking after he met his Iraqi counterpart in Baghdad.

2017/05/22

Hart Chart: OPEC Revenues Plummet To 12-Year Low

Ahead of OPEC’s May 25 meeting, the U.S. Energy Information Administration noted the hole that the oil price downturn has opened in member nations’ pockets.

2017/05/22

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

Joint Ventures

EOG Resources, Carlyle Group’s JV Targets Oklahoma Marmaton

The $400 million JV, a drop in the capex bucket for EOG, will last four years but could draw out value over the long term.

2017/05/23

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

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

Northeast Hungry For Gas; Frustrated By Lack Of Pipeline Investment

Power distributors in New York and New England are chomping at the bit for more natural gas. Why can’t they get it?

2017/05/23

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

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