Acquisitions & Divestitures - Service & Supply

The U.S. energy regulator has approved a request by Cheniere Energy to feed the first gas into its new LNG facility in Corpus Christi, Texas, marking the beginning of a commissioning phase for the export terminal.

Axpo, a Swiss utility and energy trader, said on Aug. 16 it was in talks with a Canadian company planning to build a LNG terminal on the country's East Coast for a 10-year supply deal.

Analysts with Tudor, Picking, Holt & Co. said Ensign’s proposed acquisition of Trinidad would create one of the largest North American land drillers with critical mass in many key international markets.

OPEC on Aug. 13 forecast lower demand for its crude next year as rivals pump more and said top oil exporter Saudi Arabia, eager to avoid a return of oversupply, had cut production.

The sale process for Houston-based SDI began recently, said three sources who spoke on condition of anonymity as the information has not been made public.

Oil States named Robert Potter, retired FMC president, as its new chairman following the resignation of its former chairman and shale pioneer, Mark G. Papa.

Global commodities trader Trafigura has applied to build a deep water port in Texas that will be able to load supertankers, the company said on Aug. 6, supplying badly needed oil export infrastructure to the country.

Mark Papa's appointment comes just a few months after Helge Lund, former CEO of BG Group and Statoil, resigned from the Schlumberger board in April to become chairman of BP.

As operators in the Permian Basin push the envelope on lateral lengths and completion intensity, sand rises as both a star player and potential bottleneck.

U.S. Silica Holdings Inc.’s (NYSE: SLCA) quarterly profit missed analysts’ estimates on July 31 as its operating expenses nearly doubled.

Weatherford said total revenue from operations in the U.S., Latin America and Canada rose 13% to $769 million in the second quarter.

Halliburton has aimed to grow artificial lift in production chemicals and the acquisition of Athlon is an execution of that plan, President and CEO Jeff Miller says.