Mergers & Acquisitions
The investment, BP Ventures said, is part of a push to tap into the growth in electric vehicle technologies and infrastructure.
Australia’s Santos on May 22 ended talks with Harbour Energy and rejected the U.S.-based firm’s $10.8 billion takeover offer, saying it undervalued the oil and gas producer as oil prices surge.
MLPs are not a dying species, say analysts, but simplified structures for Enbridge, Williams and Cheniere make more sense for those companies.
A successful bid would give Harbour access to a recently revived company with a low cost of gas production and stakes in LNG in the Asia-Pacific, where demand is soaring.
If successful, Harbour's bid would mark the biggest takeover of an Australian oil and gas producer, but Santos has indicated the company may be worth more.
Harbour, which proposed a $10.4 billion takeover in April, is close to completing a review of Santos' books ahead of deciding whether to make a binding offer.
Talos Energy Inc. has completed its previously announced strategic merger with Stone Energy Corp. The combined company began trading May 10 on the New York Stock Exchange under the new ticker symbol “TALO,” according to a news release.
Great Salt Plains Midstream said the Thunderbird acquisition provides immediate processing capacity and continues its buildout of infrastructure in Oklahoma's Stack play.
Partnerships, mergers and acquisitions play prominent roles.
More than 50% of McDermott shareholders supported the deal and approved a 3-to-1 reverse stock split, according to a spokesman. CB&I shareholders also voted in favor the merger, the companies said, and the combination is expected to close on May 10.