Acquisitions & Divestitures

Total Will Sell Some North Sea Pipeline Assets To ArcLight Capital Affiliate

The US$907 million sale to North Sea Midstream Partners, an ArcLight Capital affiliate, includes the Frigg U.K. and...

August 27, 2015
Schlumberger, Cameron International, 15 billion, merger, oilfield services, subsea

Schlumberger, Cameron Look To Meld Science, Tech In $15 Billion Merger

The transaction will expand Schlumberger’s revenue base by more than 20%, Paal Kibsgaard, the company’s CEO and chairman, said in a press call. Schlumberger expects cost synergies of $900 million over two years...

August 26, 2015

Schlumberger Plans To Buy Cameron In $14.8 Billion Deal

Schlumberger Ltd. (NYSE: SLB) and Cameron (NYSE: CAM) have reached a definitive merger agreement in which the...

August 26, 2015
Encana, exit, Louisiana, Haynesville, shale, GeoSouthern, GSO Capital

Deal Gives Encana Exit From Louisiana Haynesville

After a decade in the Haynesville, the company shifted from natural gas to a broader asset base that included liquids. The company also gains relief from obligations to its midstream assets.

August 25, 2015

Energy Transfer Will Bid For Magnum Hunter Subsidiary Stake

Magnum Hunter, which has struggled with weak gas prices, said in June that it expected to raise up to $700 million by selling its stake in Eureka Hunter, Reuters reported.

August 24, 2015
Marcellus, Shale, midstream, merger, A&D, M&A, pipeline,megadeal

Southern’s Deal For AGL Resources Spotlights Shale-Gas Use

AGL is planning to spend $670 million on interstate pipeline construction projects, including infrastructure from the Marcellus and Utica and that could grow volumes moving to the Southeast, Midcontinent and...

August 24, 2015

Power Producer Southern Co. Will Buy AGL Resources

The combined company will operate nearly 200,000 miles of electric lines and more than 80,000 miles of gas pipelines. The deal is valued at about $12 billion, Reuters said.

August 24, 2015
A&D has a pulse

A&D Has A Pulse, But Some Fret Over Overspending And Doomsday Drilling

E&Ps remain in character, with many saying they will continue to outspend cash flows and pump up production. Some are planning to put assets on the market, but potential buyers aren’t sure that prices are low...

August 21, 2015

Australia's Gladstone LNG Will Offer Commissioning Cargoes

Gladstone LNG, led by Australia's Santos, expects to begin loading tankers in late September, which traders say will be sold to market participants until long-term delivery obligations begin, Reuters said.

August 21, 2015