More mergers, buyouts in prospect, analyst claims
This will likely be a year of consolidation for the industry if the oil price remains low, according to analyst Douglas-Westwood. Read Full Article Here For more great articles: Offshore RSS Feed
Tagged Mergers
Canadian Montney Play Is Attracting Mergers & Acquisition Suitors
Article Abstract: Oil prices may be languishing in the mid-$40 range but that has not stopped the mergers and acquisitions market from heating up in the already hot Montney formation; one of North America’s most geographically extensive oil and gas plays. The Montney formation currently underpins 30% of Canada’s gas production but this is not…
Total CEO Says Oil Majors Should be Patient Regarding M&A
Article Abstract: The head of French oil firm Total says oil majors are well positioned to grow during the oil price downturn but that they should be patient when it comes to mergers and acquisitions. from Rigzone.com: Latest News Headlines Click Here To Read Full Article Visit Rigzone.com: Latest News Headlines for more great articles.
LAGCOE ’15: Foster Marketing celebrates 35th anniversary of oilfield marketing services
Article Abstract: Longevity is rare in the oilfield these days. Therefore, Foster Marketing’s 35th anniversary is of special significance to the industry that is identified with continual mergers and acquisitions. from Click Here To Read Full Article Visit for more great articles.
Canadian Oil Sands Defends Against Hostile Bid From Suncor
Article Abstract: Canadian Oil Sands Ltd. (COS) is urging its shareholders to turn down a hostile takeover offer by Suncor Energy Inc. (SU) to buy the company, saying Suncor was unfairly seeking a bargain in a period of low oil prices.The current low price of oil has led to mergers in Canada’s oil sands industry,…
Schlumberger won’t pursue $1.7 billion deal for Eurasia Drilling stake
Article Abstract: The company said it does not intend to extend the agreement beyond the current extension’s Sept. 30 expiration date. Instead, Schlumberger will focus on other opportunities for mergers and acquisitions, the company said in a statement. from Fuel Fix Click Here To Read Full Article Visit Fuel Fix for more great articles.
Survey: Oil field services companies feeling pressure as cuts continue
Article Abstract: Citadel Advisory Group, a consulting group specializing in energy industry mergers and acquisitions, said in its mid-year report on a survey of hundreds of oil field services executives that nearly all of the respondents were pessimistic about their ability to renegotiate rates with their biggest customers amid unstable oil prices. from Fuel Fix…
Unite and Take Over
Article Abstract: Amidst the gloomy days of August when Brent Crude bottomed out at 42bbl the acquisition of Cameron by Schlumberger 14.8 billion took place as one of the largest mergers in the oil patch followi from OilVoice Headlines Click Here To Read Full Article Visit OilVoice Headlines for more great articles.
European Commission gives clearance for $70B Shell-BG takeover
Article Abstract: Anglo/Dutch oil and gas giant Royal Dutch Shell has moved yet another step closer to finalising one of the largest oil and gas mergers in history, the $70 billion acquisition of the UK’s BG Group. Shell on Wednesday announced that its recommended combination with BG Group plc has received unconditional merger clearance from…
Where Are All The Oil Mergers?
Article Abstract: from Yahoo! Finance: Independent Oil & Gas Industry News Click Here To Read Full Article Visit Yahoo! Finance: Independent Oil & Gas Industry News for more great articles.