Includes $3.5 Billion Payout to Baker Hughes if Merger Fails to Gain Antitrust Approval The rumblings of a landmark oilservices deal that began on Thursday evening came to fruition over the weekend. By Monday, November 17, 2014, Halliburton (ticker: HAL), the second largest oilservices provider, announced plans to merge with rival Baker Hughes (BHI). BHI, the world’s third largest oilservices
Last week, Canada’s Harper government released its fall fiscal update, which predicted a $1.9 billion government surplus in 2015-16 and real GDP growth of 2.6% for 2015. These promising forecasts come in spite of falling oil prices that have created economic uncertainty around the oil patch, but with the country showing strong signs of continued growth, Oil and Gas 360® continues
In November’s “Energy Industry Data and Trends,” EnerCom Consulting’s monthly report to subscribers that was issued Nov. 14, the analysts looked closely at well economics as management and directors of oil and gas companies across the industry prepare for board meetings. No question, the season’s hottest topic is what to do with capital budgets for the coming year. The EnerCom
Memorial Production Partners LP (MEMP) announced today that Christopher S. (Chris) Cooper has been appointed as Senior Vice President and Chief Operating Officer of the general partner of MEMP. Mr. Cooper is assuming the role formerly held by Larry R. Forney, who continues in his position as Senior Vice President and Chief Operating Officer of Memorial Resource Development Corp. (MRD),
Private Equity Partnership Announced to Construct NatGas Power Plant Energy Investors Funds (EIF), an energy-focused private equity firm, and I Squared Capital, an independent global infrastructure investment manager, announced that they have formed an equity partnership to construct the Oregon Clean Energy Center (OCEC), a greenfield 869 megawatt combined-cycle fired generation facility to be located in Oregon, Ohio. EIF, through
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