Synergies to generate $400 million/year in savings Total S.A. (ticker: TOT) announced the acquisition of Maersk Oil, a subsidiary of the Maersk Group, today in a deal valued at $7.45 billion. The transaction will make Total the second largest operator in the northwest Europe offshore region, with over 500 MBOEPD of production in the area. Adds 160 MBOEPD of production
Estimated combined value of $3.8 billion Silver Run Acquisition Corporation II (ticker: SRUN) announced its merger with Alta Mesa Holdings and Kingfisher Midstream last week, forming Alta Mesa Resources. Silver Run is a special purpose acquisition company (SPAC) that rose just over $1 billion in its IPO in March. Led by James Hackett, the former chief executive of Anadarko Petroleum
Offshore activity down by one-third since July Drilling activity decreased last week as operators approach equilibrium in the current oil price market, according to Baker Hughes’ Weekly Rig Count. The total number of rigs active in the U.S. fell by three last week, bringing the total number of rigs in the country to 946. One land-based rig shut down, and
It’s no longer about just the latest equipment, it’s about using data to your advantage From IBM’s Watson cognitive systems (AI) teaming with Flotek to Kairos Aerospace’s merger of airborne infrared data gathering expertise and software, EnerCom’s Oilfield Tech & Innovation Day presenters spoke to operators who want to jump on companies that have a smarter way for oil and
Targa Resources Partners LP Announces Monthly Distribution on Preferred Units
From Bloomberg Royal Dutch Shell Plc, the world’s largest oil trader, is said to have loaded its first crude from Libya in five years over the weekend, adding to evidence of the OPEC nation’s comeback. The cargo on Saturday is for 600,000 barrels of crude from the Zueitina port, according to two people familiar with the matter who asked not
From Bloomberg U.S. utility owner Sempra Energy agreed to buy control of Texas power distributor Oncor Electric Delivery Co. for $9.45 billion, topping a bid by Warren Buffett’s Berkshire Hathaway Inc. just last month. Sempra’s deal for Energy Future Holdings Corp., which owns 80 percent of Oncor, is valued at about $18.8 billion including debt, the San Diego-based company said
From Bloomberg Royal Dutch Shell Plc is seeking creative solutions to bring gas from Israel and Cyprus to market, a step that could help turn the Mediterranean region into a major gas-producing hub. Shell is in talks to buy natural gas from Israel’s Leviathan field, combine it with output from Cyprus’s Aphrodite field, in which it owns a 35 percent
Perfume Packaging – Market Segmentation and Insights by Technavio
Global Lubricants Packaging Market 2017-2021 – Key Vendors are Amcor, Glenroy, Graham Packaging, Mold-Tek Packaging & Scholle IPN
From The Denver Post To find the biggest fault line in the clash of homes and oilfields in Colorado, listen for the rumbles. “Noise is continuous,” one resident in La Plata County complained to state oil and gas regulators earlier this year. “My house is vibrating again,” a man in Erie reported. “I haven’t slept in weeks due to this noise,” another
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