Just a month after oil major Royal Dutch Shell announced that it would acquire BG Group, the UK’s third largest energy company, for $70 billion in cash and stock, making it the biggest energy deal in a decade, Shell’s CEO Ben Van Beurden was off to China to convince regulators there that the deal did… Keep reading →
Mergers & Acquisitions
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By Roy Palk | LeClairRyanThe buzz about solar keeps on growing thanks to a steady stream of media reports about the industry’s growth potential. The latest examples, to name just a few, include Duke Energy’s $500 million solar expansion; solar on landfills and the proliferation of solar carports; and many reports on the potential of perovskite-based panels to dramatically slash costs.
Energy News Roundup: US Wind Could Face Test, US Crude Oil Inventories Fall and Buyer’s Market for Oil M&A
By Jared AndersonThe tax credits – often referred to as subsidies – that help support US wind power development could be on the congressional chopping block. The US wind industry continually faced boom and bust cycles as the Production Tax Credit was renewed and allowed to expire several times in the past. A much hyped New York… Keep reading →
Energy News Roundup: Halliburton-Baker Hughes $34.6B Deal Struck, US Oil Output Soars & BrightSource China CSP
By Jared AndersonNews broke late last week the world’s second and third largest oil field services providers Halliburton and Baker Hughes were in merger negotiations. The combined company would more effectively compete with Schlumberger, the world’s largest oilfield service company. The deal briefly went hostile when it was reported over the weekend that Halliburton would make a… Keep reading →
Energy News Roundup: Halliburton-Baker Hughes Merger? Antarctica Melting From Below & Report Urges Hydro One Breakup
By Jared AndersonThe Wall Street Journal reported late Thursday that oil services giants Halliburton and Baker Hughes were involved in “quickly progressing” merger negotiations, which caused shares of both firms to jump. “The Journal, citing unidentified people familiar with the matter, said talks were progressing quickly and a deal could come soon.” [Fuel Fix] A new study using… Keep reading →
Sapphire Energy and refiner Phillips 66 – comprised of ConocoPhillips’ former refining assets – have announced a joint development agreement to commercialize Sapphire’s Green Crude, an algae-based crude oil. The two companies will expand Sapphire’s ongoing testing program to ensure that Green Crude can be processed in traditional refineries and meet Environmental Protection Agency standards under the… Keep reading →
Mergers and acquisitions in the North American power and utilities space is continuing to recover from a steep dropoff, with third-quarter 2013 deal activity up from second-quarter and year-ago levels. There were 12 power and utilities deals valued at more than $50 million in the third quarter, up from seven in the previous quarter and… Keep reading →
The US oil and gas market offers something that virtually no other market in the world does – easy entry for non-traditional investors, who are helping to bolster the capital available for much-needed infrastructure buildout. The US oil and gas market is one of few in the world, if not the only one, that features… Keep reading →
A fire at the Motiva refinery – the largest in the US – took more than half its capacity offline for at least two weeks. “The fires come on top of a nagging vibration problem with a key pipe in the plant’s biggest crude distillation unit, or CDU, that is expected to keep it running… Keep reading →