Eldar Saetre didn’t comment on Statoil’s deals strategy, but speculated more deals will follow Shell’s purchase of BG, Bloomberg said. Sellers’ high valuation expectations are problematic, he said.
Royal Dutch Shell Plc hired Barclays Plc to arrange a 10 billion pound (US$15 billion) short-term bridge loan for the purchase of BG Group Plc, people told Bloomberg.
Murray Energy Corp. will acquire 34% of Foresight Energy LP parent unit voting rights during $1.37 billion takeover, Bloomberg said. Without voting control, Murray won’t buy $600 million Foresight bonds.
Speculation of an Exxon-BP combination surfaced last year after oil prices declined, increasing big mergers’ appeal, Bloomberg said. Now, M&A is in the wake of the Shell-BG acquisition news.
If Shell buys BG Group Plc, gas from Australia’s Arrow project could be sold, an analyst said. Shell and PetroChina won’t build an export terminal due to costs, Bloomberg said.
The merger would unite the U.K.’s first- and third-largest natural gas producers, Bloomberg said. The companies are still in talks, and the matter is private.
Greg Goff, chairman and CEO of QEP Midstream Partners GP, said the merger will allow a simplified business structure. The transaction is scheduled to close this year, subject to approvals.
Houston-based Oceaneering will absorb 550 C&C personnel.
Special meetings determined the shareholders’ votes. The merger of Halliburton and Baker Hughes is scheduled to close in the second half of 2015, subject to regulatory approvals.
C&J Energy Services Ltd. is led by current C&J management and will be based out of Bermuda. The transaction was originally announced June 25, 2014.
Superior is interested in assets Baker Hughes Inc. and Halliburton Co. must sell during their merger, Bloomberg said. Superior, seeking international exposure, will become the fourth-largest oilfield services company.
Several batches of overlapping business lines will be unloaded to win U.S. Justice Department approval for their $34.6 billion combination, according to people with knowledge of the matter, Bloomberg said.
|E&P||USD 300||Members only||Paloma Partners III LLC|
|E&P||CAD 321||Members only||Penn West Petroleum Ltd.|
|Mid||USD 102.3||Members only||Exterran Holdings Inc.|
|E&P||CAD 172||Members only||Undisclosed|