Maurel & Prom said deal, due to be completed in December, would add Nigeria to its Gabon and Tanzania operations, giving it presence in three key sub-Saharan producers, Reuters said.
Range of cargo carrying units includes baskets and containers certified to international standards, and certified cutting boxes and DNV/MPT portable chemical tanks for rental alongside pumps and operated vacuum services.
Schlumberger Ltd. (NYSE: SLB) and Cameron (NYSE: CAM) have reached a definitive merger agreement in which the companies will combine in a stock and cash transaction, the companies said in a joint statement.
The deal is valued at $14.8 billion. The agreement was unanimously approved by the boards of directors of both companies.
“This agreement with Cameron opens new and broader opportunities for Schlumberger. At our investor conference in June 2014, we highlighted how the E&P industry must transform to deliver increased performance at a time of range-bound commodity prices,” Schlumberger CEO Paal Kibsgaard said. "With oil prices now at lower levels, oilfield services companies that deliver innovative technology and greater integration while improving efficiency, which our customers increasingly demand, will outperform the market.
Under the terms of the agreement, Cameron shareholders will receive 0.716 shares of Schlumberger common stock and a cash payment of $14.44 in exchange for each Cameron share, the release said.
The combined company will operate nearly 200,000 miles of electric lines and more than 80,000 miles of gas pipelines. The deal is valued at about $12 billion, Reuters said.
Crescent Point’s current position in Swan Hills Beaverhill Lake resource play was consolidated. The company has full operatorship, control over pace of development and increased position in the play’s core.
According to people with knowledge of private matter, Spectra Energy Corp. is bidding for the whole of Williams Companies Inc. Wells Fargo is advising Houston-based Spectra, Reuters reported.
The Rosneft subsidiary obtained approval from the Federal Antimonopoly Service of the Russian Federation to acquire Canada’s Trican Well Service LLC. The transaction is scheduled to close Aug. 20.
Halliburton Co. and Baker Hughes received Department of Justice second requests in February under Hart-Scott-Rodino Antitrust Improvements Act of 1976’s notification requirements. Baker Hughes certified the second request July 14.
Ares Kayne Management LP, an alternative investment group, will have $113 billion in assets, Bloomberg said. It will be formed through a $2.55 billion merger.
The merger of QEP Midstream Partners LP and Tesoro Logistics LP was approved during a unitholder meeting in San Antonio on July 21.
Rosetta will become a wholly owned subsidiary of Noble Energy, and James E. Craddock, Rosetta's chairman, CEO and president, will join Noble’s board of directors.
Energy Transfer Equity LP signed confidentiality agreement to participate in an auction for Williams Cos., the pipeline company that turned down its $48 billion takeover offer last month, Bloomberg said.
|E&P||USD 100||Members only||Armour Energy Ltd.|
|Mid||USD 8000||Members only||AGL Resources Inc.|
|E&P||USD 1750||Members only||Cobalt International Energy Inc.|
|E&P||CAD 30||Members only||Undisclosed|