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Schlumberger Becomes First Company to Commit to Science-Based Target in Emissions Reduction
December 20, 2019
Schlumberger announced today its commitment to setting a science-based target to reduce its greenhouse gas (GHG) emissions. Schlumberger’s commitment has been submitted to the Science Based Targets initiative (SBTi) and, in line with the defined criteria, Schlumberger will define its
Basalt Acquires Natural Gas Transmission Business from Third Coast Midstream
December 20, 2019
A fund managed by Basalt Infrastructure Partners II GP has completed the acquisition of Third Coast Midstream’s natural gas transmission business. The Houston-based business will be rebranded as Black Bear Transmission. “We are very excited to add Black Bear Transmission
BLM Holds Successful Oil and Gas Lease Sale for Mississippi and Ohio
December 19, 2019
In keeping with the Administration’s goal of promoting America’s energy independence, the Bureau of Land Management-Eastern States (BLM-ES) held a quarterly oil and gas lease sale December 12, 2019, that resulted in competitive bids on all of the twenty parcels
WPX Energy to Acquire Colorado-based Felix Energy for $2.5 Billion
December 19, 2019
WPX Energy, an Oklahoma-based oil and gas company, has agreed to acquire Felix Energy, a Delaware Basin operator, for $2.5 billion in a cash-cum-stock deal. As per the terms of the transaction, WPX Energy will pay $900 million in cash
Blackstone-led Group Signs Deal to Takeover Tallgrass Energy
December 19, 2019
US midstream company Tallgrass Energy (TGE) has accepted a sweetened takeover offer of $22.45 per share from Blackstone Infrastructure Partners and other investors. In this connection, the Kansas-based pipeline operator has signed a definitive merger agreement with affiliates of Blackstone
Weatherford Emerges from Chapter 11
December 19, 2019
Weatherford International has completed its financial restructuring and emerged from chapter 11 protection. The company emerges with a stronger financial foundation, having reduced approximately $6.2 billion of outstanding funded debt, secured $2.6 billion in exit financing facilities, including a $450
Petrofac to Acquire W&W Energy Services
December 18, 2019
Petrofac Limited has signed a sale and purchase agreement with the shareholders of W&W Energy Services to acquire an entry-level position in the U.S. onshore operations and maintenance market. W&W offers maintenance, repair, and overhaul and pipeline tie-in services in
BKV Oil & Gas to Acquire Devon’s Barnett Shale Assets for $770 Million
December 18, 2019
Devon Energy Corp. has entered into a definitive agreement to sell its assets in the Barnett Shale to Banpu Kalnin Ventures (BKV) for $770 million. “Devon’s transformation to a U.S. oil growth business is now complete. The timely and tax-efficient
LLR Partners Acquires a Majority Stake in Geoforce
December 18, 2019
Geoforce, a leading provider of global traceability and Track and Trace solutions for field equipment and vehicles, said that LLR Partners has acquired a majority stake and made a growth capital investment in the business. Geoforce offers a cloud-based software
Genesis Energy Signs New Deepwater Gulf of Mexico Transportation Agreements
December 18, 2019
Genesis Energy has entered into agreements with Murphy Exploration & Production Company, a subsidiary of Murphy Oil Corporation, and other interest owners, to provide downstream transportation services for 100 percent of the crude oil and natural gas production associated with
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