Sunday, May 18, 2025

M&A Deal Value Down 23.8% in Oil and Gas, Up 55.1% in Overall U.S. M&A

Lower commodity prices reduce size and volume of energy M&A in 2015 Lower prices for crude oil and natural gas reduced the average deal size and the volume of mergers and acquisitions in the oil and gas industry in 2015. According to a report from Ernst & Young, there were 382 U.S. oil and gas deals in 2015, down 23.8%

Congress Punts Budget till Wed., Crude Exports in the Mix

From Business Journals Members of Congress are like college students who put off writing their term papers and then ask their professor for an extension: Faced with a Friday deadline for funding the federal government, Congress simply gave itself more time. The new deadline for avoiding a government shutdown is Wednesday. By a voice vote Friday, the House followed the

Encana Focuses 2016 Capital Program on Core Four Assets; Targets Margin Growth and Quality Corporate Returns

Encana released a highly disciplined 2016 capital program today which directs 95 percent of its total $1.5 billion to $1.7 billion planned investment to its core four assets. The company will continue to capture sustainable cost efficiencies and maintain operational momentum in its core four assets to grow high margin production, generate quality corporate returns and position the company for

Shell updates on its intentions for the combined Shell-BG group

In advance of completion of its recommended combination with BG Group, Shell today announced further details of the proposed operational and administrative restructuring under consideration. Shell expects the restructuring will be required to achieve the expected benefits of the recommended combination, including previously disclosed and reported-on pre-tax synergies of $3.5 billion (subject to the bases of belief, principal assumptions and