Schlumberger Limited (SLB) announced today that Schlumberger Holding Corporation (“SHC”), its wholly-owned subsidiary and the holding company for its U.S. operations, will issue five tranches of senior notes with the following maturities: 2017 (the “2017 Notes”); 2018 (the “2018 Notes”); 2020 (the “2020 Notes”); 2022 (the “2022 Notes”); and 2025 (the “2025 Notes” and together with the 2017 Notes, the
From Pew Research The American Middle Class Is Losing Ground No longer the majority and falling behind financially After more than four decades of serving as the nation’s economic majority, the American middle class is now matched in number by those in the economic tiers above and below it. In early 2015, 120.8 million adults were in middle-income households, compared with
From Reuters A potential marriage of chemicals titans Dow Chemical and DuPont would draw intense scrutiny from regulators in the United States and other countries, but Wall Street welcomed the reported merger talks, lifting shares of both companies by 12 percent Wednesday. Dow rallied to a record and DuPont was on track for its biggest daily gain in seven years as
Budget layouts and capital expenditure plans for 2016 are trickling onto the newswires, with EQT Corp. (ticker: EQT), Noble Energy (ticker: NBL) and PDC Energy (ticker: PDCE) all unveiling their plans within the week. To date, the plans are mirror images of 2015: less spending, more production. Spending for 2015 was significantly below 2014 levels. Based on EnerCom’s E&P Weekly Benchmarking
This morning, the Colorado Supreme Court heard oral arguments in two cases where cities sought reinstatement of their bans on hydraulic fracturing and certain other oil and gas related activities within their city limits. In one case, the Fort Collins, Colorado, city council had banned hydraulic fracturing in 2013. The Colorado Oil and Gas Association filed lawsuits challenging the ban
2011 treaty opens up new areas of exploration offshore Norway The Norwegian Ministry of Petroleum and Energy is expected to announce the rewards of the 23rd licensing round on the Norwegian continental shelf (NCS) late in the first half of 2016. The 23rd licensing round will include the first new acreage on the NCS offered by Norway since 1994. The
Recently enacted laws call for the sale of SPR oil to reduce the budget deficit and fund new infrastructure projects The Strategic Petroleum Reserve (SPR) is a U.S. Government complex of four sites with deep underground storage caverns created in salt domes along the Texas and Louisiana Gulf Coasts. The caverns have a design capacity of 714 million barrels and store emergency
Story by Bloomberg General Electric Co. is in advanced talks to buy the drill-bits and drilling-services divisions of Halliburton Co., which is divesting assets to win antitrust approval for its takeover of Baker Hughes Inc., according to people familiar with the matter. Selling both the drill-bits and drilling-services businesses could have fetched as much as $5 billion in total for
French oilfield services company Technip (TECF.PA) is exploring a sale and has held talks with U.S. peer FMC Technologies Inc (FTI.N) about a potential combination, according to people familiar with the matter on Wednesday. A deal would illustrate how lower energy prices are driving consolidation in the oil services sector, as companies seek savings and synergies to boost profits amid
Parsley Energy, Inc. (NYSE: PE) (“Parsley Energy” or the “Company”) today announced that it has entered into an agreement to acquire certain undeveloped acreage and producing oil and gas properties located adjacent to the Company’s existing operating areas in Upton, Reagan, and Glasscock Counties, TX for an aggregate purchase price of $148.5 million in cash (subject to customary purchase price
CALGARY, ALBERTA–(Marketwired – Dec. 9, 2015) – Talisman Energy Inc. (the “Offeror“) announced today the pricing of its previously announced tender offer (the “Offer“) to purchase for cash up to $1,524,531,000 aggregate principal amount (the “Maximum Tender Amount“) of the 5.85% Senior Notes due 2037 (CUSIP No. 87425E AJ2), 5.50% Senior Notes due 2042 (CUSIP No. 87425E AN3), 6.25% Senior
CALGARY, AB–(Marketwired – December 08, 2015) – Husky Energy (TSX: HSE) continues to build on its resilience with a focus on growing profitably and further lowering its cost structure. “Five years ago, Husky set out its balanced growth strategy, which included a deliberate decision to remain diverse, physically integrated and transition into a low sustaining capital business,” said CEO Asim
