Sugar Land company buys Furmanite in $335 million deal
Some job cuts will eventually be involved as Team expects up to $25 million in annual cost savings through the deal within two years.
View ArticleTarga Resources companies combine in $6.7 billion deal
The deal will have Targa Resource Corp. purchase the company it indirectly controls, Targa Resources Partners.
View ArticleShell carves more savings from BG Group deal, expects further job cuts
Shell has found another $1 billion in costs it could shake free after it buys BG Group, company officials said, taking on recent investor concerns about the huge acquisition it announced when crude was...
View ArticleEnerVest Ltd. to spend $1 billion on producing assets in Va., South Texas
Houston oil and gas producer EnerVest Ltd. has agreed to purchase two assets in Virginia and South Texas for $1 billion, expanding the private company's portfolio at a time when others are shrinking...
View ArticleStruggling Willbros Group names new CEO and chairman
Willbros Chairman and CEO John McNabb, 71, is stepping down Dec. 1, but remaining on the board until mid-2016.
View ArticleHalliburton to take on $7.5 billion in debt for Baker Hughes deal
Should the deal fall through, Halliburton plans to use the proceeds from the notes to pay for general corporate purposes.
View ArticleHouston-based Altivia Petrochemicals buys complex from Ohio company
Altivia would not disclose the terms of the deal.
View ArticleApache shares surge on report of interested buyer
Apache Corp. shares climbed as much as 13 percent on Monday.
View ArticleStruggling SunEdison in cost-cutting mode as it seeks profitability
SunEdison quickly grew into the world's largest renewable energy developer and is building a handful of solar and wind farms in West Texas and the Panhandle.
View ArticleAnadarko has pulled offer to buy Apache, CEO says
The CEO of Anadarko Petroleum Corp. has confirmed his company recently approached smaller rival Apache Corp.
View ArticleMarathon Petroleum offers sweetener in pending MarkWest acquisition
Marathon Petroleum Corp. has upped the cash offer by $400 million in its pending, multibillion-dollar acquisition of Denver-based MarkWest Energy Partners. Marathon was prompted to offer the cash...
View ArticleDirect Energy buys Panoramic Power energy management company
The $60 million deal will help boost Direct's offering to help businesses and industrial plants better manage and monitor their energy usage.
View ArticleMarathon ups “final offer” for MarkWest, bringing deal to $1.28 billion
The move Tuesday comes just a week after Marathon offered a separate $400 million cash sweetener to the deal that has faced some investor resistance and tumbling stock values for both Marathon's...
View ArticleBP looks to sell Alabama petrochemical complex
BP said it is focusing more on world-scale, low-cost facilities that utilize BP proprietary technology.
View ArticleGE launches new renewable energy business
The new business unit is heavily focused on wind power and turbine manufacturing.
View ArticleAir Liquide offers to buy Airgas in deal worth about $10.3 billion
The Air Liquide offer comes more than four years after Airgas fended off a lengthy takeover bid from another rival, Air Products and Chemicals Inc.
View ArticleRegulators approve Schlumberger’s bid for Cameron
The U.S. Department of Justice found that the transaction did not violate antitrust laws, and cleared the proposed merger without any conditions.
View ArticlePair of DJ Basin pipelines joining into single project
The combined pipeline will run from Colorado to the oil logistics hub in Cushing, Oklahoma more than 550 miles away.
View ArticleAir Liquide Americas CEO: $10 billion price tag for Airgas is “appropriate”
The French company just moved into its new two-building Air Liquide Center in October in Houston's Memorial City to serve as its Americas headquarters.
View ArticleJoining Piper Jaffray in $139 million sale will help Simmons & Co. tackle new...
Investment banking firm Piper Jaffray’s cash and stock offer for Simmons, announced Tuesday, would fold one of the few private, energy-centric investment banks based in Houston into a...
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