U.S. regulators have given the green light to Royal Dutch Shell plc's proposed buyout of UK rival BG Group plc, clearing the way for completing the merger in early 2016 as planned.
Antitrust
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Shell Mega-Merger with BG Gains U.S. Approval
U.S. regulators have given the green light to Royal Dutch Shell plc’s proposed buyout of UK rival BG Group plc, clearing the way for completing the merger in early 2016 as planned.
Chesapeake Charged with Racketeering, Fraud for ‘Victimizing’ Michigan Landowners
Chesapeake Energy Corp. was charged Thursday by the Michigan attorney general’s office with nine counts of racketeering and fraud in connection with leasing activity four years ago.
Encana, Chesapeake Plead Not Guilty to Colluding in Michigan Lease Sales
Chesapeake Energy Corp. and Encana Corp.'s U.S. division pleaded not guilty on Wednesday to colluding in Michigan oil and gas lease sales.
Court Seeks Obama Administration View of NatGas Price Manipulation Case
The U.S. Supreme Court has asked the Solicitor General to file a brief in a case in which a lower court decision revived state law challenges regarding companies that may have fixed natural gas prices during the energy crisis in 2000-2002, an indication that the court may reconsider that decision.
Supreme Court Asked to Review Gas Price Manipulation Case
The U.S. Supreme Court is being asked to review a decision this year by the U.S. Court of Appeals for the Ninth Circuit that revived state law challenges regarding companies that may have fixed natural gas prices during the energy crisis in 2000-2002.
Linn Energy Acquiring Berry Petroleum in $4.3B Deal
Linn Energy LLC and LinnCo LLC are acquiring Berry Petroleum Co. for $4.3 billion, including debt, in a transaction said to be the first-ever acquisition of a C-corporation by an upstream limited liability company (LLC) or master limited partnership (MLP).
Kinder: Dropdowns, Divestitures Accretive in 2013
Kinder Morgan Energy Partners (KMP) expects to complete during the third quarter the sale of pipeline and gas processing assets it agreed to let go in order to win antitrust approval for Kinder Morgan Inc.’s (KMI) acquisition of El Paso Corp. Plenty of prospective buyers are sniffing around, CEO Rich Kinder told financial analysts during an earnings conference call last week.
Kinder: Dropdowns, Divestitures to Be Accretive Next Year
Kinder Morgan Energy Partners (KMP) expects to complete during the third quarter the sale of pipeline and gas processing assets it agreed to let go in order to win antitrust approval for Kinder Morgan Inc.’s (KMI) acquisition of El Paso Corp. Plenty of prospective buyers are sniffing around, CEO Rich Kinder told financial analysts during an earnings conference call Wednesday afternoon.
KMI Pipes For Sale Expected to Be Remade for Value
Among assets slated to be sold by Kinder Morgan Inc. (KMI) to win antitrust clearance for its acquisition of El Paso Energy Corp., the “only meaningful” buys are the 50% stake in the Rockies Express Pipeline (REX) and KMI’s Kinder Morgan Interstate Gas Transmission (KMIGT), an industry analyst said Friday. And it’s not because of what they are now, but what they could become.