London

Hicks, Muse, Tate & Furst Inc., a mega-investment firm based in Dallas and London, has announced the signing of a definitive agreement to acquire Regency Gas Services LLC. of Dallas in a transaction valued at $405 million, more than double the cost of Regency’s major assets that were acquired in the last year and a half, mainly from El Paso Energy and Duke Energy.

Hicks, Muse, Tate & Furst Inc., a mega-investment firm based in Dallas and London, has announced the signing of a definitive agreement to acquire Regency Gas Services LLC. of Dallas in a transaction valued at $405 million, more than double the cost of Regency’s major assets that were acquired in the last year and a half, mainly from El Paso Energy and Duke Energy.

London-based BP plc Tuesday reported that net income nearly doubled in the third quarter on the back of soaring commodity prices. However, the major warned that its capital spending budget is taking a hit from higher oil field service costs and a weaker dollar, which may put a damper on spending in the next year.

London-based BP plc Tuesday reported that net income nearly doubled in the third quarter on the back of soaring commodity prices. However, the major warned that its capital spending budget is taking a hit from higher oil field service costs and a weaker dollar, which may put a damper on spending in the next year.

London-based BP plc Tuesday reported that net income nearly doubled in the third quarter on the back of soaring commodity prices. However, the major warned that its capital spending budget is taking a hit from higher oil field service costs and a weaker dollar, which may put a damper on spending in the next year.

London-based Royal Dutch/Shell Group last week agreed to pay $151 million in fines to resolve investigations by the Securities and Exchange Commission (SEC) and British regulators into the company’s oil and natural gas reserves miscalculations. However, an attorney representing two large shareholder groups that are suing the company over the reserves issue said the news was “disappointing.”

London-based Royal Dutch/Shell Group has agreed to pay $151 million in fines to resolve investigations by the Securities and Exchange Commission (SEC) and British regulators into the company’s oil and natural gas reserves miscalculations.

London-based BP plc last week said that its estimated oil and gas reserves will not show any material changes when recalculated for submission to the Securities and Exchange Commission (SEC) later this month. However, BP said that the reserves numbers, filed with UK regulators, might differ “somewhat” when they are restated in the SEC filing.

London-based BP plc on Monday said that its estimated oil and gas reserves will not show any material changes when recalculated for submission to the Securities and Exchange Commission (SEC) later this month. However, BP said that the reserves numbers, filed with UK regulators, might differ “somewhat” when they are restated in the SEC filing.