Provider

IHS Acquires John S. Herold Research Firm

IHS Inc., a global provider of technical information, decision-support tools and strategic services, Thursday said it had agreed to pay $48 million cash for John S. Herold Inc., a Norwalk, CT-based independent research firm founded in 1948 that provides analyses and financial and operational data on more than 400 global oil and gas companies.

August 17, 2007

Canada’s Precision Says Customer Demand for Services Still Declining

Precision Drilling Trust, Canada’s largest oilfield services provider, cut its distribution to investors Friday by 31.5% after it said customer demand for its services was continuing to decline.

May 21, 2007

GE Buying Vetco Gray for $1.9B, Grows Oil Patch Position

GE said last week it has agreed to acquire Houston-based oilfield equipment provider Vetco Gray for $1.9 billion, which would grow its oilfield services business by nearly half. The company is a subsidiary of Vetco International, which is owned by private equity firms Candover, 3i and JP Morgan Partners.

January 15, 2007

GE Buying Vetco Gray for $1.9B, Grows Oil Patch Position

GE said Monday it has agreed to acquire Houston-based oilfield equipment provider Vetco Gray for $1.9 billion, which would grow its oilfield services business by nearly half. The company is a subsidiary of Vetco International, which is owned by private equity firms Candover, 3i and JP Morgan Partners.

January 9, 2007

Nabors, First Reserve Commit $1B to New E&P

Energy services provider Nabors Industries Inc., which concentrates most of its activities in North America, and private equity firm First Reserve Corp. on Friday committed $1 billion to form NFR Energy Inc., a new exploration and production company (E&P). The 50-50 joint venture will focus on development and exploitation projects with Nabors’ existing customers and other operators worldwide.

September 25, 2006

Nabors, First Reserve Commit $1B to New E&P

Energy services provider Nabors Industries Inc., which concentrates most of its activities in North America, and private equity firm First Reserve Corp. on Friday committed $1 billion to form NFR Energy Inc., a new exploration and production company (E&P). The 50-50 joint venture will focus on development and exploitation projects with Nabors’ existing customers and other operators worldwide.

September 25, 2006

Ex-Aquila Traders Plead Guilty to Concealing False Price Reports

Three former trading desk managers for Kansas City, MO, natural gas and electricity provider Aquila Inc. pleaded guilty in federal court last Monday to concealing information about the reporting of false prices for natural gas trades to index publishers.

August 28, 2006

Ex-Aquila Traders Plead Guilty to Concealing False Price Reports

Three former trading desk managers for Kansas City, MO, natural gas and electricity provider Aquila Inc. pleaded guilty in federal court Monday to concealing information about the reporting of false prices for natural gas trades to index publishers.

August 23, 2006

El Paso Sells Permian Basin Pipe Systems to Midland Firm

FERC on Tuesday approved El Paso Natural Gas Co.’s bid to sell more than 200 miles of lateral pipelines in West Texas to a Midland, TX-based natural gas provider for an estimated $300,000. At the same time, it approved the request of the buyer, West Texas Gas Inc., to exempt the facilities from FERC jurisdiction under the Natural Gas Act.

August 2, 2006

OPEX Electronic Energy Trading Platform Goes Live

Throwing its hat into the crowded electronic energy trading arena, Briarcliff Manor, NY-based Optionable Inc., a provider of natural gas and other energy derivatives brokerage services, announced last week that it has commenced trading on its OPEX platform. OPEX is a real-time electronic trade matching and brokerage system that has been certified to connect with the Nymex ClearPort clearing platform.

July 24, 2006
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