Following a few years of operators tripping over themselves to expand U.S. oil and natural gas leaseholds, last year they were focused more on developing resources in hand rather than dealmaking, according to Deloitte Center for Energy Solutions.
Articles from M&A
Merger and acquisition (M&A) activity in the North American power and utilities industry increased in 4Q2013 compared to both 3Q2013 and 4Q2012, with several large deals based on natural gas-fired power generation facilities driving overall deal volume and value higher, according to an analysis by PwC.
Natural gas and oil engineering giant Amec plc has an offer on the table to acquire Foster Wheeler AG for $3.2 billion, a merger that would create an upstream and downstream oilfield services behemoth.
Following its plan to add utility assets, Rapid City, SD-based Black Hills Corp. said Thursday it has agreed to acquire the natural gas transmission pipeline and distribution utility assets of Anadarko Petroleum Corp.’s utility pipeline operator, MGTC Inc., in Wyoming where Black Hills has existing combination utility operations.
Continuing it’s transformation into a pure-play oil and natural gas exploration and production company, Hess Corp. has filed a Form 10 Registration Statement with the U.S. Securities and Exchange Commission (SEC) for the formation of Hess Retail Corp., a subsidiary containing convenience stores and gasoline refueling stations that the New York-based energy company said it will then seek to sell.