mergers and acquisitions

The deal, which is subject to regulatory approvals, would mark the largest E&P merger in Europe in more than a decade. The two companies combined made $5.5 billion in revenue last year.

WPX Energy COO Clay Gaspar discusses his company’s timely transformation into a Permian player and the challenges that lie ahead in the basin.

Diamondback is slated to become the Permian’s latest pure-play giant with its pending purchases of Energen and Ajax Resources.

BP ends a year of speculation as to who will buy BHP Billiton’s much-coveted US unconventional business, transforming its Lower 48 portfolio in the process.

Executives from several service companies involved in the offshore space—including two sides of a recent hostile takeover bid—came together at OTC to discuss the virtues of collaboration and rationale behind M&A.

McDermott’s board of directors rejected an acquisition offer from Subsea 7, which called for McDermott to abandon its planned $6-billion combination with CB&I. McDermott’s special meeting of stockholders, which was scheduled earlier to address the CB&I deal, will be held on 2 May.

A pair of Permian pure-play operators are consolidating to form a regional drilling and production powerhouse.

Schlumberger and Subsea 7 want to form a joint venture that builds on their 2-year collaboration in the subsea sector.

Oil industry acquisitions appear ready to increase in 2018 and shift from survival strategies toward growth objectives, according to key business observers at global professional services firm EY.

Two old school operators and a financial change agent embody a new era for the US onshore industry. Their CEOs convened at the NAPE Global Business Conference in Houston to explain why.