Mergers And Acquisitions News

 

Halliburton raising billions for Baker Hughes merger

Nov 06, 2015

US services giant Halliburton is offering five tranches of senior notes for a total of US$7.5 billion, to use the cash to fund a portion of the pending $34.6 billion Baker Hughes mega merger. Image from Baker Hughes…

Australia delays BG, Shell merger decision

Oct 22, 2015

The Australian Competition & Consumer Commission (ACCC) has pushed back its deadline to make a decision on Shell’s US$70 billion bid for BG Group. The ACCC says the deadline, initially set to September 17, before being delayed until November 12…

Eurasia in private merger proposal

Oct 08, 2015

Less than a month after oil services giant Schlumberger dropped its merger deal with Eurasia Drilling Co. (EDC), the Russian company announced that it received another potential merger offer that could send Eurasia to the private sector. Image…

Halliburton, Baker Hughes to sell more businesses

Sep 28, 2015

The pending Halliburton and Baker Hughes mega merger will result in additional divestures of businesses for the approval of the US$34.6 billion deal, which is also under a three-week delay with the Antitrust Division of the US Department of Justice (DOJ)…

Schlumberger axes Eurasia acquisition

Sep 24, 2015

Oil services giant Schlumberger is pulling the plug on its proposed US$1.7 billion acquisition of Russian drilling contractor Eurasia Drilling Co. (EDC) to focus on other merger and acquisition (M&A) opportunities.  The…

Shell, BG merger hit by Aussie delay

Sep 17, 2015

The US$70 billion Shell and BG Group merger is being delayed until November 2015 by the Australian Competition and Consumer Commission (ACCC) after a warning that the billion dollar takeover could increase Australian gas prices, plus limit domestic gas supplies…

Accenture to buy Schlumberger unit

Aug 18, 2015

Global management consultancy and services firm Accenture has agreed to acquire Schlumberger Business Consulting (SBC), Schlumberger's management consulting unit. Accenture says the acquisition will expand its capabilities in helping…

Halliburton, Baker Hughes merger under investigation

Aug 03, 2015

The US Department of Justice (DOJ) and the European Commission are digging deeper into Halliburton’s US$34 billion proposed acquisition of Baker Hughes by requesting additional information in discrete areas. Image from Baker Hughes…

GlobalData: global upstream activity falls

Jul 29, 2015

Global upstream oil and gas deal activity, including capital markets and mergers and acquisitions (M&A), totaled US$19.3 billion from 125 transactions in June 2015, marking a $4.3 billion decrease in value from the $23.6 billion across 119 deals posted in May 2015…

Offshore oil and gas M&A activity falls

Jul 21, 2015

While at first the oil price seemed to spur a rash of big M&A deals in 2014 and early 2015, analysts at GlobalData and IHS say the market could slow if the oil price doesn’t increase. Jeannie Stell reports. Image from Baker Hughes…

Halliburton seeing red

Jul 20, 2015

Halliburton’s 2Q 2015 results have the company in the red, with a 16% drop in its total revenue, compared to 1Q 2015, that the company says is due to the industry’s recent downturn. Image from Halliburton…

Halliburton, Baker Hughes merger gets DOJ extension

Jul 10, 2015

The Halliburton and Baker Hughes US$34.6 billion proposed merger is getting an extension of about 90-days after the two oil giants entered into a timing agreement with the Antitrust Division of the US Department of Justice (DOJ) for its review…

Siemens, Dresser-Rand merger approved

Jun 29, 2015

The European Commission has cleared the proposed US$7.6 billion merger between Dresser-Rand and Siemens, the Houston-based equipment supplier announced on 29 June. All of the conditions precedent regarding regulatory matters have now been satisfied…

GlobalData analyzes May upstream activity

Jun 17, 2015

Upstream oil and gas deals activity, including capital markets and mergers and acquisitions, totaled US$23.5 billion from 114 transactions in May 2015, an almost $75 billion drop in value from the $98.4 billion achieved across 111 deals in April 2015…

Shell, BG merger clears US regulatory hurdle

Jun 16, 2015

Shell has cleared its first hurdle in order to progress its takeover of BG Group, the supermajor announced on 16 June. Shell received an early termination of the US antitrust waiting period from the US Federal Trade Commission. The company…

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