Unconventional resource assets drove deal-making activity in the first quarter of 2012 with North America accounting for 78% of all transactions. For all of 2011, 48% of all upstream M&A spending was in the US and Canada.
Toronto-based Scotiabank said April 18 that it has closed the acquisition by Scotia Capital Inc. of Howard Weil Incorporated, a privately held, US energy investment boutique with major offices in New Orleans and Houston. Terms of the transaction were not disclosed.
The value of deals announced in the global oil and gas industry reached $33 billion during the first quarter of 2012, according to Eoin Coyne of London-based Evaluate Energy, which tracks worldwide mergers and acquisitions.
Should we convert LNG import terminals to export terminals? With conversion costs up to $8 billion per terminal, we need to consider the long-term prospects for the export market first.
Larry Hickey offers a primer on the wide range of hedging choices available to producers.
Three out of four wells drilled in the Marcellus today are natural gas wells, and gas prices have hit rock bottom. This does not make for good economics.
On April 23, Standard & Poor's Ratings Services revised its outlook on the Republic of Argentina from "stable" to "negative."
The early innovators of the social networking world who revolutionized the way we interact have made fortunes.
Domestically, deal activity and valuations remain at healthy levels as buyers continue to execute on their strategic game plans and sellers adjust their portfolios toward optimal levels.
Revenues in the fourth quarter of 2011 fell 6% from the previous quarter but increased by 12% over the same quarter in 2010 for the group of publicly-traded, US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal.
Thanks to a million dollar match from Oklahoma City-based Chesapeake Energy, the largest matching gift challenge in the history of the Regional Food Bank of Oklahoma, and an additional national match opportunity from the Bank of America Charitable Foundation, nearly $3.8 million was raised in December and January to fight hunger in Oklahoma.