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Merger

Hess Corporation announced that it has entered into an agreement to sell its joint venture interests in the Utica shale play in eastern Ohio to Ascent Resources – Utica, LLC. more

M&A/Investment

As of this spring, Industrial Blind Solutions (IBS) is now a part of United Rentals, a move that expands its North American distribution network over a hundredfold. more

M&A/Investment

AltaGas Ltd. announced that it has entered into a definitive agreement to indirectly sell 35 percent of its interest in the Northwest British Columbia Hydro Electric facilities for $922 million. more

M&A/Investment

Paramount Resources Ltd. announced it has entered into a purchase and sale agreement with Strath Resources Ltd. (“Strath”) pursuant to which Strath will acquire Paramount’s oil and gas properties and related infrastructure. more

M&A/Investment

McDermott International, Inc. and CB&I announced both companies have received the necessary stockholder approvals to complete the proposed business combination. more

M&A/Investment

Marathon Petroleum Corp. and Andeavor announced that they have entered into a definitive merger agreement under which MPC will acquire all of ANDV’s outstanding shares. more

M&A/Investment

Shell has signed an agreement to sell its downstream business in Argentina to Raízen for $0.95 billion in cash. more

M&A/Investment

McDermott International, Inc. and CB&I announced that, following the closing of the combination, the combined company intends to retain the name McDermott. more

M&A/Investment

Matholding Group is strengthening its market position in water control and handling solutions through the acquisition of 51 percent of the shares in U.S.‐based OCV Control Valves LLC. more

M&A/Investment

French oil major Total said it will buy a majority stake in electricity retailer Direct Energie in a 1.4 billion euro ($1.73 billion) deal. more

M&A/Investment

The acquisition includes production plants in Baton Rouge, LA and Yeosu, South Korea; R&D and pilot plant capabilities; and an extensive portfolio of intellectual property. more

M&A/Investment

A combined value of $21.1bn in mergers and acquisitions (M&A) were announced in the downstream sector in H2 2017, according to GlobalData, a leading data and analytics company. more

Refining/Petrochemical

LyondellBasell Industries NV will buy smaller rival A. Schulman Inc (SHLM.O) for $1.24 billion, doubling the size of its business that supplies plastic compounds to the packaging, electronics and building markets. more

Refining/Petrochemical

The acquisition is expected to close in the first quarter of 2018. more

Maintenance & Reliability

GE sells to SUEZ; United Rentals acquires Neff Corp.; American Industrial Providers acquires Brock Group; ExxonMobil acquires Permian Basin terminal; BP to sell Pinnacle Midstream; New Jersey Resources acquires pipeline; LINN Energy to sell... more

M&A/Investment

Talos Energy LLC and Stone Energy Corporation announced that their Boards of Directors have unanimously approved the combination of Talos and Stone in an all-stock transaction. more

Upstream

“Morgan Stanley Energy Partners always seeks to partner with leaders in the field, and Rick and the Durango team exemplify best in class management. We look forward to shared success in the years to come.” more

Midstream

Total signed an agreement with Engie to acquire its portfolio of upstream liquefied natural gas (LNG) assets for an overall enterprise value of $1.49 billion. more

Midstream

Calgon Carbon Corp. and Kuraray Co. Ltd. have unanimously approved and entered into a definitive merger agreement under which Kuraray will acquire Calgon Carbon. more

Supplier News

ABB announced the acquisition of GE Industrial Solutions, GE’s global electrification solutions business. GE Industrial Solutions has customer relationships in more than 100 countries & an established base with strong roots in North America. more

M&A/Investment

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