M&A/Investment Banking

More often than not, negotiations to buy/sell a company start with a significant spread between the ask and the offer. Some of this spread is closed by negotiation but often there is an unclosable spr... more

Nov 1, 2017 6:45 PM M&A/Investment Banking Articles

DuPont and Dow Chemical Co have won U.S. antitrust approval to merge on condition that the companies sell certain crop protection products and other assets, according to a court filing on Thursday. more

Jun 16, 2017 2:11 PM M&A/Investment Banking Articles

Oilfield services giant Schlumberger has agreed to acquire Cameron for $14.8 billion, a move the former said would create a “pore-to-pipeline” products and services offering. Schlumberger CEO Paal Kib... more

Aug 26, 2015 2:49 PM M&A/Investment Banking Articles

-A New Jersey judge today approved a $225 million settlement between ExxonMobil and Gov. Chris Christie’s administration over refinery pollution. Via the Associated Press, Judge Michael Hogan said... more

Aug 25, 2015 9:25 PM M&A/Investment Banking Articles

-The Louisiana Offshore Oil Port (LOOP) will add three new aboveground oil storage tanks and 1.1 million barrels of storage capacity to its Clovelly Hub, the Associated Press reports. The project ... more

Aug 11, 2015 9:49 PM M&A/Investment Banking Articles

-Independent refiners are gearing up for a heavy turnaround season early next year, Argus reports. Industry experts said maintenance delayed by this year’s refinery strike would likely get deferred ... more

Aug 10, 2015 9:39 PM M&A/Investment Banking Articles

-Sixteen states have asked the Obama Administration to suspend its final rule on carbon emissions from power plants while they challenge it in court. Via FuelFix, the states are preparing to chall... more

Aug 6, 2015 9:54 PM M&A/Investment Banking Articles

- Phillips 66 said its new 100,000-barrel-per-day fractionator in Sweeny, Texas, is 90% complete and is set to start up this fall. The company also said its new 150,000-barrel-per-day Freeport, Tex... more

Aug 3, 2015 9:40 PM M&A/Investment Banking Articles

- ExxonMobil has assembled a group of experts to study the possible addition of a third crude distillation unit at its Beaumont, Texas, refinery, Reuters reports. It was reported in April that Ex... more

Jul 30, 2015 9:12 PM M&A/Investment Banking Articles

- Irving Oil  is said to be planning one of the  biggest turnarounds in its history  at its Saint John, New Brunswick, refinery this fall. Via CTV Atlantic, a local union spokesman said Irving Oil cou... more

Jul 28, 2015 9:28 PM M&A/Investment Banking Articles

- Total is seeking a buyer for a 50% stake in its Port Arthur, Texas, refinery. The French firm has been trying to reduce its downstream exposure in recent years. Total plans to remain as operator ... more

Jul 24, 2015 9:35 PM M&A/Investment Banking Articles

- Dow Chemical announced today it completed and commissioned a new propane dehydration (PDH) unit at its Freeport, Texas, site. Analysts believe the startup of new PDH units under construction will... more

Jul 23, 2015 9:20 PM M&A/Investment Banking Articles

-Oil and gas M&A value surged to its highest level since 2012 in the second quarter of this year, according to the Energy Information Administration. Without Shell’s $84 billion proposal to acquire ... more

Jul 22, 2015 9:03 PM M&A/Investment Banking Articles

-North-Dakota-based refinery developer Quantum Energy will form a JV with Native Son Holdings to build and operate a new refinery in Berthold, North Dakota. Quantum CEO Andrew Kacic said in a ... more

Jul 21, 2015 10:00 PM M&A/Investment Banking Articles

Enterprise Products Partners agreed to sell its offshore Gulf of Mexico pipelines and services business to Genesis Energy for $1.5 billion. Enterprise CEO Michael Creel said the proceeds from the sale... more

Jul 16, 2015 2:50 PM M&A/Investment Banking Articles

When I was kid, I did like a lot of kids do in that I typically listened to conversations I probably shouldn’t have listened to and I heeded only the advice and warnings I wanted to hear. I am sure yo... more

Jul 15, 2015 7:39 PM M&A/Investment Banking Articles

-Bloomberg Businessweek says refiners “rule the Shale Age,” enjoying strong margins while crude producers suffer in the wake of the oil price collapse. The top four performers in the S&P 500 Index s... more

Jul 13, 2015 9:33 PM M&A/Investment Banking Articles

MPLX — a midstream master limited partnership formed by Marathon Petroleum — has agreed to acquire MarkWest Energy Partners for approximately $20 billion in cash and debt. MarkWest is the nation’s sec... more

Jul 13, 2015 3:46 PM M&A/Investment Banking Articles

SUGAR LAND, Texas — Team Inc. has executed a stock purchase agreement to acquire the Qualspec Group from Clearview Capital Fund II, L.P. Qualspec is a leading provider of NDT inspection services in th... more

Jul 6, 2015 9:23 PM M&A/Investment Banking Articles

- LyondellBasell restarted the propylene oxide-styrene monomer unit at its Channelview, Texas, plant after a six-week turnaround in mid-June, Platts reports. U.S. demand for benzene improved in lat... more

Jul 2, 2015 9:47 PM M&A/Investment Banking Articles