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Merger

Husky Energy Inc. has made an unsolicited bid to acquire rival MEG Energy Corp in a deal valued at C$6.4 billion ($5 billion) including debt. more

M&A/Investment

BASF and LetterOne signed a definitive transaction agreement to merge their respective oil and gas businesses in a joint venture, which will operate under the name Wintershall DEA. more

M&A/Investment

United Rentals, Inc. and BlueLine Rental have entered into a definitive agreement under which United Rentals will acquire BlueLine from Platinum Equity for approximately $2.1 billion in cash. more

Lifting & Transport

Oil and gas producer Southwestern Energy Co (SWN.N) agreed to sell its Fayetteville shale assets in Arkansas to privately owned Flywheel Energy LLC in an all-cash deal valued at about $1.87 billion. more

M&A/Investment

State-owned Abu Dhabi National Oil Co (ADNOC) is in advanced talks with more than one potential buyer, including Italy’s ENI, as it prepares to sell minority stakes in its refining business. more

Refining/Petrochemical

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Gittings Photography

Nearly a year has passed since Hydrochem and PSC joined forces to consolidate services and reduce customers' contractor counts. BIC Magazine recently sat down with Bob Pfeiffer, president of HydroChemPSC's Downstream Business, to discuss the merger. more

M&A/Investment

ERIKS North America-owned companies Lewis-Goetz, EVCO House of Hose, and Valley Rubber & Gasket are rebranding as ERIKS, effective June 1. more

M&A/Investment

LINN Energy, Inc. announced that it has completed the previously announced spin-off of Riviera Resources, Inc. from LINN. more

M&A/Investment

TNT Crane & Rigging, Inc.one of the nation’s premier lifting services providers, announced today that it has merged with Allison Crane & Rigging more

M&A/Investment

Marathon Petroleum Corp. announced today the executive team that will lead the combined company upon the closing of the combination of MPC and Andeavor. more

Refining/Petrochemical

Baker Hughes, a GE company announced an agreement to sell its Natural Gas Solutions (NGS) business to two separate entities. more

M&A/Investment

Independence Contract Drilling, Inc. and Sidewinder Drilling, LLC jointly announced their entry into a definitive merger agreement pursuant to which ICD will acquire all of the outstanding equity interests in Sidewinder. more

M&A/Investment

NuStar GP Holdings, LLC and NuStar Energy L.P. have announced that the merger of NSH with a subsidiary of NS was completed today. more

M&A/Investment

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

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