Global transaction deal value down 26% from Fourth Quarter 2011 PLS Inc. ("PLS") in conjunction with its international partner, Derrick Petroleum Services ("Derrick"), reports that global M&A activity for the First Quarter 2012 slowed to $35.
Energy
CNPC opens West-East gas pipe to private investment
State-owned China National Petroleum Corp (CNPC) has for the first time accepted outside investment in its gas business in response to government calls to open energy and other infrastructure projects to private investors.
Concho Resources to buy Riverstone assets for $1 billion
Concho Resources Inc (CXO.N) said it would buy all of the oil and natural gas assets of Three Rivers Operating Company LLC, a portfolio company of private equity firm Riverstone Holdings LLC, for $1 billion in cash.
CAVU Resources, Inc. Acquires 40% Of CAVU Global Energy, LLC With Over $200 Million In Contributed Assets
CAVU Resources, Inc. has closed on a joint venture agreement and has acquired 40% of the newly formed company called CAVU Global Energy, LLC, ("CAVU Global").
CBD Energy Secures US$25 Million Line of Credit
Sufficient for CBD to generate A$35 million in revenue per quarter developing European solar projects
Latest News
Here is a look at the ups and downs of Petroplus as Vitol, the world's largest oil trader, teamed up with Marcel Van Poecke, Petroplus's co-founder, to buy the insolvent refiner's Swiss plant.
Radiator Labs was named the top winner of the MIT Clean Energy Prize for a radiator retrofit design that increases the energy efficiency of steam heating systems.
Osage Exploration and Development, Inc., has financed the drilling of its Nemaha Ridge Horizontal Mississippian project .
Proserv is bolstering its rapidly-expanding subsea capabilities and specialist integrated services and increasing its workforce by more than 300 people.
Watsco, Inc. has completed the acquisition of 60% of Carrier’s heating, ventilation and air conditioning (HVAC) distribution network in Canada.
Williams Partners L.P. has completed its previously announced acquisition of Caiman Energy’s wholly owned subsidiary, Caiman Eastern Midstream, LLC.
Delta Air Lines is expected to buy a Pennsylvania oil refinery. With the deal to buy ConocoPhillips' Trainer, Pennsylvania, refinery expected to be confirmed imminently, some say that Delta, the country's No. 2 carrier, could have the last laugh.
Pipeline operator Energy Transfer Partners LP said it will buy Sunoco Inc for $5.3 billion in stock and cash.
The Halifax Group, a private equity firm that partners with management to invest in growing entrepreneurial companies, announced today that it has sold PolyPipe Holdings, Inc. (“PolyPipe”) to Dura-Line Holdings, Inc. Terms of the sale were not disclosed.
