Search Results for BP plc (Corporate Dealmaker)

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14 result(s) displayed (1 - 14 of 14):

BP's oil discovery and dealmaking (from Corporate Dealmaker)

In the Gulf of Mexico, BP plc (NYSE:BP) claims it has found a reserve of about 4 billion to 6 billion barrels of oil equivalent. If that's true, offshore services requirements will be great and deals such as the ones we're seeing in Brazil will be commonplace.Besides oil companies such...

Posted on September 3, 2009 10:50 AM

Sinking natural gas prices could fuel distress (from Corporate Dealmaker)

Watch for more distressed asset sales in the oil patch -- or, should we say, the natural gas patch. On the back of less demand and more production, natural gas prices slipped under $3 per thousand cubic feet on Thursday,, down from $13 last summer and their lowest close in...

Posted on August 21, 2009 2:23 PM

BP ups its stake in biofuel (from Corporate Dealmaker)

BP plc (NYSE:BP) has signed a joint development agreement with Martek Biosciences Corp. (NASDAQ:MATK) to produce microbial oils for biofuels applications. The companies will work to develop new technologies that convert sugars into biodiesel. BP will contribute $10 million and will own all intellectual property developed through the agreement. Martek --...

Posted on August 13, 2009 9:30 AM

BP's convenience-store story (from Corporate Dealmaker)

Should oil giants run convenience stores? Some say no. Exxon Mobil Corp. (NYSE:XOM) and ConocoPhillips Co. (NYSE:COP) have sold their thousands of shops and exited the business. And a few say yes. A year ago, when last we looked at the topic, Chevron Corp.'s (NYSE:CVX) ExtraMile Convenience Stores were ranked...

Posted on July 9, 2009 9:40 AM

BP taps Ericsson's Carl-Henric Svanberg (from Corporate Dealmaker)

Surprising onlookers, and what The Associated Press calls a move that caught the financial district off guard, BP plc (NYSE:BP) named Sony Ericsson's Carl-Henric Svanberg (pictured) as its chairman. BP has been looking for a new one for about two years now.Former Rio Tinto plc (NYSE:RTP) chairman Paul Skinner was...

Posted on June 25, 2009 12:58 PM

New ConocoPhillips deal strategy: Don't do 'em (from Corporate Dealmaker)

ConocoPhillips' M&A hopes have gone down with oil prices. After reporting a fourth-quarter net loss of $31.8 billion (mainly reflecting goodwill impairment on some assets) the American oil major is playing it safe. "There is nothing in the $12.5 billion [2009 capital spending] program for acquisitions. We will live within...

Posted on January 29, 2009 3:17 PM

Falling oil prices pressure recent energy deals (from Corporate Dealmaker)

Oil prices sat well above $100 per barrel for months, prompting a skein of deals based on higher (though not necessarily peak) prices. In July The Deal's Claire Poole pointed to several such deals. "I don't see the price of oil sinking below $100, except for a depression," Michael...

Posted on October 16, 2008 1:20 PM

Brazil's massive oil discovery 'a gift from God' (from Corporate Dealmaker)

That's what Brazilian President Luiz Inacio Lula da Silva said about the discovery of 50 billion to 80 billion barrels of light crude miles under the Atlantic. The massive oil reserves -- which could ultimately be worth as much as $5 trillion, the AP reported -- could turn Brazil...

Posted on October 10, 2008 12:11 PM

BP acquires more oil- and gas-rich property as land grab continues (from Corporate Dealmaker)

BP plc is teaming on a deal with Chesapeake Energy Corp. for the second time in recent weeks. The companies announced a joint venture on Tuesday in which BP will pay $1.9 billion to gain a 25% stake in Chesapeake's Fayetteville Shales assets in Arkansas. A month ago, BP picked...

Posted on September 2, 2008 8:59 AM

BP deal calls attention to biofuel investments (from Corporate Dealmaker)

BP plc's latest deal -- a $90 million investment in U.S. biofuels producer Verenium Corp. -- prompted us to do a sector watch. First, CD should note Democratic presidential nominee Barack Obama set a 60 billion-gallon target within 22 years for advanced biofuels, including cellulosic ethanol in his energy plan....

Posted on August 7, 2008 8:55 AM

BP to Russian JV partners: No sale (from Corporate Dealmaker)

The battle for Russia's third largest oil producer, TNK-BP, continues. Russian partners Len Blavatnik, Mikhail Fridman, German Khan and Victor Vekselberg said Tuesday they want to buy out BP plc's 50% stake. Why? "The fundamental issue is...

Posted on July 15, 2008 12:01 PM

On eve of Exxon vote, a look at other big oil alt energy investments (from Corporate Dealmaker)

Should ExxonMobil Corp. separate its chairman and CEO positions and invest more in alternative energy projects? These questions will come to a vote at the company's shareholder meeting tomorrow. Members of the Rockefeller family, plus 19 institutional investors -- including some of ExxonMobil's largest share owners, with more than $740...

Posted on May 27, 2008 8:45 AM

Brazilian JV takes BP upstream in ethanol (from Corporate Dealmaker)

BP plc said it would pay around 100 million reais ($59.8 million) for a 50% stake in Tropical BioEnergia SA, a joint venture established by Brazilian companies Santelisa Vale and Maeda Group. The Brazilian firms would each own 25% of the JV, which will focus on sugarcane production and the...

Posted on April 30, 2008 2:38 PM

Trend Tracker: Nov.-Dec. 2005 (from Corporate Dealmaker)

Big oil is posting record profits, leading companies are on the regulatory hot seat in Washington, high demand is raising questions about the adequacy of future supply and the political climate in many oil-rich countries ranges from uncertain to threatening. It's business as usual in the energy industry, where...

Posted on December 15, 2005 5:07 PM