9 result(s) displayed (1 - 9 of 9):

Brazil oil discovery drives collateral M&A (from Corporate Dealmaker)

Brazil's massive oil discovery isn't just spurring deals for offshore oil companies. For $174 million, Bristow Group Inc. (NYSE:BRS) is acquiring 42.5% of Lider Aviacao Holding SA, Brazil's largest provider of helicopter and executive aviation services.Bristow, with its major operations in the U.S. Gulf of Mexico and the North Sea,...

Posted on May 27, 2009 9:36 AM

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

Will Iraq's plea for oil investment spur new ventures? (from Corporate Dealmaker)

With oil dropping over $100 per barrel this year to under $41 a barrel (a four-year low), Iraq's oil minister is looking for foreign investment to utilize untapped oil reserves. At a conference in Baghdad, the oil minister said tens of billions of dollars of investments were needed. While there...

Posted on December 5, 2008 5:03 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 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

Shell to pay $6B for Canadian 'tight gas' (from Corporate Dealmaker)

Royal Dutch Shell plc is shelling out $5.2 billion for Duvernay Oil Corp. and also assuming about $700 million in debt. Shell is paying a high premium -- 36% above the average share price over the last 30 days -- for access to Duvernay's "tight gas" reserves in Canada....

Posted on July 14, 2008 3:52 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

Strategic conundrum for big oil, and for the rest of us too (from Corporate Dealmaker)

Royal Dutch Shell plc is taking flack from environmentalists for its decision, announced last Thursday, to pull out of the $4 billion London Array project, which would be the world's biggest wind farm if built. This came in the same week that Exxon Mobil Corp. announced nearly $11 billion in...

Posted on May 5, 2008 8:45 AM