Tag: merger
Enform and OSSA merge to create Energy Safety Canada
Services offered by Enform and OSSA will continue, business as usual Enform Canada (Enform) and Oil Sands Safety Association (OSSA), announced they completed the merger between the two safety associations, according to a press release. The new organization is called Energy Safety Canada. “The merger of these two organizations signals a new day for our […]
Pembina Pipeline, Veresen merge becoming one of largest Canadian energy infrastructure firms
All regulatory conditions have been satisfied prior to closing Pembina Pipeline Corporation announced a business combination with Veresen Inc. to create one of the largest energy infrastructure companies in Canada, according to a press release. “With increased size and scale, the combined companies create a platform in which we can pursue expanded growth opportunities while continuing to […]
Calgary-based oil rig maker TESCO Corp. sold to USA competitor Nabors Industries
Transaction values TESCO common stock at $4.62 per share Tesco Corporation announced it entered an agreement Nabors Industries Ltd. to combine with Nabors in a stock-for-stock transaction, according to a press release. TESCO shareholders will be issued 0.68 common shares of Nabors for each outstanding share of common stock of TESCO. TESCO shareholders will own approximately 10 per cent of the outstanding shares […]
Calgary’s Pembina Pipeline buys Veresen for $9.7 billion, creates $33 billion company
Acquisition expected to close late in 3rd quarter or early in 4th quarter of 2017 Pembina Pipeline Corporation and Veresen Inc. announced they entered into an agreement to create one of the largest energy infrastructure companies in Canada with a pro-forma enterprise value of approximately $33 billion, according to a press release. The cash portion of the […]
Calgary-based Trican Well Service and Canyon Technical Services merging
Combined company will be one of largest public Canadian oilfield services providers Trican Well Service Ltd. and Canyon Services Group Inc. announced in late March they have entered into an arrangement agreement where Trican has agreed to acquire all of the issued and outstanding common shares of Canyon on the basis of 1.70 common shares of […]
FTC approves Enbridge deal to buy Spectra with conditions
Enbridge, Spectra merger valued at $28 billion WASHINGTON, Feb 16 (Reuters) – Canada’s Enbridge Inc and Spectra Energy Corp have won U.S. antitrust approval for a $28 billion merger that will create the largest North American energy infrastructure company. The Federal Trade Commission said on Thursday that it would approve the deal. The merger was […]
Go big or go home: GE and Baker Hughes merge – Wood Mackenzie
Industry is undergoing shift from exploration to development and now asset optimization Just days after speculation began, GE announced its intention to merge its oil and gas business with oilfield services giant Baker Hughes, according to Wood Mackenzie. This merger will join the two companies’ complementary strengths, and GE and Baker Hughes cite an estimated […]
American Midstream merging with JP Energy creating $2 billion company
HOUSTON – American Midstream Partners, LP and JP Energy Partners LP announced a merger agreement to create a combined midstream platform, according to a press release. American Midstream will acquire 100 per cent of JP Energy in a unit-for-unit merger which is anticipated to have minimal, if any, tax recognition for the unitholders. In conjunction with the transaction, ArcLight […]
ETE officially terminates Williams merger, Williams prepared to fight
On June 20th, a Williams Cos Inc board member testified she felt pressured by her own company to support the $20 billion merger DALLAS-Energy Transfer Equity, L.P. announced termination of its merger agreement with The Williams Companies, Inc. effective June 29. This news comes as Williams announced that shareholders on June 27th voted in favour of the merger. “During […]
Williams Stockholders approve merger with ETE, launches appeal to merger ruling
If ETE terminates the merger, Williams says it will take appropriate actions to enforce its rights under the agreement and deliver benefits to their stockholders TULSA, Okla.- The Williams Companies stockholders voted to approve the previously announced merger agreement with Energy Transfer Equity, L.P. This comes on the heels of a Delaware Court ruling that would allow […]
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