Aubrey McClendon owned about 20 percent of Oklahoma City Thunder By Jessica DiNapoli NEW YORK (Reuters) – This weekend, the Oklahoma City Thunder stands one game away from clinching a surprising spot in the NBA finals. But away from the roar of fans and the glare of cameras, another battle involving the basketball team is brewing […]
Oklahoma City Thunder targeted by Aubrey McClendon’s creditors Read More »
DALLAS, Texas – Energy Transfer Equity, L.P. says it has filed its Affirmative Defenses and Counterclaim in the lawsuit brought by The Williams Companies, Inc. over tax issues that threaten their $20 billion merger. The trial is scheduled to begin on June 20 in Delaware. The companies also set a shareholder vote on the deal for June 27, according to a
Pipeline wars: Energy Transfer Equity countersues in nasty legal spat with Williams Read More »
Sabine Oil & Gas, Samson Resources face showdowns over bankruptcy exit plans By Tom Hals WILMINGTON, Del., May 26 (Reuters) – Sabine Oil & Gas Corp and Samson Resources Corp, energy producers with a combined debt of nearly $8 billion, are facing showdowns over plans to exit bankruptcy as junior creditors are demanding larger repayments.
Fights over value dog U.S. energy producers’ bankruptcy plans Read More »
Sheffield helped establish Pioneer as leading producer of onshore unconventional oil/gas resources US shale oil producer Pioneer Natural Resources Co. says that CEO Scott Sheffield will retire at the end of the year and be replaced by Tim Dove, the company’s COO. The retirement draws to a close one of the longest-tenured positions in the oil industry. Sheffield joined Pioneer‘s predecessor company,
Pioneer Natural Resources CEO Scott D. Sheffield to retire Read More »
Breitburn says there is no assurance that its securities will continue to trade on OTC Pink Sheets LOS ANGELES, Calif. – Breitburn Energy Partners LP announced that it has been suspended by NASDAQ as of Wednesday and its securities are expected to begin trading on the OTC Pink Sheets under the symbol “BBEPQ” for its common units and “BBEPP” for
Breitburn Energy kicked off Nasdaq, to begin trading on OTC market Read More »
Royal London Asset Management ‘disappointed’ with Shell CEO bonus By Ron Bousso THE HAGUE, May 24 (Reuters) – Investor discontent with Royal Dutch Shell over multi-million euro pay packages for its top executives rose sharply at this year’s annual shareholder meeting on Tuesday. Although Shell’s shareholders approved the oil and gas group’s remuneration report,
Shell faces rising investor discontent over executive pay Read More »
French oil strikes over labor reforms By Bate Felix and Amanda Cooper PARIS/LONDON, May 24 (Reuters) – Strikes by French oil sector workers protesting proposed labour reforms spread to all the country’s refineries on Tuesday, sapping petrol stations dry and creating delays for tankers at major ports. France has been hit by a wave of
French oil strikes cripple refineries, disrupt shipping Read More »
Following the transaction, shareholders of MRD are expected to own approximately 31% of the outstanding shares of Range FORT WORTH, Texas – Range Resources Corporation and Memorial Resource Development Corp.(MRD) have announced a merger agreement under which Range will acquire all of the outstanding shares of common stock of MRD in an all-stock transaction valued at $4.4 billion. This
Range Resources announces merger with Memorial Resource Development Read More »
Lower energy prices driving consolidation in oil services sector PARIS, May 19 – France’s Technip announced an all-stock merger with U.S. rival FMC Technologies to create an oil services group with combined revenue of $20 billion. The transaction is expected to deliver annual pretax savings of at least $400 million as of 2019 and boost
Technip, FMC Technologies to merge in all-stock deal Read More »
Samson acquired by KKR & Co-led group in 2011, buyout valued at $7.2 billion By Tom Hals May 17 (Reuters) – Samson Resources Corp, one of the largest energy companies to file for bankruptcy in the commodity downturn, proposed a new Chapter 11 exit plan on Tuesday that would swap ownership of the natural gas
Banks own Samson Resources in new bankruptcy plan Read More »
