How Trade Issues Impact Energy Deals
Three experts discuss how the implications of the USMCA and other trade policy developments will affect deals and investments as well as litigation and international arbitration.
Weir Reportedly Launches Sale Of Flow Control Business
British engineer Weir launched the sale of its flow control business expected to generate more than 300 million pounds (US$389 million), Reuters reported citing two unnamed sources.
Weatherford Exits Laboratory Services Business In $250 Million Sale
CSL Capital partnered with the Carlyle Energy Mezzanine Opportunities Fund II LP to acquire Weatherford’s laboratory and geological analysis business.
HEADLINES: Range Resources’ Marcellus Sale; Nine Energy, Magnum Oil Tools Merger
Plus, Interior Secretary Ryan Zinke hints some states will be exempt from offshore drilling expansion and Shell’s Groundbirch shale gas project gets greener.
Shell Bets On Shale For Flexibility In Energy Transition
Head of Shell’s U.S. business, Gretchen Watkins, says oil and gas output from shale reserves will act as ‘balance’ for deepwater projects.
Canada's MEG Rejects Husky Energy Buyout Offer
Canada's MEG Energy rejected Husky Energy's offer to buy the oil and gas producer, saying the proposal undervalued the company.
Canada’s Enbridge To Resume Operations In 30-Inch Gas Line In British Columbia
Canada’s Enbridge Inc. said on Oct. 10 it had approval to restart operations on a 30-inch natural gas pipeline in northern British Columbia, after a fire in an adjacent line led to disruptions for refineries in the U.S. state of Washington.
Precision Drilling Trumps Ensign Bid For Peer Trinidad
The merger with Trinidad Drilling will position Precision as the third-largest driller in the U.S. with a rig fleet that includes over 200 active rigs and 322 total rigs, the companies said.
HEADLINES: Canada's LNG Outlook Gets Boost; Exxon Mobil Reportedly Shopping GoM Assets
Canada's energy industry got a boost this week from an LNG project FID. Plus Encana exits the San Juan Basin, Husky makes a play for MEG Energy and reports that Exxon Mobil is exploring the sale of its Gulf of Mexico assets.
Canada Won’t Appeal Ruling That Overturned Pipeline
Government will pursue more consultations with aboriginal groups unhappy with the plan.