2015, September, 29, 20:50:00MERGER $37.7 BLN
Energy Transfer Equity LP (ETE), Dallas, and Williams Cos. Inc., Tulsa, have agreed to merge in a deal valued at $37.7 billion, including the assumption of debt and other liabilities. Williams previously rejected an unsolicited all-equity acquisition proposal by ETE valued at $53.1 billion
2015, September, 29, 20:45:00THE NEW RUSSIAN EMPIRE - 7
The offers, which were submitted in July, nevertheless fell far short of LetterOne's target price of up to $1.2 billion, with the highest offers coming in at around $750 million, according to several sources close to the process.
2015, September, 29, 20:40:00GLENCORE IS DROWNING
Glencore has more than $10bn in short-term credit and has just raised a little under $2.5bn through an equity placing. Even at current commodity prices, it believes it can produce $3bn in free cash flow a year.
2015, September, 27, 20:00:00CHINA & RUSSIA PROGRESSION
China’s $40 billion Silk Road Fund said it would finance part of the project, a development Total CEO Patrick Pouyanné called “a clear commitment by China” in an interview Wednesday. The price paid for Silk Road’s 9.9% stake in Yamal wasn’t disclosed.
2015, September, 27, 19:55:002Q 2015: WORLD KEY FINANCIAL POINTS
Third-quarter 2015 results could show continued declines in profits, cash flow, and capital expenditure if crude oil prices continue to decline.
2015, September, 27, 19:50:00NEW GAZPROM'S STRATEGY
Gazprom's new strategy appears to focus on flexibility in supply routes, markets and possibly even pricing; on dealing with the European energy market as a whole instead of piecemeal; and on leaving natural gas on Europe's doorstep to be transported to market through internal European pipelines.
2015, September, 27, 19:45:00U.S. RIGS DOWN 4
U.S. Rig Count is down 4 rigs from last week to 838, with oil rigs down 4 to 640, gas rigs down 1 to 197, and miscellaneous rigs up 1 to 1.
2015, September, 27, 19:40:00SCHLUMBERGER PROVIDES UPDATE
Schlumberger Limited announced that it does not intend to extend the pending agreement to acquire a minority equity interest in Eurasia Drilling Company Limited, once the current extension expires on September 30, 2015. The Company will instead focus on other M&A opportunities.
2015, September, 27, 19:35:00HALLIBURTON CUTS 2,000 JOBS
Halliburton Co., the world’s second-largest oilfield services provider, has cut 2,000 more jobs, mostly in North America, the region hardest hit by the crude collapse.
2015, September, 24, 19:00:00US LOSING EUROPE
Changing dynamics in the global LNG market hint at a stronger role of European markets, and a decreased interest of American players given a minimal growth of the global markets, which are expected to increase 'only' between 2.1 and 2.5% in 2015.