Shares of Baker Hughes (NYSE:BHI) fell more than 7% at one point on October 31st after news broke from the company that it would be merging its operations with the Oil & Gas segment of General Electric (NYSE:GE), an announcement that left shares of the latter virtually unchanged. In what follows, I will look at this deal and give my thoughts on what it should mean for investors moving forward....More>>>
Investment company Centenus Global Management, LP buys Duke Energy Corp, DTE Energy Co, Ameren Corp, American Electric Power Co Inc, Xcel Energy Inc, OGE Energy Corp, Pioneer Natural Resources Co, Marathon Oil Corp, Edison International, Oasis Petroleum Inc, sells Exelon Corp, Patterson-UTI Energy Inc, Jack In The Box Inc, US Foods Holding Corp, CenterPoint Energy Inc during the 3-months ended 2018-03-31,....More>>>
Ivan Monteiro has been named to head Brazilian state-controlled oil company Petrobras on an interim basis, replacing Chief Executive Officer Pedro Parente who resigned Friday.
Monteiro, who has been chief financial officer since 2015, was given the interim job during a board meeting that came just hours after Parente stepped down following intense criticism during a trucker strike that crippled....More>>>
Two upstart Mexican drillers have signed the first farm-out deal in Mexico’s oil sector that doesn’t include state company Petroleos Mexicanos.
Jaguar Exploracion y Produccion agreed to sell a 50 percent stake of three onshore areas in Tabasco and Veracruz to Vista Oil & Gas for $37.5 million, plus contingency payments if oil prices rise above $65 a barrel in the next two....More>>>
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General Electric Co. is under investigation by U.S. regulators after taking a larger-than-expected charge in its finance division, dealing a new black eye to a company once enshrined as an icon of American business.
The Securities and Exchange Commission....More>>>