Image - Encana Announces Transformative Acquisition of Athlon Energy

Encana Announces Transformative Acquisition of Athlon Energy

Encana and Athlon Energy today jointly announced that the two companies have entered into a definitive merger agreement for Encana to acquire all of the issued and outstanding shares of common stock of Texas-based Athlon by means of an all-cash tender offer (the "Offer") for US$5.93 billion (US$58.50 per share), as well as Encana assuming Athlon's US$1.15 billion of senior notes, for a total transaction value of approximately US$7.1 billion. The ...

Oil and Gas - Sep 29, 2014


Image - Alfa Laval Wins SEK 120 Million Offshore Pumping Systems Order in Canada

Alfa Laval Wins SEK 120 Million Offshore Pumping Systems Order in Canada

Alfa Laval – a world leader in heat transfer, centrifugal separation and fluid handling – has won an order to supply Framo water pumping systems to an oil drilling platform that will be located in the Atlantic Ocean off the Canadian coast. The order, booked in the Marine & Offshore Pumping Systems segment, has a value of approximately SEK 120 million and delivery is scheduled for 2015. The order consists of water pumping systems for an offshor...

Oil and Gas - Sep 29, 2014


Image - Rosneft Says Arctic Well Drilled With Exxon Struck Oil

Rosneft Says Arctic Well Drilled With Exxon Struck Oil

Russia's state-owned Rosneft said Saturday it had found oil in the Kara Sea off the north coast of Siberia in a joint drilling project with US oil giant ExxonMobil. The announcement comes after the US targeted Rosneft, Russia's largest oil company, and its chief Igor Sechin with sanctions over Moscow's role in the Ukraine conflict. "Oil has been discovered" in the University-1 well, Russia's northernmost, Rosn...

Oil and Gas - Sep 27, 2014