M&A

Carlyle Targets $7B for Energy Investments

Carlyle Group plans to raise $7 billion for energy funds over the next two years, with more than half -- $4 billion -- targeting North America, executives said during an investor presentation in New York City. Read More

Linn Raises Bid for Berry by $600M

Linn Energy LLC has agreed to raise its offer for Berry Petroleum Co. by $600 million, reinvigorating the mega-deal while the partners await a decision... Read More

U.S. M&A Falls on Lack of Midstream, Mega Energy Deals

A significant drop-off in midstream merger and acquisition (M&A) activity, coupled with lackluster number of mega deals, resulted in a decline in deal values for the third quarter from a year ago, PwC US said Thursday. Read More

Sandell Pushes Harder for DCP Changes Amid Midstream Dealing

Recent deals in the midstream master limited partnership (MLP) arena have moved activist shareholder Sandell Asset Management to press harder for a new strategy for DCP Midstream LLC (DCP) that he recently proposed. Read More

Freeport-McMoRan Considering JVs, MLP to Reduce Debt

Freeport-McMoRan Copper & Gold Inc., which scooped up two significant U.S.-based oil and natural gas operators earlier this year, now is looking at a range of options to reduce some of the debt that came with the buys, including asset sales, joint ventures or even a master limited partnership (MLP), CEO Richard C. Adkerson said Tuesday. Read More

Midcontinent Assets to Be Pared in Oxy Strategic Review

As part of a strategic review aimed at forming a smaller, more profitable company, Los Angeles-based Occidental Petroleum Corp.'s (Oxy) board of directors on Friday authorized pursuit of selected asset sales, including potentially some overseas and Midcontinent assets, along with a portion of a general partner interest in Plains All American Pipeline (PAAP). Read More

NRG to Buy Bankrupt Edison Mission in $2.5B Deal

With natural gas-fired and renewable generation assets as an attraction, Princeton, NJ-based NRG Energy Inc. said Friday it has entered a $2.5 billion "planned sponsor agreement" with Edison Mission Energy (EME) and some of its subsidiaries to eventually acquire the Chapter 11-mired independent power generation company. NRG said it hopes to close the acquisition in the first quarter next year. Read More

U.S. Deals, Values Decline, Still Lead Global Activity

Apache Corp.'s rapid-fire dealmaking during the third quarter highlighted how some operators are selling off once prized operations to focus attention to North America's onshore resources. Read More

Regency, PVR In $5.6B Multi-Basin Midstream Tie-Up

Regency Energy Partners LP plans to buy PVR Partners LP in a $5.6 billion deal (including $1.8 billion of debt) to create a natural gas gathering and processing giant with a presence in Appalachia, West Texas, South Texas, the Midcontinent and North Louisiana. Read More

Icahn Takes Interest in Talisman

The billionaire activist's investment in the Calgary operator likely will lead to some changes, if history is a guide. Read More