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M&A activity picking up in oil and gas...

Posted on 5/19/16 at 10:17 am
Posted by The Egg
Houston, TX
Member since Dec 2004
79087 posts
Posted on 5/19/16 at 10:17 am
Technip and FMC Technologies just announced merger plans LINK

Occidental is rumored to attempt a takeover of Apache, though oxy has denied it, of course. This was first reported by oilandgaspeople.com, which no longer has the article up. LINK
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 5/19/16 at 10:39 am to
quote:

Occidental is rumored to attempt a takeover of Apache, though oxy has denied it, of course. This was first reported by oilandgaspeople.com, which no longer has the article up.


That was a bogus story. APA had a company wide meeting to announce layoffs not a merger.

What's really cranked up is restructuring, chap 11s.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 5/19/16 at 10:47 am to
quote:

That was a bogus story. APA had a company wide meeting to announce layoffs not a merger.


I was hoping it was true.
Posted by Salmon
On the trails
Member since Feb 2008
83510 posts
Posted on 5/19/16 at 10:54 am to
all my projects recently have been for acquisitions

lots of Wall Street money coming down
Posted by cwill
Member since Jan 2005
54752 posts
Posted on 5/19/16 at 10:57 am to
quote:

I was hoping it was true.


Me too, but it didn't pass the smell test from jump.
Posted by b-rab2
N. Louisiana
Member since Dec 2005
12575 posts
Posted on 5/19/16 at 10:59 am to
quote:

cwill


Let me know when yall start hiring again
Posted by barry
Location, Location, Location
Member since Aug 2006
50336 posts
Posted on 5/19/16 at 11:10 am to
Not really, it's one deal. You may see some M&A in OFS, but not so much in the E&P space.
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