Transocean to Buy Valaris in Near $6B Deal
Transocean Ltd and Valaris Limited announced, in a joint statement, the signing of a definitive agreement to combine the two companies. Under the agreement, Transocean will acquire Valaris in an all-stock transaction valued…
Shell’s Oil Reserves Have Dropped To Lowest Levels Since 2013
British Oil and Gas giant Shell Plc. (NYSE:SHEL) needs an exploration breakthrough or a big merger after its oil reserves fell to the lowest levels since…
Transocean To Buy Offshore Rig Contractor Valaris For $5.8 Billion
Oilfield services firm Transocean (NYSE:RIG) will acquire offshore rig contractor Valaris (NYSE:VAL) in an all-stock deal valued at ~$5.8B,…
Hedge Funds Increase Bullish Oil Bets Amid Rising Iran Tensions
Money managers have increased bullish wagers on crude oil to the highest levels in months, with renewed geopolitical risk tied to Iran pushing energy markets back toward supply-focused…
BP Halts Share Buybacks
BP Plc is halting share buybacks to shore up its balance sheet as pressure mounts on the UK energy giant to deliver on its turnaround efforts. The company is slashing…
