Hints and tips:
...Here’s what else I’m keeping tabs on today and over the weekend: Results: Credit card group American Express and SLB, formerly Schlumberger, the oilfield services group, report second-quarter earnings today...
...Stocks leveraged to oil, from upstream production to oilfield services, popped....
...And finally Pablo Picasso’s Buste de femme accoudée, gris et blanc is on display at Sotheby’s on New Bond Street this week, ahead of the Modern and Contemporary auctions on Wednesday and Thursday....
...Hackman Capital Partners, the owner of storied US studios where Citizen Kane and ET were filmed, has agreed to spend £300m over three years on transforming the site in Dagenham, east London....
...The oilfield engineer left full-year guidance unchanged....
...Among the disasters, the stock and bond prices of oilfield services firm Weatherford and shale-gas specialist Chesapeake have collapsed this year. Additional reporting by Joe Rennison and Miles Kruppa...
...In the two years before the Brexit vote in June 2016, Carlyle did seven deals in the UK, including its buyout of roadside recovery service RAC, but it has done only four since then, including last month’...
...The theme of analysts’ questions in the Baker Hughes and Halliburton earnings calls this week was telling: how could oilfield services cope with such tumult?...
...The fund will buy companies that are active in all parts of the energy supply chain, from exploration and production, refining and marketing to oilfield services....
...Mr Etroy, who will be based in London, previously served in a similar role at Caisse de Dépôt et Placement du Québec (CDPQ), the Canadian pension plan....
...Ahead of the meeting, Dan Eberhart, head of oilfield services company Canary, told ES the White House had been “all talk and no action with regards to helping oil and gas”....
...Roos joins from Citigroup, where he was most recently global co-head of equities and securities services....
...The fund will buy companies active in the energy supply chain and will make acquisitions of assets — in exploration and production, refining and marketing as well as oilfield services — through them....
...Blackstone Group, Starwood Capital, the Canadian pension fund manager Caisse de dépôt et placement du Québec and Singapore’s sovereign wealth fund GIC are among the biggest borrowers on GSE commercial loans...
...Other companies that service the sector, including Halliburton, the oilfield servicing group, and Caterpillar, the world’s biggest maker of heavy machinery, have also benefited from the crude recovery....
...GE decided to sell its water unit as part of efforts to head off potential objections from competition regulators to the merger of its oil and gas division with Baker Hughes, a rival oilfield services group...
...It said it expects the pipeline to be in service in 83 days. Sunoco Logistics did not respond to a request for comment....
...The property arm of TPG, the US private equity group, acquired P3 in 2013, along with a subsidiary of Canada’s Caisse de Dépôt et Placement du Québec, which runs pension funds in the Canadian province, from...
...It has been a tough year for megadeals, with a planned merger between oilfield services companies Halliburton and Baker Hughes sunk by regulators who sued in an attempt to stop the deal....
...Chances are high that the call will be in relation to oilfield services company Halliburton’s proposed $25bn takeover of rival Baker Hughes....
...Baker Hughes agreed to a $38bn takeover by Halliburton in November 2014 in a deal that would bring together the world’s second and third-largest oil services groups by market capitalisation....
...A $28bn planned merger between oilfield services companies Halliburton and Baker Hughes was sunk by regulators who sued in an attempt to stop the deal....
...Baker Hughes, an oilfield services company, swooned by 8.3 per cent to $47.40. The financial sector was another laggard....
...Maybe we will discover that many managers were smart enough to sell out of Apple, Valeant, Williams et al before their shares tanked....
...The victim of these transfers were creditors of CEOC who were left with debt but not enough cash or cash-generating assets to service the debt....
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