The last two energy crises that threatened hundreds of energy companies with bankruptcy have rewritten the O&G M&A playbook. Previously, oil and gas companies made numerous aggressive tactical or cyclical acquisitions in the wake of a price crash after many distressed assets became available on the cheap. However, the 2020 oil price crash that sent … Read more
June 8 (Reuters) – Two Britons and a Moroccan who were captured while fighting for Ukraine could face the death penalty after pleading guilty in a court of one of Russia’s proxies in eastern Ukraine, Russia’s RIA news agency reported. Video published by RIA showed Britons Aiden Aslin and Shaun Pinner and Moroccan Brahim Saadoun … Read more
Despite the runaway recession and depressing prices at the pump, the US economy has been on a recovery course for several months now, and dealmaking trends appear to confirm it is the correct course. In the utility space, a lot of deals over the first quarter of this year were in the renewable energy space—nothing … Read more
Shares of Twitter Inc. soared Thursday, after the social-media platform’s largest shareholder, Elon Musk, disclosed a bid to buy the remainder of the San Francisco–based company’s stock that he doesn’t already own so he can transform it into the world’s “platform for free speech.” Musk, the “technoking” of Tesla Inc. and founder of SpaceX, also … Read more
NEW YORK, April 4 (Reuters) – A US prosecutor on Monday urged jurors to convict a former senior Goldman Sachs (GS.N) banker for helping loot billions of dollars from Malaysia’s 1MDB sovereign wealth fund, while the defense accused the government’s star witness of lying. In her closing argument in Brooklyn federal court, Assistant US Attorney … Read more
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