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talks

Oil & Gas

Technip and FMC Technologies in merger talks

Technip and FMC Technologies are said to be in merger talks, according to reports. The oilfield services provider has held talks about a potential combination although terms have not yet been agreed on. Sources familiar with the matter said there is no certainty the two companies will do so.

Renewables/Energy Transition

CCS experts sign open letter to UN ahead of Paris talks

An open letter by 41 signatories has been sent to the executive secretary of the United Nations Framework Convention on Climate Change (UNFCCC) regarding CCS (Carbon Capture Storage). Scientists and experts from Scotland to China said they had written to reassure the UNFCCC that CCS is “safe, secure and effective”. They said extensive research had shown CO2 storage at selected sites was unlikely to lead to any leakages.

Markets

Halliburton in talks to buy Baker Hughes

Halliburton is in talks to buy Baker Hughes Inc in a deal that would combine two of the largest and oldest names in the energy business as plunging oil prices send the industry into a downturn. By eliminating a competitor, Halliburton, already the world’s second-biggest provider of oilfield services, would gain market clout that would help insulate it from a sustained market decline. A combination of Halliburton with No. 3 Baker Hughes would be a little more than half the size of larger rival Schlumberger Ltd.