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Seadrill Partners, a subsidiary of Seadrill (NYSE:SDRL), is filing for an IPO that would enable it to secure interests in two semi-submersible drilling rigs, one drill ship and one semi-tender rig from SDRL’s rig fleet.
Don’t Miss: Barclays Chief Quick to EXIT As Probe Deepens.
Progress Energy (NYSE:PGN) is successfully acquired by Duke Energy (NYSE:DUK) with Jim Rogers appointed as CEO and Chairman of the combined entity; Rogers was initially pipped to be executive chairman, with Bill Johnson, the erstwhile CEO of Progress, to be appointed CEO of the new company, but Johnson’s departure led to the change. Shares of Duke are galloping after a 1-for-3 reverse stock split.
An 18-month old labor dispute at BHP Billiton’s (NYSE:BHP) metallurgical coal unit in eastern Australia may now likely settle with the company agreeing to mediation; BHP had to declare force majeure during this period marked by rolling strikes and loss of production.
Enbridge Energy Partners’ (NYSE:EEP) revises its full year forecast with adjusted net income now expected as $440 – $470 million on an adjusted EBITDA of $1.12 – $1.17 billion; the company plans to hold back capex on the natural gas business, but stands by its 2%-5% annual distribution growth target.
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