While third-quarter deal value for US oil and gas mergers and acquisitions declined markedly from a strong first half of the year, deal volume increased both sequentially and year-over-year on the backs of strategic and financial investors, according to PwC LLP’s latest energy deals report. Meanwhile, activity shifted away from the previously red-hot Permian basin. […]

Crude oil prices fell on the New York market Oct. 25 but still settled above $52/bbl after a weekly government report showed gains in US oil supplies and production. Source: News

Reforms under way in several Latin American countries contain provisions aimed at increasing certainty for foreign investors and improving chances that energy assets will not be expropriated later, speakers at the Inter-American Dialogue’s Latin America Energy Conference suggested. Source: News

David J. Sambrooks has been named president, chief executive officer, and a member of the board of Midstates Petroleum Co. Inc., Tulsa. Source: News

Serbia’s Naftna Industrija Srbije JSC Novi Sad has started construction of its long-planned deep conversion, or bottom-of-the barrel, complex as part of an ongoing modernization program to improve energy efficiency, boost production of higher-quality products, and ensure operational reliability at its 4.8 million-tonne/year refinery at Pancevo.  Source: News