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Brightoil completes $1.046-billion acquisition of Bohai Bay assets

Brightoil Petroleum Ltd. has closed on its acquisition of interest in two oil producing blocks in Bohai Bay from Anadarko China Holdings 2 Co. Ltd., a wholly owned subsidiary of Anadarko Petroleum Corp., for $1.046 billion.

KMI executes $71-billion consolidation purchase

Kinder Morgan Inc. (KMI), Kinder Morgan Energy Partners LP (KMEP), Kinder Morgan Management LLC (KMR), and El Paso Pipeline Partners LP reported that KMI will acquire all of the outstanding equity securities of KMEP, KMR and El Paso, creating a single publicly traded security, KMI. The total purchase price of the transaction was $71 billion: $40 billion KMI equity, $4 billion cash, and $27 billion assumed debt.

Finlayson appointed InterOil chairman

Chris Finlayson has been named InterOil Corp. chairman-designate. He succeeds Gaylen Byker, who announced at the company’s annual meeting in June that he would retire after 17 years on the board.

PwC: 2Q oil and gas M&A activity strongest in 5 years

The US oil and gas industry experienced a substantial rise in mergers and acquisitions during the second quarter, according to a quarterly report by PwC US Energy Practice.

OGJ Newsletter

International news for oil and gas professionals

AMP acquires additional midstream assets in Eagle Ford

American Midstream Partners LP (AMP) has opted to use, and has received approval of, its right-of-first-offer to acquire the Gonzales County, Tex., full-well-stream gathering system from an affiliate of ArcLight Capital Partners LLC for total consideration not to exceed $110 million. The deal is expected to close late this year or in early 2015.

Mexico’s senate passes oil, gas reform legislation

Mexico’s senate approved legislation on Aug. 6 that will begin to open the country’s oil and gas industry to outside investment since it was nationalized in 1937. The measure headed for President Enrique Pena Nieto’s desk, where it was expected to be signed.

Magnum Hunter to move headquarters to Dallas

Magnum Hunter Resources Corp. plans to relocate its corporate headquarters from Houston to the Dallas area effective on or about Dec. 31.

OGUK: Optimism still waning in UK’s offshore oil, gas industry

Optimism in the UK’s offshore oil and gas industry continues to wane, according the second-quarter Oil & Gas UK (OGUK) Business Sentiment Index (BSI), released Aug. 6.

ConocoPhillips, Enap sign deal to study unconventional oil, gas in Chile

ConocoPhillips and Chile’s state oil company Empresa Nacional del Petroleo (Enap) have signed a technical agreement to jointly conduct geological, geophysical, and engineering studies to determine the potential for unconventional hydrocarbon resources in the Magallanes region in southern Chile.

AEP units complete Marcellus, Utica acquisitions

Two affiliates of American Energy Partners LP (AEP) have closed on acquisitions of assets totaling $1.75 billion.

KMEP plans additional expansion to KMCC pipeline

Kinder Morgan Energy Partners LP (KMEP) has entered into a long-term transportation agreement with Republic Midstream Marketing LLC to build an interconnect and other facilities for the Kinder Morgan Crude & Condensate (KMCC) pipeline.

Pioneer to sell Hugoton, Barnett assets in separate deals

Pioneer Natural Resources Co., Dallas, has agreed to sell all of its assets in both the Hugoton field to Linn Energy LLC, Houston, and the Barnett shale to an undisclosed private buyer for total cash proceeds of $495 million.

Europe's renewable future

With European offshore hydrocarbon production on the decline, a host of developments promise to breathe new life into several regions.

Vanguard to acquire Cotton Valley, East Haynesville acreage

Vanguard Natural Resources LLC, Houston, has entered into a definitive agreement to acquire natural gas, natural gas liquids, and oil assets in North Louisiana and East Texas from Dallas-based Hunt Oil Co. for $278 million, effective June 1.

Market Connections

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

NOW HIRING: QHSSE

NOW HIRING: QHSSE. Miami, FL, Overland Park, MO or Plymouth, MN.

 

Colorado School of Mines

Multiple Faculty Openings

Colorado School of Mines Petroleum Engineering Department invites applications for multiple full-time faculty positions.    
lewis livestock

RAILROAD ON 3 SIDES FOR SALE OR LEASE

RAILROAD ON 3 SIDES FOR SALE OR LEASE. 23 ACRES and 5 Water Wells On Site: SAN ANGELO, TX. Contact Steve Lewis: 575-202-2111 // lewislivestock@hotm...

Sale of Oil and Gas Leases

Notice of Sale of Oil and Gas Leases

 

Oil & Gas Conferences

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Event Title Date Type

Offshore Middle East Conference & Exhibition

January 26, 2015
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