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Millennium Pipeline appoints president

Millennium Pipeline Co. LLC has selected Joseph Shields as its president. He succeeds Rocco D’Alessandro, who held the position beginning in May 2012.

ONGC Videsh names exploration director

ONGC Videsh Ltd. (OVL), the overseas arm of Oil & Natural Gas Corp. Ltd., has named Anil Bhandari as exploration director. In his role, Bhandari will manage overseas exploration assets and evaluate exploration opportunities, as well as spearhead the business development for new exploration and production assets acquisitions.

Vermilion to buy southeast Saskatchewan assets

Vermilion Energy Inc., Calgary, has signed an agreement with a private southeast Saskatchewan producer to acquire light oil producing assets in the Northgate region of southeast Saskatchewan for $400 million.

Keyera to buy west central Alberta gas plant

Keyera Corp., Calgary, will pay $133 million to Whitecap Resources Inc. for interests in gas processing in west central Alberta and in associated oil and gas reserves, Keyera reported. The company expects the acquisition to close on May 1.

Imperial to sell conventional assets to Whitecap for $855 million

Imperial Oil Ltd. has reached an agreement to sell its interest in conventional assets in Boundary Lake, Cynthia/West Pembina, and Rocky Mountain House in British Columbia and Alberta to Whitecap Resources Inc. for $855 million. The deal is expected to close in May.

Wintershall to sell share of Verbundnetz Gas to EWE

Wintershall plans to divest its 15.79% share in Verbundnetz Gas AG in eastern Germany to EWE AG. Terms were not disclosed.

Oil Search completes placement for Elk-Antelope fields amid political dustup

Oil Search Ltd. has completed its share placement to the Papua New Guinea government in the recently announced deal to fund the company’s acquisition of a 22.835% stake in retention license PRL15 containing the Elk and Antelope fields in the eastern Highlands of Papua New Guinea for $900 million.

Progress expands BC assets in deals totaling $1.5 billion (Can.)

Progress Energy Canada Ltd., a subsidiary of Malaysia’s state-owned Petronas, has closed on its acquisition of assets in northeastern British Columbia from Talisman Energy Inc. In addition, Progress will purchase Montney lands in the Julienne area, also in the northeastern part of that province.

Chevron to increase production, maintain capex level through 2017

Chevron Corp. will increase production by 20% through 2017 without raising capital expenditures, executives said Mar. 11 at the company's annual security analyst meeting in New York.

Energy XXI, EPL Oil & Gas to merge in $2.3 billion deal

Energy XXI (Bermuda) Ltd., Houston, has signed a definitive agreement valued at $2.3 billion in which it will acquire and merge with EPL Oil & Gas Inc. The deal includes the assumption of debt.

Syncrude Canada selects chief executive officer

Canadian Oil Sands Ltd. has named Mark Ward as chief executive officer of Syncrude Canada Ltd., effective Apr. 1.

Devon, Crosstex complete merger of midstream assets

Devon Energy Corp., Oklahoma City, and Crosstex Energy LP, Dallas, have completed the merger of their midstream assets to form general partner EnLink Midstream LLC and master limited partnership EnLink Midstream Partners LP. A definitive agreement on the deal was signed in October 2013.

Southwestern Energy to acquire Niobrara acreage for liquids-rich play

Southwestern Energy Co., Houston, has agreed to purchase 312,000 net acres in northwest Colorado targeting oil, natural gas liquids, and natural gas in the Niobrara shale play, the company reported. Southwestern will acquire the land from Quicksilver Resources Inc. and Swepi LP, a unit of Royal Dutch Shell PLC, for $180 million.

ExxonMobil outlines 2014 production plans

ExxonMobil Corp. said it expects to start production at 10 major projects this year, adding 300,000 net boe/d of net capacity.

Loyz Energy to buy stake in Thai licenses

Loyz Energy Ltd., Singapore, has agreed to buy 20% interests in three onshore license areas under development in Thailand.

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Offshore Middle East Conference & Exhibition

January 26, 2015
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