Encana’s PetroChina partnership may be first of many
Encana Corp. (ECA)’s C$1.18 billion ($1.2 billion) joint venture with state-owned PetroChina Co. (857) signals the first of many foreign deals as companies seek to navigate new Canadian rules that favor minority stakes over takeovers. More »
State: Chevron to pay $1.8 million in settlement
Chevron Corp. has paid Utah $1.8 million in a settlement reached after the state claimed the oil company collected money from a cleanup fund meant only for firms without insurance, state officials said. More »
Encana, PetroChina enter into exploration deal
Encana Corp. and a subsidiary of China’s state-owned PetroChina have entered into a multibillion dollar joint venture agreement to explore and develop shale natural gas in Alberta, the Canadian oil and gas company said Thursday. More »
Helix to sell oil & gas assets
As part of a plan to focus on well intervention and robotics services, Helix Energy Solutions Group is selling its oil and gas subsidiary to the privately held Houston firm Talos Energy. More »
Colombia’s Ecopetrol to partner with Anadarko in Caribbean block
Colombia’s Ecopetrol SA will team with Anadarko Petroleum Corp., the second-largest U.S. independent oil and natural-gas producer by market value, to search for oil deposits in the Caribbean Sea. More »
Tesoro to buy pipeline, terminals
San Antonio-based Tesoro Logistics LP agreed this week to pay $400 million for pipelines and terminals in the Northwest. More »
Rosneft buys other half of TNK-BP for $28 billion
Rosneft has signed an agreement to purchase 50 percent in Russia’s third-largest oil producer TNK-BP for $28 billion, having earlier acquired the other half from BP. More »
BHP sells Australia gas stake to PetroChina
BHP Billiton Ltd. said Wednesday it has agreed to sell its stake in a proposed Australian gas project to Chinese state-owned energy producer PetroChina for $1.6 billion. More »
Nexen approval paves way for more foreign deals in gas
Canada’s approval of two Asian takeovers worth $20 billion may spark more foreign acquisitions of natural gas producers in the country while capping state- owned control of Alberta’s oil sands. More »
TPC Group shareholders approve buyout by First Reserve and SK
Shareholders of TPC Group Inc., the biggest producer of a chemical used to make synthetic rubber, approved a $705.9 million takeover bid from First Reserve Corp. and SK Capital Partners. More »
ATP equity holder ask for probe of oil reserves’ value
ATP Oil & Gas Corp.’s equity holders asked a judge to appoint an examiner to investigate the value of the bankrupt Gulf of Mexico oil producer’s petroleum reserves. More »
Sasol advances gas-to-liquids plan in Louisiana
South African chemicals and energy company Sasol Ltd. said it could spend up to $21 billion to build a complex in Louisiana to turn natural gas into chemicals, diesel and other fuels. More »
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