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Petrobras inks deal to shed Japanese downstream assets

October 31st, 2016

Brazil's state-owned Petroleo Brasileiro SA (Petrobras) has found a buyer for its Japanese refining business, which includes subsidiary Nansei Sekiyu KK's 100,000-b/d Nishihara refinery on Japan's southwestern island of Okinawa.

Stone Energy to file Chapter 11, divest Appalachia assets

October 31st, 2016

Stone Energy Corp., Lafayette, La., will file Chapter 11 by Dec. 9 and sell its properties in the Appalachia basin to Ft. Worth investment firm Tug Hill Inc. for $360 million in cash.

Oasis to buy Williston assets from SM Energy for $785 million

October 31st, 2016

Oasis Petroleum Inc., Houston, has agreed to acquire 55,000 net acres and 226 gross operated drilling locations in Williams and McKenzie counties, ND, part of the Williston basin, from Denver-based SM Energy Co. for $785 million.

Watching Government: FERC’s cautious optimism

October 31st, 2016

Cautious optimism was the prevailing theme as the US Federal Energy Regulatory Commission's Office of Enforcement looked ahead to the 2016-17 heating season.

Tourmaline to buy western Canada shale assets from Shell for $1 billion

October 31st, 2016

Tourmaline Oil Corp., Calgary, has agreed to acquire 206,000 net acres and associated infrastructure in western Canada from Royal Dutch Shell PLC affiliate Shell Canada Energy for $1.037 billion, or $1.369 billion (Can.).

SM Energy makes another billion-dollar deal for Midland basin acreage

October 31st, 2016

SM Energy Co., Denver, has agreed to acquire 35,700 net acres in Howard and Martin counties of West Texas from Houston-based QStar LLC, a portfolio company of EnCap Investments LP and a related entity, for $1.1 billion in cash plus 13.4 million shares of SM Energy common stock.

American Midstream, JP Energy to merge, form $2-billion MLP

October 31st, 2016

American Midstream Partners LP has agreed to acquire 100% of JP Energy Partners LP in a unit-for-unit merger, creating a $2-billion midstream master limited partnership (MLP) with primary operations in the Permian, Eagle Ford, Bakken, and Gulf of Mexico.

EPA, states urged to defer more methane rules until EPA’s ICR ends

October 31st, 2016

The US Environmental Protection Agency and states should not impose more methane control regulations and guidelines on the domestic oil and gas industry until EPA completes its Oil and Gas Information Collection Request (ICR) and subsequent analyses, an American Petroleum Institute official suggested.

PDVSA likely to be at center of any Venezuelan changes, speakers say

October 31st, 2016

Venezuela's national oil company likely will be a strong focus if reforms are launched successfully to repair the badly damaged national economy and living conditions, speakers at an Oct. 18 Brookings Institution discussion generally agreed.

API will pursue RFS reform during 2016 lame-duck Congress and beyond

October 31st, 2016

The American Petroleum Institute plans to press members of Congress to reform the federal Renewable Fuel Standard when the federal lawmakers return for their 2016 lame-duck session following the Nov. 8 elections, an API official said.

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