Report: Vale sells additional Australian coal assets
Vale SA agreed to sell its stake in the Carborough Downs coal mine as well as several undeveloped adjacent tenements including the Red Hill and Ellensfield coal deposits in Queensland, The Australian Financial Review reported Dec. 12 without specifying its source.
Anadarko buys Freeport-McMoRan deepwater Gulf of Mexico assets in $2B cash deal
Anadarko Petroleum Corp. on Dec. 15 completed its $2 billion cash acquisition of Freeport-McMoRan Inc.'s deepwater Gulf of Mexico assets. Pursuant to the transaction, Freeport-McMoRan settled a $582 million preferred stock obligation with its subsidiary, Plains Offshore Operations Inc.
Appalachia to Oklahoma: Gulfport Energy makes $1.85B play for diversification
With its $1.85 billion takeout of one of the top shale producers in Oklahoma, the Utica shale driller Gulfport Energy Corp. joins the list of gas drillers diversifying out of Appalachia and into shales closer to gas and liquids demand on the Gulf Coast.
Inter Pipeline completes C$527.5M acquisition of Cold Lake pipeline system stake
Inter Pipeline Ltd. closed its acquisition of the remaining 15% stake in the Cold Lake pipeline system from Canadian Natural Resources Ltd., a C$527.5 million deal that makes Inter Pipeline the sole owner of the system.
Spectra, Enbridge shareholders approve merger
Spectra Energy Corp. and Enbridge Inc. stockholders in separate actions voted to approve the stock-for-stock merger transaction that will result in the creation of an energy infrastructure behemoth. The companies had earlier reached an agreement with the U.S. Federal Trade Commission that sets the timing of the closing of their merger after they have provided additional information requested of them.