Coal M&A
Corsa Coal to off-load Central Appalachia thermal, industrial coal division
Corsa Coal Corp. has decided to sell its thermal and industrial coal division in Tennessee, Central Appalachia, to a buyer group led by the division's current management team.
Mitsubishi completes US$230M sale of Warkworth coal mine stake
Mitsubishi Corp. completed the sale of its 28.9% ownership interest in the Warkworth coal mine in New South Wales, Australia, to Yancoal Australia Ltd., it said March 7.
Universal Coal to acquire South African coal operation from Exxaro for 170M rand
Universal Coal Plc agreed to acquire the North Block Complex, an open cast coal operation in South Africa, from Exxaro Resources Ltd. for 170 million South African rand. Exxaro Resources was previously mulling the sale.
Natural gas/midstream M&A
Report: Shell, Blackstone to jointly bid $10B for BHP's US shale assets
Royal Dutch Shell plc and private equity firm Blackstone Group LP agreed on working together to jointly bid $10 billion for BHP Billiton Group's US shale assets.
Total closes Maersk Oil deal to become 2nd-largest operator in North Sea
Total SA closed on its acquisition of oil and gas unit Maersk Oil, making it the second-largest operator in the North Sea, as the deal will enable the French company to boost its existing positions in the U.K. and Norway and enter Denmark.
Report: Tellurian in talks to acquire Chesapeake's La. gas fields
Tellurian Inc. is said to be in talks to acquire Chesapeake Energy Corp.'s Louisiana natural gas drilling fields in the Haynesville Shale. Jefferies analysts valued the assets at $2.0 billion but the acquisition is not yet guaranteed.
Devon Energy to divest southern position in Barnett Shale for $553M
Devon Energy Corp. agreed to sell the southern portion of its Barnett Shale position to an undisclosed buyer for $553 million as it turns its focus towards the Delaware Basin and STACK play.
Energy-focused lender Madava Financial starts operations
Madava Financial, an energy-focused finance company, announced its official launch. Madava's launch coincided with the company's arrangement of a $100 million uni-tranche debt facility for XRO Energy LLC's acquisition of assets from LINN Energy Inc.
Report: Mexico's Pemex to offer deepwater JVs to Chevron, other partners
Mexico's state-controlled oil company Petróleos Mexicanos SA de CV will propose joint ventures to its partners for deepwater blocks acquired during an auction in January.
