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BP seen as natural fit for BHP's shale assets; Devon to offload EnLink interests

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Next in Tech | Episode 49: Carbon reduction in cloud

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Using ESG Analysis to Support a Sustainable Future

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US utility commissioners: Who they are and how they impact regulation

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Q&A: Datacenters: Energy Hogs or Sustainability Helpers?


BP seen as natural fit for BHP's shale assets; Devon to offload EnLink interests

Coal

Seriti Resources is interested in acquiring Optimum Coal, CEO says

Seriti Resources Pty. Ltd. is interested in buying the assets and quotas of Gupta family-owned Optimum Coal Holdings Ltd. in South Africa as it looks to move into exporting coal, Reuters reported June 6, citing CEO Mike Teke.

Kibo Mining signs JV deal to develop Benga coal-to-power project in Mozambique

Kibo Mining PLC agreed to form a joint venture with Mozambique energy company Termoeléctrica de Benga SA to potentially develop the Benga independent power project, subject to approvals.

Natural gas/midstream M&A

BP seen as natural fit for BHP Billiton's US shale assets

London-based BP PLC could emerge as the winning buyer for BHP Billiton Group's 800,000 net acres in the Permian Basin and the Eagle Ford, Haynesville and Fayetteville shales.

Kinder Morgan Canada terminates C$5.5B credit agreement for Trans Mountain

Kinder Morgan Canada Ltd. terminated its credit agreement with other Kinder Morgan Inc. subsidiaries and Royal Bank of Canada for C$5.5 billion of funds for the Trans Mountain pipeline expansion project after the Canadian government said it would acquire the pipeline system and expansion project.

Devon's $3.13B midstream sale a pleasant surprise for energy investors

Devon Energy Corp. is selling its ownership stakes in the EnLink family of midstream companies to a private equity fund amid recent tax changes for master limited partnerships, and market reactions have so far been positive.

Report: Deutsche Bank looking to sell $3B energy loan portfolio

Deutsche Bank AG is planning to off-load its whole $3 billion portfolio of non-investment-grade energy loans and has marketed it to North American and European peers.

Expert: Oil majors' 'agnostic' future may lead to investment in battery minerals

Global oil majors' moves in recent years points to an "agnostic" future of energy production that could conceivably include owning or investing in battery minerals extraction companies which would be "small CapEx" compared to their usual spend and well within their capabilities, Deloitte's global LNG leader said.

Cenovus Energy shares plummet after report says Conoco may sell stake

Cenovus Energy Inc.'s stock price closed down nearly 6% on June 4 after a report from Reuters, citing unnamed sources, said late in the day that oil major ConocoPhillips was preparing to sell its stake in the integrated Canadian oil company.

Glencore, partner looking to purchase Chevron's South African oil assets

Glencore PLC and Off The Shelf Investments Fifty Six (RF) Proprietary Ltd. are in the running to purchase Chevron Corp.'s South African assets in a 75/25 joint deal estimated to be worth US$900 million.

Blackstone entity to combine with Osprey to form oil-weighted minerals company

The special purpose acquisition entity Osprey Energy Acquisition Corp. agreed to acquire the assets of Royal Resources to create a combined oil and gas minerals company focused in the Eagle Ford and Austin Chalk shale plays.

ConocoPhillips closes $400M Alaska asset acquisition from Anadarko

ConocoPhillips completed its acquisition of 22% lease interests in the Western North Slope of Alaska from the Texas-based producer Anadarko Petroleum Corp. for $400 million.

Private equity-backed energy companies to combine for Permian Basin partnership

Two privately backed energy companies plan to combine resources in the Permian to form a pure-play Midland Basin company with a 70,000-acre position.

Quiet for decades, Austin Chalk oil and gas play attracting new interest

Some of the biggest oil producers in the U.S. are zeroing in on and oil and gas play in Louisiana that has been around for decades but could soon become more of a household name.

Clean Energy Fuels shareholders approve Total to buy 25% stake in company

Shareholders of Calif.-based Clean Energy Fuels Corp. overwhelmingly approved Total SA's purchase of a 25% stake in the natural gas and alternative fuels transportation company, valued at $83.4 million.

Morgan Stanley makes equity investment in Texas driller for Anadarko assets buy

Investment funds managed by Morgan Stanley Energy Partners made a majority equity investment in oil and gas efficiency company Presidio Investment Holdings LLC to boost its exploration and production business and facilitate the acquisition of Midstates Petroleum Co. Inc.'s oil and natural gas assets in the Anadarko Basin.

Midstates Petroleum closes Anadarko Basin asset divestiture

Midstates Petroleum Co. Inc. closed its $58 million divestiture of Anadarko Basin producing properties for total net proceeds of about $54 million, which the company will use to reduce revolver debt and for general corporate purposes.