July 2015

Story by Bloomberg Two Chinese companies that entered Brazil’s giant deep-water oilfields two years ago are now looking to increase their presence as state-run Petrobras sells assets to pay down debt, said two people with knowledge of the matter. China Petroleum & Chemical Corp., or Sinopec, and Cnooc Ltd. are among companies interested in buying stakes in so-called pre-salt offshore

Fairwood Peninsula Energy Corp (“Fairwood LNG”), the parent company and 100%-owner of Delfin LNG LLC (“Delfin LNG”), today announced a strategic alliance with Enbridge, Inc. (“Enbridge”) (TSX/NYSE:ENB), in which Enbridge has purchased an equity position in Fairwood LNG. Enbridge has made a five percent equity investment in Fairwood LNG. Enbridge has also entered into a Joint Development Agreement with Fairwood

Aethon Energy Management LLC (“Aethon” or the “Firm”), a Dallas-based private investment firm focused on onshore oil & gas, together with its partner, RedBird Capital Partners LLC (“RedBird”), today announced the acquisition of certain Ark-LA-Tex assets from SM Energy Company (NYSE: SM).  Terms of the negotiated transaction were not disclosed. SM Energy’s Ark-LA-Tex assets comprise approximately 76,300 net acres with