Advisers

Calgary-based Talisman Energy Inc. on Tuesday deepened its strategic relationship with Sasol Ltd. by selling it a half-stake in its Cypress A assets in the Montney Shale for C$1.05 billion.

Less than 24 hours after President Bush outlined his energy plans as part of his State of the Union address, advisers to California Gov. Arnold Schwarzenegger declared Wednesday that the president’s plans are “insufficient” and potentially harmful in adding to greenhouse gas (GHG) emissions. Not surprisingly, state officials claim Schwarzenegger’s approach is preferable because it relies on markets and reduces GHG.

Some top personal and political advisers to California Gov. Arnold Schwarzenegger are turning up as part of the public relations/lobbying team for one of the major proponents of a liquefied natural gas (LNG) terminal along the state’s coast, Australian resources giant, BHP Billiton, according to a political analysis report in Monday’s San Francisco Chronicle.

Shares of Houston-based independent producer Mission Resources Corp. rose more than 8% last Tuesday to $6.50 but slide back to the $5.60s by Friday after the company said that it retained Petrie Parkman & Co. to assist in evaluating strategic alternatives designed to enhance shareholder value. Mission also said the move does not guarantee that a transaction will take place.

Shares of Houston-based independent producer Mission Resources Corp. rose more than 8% Tuesday to $6.50 by mid-afternoon after the company said that it retained Petrie Parkman & Co. to assist in evaluating strategic alternatives designed to enhance shareholder value. Mission also said the move does not guarantee that a transaction will take place.

Cheniere Energy Inc. last Tuesday said it hired HSBC Securities (USA) Inc. and Petrie Parkman & Co. to assist the company in arranging project funding for the liquefied natural gas (LNG) regasification facilities that it plans to build in Corpus Christi, TX, and Sabine Pass, LA.