Australia

Australia’s BHP Billiton Ltd. has offered to buy shale patch pioneer Petrohawk Energy Corp. for $12.1 billion in a deal that would more than double unit BHP Billiton Petroleum’s resource base and grow proved reserves by about 30%, it said. Petrohawk shares took flight on the news as investors also delivered uplift to a flock of the company’s peers.

Australia’s BHP Billiton Ltd. has offered to buy shale patch pioneer Petrohawk Energy Corp. for $12.1 billion in a deal that would more than double unit BHP Billiton Petroleum’s resource base and grow proved reserves by about 30%, it said. Petrohawk shares took flight on the news as investors also delivered uplift to a flock of the company’s peers.

Australia’s BHP Billiton Ltd. has offered to buy shale patch pioneer Petrohawk Energy Corp. for $12.1 billion in a deal that would more than double unit BHP Billiton Petroleum’s resource base and grow proved reserves by about 30%, it said. Petrohawk shares took flight on the news as investors also delivered uplift to a flock of the company’s peers.

Australia’s Eureka Energy Ltd. recently agreed to acquire 3,975 net acres in Burleson and Washington counties, TX, within the eastern liquids-rich fairway of the Eagle Ford Shale. The acreage potentially is within the gas condensate window as well, the company said.

Chesapeake Energy Corp. on Thursday completed the sale of its Fayetteville Shale properties to a subsidiary of Australia’s BHP Billiton Ltd.

Drilling products manufactured by two Pennsylvania companies, Center Rock Inc. of Berlin in southwestern Pennsylvania and Schramm Inc. of West Chester, near Philadelphia, were instrumental in the rescue Wednesday of 33 Chilean miners trapped for more two months in an underground mine.

Australia’s Woodside Petroleum has scrapped plans to build a 1 Bcf/d liquefied natural gas (LNG) import terminal off the Southern California coast because of “changed energy market conditions.”

Australia’s Woodside Petroleum has scrapped plans to build a 1 Bcf/d liquefied natural gas (LNG) import terminal off the Southern California coast because of “changed energy market conditions.”

In a story titled “Aussies Buy Majority Stake in NGPL System” in last week’s edition, we reported that Australia-based investment group Babcock and Brown Ltd. was leading a consortium to buy the majority stake in MidCon, which owns the Natural Gas Pipeline Company of America (NGPL), in a $7.6 billion transaction. The actual transaction value is $6.6 billion. NGI regrets the error.