Australia

Shares in New Orleans-based producer Energy Partners Ltd. (EPL) closed up a whopping 31.14% on the day, an increase of $5.73/share on news the company is the acquisition target of Australia’s Woodside Petroleum Ltd. in an $883 million deal.

The U.S. offices of Australia-based Macquarie Bank have formed a joint marketing alliance to provide risk management services to Sierra Southwest Cooperative Services Inc.’s natural gas customers in Arizona, California and Nevada.

Melbourne, Australia-based BHP Billiton said last week that it is investing $100 million in two limited liability companies that will transport natural gas and oil from the group’s recently sanctioned Mad Dog development and its Atlantis discovery, both in the ultra-deepwater Gulf of Mexico (GOM). The company said the pipelines are part of a new system being built in the southern Green Canyon area that also will transport oil and gas from the BP-operated Holstein development and potentially other fields.

Melbourne, Australia-based BHP Billiton said earlier in the week that it is investing $100 million in two limited liability companies that will transport natural gas and oil from the group’s recently sanctioned Mad Dog development and its Atlantis discovery, both in the ultra-deepwater Gulf of Mexico (GOM). The company said the pipelines are part of a new system being built in the southern Green Canyon area that also will transport oil and gas from the BP-operated Holstein development and potentially other fields.