Korea

Anadarko Petroleum Corp. and a unit of Korea National Oil Corp. (KNOC) have struck a joint venture (JV) agreement that gives KNOC one-third of Anadarko’s interest in its southwest Texas Maverick Basin assets in the Eagle Ford Shale for about $1.55 billion.

China’s and Korea’s national oil companies (NOC) stood out as particularly acquisitive in a mergers and acquisitions (M&A) market last year that saw NOCs as mostly buyers and international oil companies (IOC) as mostly sellers, according to consultancy Wood Mackenzie. There were exceptions, however, as some IOCs had their checkbooks out in a big way, too.

China’s and Korea’s national oil companies (NOC) stood out as particularly acquisitive in a mergers and acquisitions (M&A) market last year that saw NOCs as mostly buyers and international oil companies (IOC) as mostly sellers, according to consultancy Wood Mackenzie. There were exceptions, however, as some IOCs had their checkbooks out in a big way, too.

Tucked away in the corner of the spacious and empty Long Beach Convention and Entertainment Center earlier this month, a joint federal-local port hearing on Japanese conglomerate Mitsubishi’s proposed liquefied natural gas (LNG) receiving terminal drew many community stakeholders, but only three independent citizens, none of whom objected to accelerated preliminary environmental review.