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.
Tendered
Articles from Tendered
FERC Continues Crackdown on Violators of SMHT Requirement
FERC is continuing its crackdown on violators of its shipper-must-have-title (SMHT) requirement, approving two separate stipulation and consent agreements in late December that require Sempra Energy Trading LLC and DCP Midstream LLC to pay a combined penalty of nearly $800,000.
Energy Secretary Spencer Abraham Resigns
Energy Secretary Spencer Abraham has tendered his resignation to President Bush, saying he will stay on until his successor has been installed.
Energy Secretary Spencer Abraham Resigns
Energy Secretary Spencer Abraham has tendered his resignation to President Bush, saying he will stay on until his successor has been installed.
Transportation Notes
Columbia Gulf said a heating value limit of 1,050 Btus per cubic foot on gas tendered to its system, initiated in January, will remain in effect at least until the end of September.