(May 14, 2008, 9:05 AM)

BW Group Ltd. has executed a five-year, US$3 billion facility agreement with a consortium of 11 banks.

The banks, acting as mandated lead arrangers, committed a total sum of US$5 billion against the BW Group's requirement of $3 billion.

The BW Group will use the facility to refinance debt incurred by BW Gas ASA and BW Offshore Ltd.

(May 06, 2008, 4:05 PM)

Stone Energy Corp. will acquire Bois d'Arc Energy Inc. The transaction has an aggregate value of roughly $1.8 billion.

The combination of these two companies will result in one of the largest Gulf of Mexico-focused operating companies, with a solid production base, a strong portfolio for continued development of proved and probable reserves, and an extensive inventory of exploration opportunities.

(April 25, 2008, 10:04 AM)

Select subsidiaries of Global Industries Ltd. have been awarded contracts worth roughly $110 million in Asia Pacific/India.

The largest of these projects with a value of $72.5 million is part of the Mumbai High South re-development project for India's Oil and Natural Gas Corp. Ltd. (ONGC) and consists of the installation of rigid pipelines and cables, off the west coast of India.

(April 21, 2008, 2:04 AM)
At a recent informal sit down in New York, AMEX Head of Equities Rob Wotczak spoke about the resurgence of the Special Purpose Acquisition Corp. (SPAC). While popular in the '90s, the investment vehicle fell out of vogue quickly due to some unscrupulous issuers. Wotczak suggested the corporations weren't appropriately regulated because they weren't listed on a national exchange.

(April 15, 2008, 10:04 AM)

XTO Energy Inc. has entered into a definitive agreement to acquire producing properties, leasehold acreage, and infrastructure from Linn Energy LLC for $600 million. The purchase includes 152,000 net acres of Marcellus Shale leasehold in western Pennsylvania and West Virginia.

(March 20, 2008, 1:03 AM)

Plains All American Pipeline LP has commenced a private placement of $350 million of senior notes. The senior notes are expected to be eligible for trading under Rule 144A.

The partnership intends to use the proceeds to reduce outstanding borrowings under its credit facilities, which may be reborrowed to fund its capital program, including the acquisition of the Rainbow Pipe Line Co. and other acquisitions, and for general partnership purposes.

(March 20, 2008, 1:03 AM)

Schilling Robotics, a global producer of deep-ocean ROVs (remotely operated vehicles) and other specialty equipment used largely by the oil and gas industry to automate and control subsea exploration and production, has named Philip F. Otto as president and CEO.

(March 20, 2008, 1:03 AM)

James Perskey, Leon Codron, and E. Donald Terry have resigned from the Superior Offshore International Inc.'s board of directors. Terry has also resigned as president and CEO. Thomas E. Damon has resigned as executive vice president and CFO, and Steven J. Singer has resigned as executive vice president and general counsel. Wayne M. Rose has resigned as senior vice president - commercial and David Weinhoffer has been terminated as executive vice president.

(March 20, 2008, 1:03 AM)

El Paso Corp. has closed on the sale of certain Gulf of Mexico, onshore, and Texas Gulf coast properties. In total, El Paso contracted for the sale of an estimated 309 bcfe of proved reserves for $752 million in four transactions.

(March 20, 2008, 1:03 AM)

Urals Energy Public Co. Ltd., an independent exploration and production company with operations in Russia, reports the sale of certain of its non-core assets in the Komi Republic. The company is in the process of streamlining its portfolio to focus on its major assets in East Siberia.

(March 20, 2008, 1:03 AM)

Midland, Tex.-based Legacy Reserves LP has increased the borrowing base from its credit facility from a group of banks led by BNP PARIBAS to $272 million from the previous $225 million.

It will be further increased to $320 million coincident with the acquisition of Permian basin and Mid-continent producing properties, which is scheduled to close on April 30, 2008.