Brazil, Venezuela in turmoil amid low oil prices, CSIS forum told

South America’s two largest oil producing nations face bigger threats from political turmoil than depressed crude prices, but reforms in their national oil companies (NOC) and energy ministries may be essential for their governments to survive, speakers suggested at an Apr. 12 discussion at the Center for Strategic and International Studies. Source: News


Sage Midstream gets $500 million commitment

Privately held Sage Midstream Ventures LLC, Houston, has received a commitment of $500 million from private equity firm Stonepeak Infrastructure Partners for investment in North American energy projects. Source: News


Cox Oil acquires Chevron gulf properties

Privately held Cox Oil Offshore LLC, Dallas, has acquired Gulf of Mexico properties from Chevron Corp. that include 19 oil and gas fields and associated assets in federal and Louisiana state waters. Source: News


IMCA revises offshore guidance documents

The International Marine Contractors Association has revised two technical guidance documents often incorporated into offshore contracts of the oil and gas industry. Source: News