MARKET WATCH: NYMEX crude oil price bobbles over tariff talks

The light, sweet crude oil price for May increased on the New York market Apr. 5 as reports that the US would be willing to negotiate a trade resolution with China helped ease market fears of a trade war between the countries. Source: News


Linn closes sale of Uinta basin assets to Silverpeak

Linn Energy Inc., Houston, has closed on the sale of certain Uinta basin assets to Silverpeak, a New York-based investment management firm, for $132 million. The sale, though not the buyer, was disclosed by Linn in January. Source: News


OMV gets 20% stake in Abu Dhabi concession

OMV AG expects to sign by the end of April documents for its acquisition of a 20% interest in the concession for Satah Al Razboot (SARB) and Umm Lulu oil fields offshore Abu Dhabi.   Source: News


Targa completes Joyce gas plant in Permian basin

Targa Resources Corp., Houston, has completed construction of subsidiary Targa Pipeline Mid-Continent WestTex LLC’s grassroots 200-MMcfd Joyce plant in Rankin, Tex., in the Permian basin of Upton County, Tex. Source: News


Mitsui goes unconditional on AWE takeover bid

Japan combine Mitsui & Co has declared its takeover bid for Sydney-based AWE Ltd. to now be unconditional following the acquisition of 51.89% of AWE’s shares. Source: News