Parallel Petroleum Welcomes Samsung C&T
permianbasin360.com Parallel Petroleum Welcomes Samsung C&T By: Mycah Glover Updated: February 28, 2012 MIDLAND -- Deals are made in the Permian Basin oil and gas industry everyday, but not deals like this. Samsung C&T, a trading arm of Samsung Group, agreed to purchase Midland-based Parallel Petroleum from Apollo Global Management last year. Today, representatives from the Korean-based company traveled thousands of miles to formally announce their newest venture in the oil and gas business.