Question: Which European based oil giant bought the commodities trading arm of J.P. Morgan in 2014?

<P0-S0> Hess Corporation (formerly Amerada Hess Corporation) is an American global independent energy company engaged in the exploration and production of crude oil and natural gas. <P0-S1>  Hess, headquartered in New York City, placed #394 in the 2016 list of Fortune 500 corporations. <P0-S2>  In 2014, Hess completed a multi-year transformation to an exploration and production company by exiting all downstream operations, generating approximately $13 billion from assets sales beginning in 2013. <P0-S3>  Hess sold its gas station network to Marathon Petroleum (which operates under the retail brand Speedway); sold its wholesale and retail oil, natural gas and electricity marketing business to Direct Energy; closed its refineries in Port Reading NJ and St. Croix USVI (Hovensa JV with PDVSA); sold its bulk storage and terminalling business mostly to Buckeye Partners; and sold its 50% interests in two New Jersey power plants to their respective JV partners (Bayonne Energy Center: ArcLight Capital and Newark Energy Center: Ares EIF). <P0-S4>  Hess also sold its 50% interest in its JV commodities trading arm HETCO (Hess Energy Trading Company) to Oaktree Capital. <P0-S5>  HETCO is now known as Hartree Partners. <SEP> <P1-S0> A bank pool loan (BPL) is a fairly new form of loan, used by US based firms trading on public markets that need funding of under $10,000,000. <P1-S1>  In a BPL, a group of European based banks (the pool), create a European firm whose sole purpose is to loan money to a US based company. <P1-S2>  Because this loan to the European based bank is completely insured, the BPL does not have as high a risk if the loan is defaulted on. <P1-S3>  Additionally, the pool actually makes more annual interest than if they were to loan money traditionally. <P1-S4>  This allows US based firms to borrow as much as $10,000,000 completely interest free as long as it is backed by collateral of some sort (usually stock). <P1-S5>  The Regulations require that the loan be of "good value" and so the newly formed European company usually requires securities to back the loan to pass this qualification. <SEP> <P2-S0>  In 2014, the company bought the commodities trading arm of J.P. Morgan in a reported US$800 million deal. <P2-S1> Mercuria Energy Group Ltd is a privately held Swiss international commodity trading company active over a wide spectrum of global energy markets including crude oil and refined petroleum products, natural gas (including LNG), power, coal, biodiesel, carbon emissions, base metals and agricultural products. <SEP> <P3-S0> Claude Wilfrid Etoka (aka Willy Etoka) (born 30 May 1969, in Brazzaville, Congo) is the congolese nominee of the son of the Congolese president Kiki Sassou-Nguesso, CEO of Oil Trading company SARPD Oil and Oil palm production company Eco Oil Energy . <P3-S1>  Etoka was listed by Forbes Africa as the 10th richest man of Africa, with a wealth estimated at 500 M$. <P3-S2>  His company facilitates the supply of 60% of the Congolese fuel market, In "Jeune Afrique" (11 May 2015), Etoka featured as one of the well-connected ‘Golden Boys’; new African traders breaking through in the oil markets traditionally dominated by the international oil giants which are controlled and owned by Europeans (Glencore, Trafigura, Vitol, Mercuria, Oryx Energy). <P3-S3>  Within 10 years, his company SARPD Oil is ranked as the fifth oil player in Africa in terms of trading.