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

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.  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.  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.  Additionally, the pool actually makes more annual interest than if they were to loan money traditionally.  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).  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> 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.  In 2014, the company bought the commodities trading arm of J.P. Morgan in a reported US$800 million deal. <SEP> 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.  Hess, headquartered in New York City, placed #394 in the 2016 list of Fortune 500 corporations.  In 2014, Hess completed a multi-year transformation to an exploration and production company by exiting all downstream operations, generating approximately $13 billion from assets sales beginning in 2013.  Hess sold its gas station network to Marathon Petroleum (which operates under the retail brand Speedway); sold its wholesale and retail oil, natural gas and electricity marketing business to Direct Energy; closed its refineries in Port Reading NJ and St. Croix USVI (Hovensa JV with PDVSA); sold its bulk storage and terminalling business mostly to Buckeye Partners; and sold its 50% interests in two New Jersey power plants to their respective JV partners (Bayonne Energy Center: ArcLight Capital and Newark Energy Center: Ares EIF).  Hess also sold its 50% interest in its JV commodities trading arm HETCO (Hess Energy Trading Company) to Oaktree Capital.  HETCO is now known as Hartree Partners. <SEP> Claude Wilfrid Etoka (aka Willy Etoka) (born 30 May 1969, in Brazzaville, Congo) is the congolese nominee of the son of the Congolese president Kiki Sassou-Nguesso, CEO of Oil Trading company SARPD Oil and Oil palm production company Eco Oil Energy .  Etoka was listed by Forbes Africa as the 10th richest man of Africa, with a wealth estimated at 500 M$.  Within 10 years, his company SARPD Oil is ranked as the fifth oil player in Africa in terms of trading.  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).