Category: Deal News

Validus Energy, a privately held oil and gas producer, has agreed to acquire Citizen Energy for over $2bn, including debt, Reuters reported.

Prio is currently in optimistic discussions with China’s Sinochem regarding the acquisition of a 40% stake in the Peregrino oil field.

Point Energy Partners II, a Vortus Investments Advisors portfolio company, has concluded the sale of its Delaware Basin assets to Vital Energy and Northern Oil and Gas (NOG) in a deal valued at $1.1bn.

Adani Total Gas has announced a financing agreement with international lenders, securing $375m (Rs31.32m) to support its expansion plans.  

Kimmeridge Energy Management is set to reduce its ownership in a Louisiana-based LNG export project from 100% to 51%, reported Reuters.

Chesapeake Energy’s anticipated acquisition of Southwestern Energy is now expected to close early in the fourth quarter of 2024.

Woodland Biofuels has announced a $1.35bn investment to establish a carbon-negative renewable natural gas (RNG) plant.

Australia’s Santos has finalised a sale and purchase deed for the transfer of a 16% interest in the Bayu-Undan upstream project to TIMOR GAP.  

MidOcean Energy, an EIG-managed LNG company, has entered into a definitive agreement to acquire an additional 15% interest in Peru LNG from Hunt Oil Company.  

bp has entered into an agreement with Apollo-managed funds for the sale of a non-controlling interest in its subsidiary, bp Pipelines TAP.