Category: Deal News

Peru has sanctioned a financing package worth $1.75bn (6.59bn new sol) to assist the state oil company Petroperu, reported Reuters.   

ExxonMobil has signed a project framework agreement with Japan’s Mitsubishi for participation in its proposed hydrogen and ammonia facility.

Gevo signed a definitive agreement to acquire Red Trail Energy’s ethanol production plant and CCS assets for $210m.  

1PointFive has secured funding of up to $500m from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED). 

Seadrill is actively seeking opportunities to expand through asset acquisitions or by merging with industry peers, reported Reuters.

Bapco Energies has entered into an agreement with BlackRock’s team to sell a minority stake in the Saudi Bahrain Pipeline Company (SBPC).  

Viper Energy, along with its operating subsidiary Viper Energy Partners (OpCo), has agreed to acquire subsidiaries of Tumbleweed Royalty IV.

Diamondback Energy has completed the merger with Endeavor Energy Resources, creating a leading operator focused on the Permian Basin. 

American oil company APA has announced the signing of an agreement to sell non-core producing properties in the Permian Basin for $950m.   

OQ is reportedly planning to launch an IPO for its exploration and production division, OQ Exploration & Production, to raise around $2bn.