MidOcean Energy to buy further 15% stake in Peru LNG
MidOcean Energy to buy further 15% stake in Peru LNG from Hunt
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. This transaction, upon completion, will increase MidOcean's stake in the South American liquified natural gas (LNG) export project from 20% to 35%.
EIG-backed MidOcean Energy to acquire additional 15 percent stake in Peru LNG from Hunt Oil
PLNG owns and operates the only LNG export facility in South America, which is located in Pampa Melchorita, Peru.
Aramco to up stake in EIG's MidOcean to 49%, fund new stake in Peru LNG
Saudi Aramco will increase its stake in liquefied natural gas firm MidOcean Energy to 49% and fund its acquisition of a new 15% stake in Peru LNG from Hunt Oil Company, MidOcean and Hunt said on Monday.
Saudi Aramco Expands Investment in MidOcean and Peru LNG
Saudi Aramco has intensified its investment strategy by acquiring an additional stake in MidOcean Energy and making a substantial commitment to Peru LNG. The state-owned oil giant's move is part of a broader effort to diversify its portfolio and secure a foothold in strategic energy sectors worldwide.
MidOcean Energy to increase stake in Peru LNG to 49%
Liquefied natural gas (LNG) business MidOcean Energy has signed a deal to acquire an additional 15% interest in Peru LNG (PLNG), taking its stake in the South American export facility to 49%.
Rigzone2d
MidOcean to Increase Stake in Peru LNG
MidOcean Energy is acquiring an additional 15 percent interest in Peru LNG (PLNG) from Hunt Oil Company. Upon closing of the transaction, MidOcean’s interest in PLNG will increase from 20 ...
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Aramco agrees to acquire minority stake in MidOcean Energy for $500m
Aramco has signed definitive agreement to purchase a minority stake in liquefied natural gas (LNG) company MidOcean Energy in a deal valued at $500m (SR1.8bn). The Middle East oil and gas giant ...
Saudi Aramco wants to be a major LNG gas player, gas chief says
The world's largest oil producer, Saudi Aramco , wants to become a major liquefied natural gas player, the head of its ...
Oil5d
Hunt farms out 15% interest in Peru LNG to MidOcean Energy
Hunt Oil Co. has agreed to farm out a 15% interest in Peru LNG (PLNG) to MidOcean Energy. Following the deal’s closing, ...
Hunt Oil Co. to sell part of stake in groundbreaking South American project
Dallas-based Hunt Oil Co. will sell some of its stake in a company that owns Peru's only liquefied national gas export ...
Morningstar5d
EIG’s MidOcean Energy to Acquire Additional 15% Interest in Peru LNG from Hunt Oil Company
MidOcean Energy (“MidOcean” or the “Company”), a liquefied natural gas (LNG) company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure ...
Upstream4d
Aramco expands its footprint in global LNG arena
Following closing of the transaction, MidOcean’s interest in PLNG will increase from 20% to 35%. The purchase price was not ...