Petroleum Equity has increased its stake in German oil and gas company RAG Deutschland GmbH (RDG) to 100% by acquiring the remaining 50% stake in the latter from Rohol-Aufsuchungs Aktiengesellschaft (RAG).
Petroleum Equity is a private equity firm based in the UK, while Rohol-Aufsuchungs Aktiengesellschaft is an Austrian energy company.
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The deal will strengthen Petroleum Equity’s investment portfolio.
Canadian oil and gas company EnCana Corporation has divested its natural gas assets located in Wheatland area, Alberta, Canada.
The assets cover approximately 520,000 net acres and consist of approximately 4,750 gas wells.
The transaction will enable Encana to focus on the development of its core oil and gas assets.
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By GlobalDataMidstream infrastructure development company Trilogy Midstream Investments has received an equity commitment from private equity firm NGP Energy Capital Management.
The deal will strengthen NGP’s investment portfolio.
Both companies involved in the transaction are based in the US.
Zenith Energy has entered an agreement with Royal Dutch Shell, an integrated energy company based in the Netherlands, to acquire the latter’s liquids storage terminal facility located in Hamburg, Germany.
The transaction will enable the Canadian midstream development company to expand its international footprint.
Echo Energy has raised £0.09m ($0.12m) by issuing 572,553 shares priced at £0.15 ($0.20) a share.
The UK-based exploration company holds assets in Egypt, Tunisia and Italy.
US- based private mineral acquisition company Fortis Minerals plans to sell a part of its oil and gas properties covering 847 net mineral acres and 1,508 net royalty acres in Winkler County, Texas, US.
SM Energy Company has signed a definitive agreement to divest its oil and gas assets located Powder River Basin, Wyoming, US, for $500m.
The US-based oil and gas company plans to use the funds towards the development of its Midland Basin and Eagle Ford assets, and other corporate purposes.
