China LNG Group has signed an agreement to purchase an additional 800 to 1,000 LNG tank containers from CIMC Enric Holdings.
The company has concurrently agreed to purchase 275 liquefied natural gas (LNG) tank containers from CIMC Enric for CNY126.08m ($19.74m).
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Also based in China, CIMC Enric Holdings is an investment holding company.
The deal will strengthen China LNG’s business operations.
Total and Sonangol have entered a framework agreement to form a joint venture (JV).
The JV will focus on the development of a network of service stations in Angola and deal with the logistics and supply of petroleum products.
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By GlobalDataTotal and Sonangol are both integrated oil and gas companies based in France and Angola respectively.
Canada’s Government of Alberta has agreed to purchase the Trans Mountain Pipeline System and Trans Mountain Expansion Project (TMEP) from Kinder Morgan Canada for C$4.5bn ($3.52bn).
The Trans Mountain Pipeline is a 1,150km-long pipeline built to transport crude oil and refined products from Edmonton, Alberta, to the central British Columbia region, while the Trans Mountain Expansion Project is a proposed 980km pipeline, which will run parallel to the Trans Mountain Pipeline.
The Government of Alberta will fund the planning and development activities related to the recommencement of the TMEP. Kinder Morgan will work with the Government of Canada to look for a third party buyer for the pipeline.
Kinder Morgan Canada is a midstream company and a subsidiary of Kinder Morgan.
The company plans to use funds raised from the sale to strengthen its balance sheet.
Both the entities involved in the deal are based in Canada.
Kimbell Royalty Partners has entered a definitive agreement to purchase mineral and royalty interests held by Haymaker Minerals & Royalties and Haymaker Resources for $404m.
The mineral and royalty interests comprise more than 35,000 producing wells in the Permian Basin and Midcontinent areas and 42,759 net royalty acres.
Kimbell Royalty will pay $210m in cash and $194m through the issuance of ten million common shares, as part of the agreement.
The company will fund the cash consideration by issuing 7% series A cumulative convertible preferred units in a private placement to a subsidiary of Apollo Global Management for $110m and by borrowing $114m under a new $200m revolving credit facility with Frost Bank, Wells Fargo Bank, and Credit Suisse.
Based in the US, Kimbell Royalty is an oil and gas company, while Haymaker Minerals & Royalties and Haymaker Resources, together known as Haymaker, are both oil and gas royalty companies based in the US.
The transaction is expected to expand Kimbell’s oil and gas assets portfolio.
Canadian oil and gas company Permex Petroleum Corporation has signed a farm-out agreement to divest its 100% working interest in Oxy Yates property to Blackspear Capital Corporation, a venture capital firm.
Blackspear will pay for the drilling and operating costs associated with the asset, as part of the agreement.
Located in Eddy County, New Mexico, US, the Oxy Yates property covers an area of 680 acres and comprises eight producing wells and two shut-in wells.
The deal is expected to help Permex to repay its debts and finance its development activities.
US-based global private equity firm Warburg Pincus has invested C$180m ($138.53m) in Canadian oil and gas exploration company Artis Exploration.
Artis Exploration plans to utilise the funds to advance its development programme.
US-based midstream services provider Cypress Energy Partners has raised $43.5m through the private placement of convertible preferred units.
The placement will be subscribed to by a subsidiary of Cypress Energy.
The funds raised from the private placement will be used by the company to repay its debts and extend the maturity of its credit facility.
