Cheniere Energy (Cheniere) has entered an agreement to purchase 17.3% of publicly held outstanding shares of Cheniere Energy Partners LP Holdings (Cheniere Partners) for $1.2bn.
Cheniere Partners shareholders will receive 0.475 Cheniere shares for each of its outstanding public share.
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Cheniere owns 82.7% of the issued and outstanding shares of Cheniere Partners.
The transaction will enable Cheniere to strengthen its mid-stream business operations.
Baytex Energy has agreed to purchase Raging River Exploration for C$2.8bn ($2.13bn).
Raging River’s shareholders will receive 1.36 Baytex shares for each share held in the company, while Baytex will issue 315 million shares to Raging River shareholders as part of the transaction.
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By GlobalDataBoth Baytex Energy and Raging River Exploration are Canada-based oil and gas companies.
The acquisition is expected to strengthen Baytex’s business operations.
US-based independent oil and gas company Cox Oil, through its affiliate MLCJR, has entered an agreement to acquire Energy XXI Gulf Coast (EGC) for $322m.
Cox Oil will take over all the shares of EGC for $9.1 per fully diluted share in cash, in accordance to the acquisition.
EGC is a US-based oil and gas exploration and production company involved in the development, exploitation and acquisition of oil and gas properties in Louisiana and Texas.
The acquisition is expected to strengthen Cox Oil’s business operations in the Gulf of Mexico.
China Aviation Oil (Singapore) Corporation plans to divest its remaining 39% stake in China Aviation Oil Xinyuan Petrochemicals (Xinyuan Petrochemicals).
Based in Singapore, China Aviation Oil (Singapore) Corporation is involved in the trading of aviation fuel and petroleum products, while Xinyuan Petrochemicals is involved in the trading of aviation fuel and petroleum products, as well as the provision of storage services.
SandRidge Energy has received a takeover bid from a group of 17 investors.
Based in the US, SandRidge Energy is an oil and natural gas exploration and production company.
