Hindustan Oil Exploration (HOEC) has signed an agreement with Geofinance Petroleum to acquire Geopetrol International.
HOEC, Geopetrol International and Geofinance Petroleum are oil and gas companies based in India.
Geopetrol International focuses on the Arunachal Pradesh region.
The transaction is expected to strengthen HOEC’s portfolio in the country.
Venturion Oil has announced it is seeking potential buyers.
Venturion is a Canadian oil and gas company that owns 100% working interest (WI) in properties located in Alberta and British Columbia, Canada.
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By GlobalDataThe company also owns waterflood assets.
The divestment is being carried out by BMO Capital Markets.
BG Asia Pacific has divested 8.5% of its stake in Mahanagar Gas (MGL).
MGL is currently owned by BG (32.5%), GAIL India (32.5%), the Government of Maharashtra (10%) and public shareholders (25%).
After the transaction, BG will own a 24% stake in MGL.
MGL is a natural gas distribution company based in India, while BG Asia Pacific is a Singapore-based holding company and a subsidiary of Shell India.
Darlington Partners has divested two million shares representing a 2.67% interest in Hoegh LNG Holdings.
Darlington Partners will own a 2.5% stake after the sale, representing 1.87 million shares in Hoegh LNG.
Darlington Partners is a fund managed by Fairview Capital Investment Management, while Hoegh LNG Holdings is an owner and operator of floating LNG terminals based in Bermuda.
Based in the US, Fairview Capital Investment Management is an investment management company.
