Hoegh LNG Partners LP (HMLP) has agreed the $85.9m acquisition of the remaining 49% stake in Hoegh LNG Colombia Holding Ltd and Hoegh LNG Colombia SAS, from a subsidiary of Hoegh LNG Holdings Ltd.
The consideration is intended to be funded by HMLP through cash and drawings under its revolving credit facility.
The target companies own and operate the floating storage and regasification unit (FSRU) Hoegh Grace, which will serve a new LNG import terminal in Cartagena, on the Atlantic coast of Colombia.
HMPL will hold a 100% stake in the Hoegh Grace FSRU upon completion of the transaction by January 2018.
Hague and London Oil (HALO) has received approval from the shareholders for the acquisition of Tullow 101 Netherlands, a subsidiary of Tullow Oil.
The transaction involved the transfer of Tullow’s ownership stakes in multiple offshore natural gas exploration and production licences in the Dutch North Sea to HALO.
HALO and Tullow signed a conditional sale and purchase agreement for the acquisition in April 2017.
The agreement includes 12 licences on the Dutch Continental Shelf (DCS), which jointly produced 2,900boepd in 2016.
