Valero Energy Partners, through its indirect wholly owned subsidiary Valero Partners Wynnewood, has completed the acquisition of a 40% stake in the Hewitt segment of Red River pipeline located in Oklahoma, US, from Plains All American Pipeline.
The transaction included a cash consideration of approximately $70m, which was funded by Valero Energy through cash in hand. The deal also covers the acquisition of a 40% undivided interest in two tanks located at Hewitt station.
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The 138mi-long Red River crude oil pipeline has a transfer capacity of 150,000 barrels a day.
The deal allows Valero Energy to expand its midstream assets portfolio in Oklahoma.
Pampa Energia intends to raise $750m through the issue of 7.6% bonds, due 2027, in a public offering.
Citigroup and Deutsche Bank are the joint book-runners, while Credit Agricole and Santander Investment are the underwriters to Pampa Energia for the issue.
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By GlobalDataLaredo Petroleum plans to dispose approximately 2,900 net acres located in Midland Basin, Texas, US, for $60m.
The amount raised from the divestiture is intended to be used by the company to settle a portion of its credit facility.
The transaction is scheduled for completion this January.
Pembina Pipeline Corporation intends to raise approximately $228m through the issue of 2.9% series 8 medium-term notes, due 22 January 2024.
The company has appointed CIBC World Markets, RBC Dominion Securities, National Bank Financial, TD Securities, BMO Nesbitt Burns, Scotia Capital, and J.P. Morgan Securities Canada as underwriters for the offering.
The amount raised from the issue is intended to be used by the company to repay its short-term liabilities under credit facilities, and to support its capital programme and general corporate purposes.
The offering is scheduled for completion today.
Banpu Public Company, through Kalnin Ventures, has acquired certain additional oil and gas assets located in the north-east Marcellus shale play, Pennsylvania, US, from Chief Exploration and Development.
The transaction included a purchase consideration of $63m for the acquisition of interests in more than 170 wells operated by seven operators.
