Par Pacific Holdings, Inc. has agreed to acquire Hermes Consolidated, LLC, operating as Wyoming Refining Company, from Black Elk Refining, LLC.
The deal implies a net value of $271.4m, including the assumption of $58m of the target company’s debt, and will be funded through a combination of debt, equity and cash in hand.
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Evercore Partners Inc. is the financial advisor to Black Elk for the transaction, which is scheduled for completion in mid-July 2016.
Mineral Resources Limited (MRL) has completed the acquisition of an additional 18.72% interest in Empire Oil & Gas NL (EGO) from ERM Power Limited (ERM).
The deal implies an estimated value of approximately $6.38m, based on the agreed sale price of $0.33 a share. MRL now owns 19.36% interest in EGO.
Petroleo Brasileiro S.A. (Petrobras) has initiated a competitive auction process to sell its subsidiary Liquigas Distribuidora S.A.
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By GlobalDataLiquigas Distribuidora is a distributor of liquefied petroleum gas (LPG). It owns 23 operative centres, 19 deposits, a storage and rail base, and a network of approximately 4,800 authorised LPG resellers.
Getech Group plc has signed a pact to acquire Exprodat Consulting Ltd. The deal implies a purchase consideration $2.5m, which will be funded through a combination of cash and equity.
Exprodat offers geographical information systems (GIS) and information management solutions to the upstream oil and gas industry.
The acquisition will allow Getech to offer geo-science expertise and products for its clients in the oil and gas sector.
