Yinson Holdings Berhad has agreed to dispose its 26% stake in Yinson Production to a Japanese consortium group for an estimated value of up to $117m.
The consortium members include Sumitomo Corporation, Kawasaki Kisen Kaisha, JGC Corporation, and the Development Bank of Japan.
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Yinson Production owns and operates an FPSO vessel with a storage capacity of 1.7mmbbls of oil and maximum future gas export capacity of 210mmscfd.
The acquisition will allow the consortium to expand its FPSO operations.
CEFC China Energy Company plans to acquire a stake in the retail business of Rosneft Oil Company.
Rosneft operates company-owned and leased sites in Russia, Ukraine, Belarus, Abkhazia and Kirgizia.
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By GlobalDataThe transaction will allow CEFC China Energy to extend its retail business operations.
Powerful United Limited (PUL) has completed the acquisition of an additional 8% stake in Misen Enterprises from Misen Energy for a purchase consideration of $3.4m, including an existing debt of $1.3m.
The deal was funded by PUL through the payment of $2.1m in cash. Misen Energy has the right to repurchase the sold shares within a period of two years.
Misen Energy currently owns a 54.5% stake, while PUL owns 45.5% stake in Misen Enterprises.
Forum Energy Technologies has completed the acquisition of Multilift Welltec (also known as Multilift Wellbore Technology) from Pelican Energy Partners.
Multilift Wellbore offers sand protection and completion tools for the oil and gas industry.
The acquisition enables Forum Technologies to expand its product portfolio.
