Darren
Barbee
Oil and Gas Investor
Upstream, Midstream Dividends Declared in the Week of July 8, 2024
Here is a selection of upstream and midstream dividends declared in the week of July 8.
Firms Blast ‘Conflict-ridden’ Martin Midstream Deal, Launch Counteroffer
Two New York-based capital firms say a May proposal by Martin Resource Management to buy Martin Midstream for $100 million represents a “below market and conflict-ridden proposal,” while the firm’s own offer has been rebuffed.
Solaris Stock Jumps 40% On $200MM Acquisition of Distributed Power Provider
With the acquisition of distributed power provider Mobile Energy Rentals, oilfield services player Solaris sees opportunity to grow in industries outside of the oil patch—data centers, in particular.
Solaris to Acquire Mobile Energy Rentals, Rename to Solaris Energy Infrastructure
Following the closing of its deal to acquire Mobile Energy Rentals, Solaris Oilfield Infrastructure will also be rebranding to Solaris Energy Infrastructure to more closely represent its expanded solutions offerings.
Offshore Guyana: ‘The Place to Spend Money’
Exxon Mobil, Hess and CNOOC are prepared to pump as much as $105 billion into the vast potential of the Stabroek Block.
Pembina Completes Partial Redemption of Series 19 Notes
The redemption is part of Pembina Pipeline’s $300 million (US$220.04 million) aggregate principal amount of senior unsecured medium-term series 19 notes due in 2026.
EIG Refinances $11B in Senior Debt for Aramco Pipeline Deal
EIG subsidiary Pearl Pipelines will use the proceeds to repay financing related to its $25.3 billion acquisition of 49% interest in Aramco Oil Pipelines Co. three years ago.
Kissler: Are We Set Up for a Summer Natural Gas Rally?
A warmer-than-normal season could jolt prices.
Solar Cell Maker Toyo, Blue World, Vietnam Sunergy Complete Merger
The newly combined solar company is expected to trade on the Nasdaq stock exchange under the ticker symbol TOYO.
MOGAS Wins Multimillion Contract for Aramco-backed S-Oil
MOGAS said the contract is part of S-Oil backer Aramco's largest investment in South Korea.