Nissa
Darbonne
Oil and Gas Investor
EQV Ventures Raises $350MM in IPO for E&P, Midstream M&A
EQV Ventures reported “there is approximately $75 billion of private upstream assets held by aging private-equity funds that may require liquidity over the next five years.”
International OFS Firm HMH Plans to IPO, Activate in M&A
The firm is a 50/50 joint venture of Baker Hughes and Akastor ASA formed in 2021 to include brands such as Hydril and Vetco Gray as well as Wirth and Maritime Hydraulics.
Tallgrass Gets $843MM Investment from Canadian Pension Plan
The Canada Pension Plan Investment Board is investing in private midstream company Tallgrass Energy, which has assets in 14 U.S. states.
Affiliates of Oxy to Sell Western Midstream Common Units
Western Midstream Partners announced the pricing of the underwritten secondary public offering of its common units.
OFS Consolidation Continues with Flowserve to Buy MOGAS
Flowserve will purchase MOGAS Industries for at least $290 million, part of a number of oilfield service company acquisitions announced in 2024.
Ingham Named President of Texas Alliance of Energy Producers
Karr Ingham served as interim president of the Texas Alliance of Energy Producers for nine months prior to assuming the full leadership position.
Archrock Offers $500 Million in Secure Notes for TOPS Deal
Archrock is raising debt and selling equity to pay for its $983 million acquisition of Total Operations and Productions Services.
Cheniere’s Corpus LNG Stage 3 Project on Track for Year-end Start
Cheniere Energy., which boasts 45 mtpa of LNG production capacity, is on schedule for first LNG production from its Corpus Christi LNG Stage 3 project by year-end 2024, the company’s CEO Jack Fusco said during a quarterly earnings webcast.
Summit Sees Drop-off in Gas Traffic Following Utica Midstream Sale
Summit Midstream spent the second quarter reorganizing and raising cash for the future, the company's CEO said.
Dividends Declared in the Week of Aug. 5
Here are second-quarter dividends declared from select upstream and midstream companies from the week of Aug. 5.