Well Conveyor AS, a Norwegian downhole technology company, has received equity investment from Chevron Technology Ventures (CTV), a division of Chevron U.S.A. Inc. Combined with additional investments from existing investors ProVenture and Investinor, the company raised 15.7 MNOK ($1.8 M).
Signet Maritime Corporation has announced that it closed a $140 million Senior Secured Term Loan Facility (the “Term Loan”) with Riverstone Credit Partners, L.P., a dedicated energy and power credit fund managed by Riverstone Holdings LLC.
The Bureau of Ocean Energy Management has approved Equinor and Shell’s transaction announced in May 2019, whereby Equinor exercised its preferential right to acquire 22.45% interest in the Caesar Tonga oil field from Shell Offshore Inc for a total consideration of USD 965 million in cash. Equinor’s interest in the field is now 46%. Anadarko Petroleum Corporation is the operator with a 33.75% interest, and Chevron holds 20.25% interest.
Occidental Petroleum Corporation has successfully completed its acquisition of Anadarko Petroleum Corporation in a transaction valued at $55 billion, including the assumption of Anadarko’s debt.
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