IPO
IPO , Exploration & Production , Energy Transition
Eni Plans IPO for Norwegian JV Reportedly Worth Up to $13 Billion
Eni, headed by CEO Claudio Descalzi, will remain a majority shareholder in a venture that one source close to the matter said could be valued at between $10 billion and $13 billion in an IPO.
IPO , Markets
ADNOC Weighs IPO of Logistics and Services Unit Next Year, Sources Say
Gulf oil producers are looking at sales of stakes in energy assets, capitalizing on a rebound in crude prices to attract foreign investors.
IPO , Shale Plays , Acquisitions & Divestitures
Black Mountain Founder Rhett Bennett Launches Energy SPAC
Black Mountain Acquisition Corp. expects to capitalize on the successful track record of its founder, Rhett Bennett, to identify and acquire a business in the energy industry in North America.
IPO , Acquisitions & Divestitures
Kimbell Royalty Partners Launches $200 Million SPAC
The SPAC—named Kimbell Tiger Acquisition Corp.—will target the energy and natural resources space in North America, said Kimbell Royalty Partners, which will control the company’s sponsor.
IPO
Neptune Energy Considers Launching Nearly $10 Billion IPO
Neptune Energy was founded in 2015 with private equity backing from investors and has operations across Europe, North Africa and the Asia Pacific region.
Public Capital , IPO , Energy Transition , Trends
Oil and Gas Investor I-Banking Trends: Cheaper Money
Debt capital is on sale, and public equity markets aren’t closed to oil and gas operators either. Some just don’t have any use right now for the cash—that is, a use that investors would support.
IPO , Shale Plays
Blackstone-backed Vine Energy Opens Below Offer Price in Market Debut
Blackstone-backed natural gas explorer Vine Energy’s stock opened at $13.75 per share, giving the company a valuation of $952.7 million.
IPO , Energy Transition
Energy Buyout Firm Riverstone Preparing Cleantech SPAC IPO
The new entity will raise money from investors in an IPO, which will form the basis of a war chest to buy a privately-owned clean energy business, sources said.
Public Capital , IPO
Saudi Aramco IPO Proceeds Reportedly Rise To $29.4 Billion
The proceeds from Saudi Aramco's record IPO have risen to $29.4 billion after the oil company exercised an option to sell 15% more stock, an executive at one of the banks leading the deal told Al Arabiya news channel.
IPO , Crude Oil
Saudi Arabia Wants OPEC+ To Deepen Oil Cuts Due To Aramco IPO
OPEC and its allies plan to deepen oil cuts and have the deal in place so it runs at least until June 2020 as Saudi Arabia wants to deliver a positive surprise to the market before the listing of Saudi Aramco, two sources familiar with the talks said.