London-listed MX Oil has formed a new joint venture (JV) to participate in forthcoming Mexican offshore licensing rounds. MX Oil, which bills itself as an oil and gas investment company, formed the JV with Mexican oil services specialist Geo Estratos. The entity, named Geo Estratos MXOil Exploration, will be owned 51% by MX and 49% by Geo. MX is to invest $1 million in the JV, which has a permit to operate in Mexico, allowing it to participate in E&P bidding rounds scheduled to start in November.
Recommended Reading
TPG Adds Lebovitz as Head of Infrastructure for Climate Investing Platform
2024-02-07 - TPG Rise Climate was launched in 2021 to make investments across asset classes in climate solutions globally.
Air Products Sees $15B Hydrogen, Energy Transition Project Backlog
2024-02-07 - Pennsylvania-headquartered Air Products has eight hydrogen projects underway and is targeting an IRR of more than 10%.
HighPeak Energy Authorizes First Share Buyback Since Founding
2024-02-06 - Along with a $75 million share repurchase program, Midland Basin operator HighPeak Energy’s board also increased its quarterly dividend.
Occidental Increases Annual Dividend by 22%
2024-02-11 - Occidental Petroleum Corp.’s newly declared dividend is at an annual rate of $0.88 per share, compared to the previous annual rate of $0.72 per share.
Atmos Energy Announces Quarterly Dividend
2024-02-11 - Atmos’ dividend marks the company’s 161st consecutive quarterly dividend.