Investment Summary

Aramco Invests In MidOcean Energy

On September 28, 2023, Aramco invested in oil/gas exploration company MidOcean Energy

Investment Highlights
  • This is Aramco’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is Aramco’s 2nd transaction in the United States.
  • This is Aramco’s 1st transaction in District of Columbia.

Investment Summary

Date 2023-09-28
Target MidOcean Energy
Sector Oil/Gas Exploration
Investor(s) Aramco
Deal Type Stake Purchase

Target

MidOcean Energy

Washington, District of Columbia, United States
MidOcean Energy is a liquefied natural gas (LNG) company builds a diversified, resilient, cost and carbon competitive LNG portfolio. MidOcean Energy is based in Washington, District of Columbia.

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Investor(S) 1

Investor

Aramco

Dhahran, Saudi Arabia

Category Company
Founded 1933
Sector Oil/Gas Exploration
Employees54,041
DESCRIPTION
Aramco office in downtown Houston, Texas.
Aramco office in downtown Houston, Texas.

Aramco operates as an integrated energy and chemical company in Saudi Arabia and internationally. Aramco was founded in 1933 and is headquartered in Dhahran, Saudi Arabia.


DEAL STATS #
Overall 6 of 8
Sector: Oil/Gas Exploration M&A 2 of 3
Type: Stake Purchase M&A Deals 2 of 3
State: District of Columbia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-08-23 Horse Powertrain

London, United Kingdom

Horse Powertrain offers hybrid and combustion powertrain solutions. It consists of two divisions, Aurobay and HORSE. Horse Powertrain is based in London, United Kingdom.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-03-01 Esmax

Las Condes, Chile

Esmax is a fuel distribution company in Chile. Esmax operates in the retail segment under the Petrobras Distribucion brand. Esmax manages 279 service stations, 130 with convenience stores. In addition, Esmax operates in the industrial, aviation and lubricants businesses, with a competitive infrastructure network across the entire country. Esmax is based in Las Condes, Chile.

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