[ TRANSACTION RECORD ]

Saudi Aramco Investment in MidOcean Energy — 2023

VERIFIED VECTOR ID: 001503 · tx-031
M SOURCE NODE — FUNDER
Saudi Aramco
Energy Saudi Arabia
$500,000,000
EQUITY
28/09/2023
Q DESTINATION NODE — RECIPIENT
MidOcean Energy
Company United States
Amount (USD)
$500.0M
Flow Type
EQUITY
Transaction Date
28/09/2023
Primary Source
View Filing ↗
Funder Profile [ M ]
Entity Saudi Aramco
AUM 2000000
HQ Location Saudi Arabia
Sector Energy
Recipient Profile [ Q ]
Entity MidOcean Energy
Entity Type Company
Jurisdiction United States
Intelligence Note

Saudi Aramco completed the acquisition of a minority stake in MidOcean Energy for 500 million dollars, marking its first international investment in LNG. The transaction supports Aramco’s strategy to expand its global gas portfolio and participate in the energy transition. This deal highlights the strategic shift of major oil producers toward cleaner fuel sources.

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Primary Forensic Source https://www.aramco.com/en/news-media/news/2023/aramco-to-acquire-strategic-minority-stake-in-midocean-energy/
✓ SOURCE LINKED