Deals this week: Genesis Energy, Echo Energy, Total

Genesis Energy has sold its Powder River Basin (PRB) midstream assets in the US to Silver Creek Midstream for $300m.

The acquisition also includes associated crude oil gathering systems and facility assets.

Both companies involved in the transaction are US-based midstream energy companies.

The acquisition allows Silver Creek to provide premium crude takeaway solutions to its customers, while expanding its presence in the PRB.

Echo Energy has agreed to conduct technical evaluation works at the Rio Salado block in Bolivia, under an agreement with Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).

The work includes the interpretation and integration of three 2D seismic lines at the block, which is estimated to contain 1.75 trillion cubic feet of original gas in place.

The deal will give Echo the right to negotiate contract terms with YPFB for the Rio Salado licence, upon completion of the evaluation.

Based in the UK, Echo is an oil and gas company, while Yacimientos Petrolíferos Fiscales Bolivianos Bolivian state-owned enterprise focussed on the exploration, development and production of oil and gas.

Total and Adani Group have entered a deal to jointly develop multi-energy offerings in India.

The partners will develop liquefied natural gas (LNG) terminals, including Dhamra LNG on East coast, and collaborate on fuel retail activities in the country.

The collaboration aims to supply reliable, affordable and clean energy to the growing Indian consumers.

A retail network of 1,500 service stations will be built by a joint venture created by the partners, over a period of ten years.

The new stations will offer Total’s complete range of fuels, lubricants and a range of other products and services to the customers in India.

Based in France Total is an oil and gas company while Adani Group is a India-based integrated infrastructure company with diverse businesses.