Blackstone To Raise Stake in The Gulf of Mexico

  • Jul 29, 2020 NZST
  • Team Kalkine
Blackstone To Raise Stake in The Gulf of Mexico

Blackstone Group signs a primary deal to raise its stake in a drilling project at the Gulf of Mexico.

  • The Israel-based Navitas Petroleum mentioned that the Blackstone Group is aiming to raise its current stake at the Gulf of Mexico from 16 per cent to 47 per cent.
  • Navitas had partnered with LLOG- a U.S-based oil firm and Beacon Offshore Energy- a portfolio company of Blackstone for drilling at the Shenandoah discovery, which holds 431 million barrels of oil.
  • As per Navitas, Blackstone is now buying 31 per cent of LLOG’s holdings in the USD 250 million project.


The website has been prepared for informational purposes only and is not intended to be used as a complete source of information on any particular company. The above article is NOT a solicitation or recommendation to buy, sell or hold the stock of the company (or companies) under discussion. Kalkine does not in any way endorse or recommend individuals, products or services that may be discussed on this site.


We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. OK