Posts filtered by tags: EIG Global Energy Partners[x]


 

New Giant #Saudi Pension Fund Aims to Crack World’s Top 10 Ranks - Bloomberg

New Giant Saudi Pension Fund Aims to Crack World’s Top 10 Ranks - Bloomberg Saudi Arabia gave a first glimpse of the ambition behind the merger of two of its pension and insurance funds with a plan to rival the world’s largest investors.The new entity will boast assets of over $250 billion, according to the chief executive officer of Hassana Investment Co, the investment management arm of the kingdom’s General Organization of Social Insurance. GOSI, as the fund is known, will combine with the ...
Tags: Travel, Japan, Saudi Arabia, China, Bloomberg, PPA, Hassana, AstraZeneca PLC, Rupert Neil Bumfrey, EIG Global Energy Partners, New York State Common Retirement Fund, Al Rajhi Bank, Bloomberg Saudi Arabia, Public Pension Agency, GOSI, Global SWF


EIG-led consortium closes $12.4 bln Aramco pipelines deal | Reuters

EIG-led consortium closes $12.4 bln Aramco pipelines deal | Reuters U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's (2222.SE) pipelines business for $12.4 billion.EIG said the co-investment process for the deal attracted a global group of investors from China, Saudi Arabia, Korea, the United Arab Emirates and the United States.It included Abu Dhabi's Mubadala Investment Company, Silk Road Fund, Hassana and Sam...
Tags: Travel, United States, United Arab Emirates, Abu Dhabi, Reuters, Aramco, Reuters U S, EIG, Rupert Neil Bumfrey, EIG Global Energy Partners, China Saudi Arabia Korea, Mubadala Investment Company Silk Road Fund Hassana, Samsung Asset Management


EIG-Led Consortium Closes $12.4 Billion Aramco Pipelines Deal

(Reuters) - U.S.-based EIG Global Energy Partners said on Friday a consortium it led has closed a deal to buy 49% of Saudi oil producer Aramco's...
Tags: Aramco, Reuters U S, EIG Global Energy Partners, EIG Led Consortium


MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters

MIDEAST STOCKS Most Gulf markets rise as oil rebounds; Egypt bucks trend | Reuters Major stock markets in the Gulf ended higher on Thursday, supported by a rebound in oil prices, but the Egyptian index bucked the trend to close lower.Brent crude oil futures LCOc1 were up 18 cents, or 0.25%, at $72.40 a barrel by 1024 GMT, holding just shy of a high not seen since May 2019.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, extending gains for the fourth consecutive session, with Al Rajhi...
Tags: Travel, Saudi Arabia, Qatar, Egypt, Dubai, Abu Dhabi, Gulf, Reuters, Adi, Reuters Major, Riyad Bank, Tasi, Rupert Neil Bumfrey, Industries Qatar, EIG Global Energy Partners, QSI


MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters

MIDEAST STOCKS Major Gulf indexes mixed in early trade | Reuters Major Gulf stocks were mixed in early trade on Thursday, with the Saudi Arabia index on track to gain for a fourth consecutive session, buoyed by banking shares.Saudi Arabia's benchmark index (.TASI) edged up 0.1%, with Al Rajhi Bank (1120.SE) gaining 0.6% and Saudi National Bank (1180.SE) advancing 0.4%.Separately, Saudi Arabia's sovereign wealth fund, the Public Investment Fund, said on Tuesday it has established two deputy gov...
Tags: Travel, Saudi Arabia, Qatar, Dubai, Abu Dhabi, Gulf, Reuters, Tasi, Rupert Neil Bumfrey, EIG Global Energy Partners, Mubadala, Public Investment Fund, Qatar National Bank QNB, Al Rajhi Bank, First Abu Dhabi Bank, DFMGI


Aramco Is Said to Weigh Sale of Stake in Natural Gas Pipelines - Bloomberg

Aramco Is Said to Weigh Sale of Stake in Natural Gas Pipelines - BloombergSaudi Aramco is considering the sale of a stake in its vast natural gas pipeline network to help free up cash and draw more international investors to the kingdom, people familiar with the matter said.The state-owned energy producer is holding preliminary discussions on the potential move, the people said, asking not to be identified because the information is private. Any deal could raise billions of dollars for Dhahran-b...
Tags: Travel, Saudi Arabia, Qatar, Aramco, Bloomberg News, Dhahran, BP Plc, Saudi Arabian Oil Co, Rupert Neil Bumfrey, EIG Global Energy Partners, Yasir al Rumayyan, Abdulaziz Al Gudaimi, Natural Gas Pipelines Bloomberg, Natural Gas Pipelines BloombergSaudi Aramco, Amin Nasser Saudi Arabia


Mideast Stocks: Most major Gulf markets fall; #Dubai gains | ZAWYA MENA Edition

Mideast Stocks: Most major Gulf markets fall; Dubai gains | ZAWYA MENA EditionStock markets in the Gulf slipped on Sunday after oil prices fell at the end of last week, although Dubai bucked the trend to trade higher.Oil prices settled lower on Friday and lost around 2% on the week as production increases and renewed COVID-19 lockdowns in some countries offset optimism about a recovery in fuel demand.The movement in oil prices is a key catalyst for the Gulf region's financial markets.Saudi Arabi...
Tags: Travel, Saudi Arabia, Qatar, Middle East, Dubai, Abu Dhabi, Gulf, Saudi Aramco, Mideast, Emaar Properties, Rupert Neil Bumfrey, EIG Global Energy Partners, Al Rajhi Bank, Abu Dhabi National Oil Company Adnoc, Qatar Electricity and Water, Gulf Pharmaceutical Industries


Engie, Caisse to Buy Petrobras Pipe Unit for $8.6 Billion

Engie and the Caisse prevailed after multiple rounds of bidding for the unit, known as TAG, beating out Macquarie Group Ltd. and a joint bid from EIG Global Energy Partners and Mubadala Development Co. It is the biggest-ever single asset sale for Petrobras, whose new chief executive officer has sought to speed divestitures that began years ago, when the state-run energy giant briefly became the world’s most indebted oil company. Engie has been selling oil and coal assets in recent years to fund...
Tags: News, Petrobras, Engie, Macquarie Group Ltd, EIG Global Energy Partners, Mubadala Development Co, Engie Caisse, Buy Petrobras Pipe Unit


Petrobras agrees to sell pipeline unit to Engie for $8.6 billion

SAO PAULO/RIO DE JANEIRO (Reuters) - A consortium led by France's Engie SA submitted the highest offer for a major gas pipeline unit owned by Brazil's Petroleo Brasileiro SA, the state-run oil firm said on Friday, as the company's biggest divestment draws to a close. In a filing, Petrobras, as the company is known, said the Engie consortium, which includes Canada's Caisse de Dépôt e Placement du Québec, presented an $8.6 billion bid for 90 percent of the TAG gas pipeline unit in northern and no...
Tags: Science, France, Canada, Brazil, Petrobras, Sao Paulo, Petroleo Brasileiro SA, Engie, RIO DE JANEIRO Reuters, EIG Global Energy Partners, Mubadala Investment Company, Engie SA


Petrobras rejects latest EIG-backed bid for oilfields: sources

Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process.
Tags: Money, businessNews, Petrobras, Petroleo Brasileiro SA, EIG, EIG Global Energy Partners


Exclusive: Petrobras rejects latest EIG-backed bid for oilfields - sources

Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late in the process. Ouro Preto Oleo e Gas, a Brazilian energy firm backed by sector-focused private equity firm EIG entered exclusive talks in July with Petrobras, as the state-run oil firm is known, to purchase its Pampo and Enchova clusters. Petro...
Tags: Science, Brazil, Petrobras, Petroleo Brasileiro SA, EIG, EIG Global Energy Partners, Pampo


EIG-backed group in exclusive talks for mature Petrobras oilfield clusters: Reuters

Brazilian state-controlled oil company Petroleo Brasileiro SA has chosen to enter exclusive talks to sell two shallow water mature oilfields to a group backed by EIG Global Energy Partners, two people familiar with the matter said. Brazilian energy firm Ouro Preto Óleo e Gás, backed by EIG, made the top bid for the so-called Pampo and Enchova clusters, located in the Campos basin off the coast of Rio de Janeiro state, beating out Trident Energy, a Warburg Pincus-backed firm, the sources said. Th...
Tags: Trends, M&a, Brazil, Rio De Janeiro, Petrobras, Latin America, Warburg Pincus, Reuters, Campos, Petroleo Brasileiro SA, Ouro Preto, EIG, EIG Global Energy Partners, Riverstone Holdings, OGX, First Reserve Corporation


BIP adds two senior managing directors to team

Blackstone Infrastructure Partners has named Wallace Henderson and Sebastien Sherman as senior managing directors. Henderson will be responsible for leading midstream infrastructure investments while Sherman will be in charge of leading BIP’s coverage of the utility, renewables and transportation sectors. Previously, Henderson worked at EIG Global Energy Partners where he was managing director, head of midstream and a member of the executive committee. And, prior to joining BIP, Sherman was head...
Tags: Hong Kong, Real Estate, New York, Americas, Trends, People, General Electric, Blackstone, Sherman, Henderson, Greg, Wallace, Executive Committee, Sebastien, EIG, Midstream


KKR and FS Investments to launch BDC platform

KKR and FS Investments have agreed to form a business development company platform. The platform will have $18 billion in combined assets under management. PRESS RELEASE PHILADELPHIA and NEW YORK, Dec. 11, 2017 /PRNewswire/ — FS Investments, a leading alternative investment manager, and KKR, a leading global investment firm, today announced that they have entered into an agreement to create the largest business development company (BDC) platform, with $18 billion in combined assets under managem...
Tags: New York, Washington, Trends, Philadelphia, KKR, BDC, Eastern Time, Philadelphia PA, GSO, KKR Co, CNL, PE Deals, EIG Global Energy Partners, KKR KKR, CCT, FSIC


Harbour Energy closes $3 bln buy of oil, gas assets from Shell U.K.

Harbour Energy Ltd said Nov. 1 that it closed its $3 billion buy of a package of oil and gas producing assets in the U.K. North Sea from Shell U.K. Ltd. The acquired asset package includes a diversified portfolio of interests in ten operated and non-operated field areas. Harbour Energy is an investment vehicle managed by EIG Global Energy Partners. PRESS RELEASE WASHINGTON, D.C., November 1, 2017 – Harbour Energy, Ltd. (“Harbour Energy” or “Harbour’’) today announced the completion of the $3.0 b...
Tags: Washington, Trends, Royal Dutch Shell, Seoul, Shell, North Sea, Harbour, UK North Sea, EIG, PE Deals, EIG Global Energy Partners, Anadarko Petroleum, EIG EIG, Houston London Sydney Rio de Janeiro Hong Kong, Chrysaor, Harbour Energy


Jonah Energy completes LINN assets acquisition for about $566 mln

Jonah Energy, which is backed by TPG Capital LLC and EIG Global Energy Partners, has closed its previously announced acquisition of natural gas and oil producing assets in the Jonah and Pinedale fields and surrounding area from LINN Energy Inc for about $566 million. Evercore Group LLC provided financial advice to Jonah’s Energy while Vinson & Elkins LLP was its legal adviser. PRESS RELEASE DENVER–(BUSINESS WIRE)–Jonah Energy LLC (“Jonah Energy”) announced today that it has closed the previously...
Tags: Energy, US, Trends, Wyoming, M&a, Jonah, BMO Capital Markets, Tom Hart, NPL, Pinedale, Linn, Vinson Elkins LLP, EIG Global Energy Partners, Linn Energy Inc, Jonah Energy, Evercore Group LLC


EIG wraps up private debt fund at $2 bln

Washington, D.C.-based EIG Global Energy Partners, a private equity firm that invests in energy and energy infrastructure, has closed its inaugural global private debt fund at $2 billion. The Global Private Debt Fund, also known as GPF IV, focuses on energy and infrastructure credit and direct lending. According to EIG, more than half of the fund’s limited partners (68 percent) live outside of the U.S. So far, GPF IV has made five undisclosed investments. Credit Suisse was GPF IV’s placement age...
Tags: Washington, Trends, Funds, EIG, EIG Global Energy Partners, Debevoise Plimpton LLP


PE-backed Jonah Energy to acquire oil and gas assets for about $580 mln

Jonah Energy LLC has agreed to acquire natural gas and oil producing properties in the Jonah and Pinedale fields and surrounding area from LINN Energy Inc for about $580 million. The deal is expected to close in the second quarter of this year. Evercore Group LLC is Jonah’s Energy financial adviser and  Vinson & Elkins LLP is its legal adviser. Jonah Energy is backed by TPG Capital LLC and EIG Global Energy Partners. PRESS RELEASE Denver, Colorado – May 2, 2017 – Jonah Energy LLC (“Jonah Energy”...
Tags: Energy, US, Trends, Wyoming, M&a, North America, Jonah, Tom, The Company, Hart, Tom Hart, Lance, Denver Colorado, NPL, Pinedale, PE


Energy fund invests $300M in privately owned natural gas driller

A Florida-based energy fund is part of a $300 million investment in a West Virginia-based company engaged in natural gas drilling in southwestern Pennsylvania and northern West Virginia. Trioloma EIG Energy Income Fund and Triloma EIG Energy Income Fund - Term I, along with other EIG Global Energy Partners funds and accounts, initiated and structured a $300 million senior secured first lien note for Northeast Natural Energy, which is based in Charleston, W.Va., and has operational quarters in M...
Tags: Florida, West Virginia, Pennsylvania, Morgantown, CHARLESTON W Va, EIG Global Energy Partners, Trioloma EIG Energy Income Fund, Northeast Natural Energy


Deal of the Week: Kinder Morgan sells 49 percent stake in LNG project to energy-focused PE firm

The skinny Houston-based Kinder Morgan Inc. (NYSE: KMI) is selling a 49 percent stake in Elba Liquefaction Company LLC to investment funds managed by Washington, D.C.-based EIG Global Energy Partners. The deal comes a little more than a year after Kinder Morgan disclosed it was looking to sell a stake in ELC. The details EIG is paying Kinder Morgan about $385 million in cash up front for its portion of prior capital expenditures, including approximately $170 million in consideration of the va...
Tags: Washington, Houston, Kinder Morgan, KMI, EIG, Kinder Morgan Inc NYSE, EIG Global Energy Partners, Elba Liquefaction Company LLC


Kinder Morgan Inc Takes Another Strategic Step Closer to Its Target

Kinder Morgan (NYSE: KMI) has been on a mission over the past year to strengthen its financial situation so it can return more cash to investors. One way the company has been accelerating that process is by joint venturing key growth projects to bring in cash for debt reduction and offload a portion of future capital expenses to the partner. The company took another step in that direction this week after securing a partner for a part of its Elba Liquefaction Project near Savannah, Georgia.Kind...
Tags: Energy, Finance, Materials, Kinder Morgan, Kinder Morgan Inc, KMI, EIG, EIG Global Energy Partners, Elba Liquefaction Project, and Utilities, RDS-A, RDS-B, Matthew DiLallo, Kinder Morgan NYSE, Elba Liquefaction Company, 1d1f7c56-fe96-11e6-a1ef-0050569d4be0


EIG buys Kinder Morgan’s minority stake in ELC

EIG Global Energy Partners has acquired Kinder Morgan‘s 49 percent stake in Elba Liquefaction Company for an upfront cash payment of about $385 million. Barclays served as financial adviser to Kinder Morgan on this transaction. Based in Savannah, Georgia, ELC owns and operates the Elba Liquefaction Project. PRESS RELEASE HOUSTON–(BUSINESS WIRE)–Kinder Morgan, Inc. (NYSE: KMI) announced today that investment funds managed by EIG Global Energy Partners (EIG) have become a 49 percent joint venture ...
Tags: Washington, US, Trends, Barclays, North America, Seoul, Shell, DOE, Kinder Morgan, Savannah Georgia, FTA, Kean, KMI, Department of Energy DOE, ELC, EIG


Sanchez may partner with Blackstone to buy Anadarko assets: WSJ

Sanchez Energy Corp (SN.N) is in talks to partner with Blackstone Group LP (BX.N) on a deal to buy Anadarko Petroleum Corp‘s (APC.N) assets in South Texas, the Wall Street Journal reported. The deal is expected to value Anadarko’s assets at between $3 billion and $3.5 billion, the Journal reported, citing people familiar with the matter. Blackstone and its credit arm, GSO Capital Partners, would likely fund or participate in the purchase, according to the newspaper. Sanchez had also been in talk...
Tags: Trends, Blackstone, Wall Street Journal, Journal, WSJ, Sánchez, South Texas, Anadarko, Morgan Chase Co, APC, Anadarko Petroleum Corp, GSO Capital Partners, PE Deals, EIG Global Energy Partners, Blackstone Group LP BX N


Triloma EIG Global Energy Funds appoints Newsome as chief compliance officer

Triloma EIG Global Energy Funds has named Hope Newsome as chief compliance officer. Currently, Newsome is chief compliance officer of Triloma Energy Advisors, the Funds’ adviser and secretary. PRESS RELEASE WINTER PARK, FL–(Marketwired – October 20, 2016) – The board of Triloma EIG Global Energy Term Fund I and Triloma EIG Global Energy Fund (together, the “Funds”) announced today the appointment of Hope Newsome as chief compliance officer of the Funds. Until now, the Funds have relied on third-...
Tags: Asia, Washington, Trends, People, SEC, Seoul, U S Securities and Exchange Commission, FINRA, Newsome, EIG, Winter Park Florida, EIG Global Energy Partners


Centrica, EIG sell wind farms to Black Rock, UK Green Investment Bank

Centrica and its joint venture partner EIG Global Energy Partners will sell three UK wind farms — Glens of Foudland, Lynn and Inner Dowsing —  to a consortium comprising the UK Green Investment Bank and BlackRock. The sale is worth 423 million pounds ($611.7 million). After repayment of debt, Centrica’s net share of the proceeds will be about 115 million pounds. PRESS RELEASE Centrica and its 50% joint venture partner EIG Global Energy Partners (‘EIG’) have agreed a joint sale of the Glens of Fo...
Tags: UK, Centrica, Green investment bank, Blackrock, Aberdeenshire, Lynn, North East Lincolnshire, PE Deals, Centrica EIG, Black Rock UK Green Investment Bank, EIG Global Energy Partners, Foudland Lynn, EIG Global Energy Partners ` EIG, Glens of Foudland Lynn, Green Investment Bank Offshore Wind Fund, Foudland