NEWS & INSIGHTS
Methane Update: Exploring New Proposed Regulations and EIG’s Outlook
In our quest to meet our carbon targets set for our funds and fulfill our commitments to Paris Agreement alignment, we continue to proactively engage with potential and existing investments on this critical topic. Attached is a summary of the proposed methane regulations, their context within broader methane policy, and a snapshot of EIG-related performance.
EIG Raises $1.1 Billion for Global Project Fund V
EIG Global Energy Partners (EIG) announced today the successful final close of EIG Global Project Fund V (GPF V or the Fund) with total commitments of $1.1 billion, nearly 50% higher than the Fund’s $750 million target. EIG also raised an additional $1.5 billion of commitments in the form of separately managed accounts that will invest alongside GPF V. In total, since the first closing of GPF V in July 2019, EIG has raised $2.6 billion of commitments for its direct lending strategy.
Harbour Energy Completes Second Major Oil & Gas Acquisition Welcomes Greg Hill to Board of Directors
Harbour Energy, Ltd. (“Harbour Energy” or “Harbour’’) today announced completion of the acquisition of ConocoPhillips’ UK oil and gas business (“ConocoPhillips UK”) for $2.675 billion. The transaction was completed through Harbour’s North Sea subsidiary, Chrysaor Holdings Limited. The transaction has an effective date of 1 January 2018.
EIG Announces Major Developments at Prumo Logística
EIG Global Energy Partners (“EIG”), controlling shareholder of Prumo Logística S.A. (“Prumo” or the “Company”), a private Brazilian company leading the energy infrastructure hub at Port of Açu, today announced major developments at Prumo.
FS Investments Closes Transaction with EIG
Investors Overwhelmingly Approve New Partnership PHILADELPHIA, PA, and WASHINGTON, D.C. – April 9, 2018 – FS Investments (FS) and EIG Global Energy Partners (EIG) today announced the closing of their previously announced transaction to manage FS Energy and Power Fund (FSEP), the largest energy-focused BDC in the marketplace with $4.3 billion in assets under management.
Harbour Energy Proposal to Acquire Santos Limited
Harbour Energy, Ltd. (“Harbour”) today confirmed that Santos Limited (“Santos” or the “Company”) has agreed to grant Harbour access to due diligence pursuant to Harbour’s non-binding offer to acquire 100% of the fully diluted ordinary shares of Santos by way of scheme of arrangement.
FS Investments and EIG Global Energy Partners to Form Partnership to Manage $4 Billion FS Energy and Power Fund
FS Investments and EIG Global Energy Partners to Form Partnership to Manage $4 Billion FS Energy and Power Fund Plan to Rebalance Portfolio to Position the Energy-Focused Business Development Company for Improved Performance
EIG Holds Final Closing of Global Private Debt Fund
$2.0 billion raised in latest EIG Direct Lending Fund
Court Rules in Favor of EIG in “Lava Jato” Corruption Scheme
Court Rules in Favor of EIG in “Lava Jato” Corruption Scheme Claims Against Petrobras to Proceed in D.C. Federal Court
Rex Chung Joins EIG Global Energy Partners
Industry Veteran to Co-Head Asia and Lead Capital Development Activities in Asia/Pacific WASHINGTON, D.C. — EIG Global Energy Partners (EIG) today announced that Rex Chung has joined the firm as a Managing Director and Co-Head of Asia, based in the firm’s Hong Kong office. As a senior member of EIG’s team, Mr. Chung will be responsible for overseeing investor relations, coordinating co-investment, and helping to source transactions and develop EIG products for the Asia-Pacific Region.