NEWS & INSIGHTS
Prumo, BP and Siemens Enter Into Partnership with SPIC on Energy Projects in Brazil
• SPIC to acquire 33% of GNA I and GNA II 3 GW LNG-to-power projects • Enter agreement to participate in future expansion projects GNA III and GNA IV as part of overall 6.4 GW power and domestic gas hub strategy at Port of Açu Prumo, a private Brazilian company controlled by EIG Global Energy […]
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.
EIG Hires Rob Johnson as U.S. Head of Oil & Gas Direct Lending
WASHINGTON, DC – EIG Global Energy Partners (EIG) today announced that Rob Johnson has joined the firm as Managing Director and U.S. Head of Oil and Gas Direct Lending. EIG is one of the leading providers of institutional capital to the global energy industry having supported companies in the sector with bespoke financing solutions since 1982. EIG invests across the capital structure of energy companies with discree strategies focused on direct lending, mezzanine and structured equity and control equity.
Noble Group and EIG Form New Energy Company
HONG KONG AND WASHINGTON, D.C. — Noble Group Limited (SGX: N21) (“Noble”) and EIG Global Energy Partners (“EIG”) today announced the formation and commitment to capitalize Harbour Energy, Ltd (“Harbour Energy”), a company that will own and operate upstream and midstream energy assets globally. Harbour Energy will seek to own high quality assets that provide exposure to key supply trends while capturing value up-lift associated with control of offtake, logistics and supply chain management.