Oil and Gas | FI SENSE

myfisenseMay 4, 2021

EnCap Investments announced it has closed a $1.2bn fund dedicated to investments in the burgeoning energy transition space, the first time the private-equity firm has raised money specifically for clean energy. The Houston-based firm is a prolific investor in hydrocarbons, and has raised more than $38bn since its founding in 1988, with its latest flagship […]

myfisenseApril 1, 2021

Boru Energy, backed by private equity giant Carlyle Group, is in discussions with Occidental Petroleum to acquire its oil and gas fields in Ghana for around $500 million, industry and banking sources said. The acquisition of Occidental’s stakes in the offshore Jubilee and Tweneboa Enyenra Ntomme (TEN) fields would be the first investment for Boru […]

myfisenseFebruary 8, 2021

The COVID-19 pandemic is a demand, supply and policy shock for Foreign Direct Investment (FDI). According to the World Investment Report 2020 by UNCTAD, ” It has short-, medium-, and long-term effects. The lockdown measures are slowing down existing investment projects. The prospect of a deep global recession will lead MNEs to re-assess new projects. […]

myfisenseFebruary 2, 2021

The biggest oil producer in the United Arab Emirates is getting a $900 million investment in its property business from a state pension fund. Abu Dhabi Pension Fund is investing in some of Abu Dhabi National Oil Co.’s real estate assets, according to a statement from the government-owned energy company. Adnoc, which pumps most of the […]

myfisenseDecember 24, 2020

TLG Capital announced it is exiting its investment in BAJ Stations Uganda, after nearly 4 years, at 30+% IRR in USD. TLG invested in BAJ Stations through its Credit Opportunities Fund (COF). This is COF’s 8th exit and its 3rd in Uganda. TLG first invested in BAJ in 2017 when the business had 5 operating fuel stations. […]

myfisenseOctober 5, 2020

South African chemicals and energy group Sasol has announced it has entered into a US$2billion agreement to sell part of its Lake Charles business in Louisiana in United States to multinational chemicals group LyondellBasell. Assuming the deal gets approval from Sasol shareholders, LyondellBasell would own 50% stake in the Lake Charles-based chemicals business and the two […]

myfisenseSeptember 2, 2020

Abu Dhabi National Oil Company (ADNOC) announces it has entered into a $5.5 billion real estate investment partnership with a consortium led by Apollo Global Management Inc. The state-owned oil company of Abu Dhabi in the United Arab Emirates, dislcosed in a statement that the transaction will result in upfront proceeds of $2.7 billion and […]

myfisenseAugust 24, 2020

Industries Qatar announced it has purchased Qatar Petroleum’s 25% stake in Qatar Fertiliser Co (QAFCO) for $1 billion making IQ the 100% owner of the world’s largest single site urea producer. Industries Qatar shares were up 6.9% to 10.1 riyals in early trade trimming their year-to-date loss to 2.2%. QAFCO has entered into a new […]

myfisenseAugust 17, 2020

Australia’s Woodside Petroleum has exercised its right to match a $400 million offer by Russia’s Lukoil to buy Cairn Energy’s entire stake in the Sangomar oil project in Senegal. The acquisition takes Woodside’s interest in the Rufisque, Sangomar and Sangomar Deep offshore joint venture to about 68%, making it the largest shareholder. It will remain […]

myfisenseAugust 3, 2020

Marathon Petroleum has agreed to trade its Speedway gas stations in the United States to Japanese retail group Seven & i Holdings for $21 billion. After-tax proceeds from the sale, which has been approved by the boards of both companies, are estimated at $16.5 billion, Marathon said, adding it will use the proceeds to pay […]

Category: Oil and Gas

EnCap raises US$1.2B energy transition fund

Carlyle plans to acquire Occidental’s Ghana oilfields for US$500M

Emerging Impacts of the COVID-19 crisis on FDI

UAE Oil firm Adnoc gets US$900M investment in property unit

TLG Capital exits its investment in BAJ Stations, Uganda

Sasol Group sells part of its U.S business to LyondellBasell for $2b

ADNOC signs $5.5b real estate deal led by Apollo

Industries Qatar buys Qatar Fertiliser for $1b

Woodside buys Cairn Energy’s stake in Sangomar oil project

7-Eleven Owner buys off Marathon’s Speedway for $21b

Uberall raises US$115M in funding

Apna raises US$70M to help workers in India secure jobs

Templafy raises US$60M for its B2B SaaS platform

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