Oil and Gas | FI SENSE

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 […]

myfisenseJuly 30, 2020

French oil group Total said its 58%-owned affiliate Total Gabon had approved selling its stakes in seven oil fields off the coast of Gabon, as well as stakes in the Cap Lopez oil terminal, to rival Perenco. Total added that Perenco will pay between $290 million and $350 million for those assets, depending on future […]

myfisenseJuly 29, 2020

Tokyo Gas Co Ltd plans a $ 657 million sale takeover of U.S. shale gas operator, Castleton Resources, and to buy a U.S. solar power development project in a bid to expand its overseas operations. The move echoes a long-term strategy mapped out by Japan’s biggest city gas supplier last year, which includes stepping up […]

Category: Oil and Gas

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

Gabon’s Total trades assets to Perenco

Tokyo Gas spends $657m in U.S. shale, solar assets

Bitcoin miner Cipher to go public via US$2B SPAC merger

Fix Price raises US$2B in Russia's largest IPO since 2014

Flourish raises US$1.5M to help banks engage and retain customers

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