ConocoPhillips Acquires Additional 10% Stake in Australia Pacific LNG (APLNG) from Origin Energy

ConocoPhillips To Acquire 42% Stake In BP Energy Company of Kirkuk Limited

July 18, 2026

Oil & Gas

bp and ConocoPhillips agreed to terms under which ConocoPhillips will acquire a 42% interest in BP Energy Company of Kirkuk Limited. The partnership is intended to support the redevelopment of multiple large oil and gas fields in Iraq’s Kirkuk region and increase long-term production potential under a development and production contract.

ArcLight Acquires 25% Interest in Natural Gas Pipeline Company of America (NGPL)

May 13, 2025

Energy

ArcLight Capital Partners’ managed fund acquired a 25% interest in Natural Gas Pipeline Company of America (NGPL), resulting in ArcLight holding a 62.5% economic ownership stake while Kinder Morgan retains a 37.5% interest and continues to operate NGPL. NGPL is one of the largest U.S. interstate natural gas pipeline systems (≈9,100 miles, ~1 million horsepower of compression, 288 billion cubic feet of storage); terms were not disclosed. ArcLight cited rising power demand from electrification and AI and the asset’s ability to support utilities, LNG exporters and data centers as the strategic rationale.

ArcLight Acquires Incremental 12.5% Stake in Natural Gas Pipeline Company of America (NGPL)

June 15, 2023

Energy

An affiliate of ArcLight Capital Partners acquired an incremental 12.5% interest in Natural Gas Pipeline Company of America LLC (NGPL) from Brookfield Infrastructure, increasing ArcLight's ownership to 37.5%. Brookfield Infrastructure retains a 25% interest and Kinder Morgan continues to operate NGPL and hold a 37.5% stake. NGPL is a major interstate natural gas pipeline system that transports gas into the Chicago market and to LNG export facilities, supporting energy reliability and export growth.

Catalyst Power Acquires AP Gas & Electric (NY) LLC

December 15, 2021

Energy

Catalyst Power Holdings LLC acquired AP Gas & Electric (NY) LLC, expanding Catalyst Power's retail energy footprint across New York State and enabling the addition of natural gas, community solar, and Connected Microgrid offerings to AP G&E NY's middle-market commercial and industrial customers. The acquisition is backed by BP Energy Partners, the private equity sponsor of Catalyst Power, and represents an add-on to Catalyst Power's platform to accelerate deployment of lower-carbon energy solutions.

EIG Signs Agreement to Acquire 10% Interest in Australia Pacific LNG (APLNG) for $1.592 Billion

October 24, 2021

Energy

EIG entered into a definitive agreement to acquire a 10% equity interest in Australia Pacific LNG Pty Limited (APLNG) from Origin Energy for an equity purchase price of $1.592 billion. The transaction is described as a first-of-its-kind private equity sponsor acquisition of interest in an operational integrated LNG project and is subject to customary completion conditions.

Canadian Overseas Petroleum Acquires Atomic Oil & Gas for $54M

December 1, 2020

Oil & Gas

Canadian Overseas Petroleum Limited (COPL) agreed to acquire Atomic Oil & Gas LLC for US$54 million in a mix of assumed debt, cash and COPL shares, with an effective date of December 1, 2020 and expected completion by January 31, 2021. The acquisition adds operated onshore oil assets in the Powder River Basin (Wyoming) — including two oil production units, associated midstream assets and ~31.1mm BOE (2P) reserves — materially expanding COPL's production, reserves and U.S. footprint.