EIG’s MidOcean Energy to Acquire Additional Gorgon LNG Interest From JERA

LNG Energy Group Corp. and Fifth Ocean Management LP to Form a 50/50 JV to Invest up to US$200M in Venezuelan Oil and Gas

May 26, 2026

Oil & Gas

LNG Energy Group Corp. entered into a binding exclusivity agreement and letter of intent to establish a 50/50 joint venture with Fifth Ocean Management LP, in partnership with Westlawn Group, to explore and develop oil and gas blocks in Venezuela. The proposed JV company would be organized in the United States, with LNG contributing existing Venezuela oil and gas assets and Fifth Ocean funding an investment program of up to US$200 million, subject to due diligence and definitive agreements.

Pelican Acquisition Corporation to Merge with Greenland Exploration Limited and March GL to Form Greenland Energy Company

September 11, 2025

Oil & Gas

Pelican Acquisition Corporation (a special purpose acquisition company) announced a definitive merger agreement with Greenland Exploration Limited (GEL) and March GL Company. The combined transaction is expected to result in the creation of Greenland Energy Company, which will pursue March GL’s earn-in for up to 70% of 80 Mile’s Jameson liquid hydrocarbon project in Greenland, with 80 Mile retaining its remaining 30% interest. The transaction is expected to close in the fourth quarter of 2025.

EIG to Acquire Ocyan for US$390 Million

December 28, 2023

Industrial Services

EIG has entered into definitive agreements to acquire Ocyan Participações S.A., a Brazilian offshore oil and gas solutions provider, for a total enterprise value of US$390 million. The deal is expected to close in the first quarter of 2024, subject to customary closing conditions.

EIG and Fluxys to Acquire 80% of GNL Quintero S.A. (Quintero LNG Terminal) in Chile

March 28, 2022

Infrastructure

EIG, an energy and infrastructure institutional investor, and Fluxys, an energy infrastructure operator, announced they will jointly acquire an 80% equity stake in GNL Quintero S.A. from Enagas Chile SpA and affiliates of OMERS Infrastructure. The acquisition is expected to close in the second half of 2022, subject to customary regulatory approvals.

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.

PGNiG Acquires INEOS E&P Norge Assets for $615M

January 1, 2021

Oil & Gas

Polskie Górnictwo Naftowe i Gazownictwo (PGNiG), via its Norwegian unit PGNiG Upstream Norway AS, agreed to acquire all assets of INEOS E&P Norge AS from INEOS for USD 615 million. The assets comprise predominantly gas-producing fields, exploration licences on the Norwegian continental shelf and an 8.2% interest in the Nyhamna gas terminal — a strategic move to boost PGNiG's Norwegian gas output and diversify Poland's gas imports.