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

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.

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 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.

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.

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

February 17, 2022

Energy

ConocoPhillips, through its Australian subsidiary, completed the purchase of an additional 10% interest in Australia Pacific LNG (APLNG) from Origin Energy for $1.645 billion (approximately $1.4 billion cash after adjustments). The transaction increases ConocoPhillips' ownership in APLNG to 47.5%, with Origin Energy and Sinopec holding 27.5% and 25% respectively, and is intended to bolster ConocoPhillips' LNG position and diversify its product mix.

Vår Energi Acquires Neptune Energy Norge AS

January 31, 2024

Oil & Gas

Vår Energi ASA completed the acquisition of 100% of the shares in Neptune Energy Norge AS, strengthening its position on the Norwegian Continental Shelf and adding ~67 kboepd of production and ~265 mmboe of 2P reserves. The transaction was agreed at an enterprise value of USD 2.275 billion and closed on 31 January 2024 (effective date 1 January 2023); net cash consideration paid on completion (less cash in Neptune Norway) was approximately USD 1.2 billion. The deal increases Vår Energi's scale, operatorships and gas/LNG exposure and is inter-conditional with a separate transaction in which Eni acquires the remainder of Neptune's global assets.