EIG to Acquire Ocyan for US$390 Million

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.

Occidental Agrees to Acquire Carbon Engineering for Approximately $1.1 Billion

August 15, 2023

Energy

Occidental (through a wholly owned subsidiary) has entered into a definitive agreement to acquire Carbon Engineering Ltd. for approximately $1.1 billion in cash, payable in three roughly equal annual installments. The deal — which will make Carbon Engineering a subsidiary of Oxy Low Carbon Ventures upon closing — is intended to accelerate deployment and commercialization of direct air capture (DAC) technology and expand Occidental's low-carbon capabilities.

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

March 11, 2026

Energy

MidOcean Energy, formed and managed by EIG, entered into definitive agreements to acquire JERA Gorgon Pty Ltd, which holds JERA’s 0.417% interest in the Gorgon LNG project, increasing MidOcean’s stake to 1.417%. The deal also includes JERA’s 0.735% interest in the Ichthys LNG project, which is expected to be transferred to an existing Ichthys joint venture participant after sale to MidOcean, subject to conditions precedent.

Apollo Funds Agree to Buy Majority Stake in OEG Energy Group

March 28, 2025

Energy

Apollo funds and affiliates have agreed to acquire a majority stake in OEG Energy Group, an offshore energy solutions provider serving oil and gas and offshore wind. The deal values OEG at over $1 billion on a headline basis and is expected to close in Q2 2025, subject to regulatory approvals and other closing 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.

EIG to Acquire 25% Stake in Repsol Upstream via Breakwater Energy Partnership

September 7, 2022

Oil & Gas

EIG entered into a definitive agreement with Repsol to acquire a 25% stake in Repsol Upstream, a newly formed global exploration and production company comprising Repsol’s entire upstream oil and gas business. The investment will be made through EIG subsidiary Breakwater Energy for total consideration of approximately $4.8 billion (including debt), implying an enterprise value of about $19.0 billion for Repsol Upstream.