News
Aramco to enter global LNG business by acquiring stake in MidOcean Energy
At the signing ceremony, front row, from left: MidOcean Energy CEO De la Rey Venter and Aramco Upstream President Nasir K. Al-Naimi. Back row, from left: EIG Chairman and CEO Blair Thomas and Aramco President & CEO Amin H. Nasser. Joint Press Release Aramco to enter global LNG business by acquiring stake in MidOcean Energy […]
Brookfield and EIG Consortium submits ACCC application for proposed acquisition of Origin Energy
A consortium comprising Brookfield Renewable Partners (NYSE: BEP, BEPC; TSX: BEP.UN, BEPC) (Brookfield), together with its institutional partners and global institutional investors GIC and Temasek, and MidOcean Energy (MidOcean), an LNG company formed and managed by EIG, has lodged its application for merger authorisation with the Australian Competition and Consumer Commission (ACCC) in relation to its proposed acquisition of Origin Energy (Proposed Transaction).
Brookfield and EIG Consortium Sign Binding Agreement to Acquire Origin Energy
All currency AUD unless otherwise stated Landmark transaction to accelerate decarbonization of the energy grid and help Australia progress towards its net zero goals. Origin is Australia’s largest integrated power generator and energy retailer with a 24% market share of the national electricity market and owner of a 27.5% stake in Australia Pacific LNG Project […]
Origin receives non-binding, indicative offer at $9.00 per share
Origin Energy Limited (Origin) advises it has received an indicative, conditional and non-binding proposal from Brookfield Asset Management Inc., together with its affiliates and their managed funds (Brookfield) and MidOcean Energy (MidOcean), an LNG company formed and managed by EIG (the Consortium), to acquire all the issued shares in Origin, by way of a scheme […]
EIG’s MidOcean Energy to Acquire Tokyo Gas’ Interests in Portfolio of Four Australian Integrated LNG Projects for US$2.15 Billion
Diversified portfolio of high quality, cash flowing LNG projects establish foundation for MidOcean Energy WASHINGTON, D.C. – MidOcean Energy (“MidOcean”), an LNG company formed and managed by EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into a definitive agreement with Tokyo Gas Co., Ltd (“Tokyo […]
EIG Hires De la Rey Venter as CEO of MidOcean Energy
WASHINGTON, DC – EIG, a leading institutional investor to the global energy and infrastructure sectors, today announced that De la Rey Venter has joined the firm as Chief Executive Officer of MidOcean Energy (“MidOcean”) and as a Managing Director of EIG. MidOcean is an EIG-controlled LNG company seeking to create a diversified “pure play” integrated LNG […]