Connection

popular articles

Alpiq awards €20 million order to Merus Power
EIB grants RWE €1.2 billion for Thor wind farm
The Guadeloupe Power Plant Converted to Biomass: A Major Step Forward
BP invests USD 48.54 million in biofuel in China
RWE Strengthens Position with Four New Wind Projects in France

Aramco Oil Pipelines attracts EIG-led Consortium

Aramco Oil Pipelines Company attracts $12.4 billion from a consortium led by EIG, which obtains a 49% stake in the company.|Aramco Oil Pipelines Company attracts $12.4 billion from a consortium led by EIG, which obtains a 49% stake in the company.

Please share:

Aramco Oil Pipelines Company attracts $12.4 billion from a consortium led by EIG, which obtains a 49% stake in the company.

EIG-led consortium invests in Aramco Oil Pipelines Company

Aramco Oil Pipelines Company is a recently formed entity that has been enjoying remuneration for oil transported through Aramco’s stabilized pipeline network for 25 years.
The company has attracted major investors.
A consortium led by EIG has invested $12.4 billion, taking a 49% stake.
The consortium includes leading investors from China, Korea, Saudi Arabia, the United Arab Emirates and the United States.

“We are honored to be working with this world-class consortium and look forward to a fruitful long-term partnership,” says R. Blair http://energynews.pro/wp-content/uploads/2022/07/RENTEL-POWERPLUG-KLOET-061dd11042019-7.jpeg, CEO of EIG.

A major transaction between two giants

Aramco is Saudi Arabia’s national oil and gas company.
It is the world’s leading oil company in terms of production, accounting for around one in eight barrels of global supply.
For its part, EIG is a leading global investor specializing in the energy sector.
The company had $21.7 billion under management at March 31, 2021.
Aramco and EIG confirm their leading positions in the energy sector with this $12.4 billion deal.
EIG was advised by HSBC Bank plc (financial advisor) and Latham & Watkins (legal advisor).

Register free of charge for uninterrupted access.

Publicite

Latest news

The United States Grants Two Subsidies for Nuclear Projects in Bulgaria
Flamanville’s EPR: 20 Years of Challenges for a New Energy Hope
The EU Introduces a CO2 Label for Air Travel
Westinghouse signs a 20 billion CAD agreement for nuclear projects in Canada
National Grid: a record £35 billion investment to modernize the UK’s electricity grid

Recently published in

ABB strengthens its business strategy in renewable energy with the acquisition of Gamesa Electric

The Swiss-Swedish group ABB acquires strategic activities from Gamesa Electric, consolidating its business strategy in renewable energy through equipment for wind, solar, and storage.
EIB Grants €243 Million to ERG to Strengthen Its Wind and Solar Assets in Europe
The European Investment Bank finances the development and modernization of energy infrastructure in France, Italy, and Germany, supporting a portfolio of 270 MW of renewable projects.
en_1140927540
EIB Grants €243 Million to ERG to Strengthen Its Wind and Solar Assets in Europe
The European Investment Bank finances the development and modernization of energy infrastructure in France, Italy, and Germany, supporting a portfolio of 270 MW of renewable projects.
en_1140927540
Pattern Energy welcomes a new investment to accelerate its growth in renewable energy
Pattern Energy announces the entry of a consortium led by APG and ART, marking a major milestone in its expansion with over 25 GW of renewable energy projects across North America.
en_1140932540
Pattern Energy welcomes a new investment to accelerate its growth in renewable energy
Pattern Energy announces the entry of a consortium led by APG and ART, marking a major milestone in its expansion with over 25 GW of renewable energy projects across North America.
en_1140932540
Blockade at GE Vernova Site in Montoir-de-Bretagne: Unions Oppose Job Cuts
Access to the GE Vernova plant in Montoir-de-Bretagne has been blocked since Friday by unions protesting against the planned elimination of 140 jobs.
en_1140916540
Blockade at GE Vernova Site in Montoir-de-Bretagne: Unions Oppose Job Cuts
Access to the GE Vernova plant in Montoir-de-Bretagne has been blocked since Friday by unions protesting against the planned elimination of 140 jobs.
en_1140916540

The IFC invests $30 million in an energy fund to strengthen its strategy in Africa

The International Finance Corporation (IFC) injects $30 million into Inspired Evolution Fund III, a fund focused on renewable energy, as part of its diversification and expansion strategy in Africa's growing markets.
Marathon Petroleum Announces the Release of 2024 Financial Results
Marathon Petroleum Corp. (MPC) will reveal its financial results for the fourth quarter and full year 2024 during a conference on February 4, 2025. The information will be available online, with a webcast replay accessible for two weeks.
en_1140853540
Marathon Petroleum Announces the Release of 2024 Financial Results
Marathon Petroleum Corp. (MPC) will reveal its financial results for the fourth quarter and full year 2024 during a conference on February 4, 2025. The information will be available online, with a webcast replay accessible for two weeks.
en_1140853540
Suez: departure of CEO Sabrina Soussan and major governance reorganization
Suez announces the unexpected departure of its CEO Sabrina Soussan effective January 31, 2025. A transitional organizational shift is underway with Thierry Déau, chairman of the board, ensuring continuity and the group’s future.
en_1140804540
Suez: departure of CEO Sabrina Soussan and major governance reorganization
Suez announces the unexpected departure of its CEO Sabrina Soussan effective January 31, 2025. A transitional organizational shift is underway with Thierry Déau, chairman of the board, ensuring continuity and the group’s future.
en_1140804540
BP and JERA form a strategic joint venture to become a global leader in offshore wind energy
BP and JERA join forces to create JERA Nex BP, a joint venture aimed at developing a 13 GW offshore wind project portfolio. This strategic initiative reflects a disciplined growth model while strengthening their presence in Europe and Asia-Pacific.
en_1140788540
BP and JERA form a strategic joint venture to become a global leader in offshore wind energy
BP and JERA join forces to create JERA Nex BP, a joint venture aimed at developing a 13 GW offshore wind project portfolio. This strategic initiative reflects a disciplined growth model while strengthening their presence in Europe and Asia-Pacific.
en_1140788540

France: Enedis commits €3.6 billion to its business strategy for modernizing the electric grid

Enedis is investing €3.6 billion in an ambitious strategy to modernize the French electric grid, enhance its climate resilience, and support the national industry.
Elyse Energy raises €120 million to accelerate its sustainable fuel projects
Elyse Energy, a French SME, announces €120 million in funding to develop synthetic methanol and sustainable fuel plants, targeting the decarbonization of the aviation, maritime, and chemical sectors.
en_1140773540
Elyse Energy raises €120 million to accelerate its sustainable fuel projects
Elyse Energy, a French SME, announces €120 million in funding to develop synthetic methanol and sustainable fuel plants, targeting the decarbonization of the aviation, maritime, and chemical sectors.
en_1140773540
TotalEnergies acquires developer VSB to strengthen its energy strategy
As part of its global energy strategy, TotalEnergies invests €1.57 billion to acquire the German group VSB, a major player in wind and solar projects in Europe.
en_1140735540
TotalEnergies acquires developer VSB to strengthen its energy strategy
As part of its global energy strategy, TotalEnergies invests €1.57 billion to acquire the German group VSB, a major player in wind and solar projects in Europe.
en_1140735540
Aramco finalizes the acquisition of 10% of Horse Powertrain
Aramco completes the acquisition of a 10% stake in Horse Powertrain, valued at €7.4 billion, specializing in hybrid and thermal powertrain solutions.
en_1140705540
Aramco finalizes the acquisition of 10% of Horse Powertrain
Aramco completes the acquisition of a 10% stake in Horse Powertrain, valued at €7.4 billion, specializing in hybrid and thermal powertrain solutions.
en_1140705540

Amprion launches a tender for a decentralized grid booster

Amprion opens a tender for the construction and operation of a decentralized grid booster, a strategic project aimed at reducing redispatch costs and strengthening network efficiency.
Arkolia accelerates its development with the support of Mirova and BNP Paribas
Mirova and BNP Paribas Asset Management acquire a majority stake in Arkolia, a French renewable energy player, to support its growth and achieve 1.5 GW capacity by 2030.
en_1140678540
Arkolia accelerates its development with the support of Mirova and BNP Paribas
Mirova and BNP Paribas Asset Management acquire a majority stake in Arkolia, a French renewable energy player, to support its growth and achieve 1.5 GW capacity by 2030.
en_1140678540
Axpo secures 163 MW of renewable energy in France through Urbasolar and Volkswind
Axpo's solar and wind divisions secure a total of 163 MW in two tenders in France, strengthening their key role in the European energy transition strategy.
en_1140640540
Axpo secures 163 MW of renewable energy in France through Urbasolar and Volkswind
Axpo's solar and wind divisions secure a total of 163 MW in two tenders in France, strengthening their key role in the European energy transition strategy.
en_1140640540
EDF: An investigation opened into undue benefits for its former executives
The National Financial Prosecutor's Office is investigating suspicions of public fund misappropriation involving EDF. Material benefits were allegedly granted to its former executives without any legal framework over several years.
en_1140645540
EDF: An investigation opened into undue benefits for its former executives
The National Financial Prosecutor's Office is investigating suspicions of public fund misappropriation involving EDF. Material benefits were allegedly granted to its former executives without any legal framework over several years.
en_1140645540

Masdar completes strategic acquisition of TERNA ENERGY to accelerate growth in Europe

Masdar strengthens its global energy portfolio with the acquisition of 70% of TERNA ENERGY, marking a key step in the strategic transfer of assets for Europe’s energy transition.
Eni distributes over three million free shares to its employees
Eni distributes over three million free shares to its employees
en_1140649540
Eni distributes over three million free shares to its employees
Eni distributes over three million free shares to its employees
en_1140649540
Africa Oil strengthens its strategic shareholding in Impact Oil: 39.5% of shares acquired
Africa Oil Corporation increases its stake in Impact Oil & Gas to 39.5%, consolidating its investment strategy in the Orange Basin of Namibia, a key region for the oil sector.
en_1140548540
Africa Oil strengthens its strategic shareholding in Impact Oil: 39.5% of shares acquired
Africa Oil Corporation increases its stake in Impact Oil & Gas to 39.5%, consolidating its investment strategy in the Orange Basin of Namibia, a key region for the oil sector.
en_1140548540
Scandal Adani: 20% Stock Drop After CEO Indictment
The Indian conglomerate Adani suffered a record loss on the stock market after the indictment of Gautam Adani in the United States, accused of paying $250 million in bribes for solar projects in India.
en_1140543540
Scandal Adani: 20% Stock Drop After CEO Indictment
The Indian conglomerate Adani suffered a record loss on the stock market after the indictment of Gautam Adani in the United States, accused of paying $250 million in bribes for solar projects in India.
en_1140543540

TerraForm Power Appoints Mark Noyes as CEO to Drive Its Strategy

Mark Noyes, a seasoned expert in renewable energy, joins TerraForm Power as CEO to steer the company’s growth strategy in the face of industry challenges and opportunities.
Wood Mackenzie Analysis: Trump’s Energy Policy Faces Investment Challenges but Supports Renewables
Wood Mackenzie anticipates a protectionist shift under Trump’s presidency, marked by a retreat from net-zero ambitions. However, renewables and the IRA will continue shaping the U.S. energy future.
en_1140506540
Wood Mackenzie Analysis: Trump’s Energy Policy Faces Investment Challenges but Supports Renewables
Wood Mackenzie anticipates a protectionist shift under Trump’s presidency, marked by a retreat from net-zero ambitions. However, renewables and the IRA will continue shaping the U.S. energy future.
en_1140506540
Enel announces €43 billion in investments and a dividend increase
The Italian group Enel plans to invest €43 billion by 2027, focusing on networks and renewable energies, while increasing dividends for its shareholders.
en_1140480540
Enel announces €43 billion in investments and a dividend increase
The Italian group Enel plans to invest €43 billion by 2027, focusing on networks and renewable energies, while increasing dividends for its shareholders.
en_1140480540
France: Primagaz urged to address massive customer service failures
Hundreds of complaints highlight major failures at Primagaz due to a change in its IT system. The Energy Ombudsman demands immediate action to protect affected consumers.
en_1140470540
France: Primagaz urged to address massive customer service failures
Hundreds of complaints highlight major failures at Primagaz due to a change in its IT system. The Energy Ombudsman demands immediate action to protect affected consumers.
en_1140470540

Advertising

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

VERVANT

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS