Carlyle Group – Oil & Gas 360

Currie claims fears of an oil market glut are “Completely Overplayed”

September 10, 2024

Oil Price Oil market participants are “dramatically overestimating” a supply glut, as Chinese demand is not as doom-and-gloom as headline figures suggest and U.S. crude oil production is basically flat this year, Jeff Currie, chief strategy officer of energy pathways at Carlyle, said on Tuesday. Fears of a major oil glut are “completely overplayed,” Currie told the Asia Pacific Petroleum

Carlyle buyout fund scoops up Mediterranean gas assets

June 20, 2024

Oil Price As the war rages on in Gaza and tensions escalate between Israel and Hezbollah in Lebanon, private equity fund Carlyle (NASDAQ:CG) is forming a new Mediterranean oil and gas company to be led by ex-BP CEO Tony Hayward following the fund’s acquisition of assets in three countries for nearly $1 billion from Energean. The transaction, which is subject

Gabon to buy Carlyle’s oil business, preempting $1.3 billion sale

February 16, 2024

Yahoo Finance LONDON -Gabon’s national oil company has agreed to acquire Carlyle’s Assala Energy after it used its right to preempt the sale of the business for $1.3 billion to France’s Maurel & Prom, the firms said on Friday. Maurel & Prom had agreed in August to acquire Assala Energy for $730 million, a deal which also included rolling over

Carlyle exploring multibillion-dollar offer for OMV oil and gas assets

November 30, 2022

World Oil (Bloomberg) — Carlyle Group Inc. is exploring a multibillion-dollar bid for a large part of Austrian energy company OMV AG’s oil and gas portfolio, in what would be a bold move by a buyout firm to further expand into fossil fuels, people familiar with the matter said. The private equity firm is eyeing OMV’s upstream operations in

Carlyle, Cairn Energy-backed group among bidders for Shell’s Egypt assets-sources

July 15, 2020

Reuters DUBAI/LONDON – Buyout firm Carlyle and a consortium backed by Cairn Energy are among the bidders for Royal Dutch Shell’s onshore Egyptian oil and gas assets, two sources with knowledge of the matter told Reuters. Bids for the assets are now expected to be sharply lower than initial estimates of up to $1 billion due to a weaker outlook

Carlyle looking at ‘relatively cheap’ energy assets: Rubenstein

January 23, 2020

Reuters Fears about the future of energy assets have led to a sell-off, but this has created “very good opportunities” for the Carlyle Group, its founder, David Rubenstein, said on Thursday. Rubenstein, co-executive chairman of the private equity (PE) giant, told the Reuters Global Markets Forum that securing bank loans for such deals had become harder, however. Big investors are

Carlyle Group quits $1 billion U.S. oil export project: Texas port official

October 18, 2019

Source: Reuters HOUSTON (Reuters) – Carlyle Group has exited its equity position in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas, a port official said on Friday. Sean Strawbridge, chief executive of the Port of Corpus Christi, said Carlyle notified the port on Oct. 8 it would no longer proceed with

Altus Midstream Snags $825 Million Committed Financing for Permian Highway, Shin Oak NGLs

May 8, 2019

Altus Midstream Announces $825 Million of Committed Financing for Planned Growth Projects

Mt Astra (Suezmax) Loading at Corpus Christi ship tanker -Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S. Oil and GAs 360

Corpus Christi Harbor Island Terminal Complex Targets Deepest Channel Depth of any Onshore Crude Oil Export Facility in the U.S.

April 2, 2019

POCC Commission approves 50-year lease with Carlyle Group, Berry Group JV Crude oil exports are one of the key growth engines that the Port of Corpus Christi is flexing its significant muscle to build up. Port of Corpus Christi This expansion of export capacity is perfectly timed to allow Permian Basin and Eagle Ford producers to move the area’s light

Carlyle Group-Backed E&P to Go Ahead With $400 Million Romanian Offshore Project

February 7, 2019

From Reuters Romanian-based Black Sea Oil & Gas, controlled by private equity firm Carlyle Group LP, said on Thursday it has decided to go ahead with its $400 million offshore gas project in Romania, the first such project to be developed in 30 years. The Midia Gas Development Project will extract an estimated 10 billion cubic meters of gas some

Ring Energy to Acquire Texas Acreage from Carlyle Group Subsidiary

December 21, 2018

Ring Energy, Inc. Signs Purchase and Sale Agreement with Wholly Owned Subsidiary of The Carlyle Group L.P.

New Crude Oil Export Project Moves Forward in Corpus Christi

December 14, 2018

Lone Star Ports and Martin Midstream Partners will create exclusive VLCC export solution on Harbor Island EPIC crude oil pipeline will connect Harbor Island to more than 1 MMBOPD A week ago, the funding to dredge the Corpus Christi ship channel was given the thumbs up by the U.S. Army Corps of Engineers. Now, the Port of Corpus Christi Authority

Premium Content