Eig To Acquire 25% Of Repsol’S Entire Global Upstream Business In New Partnership
09/07/22, 6:01 AM
Location
washingtonIndustry
oil and gas
renewable energy
energy
biomass energy
renewable energy
oil and gas
energy
EIG, a leading institutional investor in the global energy and infrastructure sectors, today announced that it has entered into a definitive agreement with Repsol S.A. (“Repsol”) to acquire a 25% stake in Repsol Upstream, a newly-formed global exploration & production (“E&P”) company comprising Repsol’s entire global upstream oil and gas business. The strategic partnership delivers upfront capital to Repsol to increase its investment in the energy transition, specifically to support the growth of Repsol’s renewable power generation, renewable fuels, and circular products segments.
Company Info
Location
Washington, District Of Columbia, United States
Company info
MidOcean Energy, established and operated by EIG, is focused on building a diverse, resilient, cost-competitive global LNG portfolio. As a strategic enabler of the energy transition, MidOcean Energy reflects EIG’s belief in the importance of LNG and the increasing geopolitical significance of LNG as an energy resource. Dela Rey Benter, a 26-year industry veteran, is the President of MidOcean Energy.