•  
  •  
  •  
  •  
  •  
  • Untitled Document
    Untitled Document

    First Reserve forms partnership with Zhenghe

    First Reserve

    First Reserve, a large global private equity firm exclusively focused on energy, reports that First Reserve Fund XIII has entered into a strategic cooperation with Hainan Zhenghe Industrial Group Co. Ltd. The parties plan to pursue oil and gas investment opportunities in China and Central Asia. 

    In addition, Zhenghe will act as a potential source of capital in support of First Reserve's participation in North American oil and gas upstream projects and will invest as a limited partner in First Reserve Fund XIII. Zhenghe is a publicly listed company in China and is focused on oil and gas exploration and production operations. Financial terms of the agreement were not disclosed. 

    The two organizations will advise and support each other on upstream transaction strategies and financing, and will share research on upstream projects. 

     

     

     

     

    Most Popular

    Related Articles

    Samson Resources considering bankruptcy protection

    04/02/2015

    The drop in oil and natural gas prices has forced Samson Resources Corp. to consider Chapter 11 bankruptcy protection.

    Petrobras signs $3.5B facility agreement with CDB

    04/02/2015

    Petroleo Brasileiro SA (Petrobras) has executed, with China Development Bank Corp. (CDB), the first facility agreement of a cooperation arrangement to be implemented during 2015 and 2016.

    Sanchez: New approved borrowing base under revolving credit facility

    04/02/2015 Sanchez Energy Corp. has received commitments from its lending group to change the borrowing base under its $1.5 billion first lien revolving credit facility from $650 million to $550 million ...

    Kosmos Energy borrowing base redetermined

    04/01/2015

    Kosmos Energy Ltd.’s borrowing base under its reserves-based lending facility has remained unchanged at $1.5 billion following its lenders’ semi-annual redetermination process.

    Sanchez Production Partners acquires Eagle Ford assets from Sanchez

    04/01/2015 Sanchez Production Partners LP has closed an agreement with Sanchez Energy Corp. to acquire wellbore interests in certain producing oil and natural gas wells in the Eagle Ford shale play for aggreg...

    CONSOL closes $500M of senior notes offering

    03/31/2015 CONSOL Energy Inc. has closed its private placement of $500 million of its 8.000% senior notes due 2023. The notes are guaranteed by substantially all of CONSOL's wholly owned domestic restricted s...

    More Oil & Gas Financial Articles

    Samson Resources considering bankruptcy protection

    Thu, Apr 2, 2015

    The drop in oil and natural gas prices has forced Samson Resources Corp. to consider Chapter 11 bankruptcy protection.

    Petrobras signs $3.5B facility agreement with CDB

    Thu, Apr 2, 2015

    Petroleo Brasileiro SA (Petrobras) has executed, with China Development Bank Corp. (CDB), the first facility agreement of a cooperation arrangement to be implemented during 2015 and 2016.

    Sanchez: New approved borrowing base under revolving credit facility

    Thu, Apr 2, 2015

    Sanchez Energy Corp. has received commitments from its lending group to change the borrowing base under its $1.5 billion first lien revolving credit facility from $650 million to $550 million with an unchanged elected commitment of $300 million, effective immediately.

    Kosmos Energy borrowing base redetermined

    Wed, Apr 1, 2015

    Kosmos Energy Ltd.’s borrowing base under its reserves-based lending facility has remained unchanged at $1.5 billion following its lenders’ semi-annual redetermination process.

    Sanchez Production Partners acquires Eagle Ford assets from Sanchez

    Wed, Apr 1, 2015

    Sanchez Production Partners LP has closed an agreement with Sanchez Energy Corp. to acquire wellbore interests in certain producing oil and natural gas wells in the Eagle Ford shale play for aggregate consideration of $85 million.

    OGFJ photo of the day


    Click to view slideshow

    Oil & Gas Jobs

    Search More Job Listings >>
    Subscribe to OGFJ