BlackRock, Microsoft, Global Infrastructure Partners (GIP), and MGX have unveiled the Global AI Infrastructure Investment Partnership (GAIIP), a strategic collaboration aimed at building the infrastructure necessary to meet the rising demand for artificial intelligence (AI) computing. This initiative seeks to unlock $100 billion in investment potential, starting with an initial $30 billion of private equity […]
Apollo Global Management Inc. has announced that funds managed by the company, referred to as the “Apollo Funds,” will acquire a non-controlling stake in bp Pipelines TAP Limited, a subsidiary of bp that holds a 20% share in Trans Adriatic Pipeline AG (TAP). The transaction, valued at around $1 billion, allows Apollo to gain exposure […]
Scana, a Norwegian industrial investment company, has secured a significant contract to deliver a battery energy storage system (BESS) in Saudi Arabia. This contract represents a major step forward for Scana in its quest to expand its footprint in the Middle Eastern energy market. The deal, valued at several million dollars, involves the supply, installation, […]
ONEOK, Inc. (NYSE: OKE) has announced a significant expansion of its energy infrastructure portfolio through two major acquisitions from Global Infrastructure Partners (GIP), valued at approximately $5.9 billion. The transactions include the acquisition of GIP’s entire stake in EnLink Midstream, LLC (NYSE: ENLC) and 100% of the equity interests in Medallion Midstream, LLC. Under the […]
In a large-scale and deadly escalation, Russia launched an unprecedented aerial assault across Ukraine on Monday, unleashing a wave of drones, cruise, and ballistic missiles that targeted at least 15 regions, according to Ukrainian officials. The attack, described by many as a “nightmare,” has been one of the most extensive and devastating since the beginning […]
New Fortress Energy Inc. (NASDAQ: NFE) has successfully secured a $700 million loan for the construction of its second Floating Liquefied Natural Gas (FLNG) unit, known as FLNG 2. This major financial move comes on the heels of the company’s successful LNG production at its first FLNG unit, FLNG 1, which is set to deliver […]
Energean plc (LSE: ENOG, TASE: אנאג) has announced a significant step in its expansion strategy with the Final Investment Decision (FID) for the Katlan development project in the Israeli waters of the Mediterranean Sea. The decision to proceed with this substantial venture marks a pivotal moment for Energean, highlighting its commitment to enhancing gas production […]
ONEOK, Inc. (NYSE: OKE) has unveiled plans for a major expansion of its pipeline network, aimed at enhancing connectivity between Mid-Continent and Gulf Coast refined products supply and the greater Denver area. The $480 million project involves the construction of a new 230-mile pipeline from Scott City, Kansas, to Denver International Airport (DIA), alongside upgrades […]
In a landmark collaboration, Energy Transfer LP and Sunoco LP have unveiled a joint venture that brings together their extensive crude oil and produced water gathering assets in the Permian Basin. While the deal value remains undisclosed, the ownership structure is clearly defined, with Energy Transfer holding a 67.5% majority stake and Sunoco possessing the […]
Pembina Pipeline Corporation (TSX: PPL; NYSE: PBA), through its affiliate Pembina Gas Infrastructure Inc. (PGI), which it co-owns with KKR, has struck a significant deal with Whitecap Resources Inc. (Whitecap) involving a C$420 million transaction ($252 million net to Pembina). This major deal includes the acquisition of a 50% working interest in Whitecap’s 15-07 Kaybob […]