The Blackstone Group Inc.
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About
Blackstone is one of the world’s leading investment firms. The firm seeks to create positive economic impact and long-term value for its investors, the companies it invests in, and the communities in which it works. Blackstone does this by using extraordinary people and flexible capital to help companies solve problems. The firm's asset management businesses, with $450 billion in assets under management, include investment vehicles focused on private equity, real estate, public debt and equity, non-investment grade credit, real assets and secondary funds, all on a global basis. Blackstone also provides various financial advisory services, including financial and strategic advisory, restructuring and reorganization advisory and fund placement services.
Transactions
Blackstone Unit Acquires 49% Stake in US LNG Facility from EIG
Blackstone Unit Acquires 49% Stake in US LNG Facility from EIG
Diamondback to Buy Shale Rival QEP in $2.2 Billion Deal
Diamondback to Buy Shale Rival QEP in $2.2 Billion Deal
Mesquite Energy Acquires Blackstone Group’s Eagle Ford Shale Venture in Bankruptcy Auction
Mesquite Energy Acquires Blackstone Group’s Eagle Ford Shale Venture in Bankruptcy Auction
Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion
Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion
Tallgrass Energy Agrees To Blackstone’s Sweetened Offer
Tallgrass Energy Agrees To Blackstone’s Sweetened Offer
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New Financings
The asset manager will invest about $1.5 billion in the oil-rich Permian Basin in Texas and New Mexico by…
Formed Clarion Offshore Partners LLC, a new platform to provide strategic solutions to the offshore oil…
Commenced the investment period for Blackstone Energy Partners II with demand surpassing its $4.5 billion…
GeoSouthern Energy Corporation and Blackstone closed a $1-billion borrowing base facility. Proceeds will…
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Instantly unlock over 15 years of A&D transactions and financing data.
News
Blackstone Closes $7.1 Billion Energy Transition Private Credit Fund
The New York credit-focused asset management firm said there may by $100 billion in energy transition opportunities throughout its portfolio.
Targa to Buy Remaining Stake In NGL Pipeline From Blackstone For $1.05 Billion
Targa Resources will purchase a 25% stake from Blackstone Energy Partners after Targa acquired 75% interest in the pipeline in 2022.
US Bankers Head to Saudi ‘Davos in the Desert’ Despite Tensions
Heads of major U.S. banks JPMorgan Chase, Blackstone and Goldman Sachs remain keen to tap Saudi Arabia’s oil wealth as it enjoys a petrodollar-fueled boom.
Apollo, Blackstone Seek Buyers for Large Private Oil Producer Ridgeback Resources
Two investment banks have been hired to manage the sale of Ridgeback Resources, one of the largest private oil producers in Canada, which sources said could be sold in multiple transactions.
Blackstone Unit Acquires 49% Stake in US LNG Facility from EIG
U.S. pipeline operator Kinder Morgan will continue holding the remaining 51% of Elba Liquefaction Co. following the sale of a 49% stake in the LNG facility in Georgia to Blackstone Inc.’s credit investment unit.
Blackstone Launches Platform to Invest up to $100 Billion in Renewables
“The launch of this platform demonstrates our conviction in the investment opportunities presented by the energy transition,” Jon Gray, president and COO of Blackstone, said.
Blackstone to Invest $3 Billion in Invenergy Renewables
Blackstone's investment will provide capital to accelerate Invenergy's renewables development activities, the company said in a statement.
Blackstone Taps Alasdair Cathcart to Bolster Energy Transition Strategy
Most recently, Alasdair I. Cathcart served as president of Bechtel’s global oil, gas and chemicals business headquartered in Houston.
Appalachia Gas Producer Alta Resources Reportedly Exploring $3 Billion Sale
Should there be a deal for Alta Resources, it would be the latest in a string of tie-ups among gas producers in the U.S. Northeast.
Blackstone Sells Stake in Cheniere Energy Partners Valued at $7 Billion
The sale of the approximately 42% stake in Cheniere Energy Partners represented the culmination of Blackstone’s involvement with the Houston-based LNG producer.
Blackstone Sells About 40% Stake in Cheniere Energy’s Limited Partnership
The Blackstone Group will gain $5 billion from the sale of the stake in LNG producer Cheniere Energy’s limited partnership, according to a Bloomberg report.
Brookfield in Talks to Buy Cheniere’s Stake from Blackstone
The infrastructure arm of Brookfield Asset Management Inc. is in talks to buy Blackstone Group Inc.’s minority stake in Cheniere Energy Partners, Bloomberg News reported on Aug. 11, citing people familiar with the matter.
Blackstone Group to Buy LLOG’s Stake in Gulf of Mexico Project
The Blackstone Group, through portfolio company Beacon Offshore Energy, is buying LLOG Exploration's 31% holding in the $250 million Shenandoah project in the Gulf of Mexico.
Blackstone Group’s Eagle Ford Shale Venture Files for Bankruptcy
The bankruptcy filing by Blackstone Group's Gavilan Resources comes amid an "increasingly unworkable relationship" with Sanchez Energy, its partner in the Eagle Ford Shale.
Tallgrass Shareholders Approve Blackstone-led Buyout
Tallgrass Energy shareholders on April 16 backed a buyout by a Blackstone-led group that valued the U.S. oil pipeline operator at $6.3 billion.