(Source:Shutterstock.com)
EIG’s LNG company MidOcean Energy announced April 1 an investment from Mitsubishi Corp. to accelerate MidOcean’s global portfolio. Details about Mitsubishi’s investment were not disclosed.
Mitsubishi, which has been active in the LNG sector for over 50 years, said it aims to achieve a carbon-neutral society while meeting evolving energy needs of its customers.
“Welcoming an industry heavyweight such as Mitsubishi Corp. as an anchor investor and strategic partner accelerates MidOcean’s progress in creating a large-scale, pure play global LNG company,” said R. Blair Thomas, EIG’s chairman and CEO in a press release.
Thomas said that global energy transition needs are rapidly contributing to global LNG demand and this investment is an “important” opportunity for MidOcean.
MidOcean also recently acquired three Australian LNG interests from Tokyo Gas.
Recommended Reading
Oceaneering Acquires Global Design Innovation
2024-10-30 - Oceaneering purchased Global Design Innovation, the only provider certified by the United Kingdom Accreditation Service (UKAS) to perform remote visual inspection using point cloud data and photographic images.
ADNOC Contracts Flowserve to Supply Tech for CCS, EOR Project
2025-01-14 - Abu Dhabi National Oil Co. has contracted Flowserve Corp. for the supply of dry gas seal systems for EOR and a carbon capture project at its Habshan facility in the Middle East.
E&P Highlights: Nov. 18, 2024
2024-11-18 - Here’s a roundup of the latest E&P headlines, including new discoveries in the North Sea and governmental appointments.
ProPetro Agrees to Provide Electric Fracking Services to Permian Operator
2024-12-19 - ProPetro Holding Corp. now has four electric fleets on contract.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.