Private-equity firm Carlyle Group LP is looking to raise a $4 billion fund for investing in oil and gas assets outside North America, the Financial Times reported July 17.
The fund will be used to buy companies in the energy supply chain and through these companies, assets in exploration and production, refining, marketing and oilfield services will be bought, the FT reported.
Carlyle was not immediately available for comment.
"Not so many investors are deploying money in Africa, the North Sea and Russia, so there is an opportunity," an institutional investor, with direct knowledge of the new fund, told the newspaper.
Carlyle's London-based team is exploring investments in Europe, Africa, Latin America and Asia, according to the FT report.
Two of the company's top executives met investors on July 17, the report said, citing two people at the gathering.
In 2013, the company had launched Carlyle International Energy Partners (CIEP), the group's overseas energy investment fund, with $2.5 billion and made a number of high-profile deals.
Reuters reported in November that the Washington-based company was raising $1 billion for a new fund to invest in oil and gas outside the U.S.
Recommended Reading
Halliburton’s Low-key M&A Strategy Remains Unchanged
2024-04-23 - Halliburton CEO Jeff Miller says expected organic growth generates more shareholder value than following consolidation trends, such as chief rival SLB’s plans to buy ChampionX.
Deepwater Roundup 2024: Americas
2024-04-23 - The final part of Hart Energy E&P’s Deepwater Roundup focuses on projects coming online in the Americas from 2023 until the end of the decade.
Ohio Utica’s Ascent Resources Credit Rep Rises on Production, Cash Flow
2024-04-23 - Ascent Resources received a positive outlook from Fitch Ratings as the company has grown into Ohio’s No. 1 gas and No. 2 Utica oil producer, according to state data.
E&P Highlights: April 22, 2024
2024-04-22 - Here’s a roundup of the latest E&P headlines, including a standardization MoU and new contract awards.
Technip Energies Wins Marsa LNG Contract
2024-04-22 - Technip Energies contract, which will will cover the EPC of a natural gas liquefaction train for TotalEnergies, is valued between $532 million and $1.1 billion.