Energy

SWFI First Read, July 20, 2017

Path to an Indian National Oil Champion India-owned Oil and Natural Gas Corporation Limited (ONGC) got a green light to acquire a 51.1% stake in state-owned refiner Hindustan Petroleum Corporation from the Indian government. The ownership stake is valued at US$ 4.6 billion based on a recent market valuation of Hindustan Petroleum Corporation. Alpha Investment […]


oil

ADNOC Takes Steps for Potential Restructuring

The Abu Dhabi National Oil Company (ADNOC), a government-owned oil company, is looking to have an initial public offering (IPO) of its service stations unit. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Largest Oncor Parent Creditor Seeks to Block Warren Buffett

Paul Singer’s Elliott Management Corporation, an activist hedge fund, is looking to challenge Warren Buffett’s bid on Oncor Electric Delivery Company, LLC (Oncor), a regulated transmission and distribution business. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CPPIB to Own Large Portion of Ireland’s Natural Gas Production

The Corrib Natural Gas Field in Ireland is swapping out an owner. Discovered in 1996, the Triassic gas field is located 83 kilometers off the northwest coast of Ireland. The field lies in the Slyne Trough in Blocks 18/20 and 18/25. Most of the gas is composed of methane. [ Content protected for Sovereign Wealth […]


sovereign wealth india

GIC Buys Shares of Gayatri Projects

Singapore’s GIC Private Limited acquired a 6.2% stake in Gayatri Projects Ltd., a listed infrastructure company in India, by purchasing 1.1 crore shares at around Rs 150 per share, for a total value of Rs 165 crore (US$ 25.526). Gayatri is involved in many ventures including energy generation. Gayatri has a venture with Sembcorp Utilities, […]


Egypt Plans Partial Privatization of ENPPI

Cairo-based Engineering for the Petroleum & Process Industries (ENPPI), Egypt’s state-owned oil company, plans to have an initial public offering (IPO). [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 6, 2017

Qatar Sovereign Wealth: $26 Billion in U.S., Since 2015 Revealed at a business roundtable meeting held by the US-Qatar Business Council (USQBC) in Washington, D.C., is that the Qatar Investment Authority (QIA) has invested roughly US$ 26 billion into the United States since 2015. The QIA is looking to open a San Francisco office to […]


Dutch Giant ABP to Build the Biggest Mainland Wind Farm in Sweden

APG Asset Management, on behalf Dutch giant Stichting Pensioenfonds ABP, committed €327 million to build the biggest wind farm in mainland Sweden called The Åskalen project. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, July 2, 2017

APFC Employees Get Assurance, Budget Bill is Signed Employees at the Alaska Permanent Fund Corporation (APFC) will be able to get assurance on their jobs. Down to the days in budget negotiations, Alaska Governor Bill Walker signed the state’s annual operating budget into law at the end of June. Walker signed the budget without using […]


Kuwait National Petroleum Company Gets Working on Clean Fuels Project

As oil prices remain stagnant, Gulf countries are moving to make their operations more efficient and profitable by using the latest available technologies. Kuwait National Petroleum Company (KNPC) had a US$ 6.245 billion export credit agency (ECA) financing for the KNPC Clean Fuels Project closing at the end of May. The project is upgrading and […]


CPPIB Funds $1 Billion U.S. Oil and Gas Platform Managed by Encino Energy

Another Canadian institutional investor is taking a bet on U.S. energy, further expanding its exposure to fossil fuel natural resources. The Canada Pension Plan Investment Board (CPPIB) is funding a platform called Encino Acquisition Partners (EAP) that will target U.S. oil and gas acquisition opportunities kicking in US$ 1 billion. [ Content protected for Sovereign […]


GIC Extends Wiggle Room on Green Dragon Gas Convertibles

Singapore’s GIC Private Limited has given Green Dragon Gas Ltd. flexibility on its financing. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Bumi Resources Gets Approval on Rights Issue

PT Bumi Resources Tbk. is the biggest thermal coal miner in Indonesia and one that is mired in a massive pile of debt. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


PSP Investments Buys into Pattern Energy Platform

PSP Investments is making a big move into the wind renewable energy sector by increasing its investment with Pattern Energy Group Inc. through a variety of means. First, PSP Investments is purchasing 8.7 million shares, a 9.9% ownership interest, of Pattern Energy stock from Pattern Development 1.0. [ Content protected for Sovereign Wealth Fund Institute […]


Engie to Acquire a 40% Stake in Tabreed

Mubadala is making moves to diversify some of its holdings, letting some foreign companies to have ownership. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


No New Investments and Layoffs: Alaska Permanent Fund Preps for Government Shutdown

The State of Alaska could be facing a government shutdown by July 1, 2017. Alaska’s House of Representatives and Senate are at odds with one another – standing in the middle is Alaskan Governor Bill Walker. Governor Walker and Alaskan Democrat officials want to raise taxes, while the Alaskan Republican officials don’t want a tax […]


Overseas Asian Wealth Fund Money Funds Permian Basin Natural Gas Project

Singapore’s GIC Private Limited is making a play to help finance energy development in the Delaware Basin. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


CDPQ Gives Major Financial Boost for Osisko Gold Portfolio Acquisition

In a private placement deal, CDPQ is investing C$ 200 million in Osisko Gold Royalties Ltd. Another investor joining the private placement is Fonds de solidarité (FTQ), which is investing C$ 75 million into Osisko Gold. The deal was announced on June 5, 2017. The private placement deal is subject to a 7% capital commitment […]


Kuwait Makes Timely Transfer to SWF, Projects Gov Deficit of $26 Billion

On the backdrop of political headwinds in the GCC region, Kuwait’s parliament had approved a government budget for the current fiscal year to March 31, 2018. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


doha sovereign wealth fund

QIA Disagreed with WSJ Story on Rosneft Buyback

The Qatar Investment Authority (QIA) issued a response to a recent Wall Street Journal (WSJ) story over the 19.5% stake sale of Rosneft to Glencore and the QIA that included an agreement for the Russian government or state entity to buy back shares. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please […]