Energy Capital Partners, part of Bridgepoint Group, is one of the largest private owners of natural gas infrastructure assets in the US. The company cited growing demand for reliable natural gas supply in the UK and Europe as a key driver for the acquisition.
Under the agreement, initially announced on April 22, 2025, Golden Ocean will merge into CMB.TECH Bermuda, a wholly-owned CMB.TECH subsidiary, with Golden Ocean shareholders receiving 0.95 CMB.TECH shares for each Golden Ocean share. Upon completion, CMB.TECH will issue approximately 95 million new shares and, following the transaction, CMB.TECH shareholders will own around 70% of the combined company.
SBM Offshore announces it has completed the project financing of FPSO Jaguar for a total of US$1.5 billion.
The project financing was fully secured by a consortium of 16 international financial institutions. SBM expects to draw the loan phased over the construction period of the FPSO. The project loan is in line with the duration of the construction phase.