First Reserve Corporation Company News

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Ezra Sells 80% Interest in Lewek EMAS FPSO to PetroFirst for $166.35M
Singapore's Ezra agrees to sell stake 80 percent stake in PV Keez, owner of the Lewek EMAS floating production storage and offloading vessel, to PetroFirst Infrastructure 2 for $166.35 million.
8:00 PM EST | July 03, 2016
Petrofac Forms $1.25B Venture As It Refocuses Business
Petrofac and First Reserve form a $1.25 billion investment joint venture in a deal including the sale of some assets of the British oil services company.
8:00 PM EST | June 25, 2014
First Reserve to Commit up to $500MM to Brazilian Co.
First Reserve Corporation announced that its First Reserve Fund XII has provided an equity commitment of up to $500 million to Barra Energia Petroleo e Gas ("Barra Energia").
8:00 PM EST | May 02, 2010
DOF Sets Offer Price to Acquire DOF Subsea's Shares
DOF and First Reserve Corporation entered into an agreement whereby DOF shall put forth an offer to acquire all of the oustanding shares of DOF Subsea at NOK 39.00 per share in cash.
8:00 PM EST | September 21, 2008
DOF Finalizes Plans to Acquire DOF Subsea's Shares
DOF and First Reserve Corporation are currently in the process of discussing the final agreements regarding DOF's intention to put forward an offer to acquire all the outstanding shares of DOF Subsea ASA.
8:00 PM EST | August 24, 2008
CHC Shareholders Approve Acquisition of CHC by First Reserve Corp.
The arrangement involves the acquisition of all of CHC's outstanding Class A Subordinate Voting Shares and Class B Multiple Voting Shares for cash consideration of Cdn$32.68 per share.
8:00 PM EST | April 29, 2008
First Reserve Acquires CHC in Largest-Ever Oilfield Services Buyout
CHC and First Reserve believe that the all-cash transaction, which values the company at an adjusted enterprise value of Canadian $3.7 billion, is the largest-ever buyout in the oilfield services industry.
7:00 PM EST | February 21, 2008
First Reserve Corporation Promotes Three Key Executives
First Reserve Corporation, the largest energy-focused private equity firm, announced three key promotions, with Rahman D'Argenio, Jeff Quake and Josh Weiner named as Directors.
7:00 PM EST | January 02, 2008
Brand Energy Takes Reins of Protherm Services Group
The acquisition further strengthens Brand's position as one of the leading specialty service providers on the Gulf Coast. Transaction terms were not disclosed.
7:00 PM EST | January 02, 2008
First Reserve Secures Largest Private Equity Buyout of Drilling Service Co.
The Abbot Group buyout by First Reserve is the largest-ever drilling services private equity buyout. Director Neil Hartley said Abbot Group provides established global drilling services that will expand international market growth for First Reserve.
7:00 PM EST | December 18, 2007
First Reserve Commits $350 Million to Cobalt
Cobalt International Energy says that First Reserve has joined its investor group with a $350 million commitment.
7:00 PM EST | December 02, 2007
Nabors and First Reserve Commit $1 Billion to NFR Energy
Nabors Industries and First Reserve Corporation have agreed to form NFR Energy LLC, a new joint venture to invest in oil and gas exploitation opportunities worldwide.
8:00 PM EST | September 21, 2006
First Reserve Sells Caledonia Oil & Gas Limited to E.on for GBP 470 Million
First Reserve has sold its portfolio company Caledonia Oil & Gas Limited, a growing North Sea gas production company, to E.on.
8:00 PM EST | September 25, 2005
First Reserve Acquires Dresser Rand Unit from Ingersoll-Rand
First Reserve Corporation has agreed to acquire the Dresser-Rand Company, a business unit of Ingersoll-Rand Company Limited for approximately $1.2 billion.
8:00 PM EST | August 25, 2004