News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Private Equity

Noble and EIG joint venture bids for Santos assets

Australian energy company's value has more than halved over the past year amid lower oil prices

Noble and EIG joint venture bids for Santos assets
Photo: iStock

An energy venture controlled by Hong Kong commodity trader Noble Group and US private equity firm EIG Global Energy Partners has bid for assets being auctioned by Australian energy company Santos, said people familiar with the matter.

The venture, Harbour Energy, is seeking to buy Santos assets that are based in Australia and Asia, said one person with knowledge of the process. Harbour Energy also has discussed other potential transactions with Santos's senior management, the person said.

WSJ Logo