First Reserve Corporation has backed a repeat management team and created a new exploration and production company, Templar Energy. Templar is focused on investing primarily in the mature, liquids-rich producing basins in the Mid-Continent Region. The Templar team is led by industry veteran David Le Norman. Financial terms of the First Reserve investment were not disclosed.

Energy-focused investment group First Reserve Corporation has appointed Alex T. Krueger as president. He has been with First Reserve for 13 years, most recently serving as a managing director in London. He was previously co-head of First Reserve’s buyout funds and has expertise in natural resources. PRESS RELEASE First Reserve Corporation, a leading global investment [...]

First Reserve Corporation, an energy-focused global investment firm, has expanded with two new appointments. Claudi Santiago joins as a managing director and chief operating officer and will be based in London. Irene Mavroyannis also joins as a managing director in its investor relations group and will be based in Greenwich. PRESS RELEASE First Reserve Corporation, [...]

Barra Energia, the Brazilian oil and gas company based in Rio de Janeiro, has closed a deal to buy the remaining 10 percent of Royal-Dutch Shell‘s stake in a deep-water subsalt exploration block off Brazil’s coast. Shell said the sale was part of a previously announced reshuffle of its asset portfolio. It plans to continue investing in Brazil and expects [...]