Royal Bank Capital Partners, the private equity arm of Royal Bank of Canada, has launched a $100-million fund that will invest in oil and gas, power and technology service companies. The fund is led by Paul McDermott, and comanaged by Bruce Rothstein, managing director, and Ray Sheen, director. Rothstein and McDermott were with First Reserve Corp., the Greenwich, Conn.-based private equity firm that invests exclusively in energy. Previously, Rothstein was executive vice president and chief financial officer of Entech Industries, a company formed by First Reserve to acquire and operate high-end valve manufacturers, and was with Ernst & Young as a senior manager specializing in mergers and acquisitions. Sheen was vice president of Deutsche Bank's energy group, a project finance director at Union Bank of Switzerland and held various positions, including vice president, in Lehman Brothers' independent power group. He was also with GE Capital, as an assistant vice president in the energy finance group. -Petroleum Finance Week
Recommended Reading
Electrification Lights Up Need for Gas, LNG
2024-09-20 - As global power demand rises, much of the world is unable to grasp the need for gas or the connection to LNG, experts said.
ATCE: Oil, Gas Face ‘Opportunities, Not Challenges’ as Global Energy Demands Grow
2024-09-23 - Experts at the 100th Annual Technical Conference predict the continued dominance of the oil and gas industry amid decarbonization efforts.
North American LNG Exports Surge: Texas Fuels Mexico’s Growth
2024-11-05 - Mexico is finally getting its feet off the ground with LNG exports, joining the U.S. to make North America an LNG exporting powerhouse.
Chesapeake Pushes to Move 10% of US Shale Gas into Asian Markets
2024-09-17 - Chesapeake Energy is targeting getting 10% to 15% of its production onto an international index, the company’s Executive LNG Adviser Katrina Kaufman said Sept. 16 during the Asia-US LNG Roundtable.
Analyst: Could Permian Gas Pipelines Fall Short of LNG Sweet Spot?
2024-09-23 - Permian Basin oil producers will be elated to see the Matterhorn Express and another planned pipeline move gas out of their way — but both will terminate east of the biggest LNG market in the world.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.