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Noble ties up with US energy firm to form company for energy assets

Published on Jul 15, 2014 10:21 AM

SINGAPORE - Commodities firm Noble Group and US-headquartered EIG Global Energy Partners said on Tuesday they have formed a new company to own and operate energy assets globally.

Harbour Energy will own upstream and midstream energy assets and will be led by new chief executive Linda Z. Cook, who has also been appointed a managing director of EIG.

Noble will be Harbour Energy's preferred offtake and marketing partner, while EIG will manage the company and oversee its acquisition of assets.

"This transaction represents a significant milestone in the continued implementation of Noble's "asset light" strategy, exploiting our best in class expertise in logistics and supply chain management, while partnering with market leading asset managers and owners," said Noble's chief executive Yusuf Alireza in a statement.

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