First Reserve

First Reserve is a leading global private equity and infrastructure investment firm exclusively focused on energy. With over 30 years of industry insight, investment expertise and operational excellence, the firm has cultivated an enduring network of global relationships and raised approximately USD $31 billion of aggregate capital since inception. First Reserve has completed more than 575 transactions (including platform investments and add-on acquisitions). Its portfolio companies span the energy spectrum from upstream oil and gas to midstream and downstream, including resources, equipment and services and infrastructure.


Mercuria is one of the world's largest integrated energy and commodity trading companies. The company focuses primarily on energy commodities, with a presence throughout the commodity value chain sustained by a balanced combination of global commodity flows and strategic assets.

In fast converging commodity markets, the company's expertise covers all segments of the energy complex. Through its trading hubs in Europe, North America and Asia, the Company has business relationships with the major producers and consumers around the world.

Mercuria has consistently invested in upstream oil, gas and coal mining assets around the world and benefits from wide-ranging infrastructure capabilities, including oil petroleum products storage terminals and production assets. These investments underpin the Company's growing presence as a major player in the global commodity markets.