Coastal Energy Company
Coastal Energy Company is a Cayman Islands-incorporated oil and gas exploration and production company, on file with the registered address George Town, Grand Cayman, Cayman Islands (Zavia registry ID 196881087). The company traces its origins to Petroworld Corp., a Cayman Islands company incorporated in May 2004, which acquired NuCoastal (Thailand) Limited in 2005 and was subsequently renamed Coastal Energy Company. It operated as an international upstream oil and gas company focused on Southeast Asia, with production from the onshore Sinphuhorm (Phu Horm) gas field and oil from the Songkhla field in the Gulf of Thailand, held through licence blocks G5/43 and G5/50.
Coastal Energy Company’s common shares traded on the Toronto Stock Exchange under the ticker CEN and on London’s AIM market under the ticker CEO. On 19 November 2013, Coastal Energy Company announced a definitive merger agreement under which Compania Espanola de Petroleos, S.A.U. (CEPSA), acting through a newly incorporated CEPSA-controlled acquisition vehicle, agreed to acquire all of Coastal Energy Company’s issued and outstanding shares for C$19.00 per share in cash, an aggregate transaction value of approximately C$2.3 billion including assumed net debt. The merger completed in 2014, and Coastal Energy Company’s shares were delisted from both the Toronto Stock Exchange and AIM. Coastal Energy Company is not currently an independently listed or publicly traded company.
Following the acquisition, the former Coastal Energy upstream business became part of the CEPSA group, which was rebranded Moeve in 2024. Moeve’s most recently published official subsidiaries disclosure lists a wholly owned entity named Coastal Energy Company, S.L.U., incorporated in Spain, as the current holding vehicle for the group’s Thailand and Malaysia upstream interests. This Spanish entity is a distinct legal entity from the Cayman Islands company described in this registry record, and no source reviewed confirms whether the two are linked through direct legal succession or a separate post-acquisition reorganisation. The present-day registration status of the original Cayman Islands entity could not be independently confirmed, as the Cayman Islands General Registry does not offer a public search tool that reports individual company status.
- Company fundamentals
- Corporate linkage & group structures
- Digitized company financials
- Firmographics — websites, social profiles, revenue and employee estimates
Shareholders
Shareholders of Coastal Energy Company
Coastal Energy Company was, prior to 2014, a publicly traded company with shares listed on the Toronto Stock Exchange (TSX: CEN) and London’s AIM market (AIM: CEO), meaning its shareholder base historically consisted of public market investors rather than a small number of disclosed private holders. Following completion of the CEPSA merger in 2014, all of Coastal Energy Company’s issued and outstanding shares were acquired for C$19.00 per share in cash by a newly incorporated acquisition vehicle controlled by Compania Espanola de Petroleos, S.A.U. (CEPSA), with Strategic Resources (Global) Limited as an investor in that acquisition vehicle, ending public trading in the company’s shares. As a Cayman Islands-incorporated company, Coastal Energy Company is not required to file a public shareholder register, and no current shareholder listing is publicly accessible for the entity today.
Ultimate beneficial ownership
No ultimate beneficial owner can be reliably identified for the Cayman Islands entity itself, since Cayman Islands company law does not require shareholder or beneficial-ownership filings to be made public. Publicly available deal information shows that control of Coastal Energy Company passed in 2014 to an acquisition vehicle controlled by Compania Espanola de Petroleos, S.A.U. (CEPSA), which is majority owned by Mubadala Investment Company of Abu Dhabi, United Arab Emirates (63%), with The Carlyle Group holding the remaining 37% since a transaction completed in October 2019, per Mubadala’s and Carlyle’s own announcements. This describes the ownership of the acquiring group rather than a calculated effective ownership percentage in Coastal Energy Company itself, since the exact post-merger shareholding chain between the acquisition vehicle and the Cayman Islands entity is not publicly disclosed.
Data availability
Shareholder and beneficial-ownership information for Coastal Energy Company is Not public at the Cayman Islands registry level, and Historical for the pre-2014 period, when the company was a widely held TSX- and AIM-listed issuer rather than a closely held private company.
Sources
Coastal Energy Company, “CEPSA to Acquire Coastal Energy Company for C$19.00 Per Share,” press release, 19 November 2013: https://www.globenewswire.com/news-release/2013/11/19/590787/10058583/en/CEPSA-to-Acquire-Coastal-Energy-Company-for-C-19-00-Per-Share.html (retrieved 11 September 2026). “Coastal Energy acquired by CEPSA,” Lexpert Big Deals: https://www.lexpert.ca/big-deals/coastal-energy-acquired-by-cepsa/347905 (retrieved 11 September 2026). Mubadala Investment Company, “The Carlyle Group Completes Acquisition of Shareholding in Cepsa from Mubadala,” press release: https://www.mubadala.com/en/news/carlyle-group-completes-acquisition-shareholding-cepsa-mubadala (retrieved 11 September 2026).
Officers
Directors and officers of Coastal Energy Company
No current, officially disclosed directors or officers are publicly available for Coastal Energy Company at the Cayman Islands registry level; the on-file registry data confirms that officer information is not published for this jurisdiction. Prior to the 2014 change of control, Coastal Energy Company was led by Randy Bartley as President and Chief Executive Officer, who was quoted in the company’s 19 November 2013 announcement of the CEPSA merger agreement. Following completion of the CEPSA acquisition in 2014 and the delisting of Coastal Energy Company’s shares from the Toronto Stock Exchange and AIM, the pre-acquisition public-company management is understood to have left the acquired entity in the ordinary course of a full change-of-control transaction. No source reviewed identifies any officer currently serving the Cayman Islands entity, and it should not be presumed to retain its pre-acquisition executive team. Officer nationality was not disclosed in any reviewed source and has not been inferred from names, residence or correspondence addresses.
Data availability
Officer information for Coastal Energy Company is Not public at the Cayman Islands registry level. Historical officer information for the period before the 2014 acquisition is available only through the company’s Toronto Stock Exchange and AIM disclosure filings and public announcements, not through the Cayman Islands company registry itself.
Sources
Coastal Energy Company, “CEPSA to Acquire Coastal Energy Company for C$19.00 Per Share,” press release, 19 November 2013: https://www.globenewswire.com/news-release/2013/11/19/590787/10058583/en/CEPSA-to-Acquire-Coastal-Energy-Company-for-C-19-00-Per-Share.html (retrieved 11 September 2026).
Group Structure
Group structure of Coastal Energy Company
Coastal Energy Company was an independent, TSX- and AIM-listed company until 2014, when Compania Espanola de Petroleos, S.A.U. (CEPSA), acting through a newly incorporated, CEPSA-controlled acquisition vehicle (with Strategic Resources (Global) Limited as an investor in that vehicle), acquired all of its issued and outstanding shares for approximately C$2.3 billion, per the 19 November 2013 merger announcement and the deal’s completion in 2014. Coastal Energy Company’s shares were delisted from the Toronto Stock Exchange and AIM following completion. CEPSA itself was rebranded Moeve in 2024 and is majority owned by Mubadala Investment Company of Abu Dhabi, United Arab Emirates (63%), with The Carlyle Group holding the remaining 37% since October 2019. Moeve’s most recently published official subsidiaries disclosure lists a wholly owned Spanish entity, Coastal Energy Company, S.L.U., as the current 100%-held holding company for the former Coastal Energy group’s Thailand and Malaysia upstream interests, including NuCoastal (Thailand) Limited, Coastal Energy Company (Khorat) S.L.U., Coastal Energy KBM Sdn Bhd and CEC International Ltd. This Spanish entity is a distinct legal entity from the Cayman Islands company that is the subject of this profile; no official filing reviewed confirms whether they are linked through direct succession, merger or a separate post-acquisition reorganisation, so this is presented as a possible relationship rather than a verified one.
Verified corporate relationships
Verified: Compania Espanola de Petroleos, S.A.U. (CEPSA / Moeve), Spain, acquired 100% of Coastal Energy Company’s shares in a merger completed in 2014 via a CEPSA-controlled acquisition vehicle. Verified: Mubadala Investment Company (Abu Dhabi, United Arab Emirates) holds 63% of CEPSA/Moeve, and The Carlyle Group holds the remaining 37%, both effective October 2019. Possible relationship, not verified: Coastal Energy Company, S.L.U. (Spain), a current wholly owned Moeve subsidiary trading under the same name and holding the former Coastal Energy group’s Thailand and Malaysia assets; its legal connection to the Cayman Islands entity covered by this profile is not confirmed by any official filing reviewed.
Recent structural changes
Acquisition: CEPSA’s acquisition of all Coastal Energy Company shares completed in 2014 for approximately C$2.3 billion, announced 19 November 2013. Corporate rebrand: CEPSA, ultimate parent of the current Coastal Energy Company, S.L.U., rebranded as Moeve in 2024. Ownership change at parent level: The Carlyle Group’s acquisition of a 37% stake in CEPSA from Mubadala Investment Company completed in October 2019.
Data availability
Group-structure information for Coastal Energy Company is Partial: the 2014 change-of-control transaction is well documented through official company announcements and reputable deal reporting, and the current ultimate ownership of CEPSA/Moeve is confirmed via the parent companies’ own announcements, but no Cayman Islands registry filing was located confirming the present-day status or ownership chain of the Cayman Islands entity itself.
Sources
Coastal Energy Company, “CEPSA to Acquire Coastal Energy Company for C$19.00 Per Share,” press release, 19 November 2013: https://www.globenewswire.com/news-release/2013/11/19/590787/10058583/en/CEPSA-to-Acquire-Coastal-Energy-Company-for-C-19-00-Per-Share.html (retrieved 11 September 2026). “CEPSA agrees to Coastal Energy takeover,” Offshore Magazine, 19 November 2013: https://www.offshore-mag.com/business-briefs/company-news/article/16771641/cepsa-agrees-to-coastal-energy-takeover (retrieved 11 September 2026). “Coastal Energy acquired by CEPSA,” Lexpert Big Deals: https://www.lexpert.ca/big-deals/coastal-energy-acquired-by-cepsa/347905 (retrieved 11 September 2026). Mubadala Investment Company, “The Carlyle Group Completes Acquisition of Shareholding in Cepsa from Mubadala,” press release: https://www.mubadala.com/en/news/carlyle-group-completes-acquisition-shareholding-cepsa-mubadala (retrieved 11 September 2026). Moeve (Compania Espanola de Petroleos, S.A.), “Subsidiaries of CEPSA’s Consolidated Group,” official subsidiaries disclosure: https://www.moeveglobal.com/stfls/corporativo/FICHEROS/listado_sociedades_cepsa_eng.pdf (retrieved 11 September 2026). “Now Cepsa is Moeve: this is our history,” Moeve official website: https://www.moeveglobal.com/en/the-company/moeve-history (retrieved 11 September 2026).
Registry feed — rows exactly as filed with Cayman Islands General Registry, including entries the profile above does not cover.
GOVERNMENT OF ABU DHABI
United Arab Emirates
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Frequently Asked Questions
What is Coastal Energy Company?
Coastal Energy Company is a Cayman Islands-incorporated oil and gas exploration and production company that operated in Southeast Asia, principally in Thailand, until it was acquired in 2014.
Is Coastal Energy Company still an independent, publicly traded company?
No. Coastal Energy Company was acquired by Compania Espanola de Petroleos, S.A.U. (CEPSA) in 2014 and its shares were delisted from both the Toronto Stock Exchange and London's AIM market; it is no longer independently listed.
Who acquired Coastal Energy Company?
Compania Espanola de Petroleos, S.A.U. (CEPSA), now rebranded Moeve, acquired all of Coastal Energy Company's issued and outstanding shares in 2014 through a newly incorporated, CEPSA-controlled acquisition vehicle, with Strategic Resources (Global) Limited as an investor in that vehicle.
When was the CEPSA acquisition announced and completed?
The definitive merger agreement was announced on 19 November 2013, and the transaction completed in 2014 following shareholder and regulatory approval.
How much did CEPSA pay for Coastal Energy Company?
CEPSA agreed to pay C$19.00 per common share in cash, an aggregate transaction value of approximately C$2.3 billion including about C$51 million of assumed net debt.
On which stock exchanges was Coastal Energy Company listed before its acquisition?
Coastal Energy Company's common shares traded on the Toronto Stock Exchange under the ticker CEN and on London's AIM market under the ticker CEO.
What were Coastal Energy Company's main assets?
Coastal Energy Company's operations were focused on Thailand, including gas production from the onshore Sinphuhorm (Phu Horm) field and oil production from the Songkhla field in the Gulf of Thailand, held through licence blocks G5/43 and G5/50.
Who led Coastal Energy Company before the acquisition?
Randy Bartley served as President and Chief Executive Officer of Coastal Energy Company at the time of the 2013 merger announcement; no currently active Cayman Islands-level officers are publicly disclosed for the entity today.
Who ultimately owns CEPSA, the company that acquired Coastal Energy Company?
CEPSA, rebranded Moeve in 2024, is majority owned by Mubadala Investment Company of Abu Dhabi, United Arab Emirates (63%), with The Carlyle Group holding the remaining 37% since a transaction completed in October 2019.
Does a company still operate under the Coastal Energy Company name today?
Yes, but as a distinct legal entity. Moeve's latest published subsidiaries disclosure lists a Spanish entity, Coastal Energy Company, S.L.U., as its current wholly owned holding company for the former Coastal Energy group's Thailand and Malaysia interests; this is not the same legal entity as the Cayman Islands company covered by this profile.
Is the original Cayman Islands entity still registered?
This could not be independently confirmed. The Cayman Islands General Registry does not offer a public search tool that reports individual company status, so whether the original Cayman Islands-incorporated Coastal Energy Company remains on the register, has been struck off, or was merged out of existence as part of CEPSA's integration of the business is not verified in this profile.
Where was Coastal Energy Company originally incorporated?
Coastal Energy Company was incorporated in the Cayman Islands. It began as Petroworld Corp., incorporated in May 2004, and was renamed Coastal Energy Company after acquiring NuCoastal (Thailand) Limited in 2005.
Are Coastal Energy Company's shareholders publicly disclosed?
Not at the Cayman Islands registry level; Cayman Islands company law does not require public disclosure of shareholders. Historical shareholder information is available only through the company's pre-2014 Toronto Stock Exchange and AIM public filings.