A new federal rule intended to prevent large banks from denying loans to companies in the oil and gas industry and other sectors that have fallen out of favor with some institutional investors because of environmental and social concerns represents a win for energy companies. But it may prove short-lived. The “fair access” rule, finalized…
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U.S. producers are likely to face a “conservative but not knee-jerk response” by banks as they begin spring borrowing base redeterminations, according to a survey by Haynes and Boone LLC.
Looking for capital to construct a natural gas pipeline? Don’t look to Minneapolis-based U.S. Bancorp, parent of U.S. Bank.
The World Bank raised its forecast for 2017 crude oil prices from $53/bbl to $55/bbl Thursday, citing a potential production limits agreed to by the Organization of the Petroleum Exporting Countries (OPEC).
JPMorgan Chase & Co. set aside $124 million to cover potential energy loan defaults during the fourth quarter and could set aside another $750 million in reserves if oil were to stay around $30/bbl for 18 months, top executives said Thursday.
Forty-five governments and producers, including BP plc and the State of California, plan to end routine natural gas flaring at oil production sites by 2030, the World Bank said Monday.
The nation’s largest conservation bank — and a first for greater sage grouse — has been established in central Wyoming to provide credits that would allow energy development in other parts of the state.
Cheniere Energy’s Sabine Pass liquefied natural gas (LNG) terminal in Texas is nearing completion to become the first operational terminal of its kind in the Lower 48. Dominion has begun turning dirt for its Cove Point LNG export project in Maryland, and Freeport LNG has secured financing for the first train at its terminal planned for Quintana Island in Texas.