Most of the top financial officers of oil and natural gas companies expect 2023 to bring increases to profitability as a result of post-Covid demand recovery and investors “warming to the industry,” according to a recent survey from BDO USA LLP. In the face of a potential economic downturn this year, energy companies are still…
Financing
Articles from Financing
Oil, Natural Gas Lenders Optimistic on 2022 Growth, Cautious Long Term
Banks that actively lend to the oil and natural gas sector are upbeat about strong commodity prices and rising production activity that necessitate new and expanded exploration and drilling projects – and financing to make it happen. Some are reporting loan growth as a result. Others look for increased lending to develop as the year…
April 29, 2022
Permian-Focused Solaris Issues ‘Landmark’ Sustainability Bonds for Produced Water Infrastructure
Permian Basin-focused Solaris Midstream Holdings Inc. said it has completed offering $400 million in senior unsecured notes for the first sustainability linked bond (SLB) in the produced water infrastructure industry. The Houston-based operator, parent company to Solaris Water Midstream LLC, said the notes were a “landmark issuance.” SLBs, which are used for general corporate purposes,…
April 5, 2021
NGI The Weekly Gas Market Report
Mozambique LNG Project to Finalize $15B Financing in Possible Sign of Strength
Mozambique liquefied natural gas (LNG), the nation’s first onshore export project, is set to finalize $15 billion of financing commitments this month, according to South Africa’s Rand Merchant Bank (RMB), which is among those funding the facility.
June 4, 2020
Capital Infusions Bolster Camelback Start-up, Improve NuStar Liquidity
A $400 million capital commitment for Camelback Midstream Holdings, and a separate $750 million loan for NuStar Energy LP should help the Lower 48 operators improve their bottom lines.
April 22, 2020
Mexico’s Energy Opportunities Said Hindered by Price Uncertainty, Lack of Infrastructure
Investment dollars are flowing into Mexico’s energy sector faster than meaningful projects and market designs can be put together, according to experts.
January 30, 2018
Tenaska Closes $780M Financing for Pennsylvania NatGas-Fired Power Plant
Omaha-based Tenaska this week said it has completed $780 million of financing for the Westmoreland Generating Station, a 925 MW natural gas-fired power plant to be located in Southwest Pennsylvania.
April 20, 2016
Oil/Gas Wastewater Processor Lands $90M to Construct More Appalachian Facilities
Fairmont Brine Processing LLC, which currently operates an oil and natural gas wastewater treatment facility in Marion County, WV, has closed on a $90 million senior secured credit facility with the investment firm Benefit Street Partners (BSP) LLC to construct additional plants in the Appalachian Basin.
April 20, 2016
Tenaska Closes $780M Financing for Pennsylvania NatGas-Fired Power Plant
Omaha-based Tenaska this week said it has completed $780 million of financing for the Westmoreland Generating Station, a 925 MW natural gas-fired power plant to be located in Southwest Pennsylvania.
April 20, 2016
Oil/Gas Wastewater Processor Lands $90M to Construct More Appalachian Facilities
Fairmont Brine Processing LLC, which currently operates an oil and natural gas wastewater treatment facility in Marion County, WV, has closed on a $90 million senior secured credit facility with the investment firm Benefit Street Partners (BSP) LLC to construct additional plants in the Appalachian Basin.
April 20, 2016
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