Venture Global Inc. said Thursday that it’s closed a $500 million term loan with four banks to fund pre-sanctioning construction activities for the company’s Plaquemines LNG export project in Louisiana. The transaction was upsized from $400 million to $500 million “based on strong lender interest,” the company said. The term loan was made by JPMorgan…
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With low oil prices lasting longer than many expected, banks in the energy-rich 11th Federal Reserve District saw loan growth and profitability decline in 2015, according to a new report from the Federal Reserve Bank of Dallas (Fed).
Harvest Natural Resources Inc. (HNR) has completed the sale of its oil and gas assets in the Uinta Basin of Utah to an affiliate of Newfield Exploration Co. for $215 million in cash, Houston-based HNR said Wednesday. The sale has an effective date of March 1.
The Department of Energy (DOE) has offered a nearly $50 million conditional loan commitment to The Vehicle Production Group LLC (VPG) to support the development of the six passenger MV-1, a wheelchair-accessible vehicle that will run on compressed natural gas (CNG), Energy Secretary Steven Chu said Tuesday.
Citing continued limited operational flexibility, Tennessee said it was not accepting nominations on PAL-D Parks, PAL-D Loan Payback or ISPA Interruptible Storage Injections at the Bear Creek facility in northwest Louisiana effective with Wednesday’s gas day. In addition, Tennessee said Tuesday it had completed a Line 527A-300 abandonment project three days ahead of schedule and was allowing physical flow to resume at the Venice Interconnect subject to scheduled nominations.
The Export-Import Bank of the United States (Ex-Im Bank) said Thursday that it has approved a loan guarantee of up to $403.5 million to support the export of U.S. equipment and services to Qatar Liquefied Gas Co. 3 Ltd. (Qatargas 3) for supply development, transportation infrastructure and construction of a natural gas liquefaction plant and related facilities in Qatar.