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Venture Global Lands Funding for Pre-FID Construction Work on Plaquemines LNG Project

Venture Global Lands Funding for Pre-FID Construction Work on Plaquemines LNG Project

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…

February 11, 2021

Banks Feeling Effects of Lower For Longer Oil Prices

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).

June 17, 2016

Harvest Natural, Newfield Complete $215M Uinta Deal

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.

May 20, 2011

DOE Offers $50M Loan Guarantee For CNG Vehicle Production

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.

November 24, 2010

Transportation Notes

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.

October 13, 2010

Transportation Notes

Tennessee said it was lifting Monday the systemwide OFO Action Alert it had implemented Sunday, and it also had resumed allowing Park and Loan Payback nominations.

September 22, 2009

Transportation Notes

Citing “current weather conditions” on its system, TGT said it is not allowing Hourly Overrun Transportation, Delivery Point Loan or Imbalance Payback from the pipeline services north of Jeffersontown Compressor Station until further notice.

April 8, 2009

Transportation Notes

Kinder Morgan Interstate has lifted injection restrictions for all of its storage services (ISS, NNS, FSS and SCS) and for Storage Park & Loan (S-PALS) service that were implemented in late August.

December 6, 2007

Transportation Notes

Tennessee said Thursday it will be required to restrict interruptible storage injections, including FS-AO, Park and Loan Payback services, across its system for the gas days of Saturday through Monday.

June 9, 2006

EX-IM Bank Approves Loan Guarantee for Qatargas 3

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.

December 16, 2005
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