Pemex to Remain Fiscally Challenged for Mexico’s Next President
S&P Global Ratings said Pemex will remain a fiscal challenge for the country’s next president, adding that continued cautious macroeconomic management was key in its ratings on both Mexico and Pemex.
Diamondback Prices Senior Notes to Help Cover Endeavor Deal Cost
Diamondback Energy’s notes will help cover cash consideration for the pending acquisition of Endeavor Energy as well as repaying debt owed by Endeavor.
Kinetik Holdings Enters Agreement to Pay Debt
Kinetik Holdings entered an agreement with PNC Bank to pay down outstanding debt.
Enlight Renewable Energy Wins Funding for Serbian Wind Project
Enlight Renewable Energy said it received a $101 million loan for its second windfarm project in Serbia, which will help the country reduce its dependency on coal-fired power generation.
Par Pacific Asset-based Revolving Credit Bumped Up by 55%
The amendment increases Par Pacific Holdings’ existing asset-based revolving credit facility to $1.4 billion from $900 million.
Government, Private Sector Learning to ‘Dance’ Towards Transition
Panel: Federal loans will continue to play a major role in advancing newer energy technologies.
Kissler: OPEC+ Likely to Buoy Crude Prices—At Least Somewhat
By keeping its voluntary production cuts, OPEC+ is sending a clear signal that oil prices need to be sustainable for both producers and consumers.
ProPetro Reports Material Weakness in Financial Reporting Controls
ProPetro identified a material weakness in internal controls over financial reporting, the oilfield services firm said in a filing.
EQT Deal to ‘Vertically Integrate’ Equitrans Faces Steep Challenges
EQT Corp. plans to acquire Equitrans Midstream with $5.5 billion equity, but will assume debt of $7.6 billion or more in the process, while likely facing intense regulatory scrutiny.
Tellurian, Institution Investor Agree to New Loan Repayment Terms
Tellurian reached an agreement with an unnamed institutional investor to pledge its interest in the Driftwood project as collateral.