Cenovus Energy Announces 2024 Investment Budget
Cenovus’ West White Rose project and Christina Lake projects are expected to be major revenue generators in 2024.
Consolidation Seen as Only Major Change on E&P Finance Radar for 2024
Industry experts expect E&Ps to stick with tried and true capital discipline with lighter hedging and more credit financing.
With CrownRock Deal, Occidental Wades Back into Deeper Debt
The $10 billion in debt Occidental Petroleum will take on for its CrownRock acquisition raises eyebrows, but experts say Occidental paid off similar debts in recent years and in the late 1990s.
Pembina’s Increased EBITDA Guidance Sets Record High Expectations
Pembina Pipeline Corp. allocates CA$880 million (US$646.5 million) for capex in 2024.
Finance Evolution: Of Price and Oilmen
Financing the energy industry continues to evolve with market growth and transformation, resource development and innovation.
SMID Balance Sheets Built to Lure Consolidation, Lenders
Small and mid-caps’ strong balance sheets look attractive to credit investors and can provide equity that sweetens M&A.
Clean Energy Developer EnergyRe Raises $1.2B to Expand Portfolio
Glentra Capital, Novo Holdings and Denmark-based pension fund PKA are among the investors committing capital, according to a news release.
Energy Dome Announces Funding for CO2-based Energy Storage System
Operations of Energy Dome’s thermos-mechanical energy storage facility is expected to begin in third quarter 2024.
Enfinity Global Closed $127MM for Four Solar Plants in Italy
Enfinity’s power plants will produce 172 GWh of clean electricity per year, enough to power 64,000 Italian homes and offset 69,000 tons of CO2 emissions.
Carbon Capture Credits as Commodity: The Market Takes Shape
In the “Wild West” of the carbon credit market, third-party validation and a minting process will help the nascent market, Houston-based Capturiant says.