Finance
Energy Transition , Finance
Government, Private Sector Learning to ‘Dance’ Towards Transition
Panel: Federal loans will continue to play a major role in advancing newer energy technologies.
Finance , Investment , Crude Oil
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.
Finance , Completions , Pressure Pumping
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.
Acquisitions & Divestitures , Pipelines , Finance , Natural Gas
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.
Finance , Investment , Liquefied Natural Gas (LNG)
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.
Finance , International , CCS/CCUS
Green Swan Seeks US Financing for Global Decarbonization Projects
Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.
Finance
Prairie Acquiror Announces Offering of $400MM Senior Notes
Prairie Acquiror intends to use the notes offering to refinance outstanding debt under its existing term loan credit facility.
Acquisitions & Divestitures , Finance , Crude Oil , Natural Gas
Occidental to Divest Some Permian Assets after Closing CrownRock Deal
Occidental CEO Vicki Hollub said plans to divest non-core Permian assets would come after closing the pending acquisition of CrownRock — but reports have since emerged that the company is considering selling its share of Western Midstream Partners, valued at about $20 billion, according to Reuters.
Finance
Tethys Oil to Recognize Up to $47MM Impairment Charge for Q4 2023
Tethys also expects to recognize Q4 2023 exploration costs of $6.3 million relating to four exploration wells in blocks 3 and 4 of their interest in the Sultanate of Oman.
Mergers , Solar , Infrastructure , Finance
Defying Expectations, Solar Lures $34.3B in Corporate Funding in 2023
Corporate funding for the solar sector hit a decade high last year, but M&A activity saw a year-on-year decline, according to the Mercom Capital Group.