New energy minister, Aramco IPO, lower fuel subsidies are signs along a road less traveled for Saudi Arabia.
Patterned after the U.S. MLP model, the new financial structure vehicle is expanded beyond oil and gas to supporting infrastructure as well.
James P. Benson, founding partner of Energy Spectrum Capital sat down with Midstream Business to discuss financing in the midstream space during an important time of transition.
Stunned by a judge’s advisory ruling in early March that could put many contracts with upstream partners up for renegotiation, midstream operators warily await a more definitive ruling in the Sabine Oil & Gas bankruptcy case as the realization sets in that a key advantage in putting deals together could be lost.
When sale closes, Chinook will have 24.5 sections and 35 sections of Montney lands at Gold Creek and Knopcik, respectively, and will retain ownership of two horizontal Montney Gold Creek wells.
ETE said it has filed a counterclaim to Williams' lawsuit. The lawsuits are the latest twist in what has been a testy transaction almost from the get-go, Reuters reported.
John C. Rice and George R. Ward have handled transactions including M&A, restructurings, bankruptcies, and public and private capital raisings for clients ranging from upstream to cleantech.
Suit filed by Williams to push ETE to complete acquisition might not succeed, and might not be in Williams’ best interest if it does.
The notes will be secured by a first priority security interest in substantially all of the assets of CCH and its subsidiaries, and by a pledge of all of the equity interests in CCH.
Underwriters received a month-long option to purchase 562,500 additional units. The offering is scheduled to close on May 20. Barclays is the sole book-running manager.
Hedge funds such as David Tepper's Appaloosa Management and Daniel Loeb's Third Point showed bullish moves toward the sector, while Warren Buffett's Berkshire Hathaway also appeared sanguine on the sector.
Core profit or clean EBITDA, stripping out inventory-holding losses, came in at 169 million euros (US$193.03 million), down from 205 million in the same period last year, Reuters reported.