Oil producer cartel OPEC and its partners will need to keep production lower than their agreed target through 2019 for benchmark Brent crude to come back to $70 a barrel (bbl), oil and gas consultancy Rystad Energy said.
Petrie Partners’ Jacob Nagy, an energy investment banker who has packed a lifetime’s worth of accomplishments into his 11-year career, is today’s Forty Under 40 honoree.
The Equitrans Midstream simplification transactions, which follow a recent wave of MLP consolidation, are expected to address the company’s IDR overhang, says CEO.
Today’s Forty Under 40 honoree is Zach Kayem, vice president at EnCap Flatrock Midstream who supports the sourcing and management of the venture capital firm’s portfolio.
Today’s Forty Under 40 honoree is Jason Craig, managing director at Denham Capital who said his goal is to help bring the private-equity provider into what he calls the “post- resource-grab era.”
Cibolo said its inaugural fund will target upstream and midstream companies seeking credit alternatives to finance growth via acquisition or accelerated development capital.
Khalid Al Falih, the Saudi energy minister, dismisses reports that Aramco’s IPO listing has been axed but says timing is flexible.
Diamondback’s decision to take its Rattler midstream subsidiary public is the latest move by an E&P to address takeaway capacity concerns in the Permian Basin.
The fundraising by Tailwater Capital underscores how private equity firms are looking to invest in pipeline assets amid undercapacity that has stranded crude oil in areas like the Permian Basin.