Finance - News

Debt & Equity

Fitch Downgrades Mexico's Pemex Rating; Peso Falls

Rating agency Fitch downgraded the credit rating of Mexican state oil company Pemex on Jan. 29, sending the peso currency falling in early trading in Asian markets.

Reuters

Finance

Clear Creek Midstream Closes $300 Million Equity Commitment From EnCap Flatrock Midstream

Company is focusing on organic, greenfield projects.

Acquisitions & Divestitures

King & Spalding Adds Alan Noskow As Corporate Partner In D.C.

King & Spalding on Jan. 29 announced that Alan Noskow has joined as a partner in the firm’s Corporate, Finance and Investments practice group in the Washington, D.C. office.

Acquisitions & Divestitures

University Lands Selects H20 Midstream, Layne JV For Delaware Basin Water Services

The JV was formed by H2O Midstream and Layne Water Midstream to develop and operate water infrastructure on the University Lands acreage across the Southern Delaware Basin.

Debt & Equity

New Fortress Energy To Likely Attempt IPO Shutdown Workaround

New Fortress Energy is likely to file for an IPO again on Jan. 24, changing its language and picking a target price for shares, the Wall Street Journal reported citing people familiar with the matter.

Reuters

Acquisitions & Divestitures

Saudi Aramco Eyes Multibillion-Dollar US Gas Acquisitions

Saudi Aramco CEO Amin Nasser says his company is looking to acquire natural gas assets in the U.S. and is willing to spend "billions of dollars" there as it aims to become a global gas player.

Reuters

Crude Oil

Bad Bets On Oil, Gas Spark Wave Of Energy-Fund Closures

Heavy losses in 2018 reinforce view that energy investments are unsafe.

Reuters

Acquisitions & Divestitures

Pipeline Operator Kinder Morgan Canada's Profit Surges

Kinder Morgan, which holds about 70% majority voting interest in Kinder Morgan Canada, has hired investment bank TD Securities to facilitate a potential sale of its Canadian business.

Reuters

Acquisitions & Divestitures

Leading Energy Transactions Partner Jerry Farano Joins Gibson Dunn’s Denver Office

Gibson Dunn said Jerry Farano, formerly Jones Day, has joined as a partner to continue his energy transactions practice in the law firm’s Denver office.

Debt & Equity

Citigroup Reportedly Names Greg Saksida New Head Of Canada Energy Banking

Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.

Reuters

Debt & Equity

Energy Transfer Operating Announces Pricing of $4 Billion Of Senior Notes

Entity was known as Energy Transfer Partners LP.

Finance

EnCap Flatrock Midstream Promotes Pitts To Managing Partner

Pitts joined firm as managing director in 2014.

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