By NGV Global In California,Clean Energy Fuels Corp. has entered into an agreement with Harbor Trucking Association (HTA) to be the exclusive provider of clean transportation fuels to the association member companies. Both HTA and Clean Energy have been leaders in responsible environmental stewardship that won't create an overarching burden on the companies or drivers...
HOUSTON (Reuters) - U.S. oil production has topped 10 million barrels per day, approaching a record set in 1970, but many investors in the companies driving the shale oil revolution are still waiting for their payday.
Pelican Energy Partners Announces Oversubscribed $233 Million Private Equity Fund For Oilfield Services HOUSTON, February 22, 2018-- Pelican Energy Partners is pleased to announce the completion of fundraising for Pelican Energy Partners III LP ("Pelican III"), which was substantially oversubscribed, and accepted $233 million of capital commitments within three months of commencing fundraising. The first and final closing took place on February 15, 2018, with commitments from top-tier investors, including endowments, foundations, family offices and public pensions. Pelican III continues the momentum of its predecessor fund, Pelican Energy Partners II LP, which closed with $210 million of commitments in July 2016.
The SPR is ripe for legal plunder. : Congress has passed five pieces of legislation committing the Energy Department to sell off a substantial amount of strategic oil reserves over the next decade to finance more government spending. If all the legislated sales are held, the Strategic Petroleum Reserve (SPR) could shrink 40 percent by 2027's end (from 695 million to 410 million barrels), according to the U.S. Energy Information Administration (EIA). Three bills passed in 2015 and 2016 entail energy officials to sell off 149 million barrels through 2025.
The assets sales will help ERG pay off some of its debt. As of July 2016, it owed $5.8 billion to its main creditors, VTB and Sberbank. The post Kazakh mining company ERG seeks to spin off, list assets appeared first on DealStreetAsia.
By _Offshore_Energy_Today_ OPEC and Non-OPEC countries participating in voluntary production cuts have started off 2018 with record-breaking conformity levels. ... Read Full Article Here For more great articles: Offshore Energy Today.
This is the third article in our series, focusing on mergers and acquisitions in the energy and commodities sector. The first article covered key issues relevant to acquiring business assets, and trading portfolios, across the energy and commodities...By: Reed Smith.
Sydney needs to embrace growth and plan for it accordingly. : Sydney must decide how much density it can handle, as it plans for 2.4 million extra residents over the next three decades, amid mounting community backlash towards perceived overdevelopment. Infrastructure Australia, the nation's independent infrastructure body, on Friday released landmark report proposing three alternative visions of Sydney in 2046, when the population is projected to hit 7.4 million.