Solar Firm Sunnova Says Trump Administration Cancels $2.92B Loan
Sunnova Energy’s loan cancelation comes as the Trump administration, pushing to maximize oil and gas production, is reviewing government financing for alternative energy.
Doral Renewables Secures $1.5B in Financing for Mammoth Solar Projects
The Mammoth South, Mammoth Central I and Mammoth Central II projects are scheduled to begin commercial operations in fourth-quarter 2026, Doral Renewables says.
White Oak Affiliate Funds $125MM Credit Facility for Energy Services Company
The $125 million fund is the latest in White Oak Commercial Finance’s deployment of flexible asset-based lending solutions within the energy and manufacturing sectors.
Phillips 66 Sells Majority Interest in European Fuel Retailer
Stonepeak and Energy Equation Partners acquired a 65% interest in JET Tankstellen Deutschland from Phillips 66 in a transaction valuing the business at US$2.8 billion.
TXO Prices Public Offering at $175MM to Fund White Rock Deal
Proceeds from the offering will be used toward funding TXO Partner’s acquisition of White Rock’s Elm Coulee Field assets for $350 million, announced May 13.
Pembina Keeps Option Open to Repurchase Shares to Boost Market Price
Pembina Pipeline has renewed its normal course issuer bid to have the option to repurchase up to 5% of its common shares.
Kayne Anderson Closes on Its Largest Energy Fund with $2.25B Raised
Kayne Anderson’s $2.25 billion Kayne Private Energy Income Fund III LP exceeded its original $1.5 billion target.
Trauber: Shell-BP Merger Would Make “A Lot of Sense”
BP’s U.S. shale operations include the Permian, Eagle Ford and Haynesville. The next wave of oil and gas consolidation may include mergers between the majors, veteran M&A insider Stephen Trauber of Moelis tells Hart Energy.
What's Affecting Oil Prices This Week? (May 12, 2025)
U.S. officials said on May 11 that a deal had been made to reduce the U.S. trade deficit with China. While all the details may not be established, oil prices will get another boost from this “deal”.
US House Budget Bill Seeks More Than $1.5B for Strategic Petroleum Reserve
The proposal from the House Committee on Energy and Commerce contains $1.32 billion to purchase oil to help replenish the Strategic Petroleum Reserve and $218 million for maintenance of the facility.