Westbourne Capital will exclusively provide an up to $1.025 billion mezzanine loan in support of Freeport LNG’s proposed fourth natural gas liquefaction train expansion efforts.
Predicting well economics can be a matter of opinion when it comes to the method of estimating production. This engineer believes greater transparency would benefit users of type curves.
Climate group 350.org cites the Paris accord as a major driver in discouraging investment.
Milan-based gas pipeline operator is working with JPMorgan to move into the US market.
United Arab Emirates minister of state and ADNOC Group CEO Sultan Ahmed Al Jaber also said that the state oil company was on track to raise its oil production capacity to 4 million barrels per day (MMbbl/d) by 2020 and 5 MMbbl/d by 2030.
Combined with a shaky outlook for the world economy and trade tensions, the campaign to push institutional investors to withdraw from fossil fuel stocks has contributed to driving down share prices.
The Papua LNG gas agreement is one of two agreements needed for Total and its partners, Exxon Mobil and Oil Search, to go ahead with the LNG expansion plan.
Institutional investors think equity markets have peaked, hedge fund returns haven’t met expectations and other alternatives such as real estate are overvalued—but they continue to want natural resources in their investment portfolios.