Tag: Capital
Corporate solar sector funding hits $4.6 billion in first half of 2017
Solar public market funding in first half of 2017 increased to $934M versus $276M in 2016 Mercom Capital Group, llc, a global clean energy communications and consulting firm, released its report on funding and merger and acquisition activity for the solar sector in the first half and second quarter of 2017, according to a press release. Total […]
Pembina Pipeline puts $2.8 billion of Alberta assets into service
Redwater complex has fractionation capacity of 210,000 bpd, largest in Canada Pembina Pipeline Corporation announced it has placed $2.8 billion of integrated capital projects into service, including its Phase III pipeline expansion and two connected major delivery points, according to a press release. “At the outset of these projects, we committed to constructing large-scale, multiyear-build assets on […]
Seven Generation Energy achieves record production in 2016
Planned capital spending between $1.5 and $1.6 billion Seven Generations Energy Ltd.’s first quarter production averaged 153,100 boe/d, up 73 per cent and setting a quarterly record, according to a press release. With record quarterly production and stronger commodity prices, funds from operations set a record at $272.3 million or 75 cents per share, an increase […]
US oil/gas industry raised $186 billion through public offerings in 2016
2017 pace picking up on rebounding commodity prices, surge in M&A activity Depressed oil prices took the wind out of US oil and gas capital markets in 2016, according to a new report from PLS Inc., a Houston-based oil and gas research firm. Report highlights: 2016 aggregate value of $186 billion across 346 bond and equity […]
Top 3 trends impacting global renewable energy investment market – Technavio
In developing countries, long-term, low-cost debt have the capacity to reduce cost of low-carbon power by 30% LONDON – Technavio’s latest report on the global renewable energy investment market provides an analysis on the most important trends expected to impact the market outlook from 2016-2020, according to a press release. Technavio defines an emerging trend as a […]
2006 to 2015 investors spent nearly $245 billion in upstream energy – IHS
45% of upstream opportunities are located in US, unconventional assets such as tight gas, shale gas, tight oil and shale oil HOUSTON – Lured by significant upside potential, vast numbers of attractive opportunities for investment, and ample cash and funding, financial investors spent nearly $245 billion on upstream energy transactions during the past decade, with their annual […]
Phillips 66 spends more, increases dividend in Q1 amid downturn
Phillips 66 Partners adjusted total costs were $47.8 million in Q1 of 2016, an increase of $9.6 million from Q4 2015 HOUSTON, Texas – Phillips 66 Partners LP announces first-quarter 2016 earnings of $52.3 million, or $0.44 per common unit. Distributable cash flow was $64.1 million and adjusted earnings before interest, income taxes, depreciation and amortization […]
Solar energy companies having tough time raising capital – report
Project acquisition activity held steady in Q1 with 50 transactions (about 2.4 GW of solar projects) Corporate funding of the global solar energy sector fell significantly in the first quarter, according to a new report from Mercom Capital Group LLC, dropping to $2.8 billion from $6.9B in Q4. “It’s a tough environment out there,” said Raj Prabhu, CEO […]
Argentina’s Vaca Muerta shale play has big expectations, high interest
Compared to US shale plays, Eagle Ford geology in south Texas comes closest to Vaca Muerta Despite volatile oil prices that have drastically reduced oil and gas drilling activity worldwide, operators that have weathered the oil price decline are positioning themselves to tap the potential of the next “big unconventional play.” American Energy News reported that […]
Deferred upstream project tally reaches 68 ($380 billion of investment)
Canada, Angola, Kazakhstan, Nigeria, Norway and US have largest inventory of delayed oil projects A new study says that in the last six months of 2015, 22 major projects and seven billion barrels of oil equivalent of commercial reserves have been deferred. Wood Mackenzie says the deferrals are on top of46 developments and 20 billion boe of […]
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