Fund Management

Source: Reuters

JPMorgan Chase, BlackRock drop out of massive UN climate alliance in stunning move

Fox Business


JPMorgan Chase and institutional investors BlackRock and State Street Global Advisors announced Thursday that they are quitting or, in the case of BlackRock, substantially scaling back involvement in a massive United Nations climate alliance formed to combat global …

Source: Reuters

BlackRock to double down on ESG despite new DoL proposal

Financial Planning


Though a new Labor Department proposal could hinder the use of ESG factors in retirement plans, the world’s largest money manager isn’t stepping back from sustainable investing.

In fact, BlackRock is upping its commitment.

By the end of …

September 18, 2020 - 5:34 am Borrowing Base, ESG, Finance, Fund Management
Energy buyout firm Riverstone preparing cleantech SPAC IPO: sources

Energy buyout firm Riverstone preparing cleantech SPAC IPO: sources

Reuters


NEW YORK/BOSTON (Reuters) – Riverstone Holdings LLC, one of the oil and gas sector’s largest private equity investors, is planning a blank-check acquisition company that will buy a business in the clean energy industry, people familiar with the matter …

U.S. regulators split with EU/U.K. over ESG investing – The energy sector is at the forefront of ESG

U.S. regulators split with EU/U.K. over ESG investing – The energy sector is at the forefront of ESG

Pensions & Investments


Oil & Gas 360 Publishers Note: Nice article written by Hazel Bradford covering ESG investing and the U.S. and EU/U.K. differences and similarities. What is not covered is some specifics about the energy sector. Large power, oil,

Source: Reuters

Stakeholder capitalism set to become ‘more and more important,’ says BlackRock’s Fink

CNBC


In the aftermath of the coronavirus pandemic, stakeholder capitalism — or the idea that companies have a greater purpose besides just providing returns for shareholders — is set to become even more important, BlackRock CEO Larry Fink said Friday.…

David Sambur, left, and Matt Nord have overseen several recent Apollo deals. PHOTO: APOLLO

Leadership changes at Apollo Global Management

Matt Nord and David Sambur Promoted to Co-Lead Partners of Private Equity

Olivia Wassenaar and Geoff Strong Promoted to Co-Leads of Natural Resources

Dylan Foo Joins Apollo as Co-Lead of Infrastructure


Apollo Global Management, Inc. (NYSE: APO) (together with its …

September 26, 2019 - 12:45 pm Closing Bell Story‎, Fund Management, People
CrowdStrike Rockets on Nasdaq Debut: Value Jumps to Over $11 billion

CrowdStrike Rockets on Nasdaq Debut: Value Jumps to Over $11 billion

From CNBC

CrowdStrike opened its first day of trading on the Nasdaq with a share price of $63.50, surging from its IPO price of $34.

The company provides cloud-based security software to companies like Amazon Web Services and Credit Suisse.…

June 12, 2019 - 8:11 am Closing Bell Story‎, Energy News, Fund Management
Bitcoin as Seen through the eyes of Five Different Buyer Groups

Bitcoin as Seen through the eyes of Five Different Buyer Groups

Commentators are often dismissive of Bitcoin buyers but understanding these investors can provide insights into the coin’s spectacular price moves

From Asia Times

The recent fluctuations in Bitcoin’s value are just the latest in a series of spectacular peaks and …

August 31, 2018 - 1:00 pm Closing Bell Story‎, Fund Management
Netherland Sewell Taking Upstream Expertise to London June 26-27, Singapore July 10-11 and Mexico City Sept. 5-6

Netherland Sewell Taking Upstream Expertise to London June 26-27, Singapore July 10-11 and Mexico City Sept. 5-6

Strong interest in upstream sector 

Netherland Sewell & Associates (NSAI) is taking its popular Oil & Gas Property Evaluation Seminars on the road again this summer. The NSAI professionals will speak to the London financial and investment community on June …

Oil Company Shareholders Make Methane a Priority at 2018 Annual Meetings

Oil Company Shareholders Make Methane a Priority at 2018 Annual Meetings

From Breaking Energy

Last week at Chevron’s annual general meeting, a shareholder resolution calling on the company to improve its methane management and disclosure received a 45% vote. This strong vote follows a majority vote at Range Resources, where 50.3% …

Warburg Pincus Invests $138 Million in Canadian E&P

Warburg Pincus Invests $138 Million in Canadian E&P

Calgary-based E&P Artis Exploration Ltd. closed a CDN$180 million (USD$138 million) growth equity investment from Warburg Pincus.

Founded in 2015, Artis is focused on the Duvernay East Shale Basin of Western Canada, where the company holds a contiguous acreage position …

EOG Resources, Mountrail County, North Dakota.

PermRock Royalty Trust Prepares IPO

PermRock Royalty Trust will soon launch its initial public offering of 6,250,000 trust units, representing approximately 51.4% beneficial interest in the trust. The initial offering price is expected to be between $19.00 and $21.00 per unit. Boaz Energy II, LLC …

Jagged Peak Energy: Private Offering of $400 Million Senior Unsecured Notes

Jagged Peak Energy: Private Offering of $400 Million Senior Unsecured Notes

Jagged Peak Energy LLC Announces Private Offering of $400 Million Senior Unsecured Notes due 2026

Photo by Mike Goldwater"

Add Salt Creek Midstream to the Delaware Basin

Ares Management, L.P. (ticker ARES) and ARM Energy Holdings, LLC have partnered up to develop Salt Creek Midstream, LLC in the Delaware Basin.

The company is owned by funds managed by the Ares Private Equity Group and ARM Energy. ARM …

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

Debt involved in oil and gas company bankruptcies since 2015 totals $90 billion

International corporate law firm Haynes and Boone has tracked 144 North American oil and gas producers that have filed for bankruptcy since the beginning of 2015.

E&P Bankruptcy Filings Down 67% in 2017: Haynes and Boone

These …

EIG’s FS Energy and Power Fund – at $4.3 Billion – is Largest Energy BDC

EIG’s FS Energy and Power Fund – at $4.3 Billion – is Largest Energy BDC

FS Investments (FS) and EIG Global Energy Partners (EIG) closed a transaction today, allowing EIG to manage FS Energy and Power Fund (FSEP). According to the company’s press release, FSEP will be the largest energy-focused business development company (BDC) in …

HighPoint Resources Adds Horsepower to its Board

HighPoint Resources Adds Horsepower to its Board

Days after closing a merger with Fifth Creek Energy and retiring the name Bill Barrett Corp. to form a new company, HighPoint Resources Corporation (ticker: HPR), the Denver-based oil and gas company has appointed five new outside members to its …

Stocks Plunge on Worries about Proposed Steel, Aluminum Tariffs

Stocks Plunge on Worries about Proposed Steel, Aluminum Tariffs

By ASSOCIATED PRESS

U.S. stocks plunged in another dizzying day of trading Thursday as investors dissected Federal Reserve Chairman Jerome Powell’s latest testimony before Congress and the possibility of stiff tariffs on steel and aluminum imports. The Dow Jones industrial …

March 1, 2018 - 4:16 pm Closing Bell Story‎, Fund Management
Earthstone Energy Completes Bakken Assets Sale

Earthstone Energy Completes Bakken Assets Sale

Early today Earthstone Energy, Inc. (Ticker: ESTE) completed the sale of its Bakken assets. According to the company’s press release, the assets were sold to an unaffiliated party for about $27 million in cash. The effective date of the …

EnerCom Conference Update: Private Equity Panel to Give Perspective on Funding Energy Companies

EnerCom Conference Update: Private Equity Panel to Give Perspective on Funding Energy Companies

Kayne Anderson Capital Advisors, Tailwater Capital, and OFS Energy Fund will provide a private equity energy perspective at EnerCom’s The Oil & Gas Conference® 22

Kayne Anderson, Tailwater, and OFS are panelists at the upcoming EnerCom conference in Denver, Colorado—The …