Financing – Oil & Gas 360

TotalEnergies CEO says he’d be surprised if all approved US LNG projects will be built

September 29, 2025

(BOE Report) – TotalEnergies CEO Patrick Pouyanne said on Monday he would be surprised if all U.S. LNG projects that have received regulatory approval will be built, citing the difficulty of finding willing long-term buyers and financing. Pouyanne has previously warned that the United States is building too many liquefied natural gas plants, warning it could lead to a long-lasting glut

Trump calls on World Bank to reconsider oil and gas financing

September 22, 2025

(Oil Price) – The Trump Administration is pushing the World Bank to boost funding for oil and gas in what would be a U-turn in the lender’s policy not to finance new fossil fuel projects. Back in 2017, the World Bank Group said it would no longer finance upstream oil and gas after 2019. But the group noted that “In exceptional circumstances, consideration

Equinor secures $3-billion financing for U.S. offshore wind project

January 2, 2025

( Oil Price) – Equinor has secured a project financing package of over $3 billion for its U.S. offshore wind project Empire Wind 1, Norway’s energy major said on Thursday. Empire Wind 1 is planned to power 500,000 New York homes and is expected to reach its commercial operation date in 2027. With a contracted capacity of 810 megawatts (MW), Empire Wind 1

Net-zero divide in oil and gas financing deepens

March 31, 2023

Oil Price Last year, several U.S. banks threatened to leave the Glasgow Financial Alliance for Net Zero – a group led by former Bank of England governor Mark Carney, aimed at facilitating the energy transition. The reason those banks threatened to leave was that commitments related to the transition process were becoming increasingly aggressive, and they worried that those commitments might end

The European Central Bank won’t provide financing for energy firms

September 9, 2022

Oil Price The European Central Bank will not give short-term financing to European energy firms struggling through the energy crisis, sky-high prices, and margin calls on the derivatives markets, ECB President Christine Lagarde said on Friday. “As far as the ECB is concerned, and the national central banks of the Eurosystem, of course we stand ready to provide

Cameron LNG Commences Commercial Operations

August 20, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Train 1 of Sempra’s Cameron LNG project commences commercial operations Sempra LNG, a subsidiary of San Diego-based Sempra Energy (stock ticker: SRE), has begun commercial operations under tolling agreements at Train 1 of its Cameron LNG liquefaction-export project in Hackberry, Louisiana. Previously, Sempra’s Cameron LNG facility had shipped its first commissioning

Lilis Energy Closes Delaware Basin Purchase for $65.3 Million, Acquires 2,798 Net Acres

March 19, 2018

Lilis Energy, Inc. (ticker: LLEX) has closed a deal to acquire approximately 2,798 net acres in the southeastern New Mexico area of the Delaware Basin. The deal was part cash ($40 million) and part stock (~6.9 million shares, or ~$25.3 million), for an approximate total of $65.3 million. “This strategic transaction enhances our overall position in the Northern Delaware Basin,

Silver Run II Adds $1.042 Billion to Complete Merger

February 5, 2018

Silver Run Acquisition Corporation II will have approximately $1.042 billion in its trust account to complete the business combination of Silver Run II, Alta Mesa Holdings, LP and Kingfisher Midstream, LLC. The new company will be called Alta Mesa Resources, Inc. No redemption back-stop was required. Silver Run II CEO James T. Hackett said, “We are very pleased by the

PetroShale Updates Middle Bakken/Three Forks Activity

January 3, 2018

PetroShale Inc. (ticker: PSH) has commenced drilling two (1.7 net) wells on its operated Primus unit in Antelope during the third quarter of 2017. PetroShale operates primarily in the Bakken/Three Forks play in North Dakota. As of September 2017, the company has 57-78 future net drilling locations (depending on the spacing) and approximately 4,946 net acres. The company also commenced

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