Post Tagged with: "funding"

Iran’s Short-Lived Oil and Gas Boom

Iran’s Short-Lived Oil and Gas Boom

Iran’s energy sector will feel the repercussions of renewed sanctions

Iran has the world’s fourth-largest proved crude oil reserves and the world’s second-largest natural gas reserves, but production in the country has been suppressed by international sanctions and underinvestment.

Iran’s Short-Lived Oil and Gas Boom

Although …

Double Eagle III - Areas of Interest

Double Eagle III’s Wingspan Covers $1 Billion

Double Eagle Energy Holdings III announced that inclusive of a recent capital raise, the company has secured equity commitments of more than $1 billion. The equity commitments are anchored through funds managed by affiliates of Apollo Global Management, LLC (ticker: …

Warburg Pincus Earmarks $300 Million for New Permian E&P

Warburg Pincus Earmarks $300 Million for New Permian E&P

Ridge Runner Resources, LLC is a new E&P focused on the Delaware Basin

The new company has received a line of equity financing of up to $300 million from funds affiliated with Warburg Pincus. The company will be led by …

Source: http://www1.nyc.gov/office-of-the-mayor

New York City Plans to Sell $5 Billion of Fossil Fuel Pension Holdings, Sues Oil Majors

Mayor Bill de Blasio, Comptroller Scott M. Stringer and other trustees of the city’s $189 billion pension funds announced today a plan to divest city funds from fossil fuel reserve owners within five years, which would make New York City …

Saudi Arabia 2018 Budget Shifts Away From Oil Revenues

Saudi Arabia 2018 Budget Shifts Away From Oil Revenues

Saudi Arabia plans to spend $261 billion in 2018. The budget will set a record for Saudi Arabia, as it looks to reform the country’s economy and reduce reliance on oil revenues. Forbes reported that Saudi Arabia plans to cut …

Tailwater Capital’s $218 Million E&P Opportunity Fund II Targets Non-Op E&Ps

Tailwater Capital’s $218 Million E&P Opportunity Fund II Targets Non-Op E&Ps

Tailwater Capital LLC announced the closing of its fourth energy focused private equity fund, Tailwater E&P Opportunity Fund II LP (“Fund II”) with total commitments of $218 million. The fund will focus on investment opportunities in E&P companies participating in …

March 2, 2016 - 5:25 pm Closing Bell Story‎, Finance