New Fortress Energy is likely to file for an IPO again on Jan. 24, changing its language and picking a target price for shares, the Wall Street Journal reported citing people familiar with the matter.
Credit ratings for several businesses that supply power to PG&E were cut sharply last week, potentially raising the cost of capital for the industry,
OPEC expects demand for the cartel’s crude in 2019 at almost 1 million barrels a day (MMbbl/d) less than last year as supply is expected to outweigh demand.
Heavy losses in 2018 reinforce view that energy investments are unsafe.
Hedge fund Firefly Value Partners criticized how Gulfport Energy has allocated capital and complained that current board members may not be committed to pushing for improvements.
Concurrent with its formation, the JV, SemCAMS Midstream, also agreed to acquire the Montney operating portfolio of Meritage Midstream ULC.
New Fortress Energy is looking to capitalize on a growing supply-demand gap by developing LNG assets particularly in areas with significant “stranded” natural gas reserves.
Citigroup has hired Greg Saksida from TD Securities to head energy investment banking in Canada, according to an internal memo seen by Reuters.
The head of a major placement agent discusses why large private equity firms will dominate the fundraising market, the global phenomenon of underreported statistics, and the rise of technology buyout funds.
Targa had initially planned to offer a $750 million bond but later doubled its debt offering due to strong investor demand, according to a Financial Times report.