Congratulations to Paratus Energy on its successful placement of $500 million new five-year senior secured bonds. Ducera Partners acted as financial advisor to Paratus Energy. https://lnkd.in/efRASehq
Ducera Partners LLC’s Post
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In an interview with The Scotsman, John Heiton, CEO of the OEG Energy Group, shared that 2023 had been a “transformational year” for the company in terms of growth after five renewables-focused acquisitions. Read the full article: https://ow.ly/pv6i50QyQQu #renewables #offshorewind #fy23results
The Scotsman reports on OEG's ‘transformational year’ | OEG Renewables
oegrenewables.com
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Challenger Energy Group Plc (AIM:CEG, OTC:BSHPF) CEO Eytan Uliel takes Proactive's Stephen Gunnion through the company's 2023 annual results, highlighting significant progress in various projects. Uliel mentioned the market-leading farm-out deal with Chevron for the AREA OFF-1 block in Uruguay, as well as the acquisition of a second block with immense potential. The company has also made strides in Trinidad, completing asset sales and achieving a cash flow breakeven status. Uliel emphasised the strategic cost reductions and efficient cash utilisation, positioning Challenger Energy for a promising 2024 and 2025. Regarding AREA OFF-1, Uliel discussed the upcoming 3D seismic acquisition planned by Chevron, expected to generate valuable data by mid-next year. For the second block, the company has begun reprocessing and reinterpreting legacy seismic data, aiming to initiate a formal farm-in process by early 2025. Watch at #Proactive #ProactiveInvestors http://ow.ly/WMt2105yS3Z
Challenger Energy CEO on 2023 progress and future plans
proactiveinvestors.co.uk
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A big week for Equinor in the US! Securing more volumes from the Vito field in the Gulf of Mexico, and picking up an offshore wind lease (our third in the States!) off the East Coast. Delivering on energy demands today while investing in the future American energy system.
Senior Vice President for U.S and Argentina U.S. Country Manager Equinor International E&P -Chairman Marine Well Containment Company -Board Member - API, NOIA, and Spindletop Charities -Member National Petroleum Council
We’re doubling down on America’s offshore energy potential! Earlier this week, Equinor and our partner Shell announced our decision to invest in further development of the Vito field in the #GulfofMexico. Investing in the longevity of one of our newest assets in the GoM will allow us to deliver more volumes to meet today’s critical #energy needs from the most #carbon-efficient deepwater basin in the world. It will also create the value that drives our ambition to help shape the future American energy system. On that note, Vito wasn’t the only good news we had to share! On the very same day, Equinor was announced as the provisional winner of a new #offshorewind lease along the Central Atlantic coast, demonstrating our long-term commitment to building a new energy #industry in the US. See the announcement from Molly Morris here: https://lnkd.in/gEJmQPBT There is incredible potential in the US energy industry, across all resources and technologies. With these announcements, along with Equinor’s recent investments in #carboncapture and #lithium, we continue to move forward in our search for better American energy solutions.
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📢 Global Offshore News 🗺 Equinor's Bold Moves: Energy Security, Renewables, and Strong Financials! Strategic Highlights: 🔲 Gas Infrastructure Development: Investment decision for Troll West gas province to secure long-term energy for Europe. 🔲Johan Castberg FPSO: Set for Barents Sea sail away after inshore testing. New Field Production: Started production at Hanz and Kristin South fields. 🔲Portfolio Optimization: Equity harmonization with Petoro and divestment in Gina Krog. 🔲CO2 Storage: 17 million tonnes/year storage capacity awarded on NCS and in Denmark. 🔲Offshore Wind Farm: Progress on Dogger Bank A; targeting full operations in 2025 with 70% renewable power growth in 2024. Financial Results: 🔲Adjusted Operating Income: USD 7.48 billion total, strong contributions from Norway, international, and USA segments. 🔲Cash Flow: USD 9.75 billion before taxes and working capital; USD 1.90 billion after taxes for the quarter. 🔲Debt Ratio: Improved to negative 3.4% from negative 19.8% in Q1 2024. Equinor's strategic advancements and solid financial performance demonstrate their commitment to energy security, portfolio optimization, and renewable energy growth. 🌐www.offshoremx.com Don't miss our next 5th Edition of Shallow and Deepwater Mexico from March 26 to 27, 2025 in Citibanamex Center, Mexico City. #sdmx #shallowanddeepwater #epgevents #cdmx #oilandgas #energy #upstream #subsea #martitime #gulfofmexico #mexico
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MAJOR ANNOUNCEMENT PITBULL ENERGY SERVICES EXPANDS OPERATIONS WITH STRATEGIC ACQUISITIONS EDMONTON, ALBERTA – December 20 2023 – Pitbull Energy Services, a dynamic leader in the energy services sector, is thrilled to announce the successful acquisition of Viper Industrial Cleaning Services, a prominent player in the industrial cleaning sector. In addition, Pitbull Energy Services has acquired the pressure trucks and hot oiler assets of Millennium Energy Services, making a strategic move to bolster our capabilities and provide enhanced services to our valued clients. Key Benefits of the Acquisitions: 1. Geographical Expansion: The acquisition of Viper Industrial Cleaning Services, based in Bonnyville, Alberta, extends our operational reach and strengthens our presence in the region. 2. Fleet Expansion: With the addition of the pressure trucks and hot oiler assets from Millennium Energy Services, Pitbull Energy Services now boasts a fleet comprising of 5k, 10k, and 15k pressure trucks, along with 5-15 million BTU hot oilers. This significant expansion allows us to offer a more comprehensive range of services to meet the diverse needs of our clients. 3. Cross-Training Opportunities: The acquisition enables us to cross-train our operators on various equipment, ensuring a versatile and skilled workforce. This strategic move allows us to keep our operators employed year-round, allowing us to provide dependable and safe service. 4. Enhanced Service Offerings: The combined capabilities of Pitbull Energy Services, Viper Industrial Cleaning Services, and Millennium Energy Services' assets create a synergy that enhances our service offerings, positioning us as a leading service provider in the energy sector. "We are excited to welcome Viper Industrial Cleaning Services into the Pitbull Energy Services family," said Sami Hayek, President at Pitbull Energy Services. "This strategic acquisition represents a significant step forward in our growth journey, allowing us to offer even more comprehensive and specialized services to our clients. The alignment of Pitbull and Viper’s values is unparalleled, with the Rakettis continuing to manage the industrial cleaning service line. Together, we are well-positioned to provide unrivaled solutions in the energy and industrial cleaning space." For more information about Pitbull Energy Services and these strategic acquisitions, please visit https://lnkd.in/gyKsu7Dq #pitbullenergyservices #pitbullacquisitions #pitbullindustrialcleaning #pitbullpressuretrucks #pitbullgrowth #2024 #oilandgas #energyservices #industrialcleaning
Pitbull Energy Services
pitbullenergyservices.com
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Senior Vice President for U.S and Argentina U.S. Country Manager Equinor International E&P -Chairman Marine Well Containment Company -Board Member - API, NOIA, and Spindletop Charities -Member National Petroleum Council
We’re doubling down on America’s offshore energy potential! Earlier this week, Equinor and our partner Shell announced our decision to invest in further development of the Vito field in the #GulfofMexico. Investing in the longevity of one of our newest assets in the GoM will allow us to deliver more volumes to meet today’s critical #energy needs from the most #carbon-efficient deepwater basin in the world. It will also create the value that drives our ambition to help shape the future American energy system. On that note, Vito wasn’t the only good news we had to share! On the very same day, Equinor was announced as the provisional winner of a new #offshorewind lease along the Central Atlantic coast, demonstrating our long-term commitment to building a new energy #industry in the US. See the announcement from Molly Morris here: https://lnkd.in/gEJmQPBT There is incredible potential in the US energy industry, across all resources and technologies. With these announcements, along with Equinor’s recent investments in #carboncapture and #lithium, we continue to move forward in our search for better American energy solutions.
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Sittin’ Tall in the Saddle Back in 2020, the world’s largest alternative asset manager took private a Kan.-based midstream operator in a surprise and sweetened deal valued at $6.3 billion. Since those days of yore under the wing and capital infusions of Blackstone, Tallgrass Energy has taken flight as an energy infrastructure force to be reckoned with, diversifying its traditional oil and gas pipeline, processing, and storage business to include exploring new opportunities in CCS, synthetic methane, sustainable aviation fuel technology, and gigawatt-scale green hydrogen and ammonia. Reese Energy Consulting today is following the latest news on Tallgrass, which—aside from its three crude oil pipelines to include the Pony Express, Powder River Express, and Iron Horse and its recently converted 400-mile Trailblazer to C02—operates five natural gas pipelines spanning more than 7,000 miles and flowing 10.3+ BCFD across 10 states. The big bad boy in this bunch includes one of the largest natural gas pipelines ever built in North America. That would be the 1,714-mile Rockies Express simply known as REX, which extends from Colo., to eastern Ohio, with a west-to-east design capacity of 1.8 BCFD and an east-to-west capacity of 2.6 BCFD. Tallgrass operates REX and owns a 75% interest in the pipeline commissioned in 2008. Since its completion, partners have come and gone leaving refiner Phillips 66 the final other stakeholder at 25%, now no longer. Phillips announced today it will sell its 25% share in REX to Tallgrass in a $1.28 billion deal that looks like a win-win for both. Phillips chisels off a big chunk of its $3 billion asset divestment strategy, and Tallgrass gains total ownership of its natural gas mothership. What do you think? Learn more about REC and our natural gas and midstream consulting services at https://lnkd.in/ewhkGFa.
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🔔 Big news: The GOM CCS landscape is changing with the entry of Total. S.A. 👉 Talos Energy Inc. is divesting Talos Low Carbon Solutions LLC in a sale to TotalEnergies E&P USA, Inc. 👉 The transaction value is $148 million. 🗺 We currently map and track multiple projects of Talos with White Castle (Harvest Bend CCS) Bayou Bend CCS Coastal Bend CCS and Freeport LNG CCS. Total is gaining access to significant pore space along the Gulf Coast, with a stake in Bayou Bend CCS at 140'000 acres and an already submitted Class VI application in Louisiana with White Castle (Harvest Bend CCS), see here: https://lnkd.in/d86AWkjB The news announcement can be found here: https://lnkd.in/dfkSqpkP
Talos Energy Announces Divestiture of Talos Low Carbon Solutions Subsidiary to TotalEnergies
prnewswire.com
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The new space frontier: PORE SPACE! Why are Oil and Gas companies not required to report on their 'access to spore space'? CO2 storage 'reserves'? In a carbon constraint world access to pore space is a valuable asset, key enabler, and therefore essential information for both traditional and climate-concerned investors. As far as I am aware only one company is including this in their annual reports at the moment. Santos in Australia. Please let me know if you know of any others that are doing this also. https://lnkd.in/eWkyakyM Congrats to Total for this huge addition to their CO2 storage reserves!
🔔 Big news: The GOM CCS landscape is changing with the entry of Total. S.A. 👉 Talos Energy Inc. is divesting Talos Low Carbon Solutions LLC in a sale to TotalEnergies E&P USA, Inc. 👉 The transaction value is $148 million. 🗺 We currently map and track multiple projects of Talos with White Castle (Harvest Bend CCS) Bayou Bend CCS Coastal Bend CCS and Freeport LNG CCS. Total is gaining access to significant pore space along the Gulf Coast, with a stake in Bayou Bend CCS at 140'000 acres and an already submitted Class VI application in Louisiana with White Castle (Harvest Bend CCS), see here: https://lnkd.in/d86AWkjB The news announcement can be found here: https://lnkd.in/dfkSqpkP
Talos Energy Announces Divestiture of Talos Low Carbon Solutions Subsidiary to TotalEnergies
prnewswire.com
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EnCap Investments Seals a Breezy Deal: Triple Oak Power Goes to ECP for Up to $750mn EnCap Energy Transition has successfully sold its 8 GW onshore wind platform, Triple Oak Power, to Energy Capital Partners (ECP). The deal is believed to generate sale proceeds between $500mn and $750mn, according to reports. 📈 ECP's Wind Power Play - ECP's acquisition of Triple Oak Power’s portfolio, primarily in western and Midwest markets, stands out in the current landscape, where high-quality wind development companies are scarce outside the ERCOT market in the US. 🌱 Three-Year Growth Story: EnCap's journey with Triple Oak began in Oct’20 through a majority equity investment, fuelling the latter’s strategy of focusing on bridging the gap from the early stage uncertainties in development to delivering shovel-ready, utility-scale wind facilities. 🔄 Continued Divestment Trend: This sale represents EnCap's third major renewable platform divestment, following the sale of Jupiter Power to BlackRock and a $1.6bn deal with ENGIE to sell Broad Reach Power. 📊 EnCap's Strategic Approach: EnCap continues to execute its strategy of developing high-potential platforms and divesting them for maximized returns. As Shawn Cumberland, its managing partner, stated, "We create companies that are capital hogs, and then somebody big has to buy them and keep it going. That's the next part of this evolution. #RenewableEnergy #EnergyInvestment #WindPower #SustainableDevelopment #StrategicInvestment #MergersAndAcquisitions #CleanEnergy #EnCap #EnergyTransition #BusinessStrategy #TripleOakPower
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