Financing Package

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  1. Armada Oil provides financing update

    Armada Oil Inc. (OTCBB:AOIL) is completing an all-inclusive financing package that would not only allow for significant new development in the company’s south Louisiana fields but would also provide capital to initiate additional acquisition and/or drilling activities in its other project areas. As part of this package, Armada has received convertible bridge financing of $600,000 to enable it to proceed with important workover activity on two of its wells in the Lake Hermitage field. This work is expected to be completed this month and should result in increases in both production and reserves. The overall financing transaction is now expected to close on or before Dec. 31. Additional work in the company’s south Louisiana project area is expected to begin in January 2014, with drilling in other project areas expected to begin as soon as weather, final land title review, location selection, and well planning allow.

    Online Articles

    Online Articles

    Thu, 5 Dec 2013

  2. CCI acquires Morgan Stanley's Global Oil Merchanting business

    Castleton Commodities International LLC has reached a definitive agreement to acquire Morgan Stanley's Global Oil Merchanting business. The purchase price of the transaction is not being disclosed. The all-cash transaction is expected to close in the second half of 2015.

    Online Articles

    Online Articles

    Tue, 12 May 2015

  3. Patriot Coal again files for Chapter 11 bankruptcy

    Patriot said it is involved in active negotiations for the sale of its operating assets to a strategic partner

    Online Articles

    Online Articles

    Tue, 12 May 2015

  4. World Bank head: “Get rid of fossil fuel subsidies now”

    The head of the World Bank has called for a global carbon tax and the end of fossil fuel subsidies.  

    Online Articles

    Online Articles

    Tue, 14 Apr 2015

  1. EDF may pull out of UK nuclear warns French expert

    Online Articles

    Online Articles

    Tue, 9 Apr 2013

  2. Suzlon moves ahead on 138 MW wind power project in South Africa

    Suzlon Group has commenced construction of the Cookhouse Wind Energy Facility located in the Eastern Cape Province of South Africa.

    Online Articles

    Online Articles

    Mon, 25 Feb 2013

  3. First Wind begins construction on Maine wind power project

    U.S.-based renewable energy company, First Wind, began construction on the 148-MW Oakfield Wind project in Aroostook County, Maine.

    Online Articles

    Online Articles

    Fri, 26 Sep 2014

  4. First Wind finances 148 MW wind power project

    Renewable energy company First Wind closed financing for its 148 MW wind energy project in Aroostook County, Maine

    Online Articles

    Online Articles

    Thu, 1 May 2014

  5. Tennet reassures on offshore financing

    Tennet are confident that a new financing package for the first cluster of German offshore wind projects is “secure”.

    Online Articles

    Online Articles

    Tue, 11 Jun 2013

  6. Norte Energia receives first BNDES credit for 11.2-GW Belo Monte

    Brazil's Norte Energia SA has received the first installment of a US$10.8 billion financing package from the Banco Nacional de Desenvolvimento Economico e Social (BNDES) for the Amazon's Belo Monte hydroelectric project.

    Blogs

    Blogs

    Thu, 3 Jan 2013

  7. POWER-GEN International: Finance Forum Keynote Session addresses financial issues for power projects

    POWER-GEN International 2011 held its first Financial Forum Keynote Session featuring Larry Kellerman, chief executive officer of Quantum Utility Generation.  Kellerman spoke about the issues that face power projects in terms of financing, including failed companies such as Solyndra.

    Online Articles

    Online Articles

    Thu, 15 Dec 2011

  8. Aramco, Total to raise $8 billion for joint venture

    Saudi Aramco and Total SA expect to raise the $8 billion needed for their jointly owned Saudi Aramco Total Refining & Petrochemical Co. (Satorp) in the coming months.

    Online Articles

    Online Articles

    Tue, 30 Mar 2010

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