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  1. 43% of PE firms planning global oil and gas acquisitions in 2017

    Capital requirements for the oil and gas sector are high; the shortage of bank-led debt financing is offering plenty of scope for Private Equity (PE) firms to invest and provide more alternative financing sources than historical options to fund the world’s future energy needs. According to a recent EY global survey of 100 PE firms active in the sector, they are readying to deploy capital into the global oil and gas sector with 25% planning acquisitions before the end of the year and 43% by the first half of 2017.(1) “The landscape of the oil and gas industry is shifting dramatically with a surge in companies looking to decommission and dispose of their assets, due to the lingering weakness in oil prices. As relationships with commercial bank lenders continue to change and public equity markets remain volatile, due to economic instability, one option for upstream companies looking to remove assets from their portfolios, and turn them into cash, is to partner with PE firms,” said William S. Lamb, a partner in Baker Botts' New York office. “The main driver for PE activity is low valuations, with the upstream sector generating the most interest. In mature regions like the UK, a particular challenge is how to manage decommissioning costs and we are starting to see this have a big impact on the structuring of deals,” added Paul Exley, a partner in Baker Botts' London office. Exley commented, “The scale and uncertainty around these costs makes it difficult to ‘price them in’ so we and our clients are looking at alternative solutions to get the deals through.” (1) Capitalizing on opportunities - Private Equity in Investment in Oil and Gas - EY (June 2016)

    Online Articles

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    Wed, 21 Sep 2016

  2. Half of FERC licensed hydroelectric projects up for review in next 15 years

    Over the next 15 years, 50 percent of all FERC licensed hydroelectric projects will begin a relicensing process

    Online Articles

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    Wed, 21 Sep 2016

  3. Coal News: Vattenfall gets EU green light to sell German coal assets

    Energy company Vattenfall AB says it has received approval from the European Commission to sell its loss-making coal assets in Germany.

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    Thu, 22 Sep 2016

  4. Oil and Gas News: PG&E Corporation Board of Directors elects Eric Mullins

    Mullins is the Managing Director and Co-Chief Executive Officer of Lime Rock Resources, L.P., a private equity firm he co-founded in 2005 that acquires, operates and improves oil and gas properties in the U.S.

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    Wed, 21 Sep 2016

  1. EU approves Vattenfall to sell German coal assets

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    Thu, 22 Sep 2016

  2. Team Oil Tools acquires Top Notch Energy Services

    Team Oil Tools LP has acquired the assets of Top Notch Energy Services Inc.

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    Thu, 15 Sep 2016

  3. First Reserve acquires Applied-Cleveland Holdings

    First Reserve, a global private equity and infrastructure investment firm exclusively focused on energy, has acquired Applied-Cleveland Corporation (A-C) from Nautic Partners.

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    Mon, 12 Sep 2016

  4. Calash enters US market

    Energy advisory and consultancy firm Calash has expanded its services to the USA, opening offices in both Houston and New York.

    Online Articles

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    Mon, 12 Sep 2016

  5. Renewable Energy News: Modern Energy Management supports CapAsia at 100 MW Pakistani projects

    MEM, a specialist in delivering project lifecycle certainty to renewable energy developers, financiers and investors has been engaged to work on behalf of CapAsia’s Islamic Infrastructure Fund at two early wind farms in Pakistan.

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    Wed, 14 Sep 2016

  6. White Deer Energy acquires RockPile Energy Services

    RockPile Energy Services LLC, a subsidiary of Triangle Petroleum Corp., has been acquired by White Deer Energy.

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    Fri, 9 Sep 2016

  7. Bayou City Energy purchases preferred stock in High Mesa

    Bayou City Energy’s affiliate, BCE-MESA Holdings LLC completed the purchase of preferred stock in High Mesa Inc.

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    Mon, 12 Sep 2016

  8. FEATURE: Top-level hiring brisk at E&P companies, recruiter says

    While oil and gas work struggles in a commodity-price slump, top-level recruitment at exploration and production companies is brisk, says an energy-industry recruiter with more than 20 years of experience.

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    Mon, 12 Sep 2016

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