More Oil & Gas Investments News

Analyst to Australia's LNG investors: Don't expect government relief in face of soaring costs

While the Australian LNG sector has massive financial potential, ballooning development costs, driven by the prodigious strength of the Australian dollar, are continuing to chip away at profit forecasts. But despite the emergence of such a challenging macroeconomic environment, the national government is unlikely to offer concerned investors any respite, says an energy expert with research and consulting firm GlobalData.

Foreign investors play increasing role in US shale development

Investors from outside the United States are playing an increasingly vital role in the US tight oil and shale natural gas industry, according to the US Energy Information Administration.

Global energy story still unfolding

Let's talk about the dramatic changes that have taken place in the petroleum industry just in the past several years. It's quite a story.

Riverstone Holdings invests up to $200 million in Ridgebury Tankers

Ridgebury Tankers LLC, a new tanker company focused on the acquisition and operation of vessels in the tanker sector, said April 11 that it has received a $200 million commitment from Riverstone Holdings LLC, an energy private investment firm, alongside a $5.7 million commitment from Ridgebury management.

TPH Partners invests in Principle Petroleum

TPH Partners II LP, a middle-market energy private equity fund, has formed Principle Petroleum Partners LLC, an independent upstream company headquartered in Dallas.

Natural gas industry allies urge Congress to fund research and development

NGVAmerica joined with a group of NGV advocates - including the American Gas Association, the American Public Gas Association and the Gas Technology Institute - in requesting that Congress provide $30 million next year for NGV research and development. In a letter to the House and Senate Committees on Appropriations, the organizations ask the committees to approve the funding for research that will reduce costs and improve efficiency and durability of advanced natural gas engines and vehicles, fuel storage and fueling infrastructure, including home fueling systems.

Shale gas pipelines growing rapidly around Marcellus

The abundance of shale gas and the resulting transportation needs have pushed investment in new gas transmission pipelines, and over half of the country’s newest lines are in the Northeast, where producers are looking to ship Marcellus shale gas to market, the US Energy Information Administration (EIA) reported.

Vean Gregg taking leave from JPM, new energy banking leaders named

J. P. Morgan reports that Vean Gregg, who has played an important role in building the firm’s oil and gas business, will take a “sabbatical” from the firm, beginning in June.

JV created to acquire majority stake in new LNG-fueled power plant in Singapore

First Pacific Co. Ltd. of Hong Kong and Manila Electric Company of the Philippines have created a joint venture vehicle – FPM Power Holdings – to acquire a majority interest in a new 771-megawatt, LNG-fueled power plant in Singapore.

NEAH Energy to locate executive offices in New York City

Newco Energy Acquisition Holdings LLC (NEAH Energy), an energy-related asset and industrial services acquisition firm, will locate its executive offices in New York City.