Borrowing Base – Oil & Gas 360

Diversified Energy announces increase in borrowing base

September 26, 2023

Oil and Gas 360 BIRMINGHAM, AL / ACCESSWIRE / September 26, 2023 / Diversified Energy Company PLC (LSE:DEC) (“Diversified” or “the Company”) is pleased to announce its completion of the semi-annual borrowing base redetermination for the Company’s revolving credit facility, structured as a Sustainability-Linked Loan. The borrowing base under the facility was increased to $425 million from $375 million with 100%

The Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards -oilandgas360

‘The time is now,’ says EY CEO Carmine Di Sibio, as the Big Four corporate accounting firms get serious about ethical governance and endorse official ESG reporting standards

September 22, 2020

Business Insider Oil & Gas 360 Publishers Note: Excellent article from the Business Insider as one in the 6 part series. We have been covering the availability of capital to energy firms with, and without ESG plans. It will be interesting to follow the standards creation process. Leaders of Deloitte, PwC, EY, and KPMG announced Tuesday a new reporting framework

BlackRock cast tougher climate votes, environmentalists want more- oil and gas 360

BlackRock to double down on ESG despite new DoL proposal

September 18, 2020

Financial Planning Though a new Labor Department proposal could hinder the use of ESG factors in retirement plans, the world’s largest money manager isn’t stepping back from sustainable investing. In fact, BlackRock is upping its commitment. By the end of this year, 100% of its portfolios will integrate ESG metrics, up from 70% at the end of April, CEO Larry

U.S. regulators split with EU/U.K. over ESG investing – Fitch

U.S. regulators split with EU/U.K. over ESG investing – The energy sector is at the forefront of ESG

September 12, 2020

Pensions & Investments Oil & Gas 360 Publishers Note: Nice article written by Hazel Bradford covering ESG investing and the U.S. and EU/U.K. differences and similarities. What is not covered is some specifics about the energy sector. Large power, oil, and renewable companies are right in the middle of the ESG investor, and availability of operating capital. BP as one

Hermitage Offshore Services Ltd. (NYSE:PSV) Announces 10-Day Extension of Forbearance Agreement with the Lenders to its $132.9 Million Term Loan Facility

August 3, 2020

HAMILTON, Bermuda, Aug. 03, 2020 (GLOBE NEWSWIRE) — Hermitage Offshore Services Ltd. (NYSE…

D. E. Shaw Renewable Investments Announces Strategic Financing with Credit Suisse and Zions

July 23, 2020

NEW YORK , July 23, 2020 /PRNewswire/ — D. E. Shaw Renewable Investments (DESRI), a…

BOK Financial Corporation Reports Quarterly Earnings of $65 million or $0.92 Per Share in the Second Quarter

July 22, 2020

TULSA, Okla., July 22, 2020 (GLOBE NEWSWIRE) — BOK Financial (NASDAQ: BOKF) today reported…Energy loan balances decreased $138 million to $4.0 billion or 16 percent of total loans as the current commodity price environment dampened demand for new loans and borrowers focused on paying down debt to reduce leverage. Supporting the energy industry has been a hallmark of the Company

Deutsche Bank Research introduces dbSustainability to help clients find sustainable investment opportunities

July 19, 2020

Finance Feeds Oil & Gas 360 Publishers Note: We have been seeing a direct impact on the availability of capital tied to ESG. With financial institutions creating product lines for ESG investing, it is a cross industry requirement. No -ESG – No Capital As investors increasingly use ESG factors to make investment decisions, Deutsche Bank Research is responding with a

Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Million Capital Investment by Kiwetinohk Resources Corp.

July 6, 2020

Delphi Energy Corp. Announces Proposed Plan of Compromise and Arrangement and $22.9 Millio…

Record debts come due for Canadian oil patch after five years of crisis

July 6, 2020

BOE Report Six years ago, Canadian oilfield services firm Calfrac Well Services commanded a C$2.1 billion ($1.55 billion)market value and was poised for U.S. expansion. But by last month, Calfrac’s market value had collapsed to just C$23 million and it deferred an interest payment on debt that does not mature for six years. The Texas billionaire Wilks brothers, already its

Asian Development Bank to end fossil fuel financing

June 17, 2020

Trend NGO Forum on ADB, a network of over 250 civil society organizations across Asia calls out the Asian Development Bank (ADB) to end its green posturing and make real commitments towards a Paris aligned policy and appropriate clean energy investments, Trend reports with reference to ADB. This demand coincides with this year’s Asia Clean Energy Forum (ACEF) 2020 which

Touchstone Exploration discovers oil and gas deposit onshore Trinidad-oilandgas360

Touchstone Enters into Escrow Arrangements for US$20 Million Term Loan

May 27, 2020

CALGARY, May 27, 2020 /CNW/ – Touchstone Exploration Inc. (“Touchstone”, “we”, “our”, “us”or the “Company”) (TSX, LSE: TXP) announces that its indirect wholly-owned subsidiary, Touchstone Exploration (Trinidad) Ltd., has entered into escrow arrangements for a US$20 million, seven-year term loan agreement (the “Term Loan”) with Republic Bank Limited, as initial lender, arranger and administrative agent.

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