Page 14 - Point Resources News Today

Vår Energi has announced the refinancing of its existing Reserved Based Lending facility with a USD 6 billion unsecured corporate credit facility provided in equal proportions by 12 international banks.

Var Energi is a full cycle exploration and production company which was established in 2018.

Eni and Point Resources plan to launch a strategic review regarding the future ownership structure of the Norwegian offshore…

Eni and Point Resources, a HitecVision portfolio company, owning respectively of 69.85% and 30.15% of Vår Energi, have announced their intention to initiate a strategic review regarding the future ownership structure of Vår Energi, in order to better pursue future growth and maximize value creation.

Joint owners launch strategic review of future ownership of Norwegian producer

Source: Eni. Africa’s biggest foreign oil and gas producer, Italy’s Eni, wants to spin off its oil and gas operations in West Africa and the Middle East to create joint ventures (JVs) to reduce debt at the group level, and distance itself from oil and gas while retaining control of the assets. The move is part of a strategy that builds on Eni’s successful spin-off of its Norwegian oil and gas subsidiary (Eni Norge) to create the Vår Energi JV in 2018 with the equity firm HitecVision; Eni...

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Miguel Otárola/CPR News Rusty Frishmuth shows off an air compressor powering controllers at an oil field off Hwy. 34 east of Greeley, Colo., on Feb. 24, 2021. Controllers at this facility are powered by compressed air. Rusty Frishmuth opened a metal equipment cabinet in an oil field east of Greeley and waited for the sound. A few minutes later, a sharp woosh blew from inside. It was the sound of a pneumatic controller in action. “Incredibly exciting, right?” joked Frishmuth. As the direc...

Ralph DAmico Thank you for joining us today to discuss our fiscal 2020 results. With me on the call today for prepared remarks are Chad Stephens, president and chief executive officer; and Freda Webb, vice president of mineral operations. After the prepared remarks, we will open the call up for a Q&A session. The earnings press release that was issued earlier today is also posted on our investor relations website. Before we turn the call over to Chad, Id like to remind everyone that during toda...

Remember, anytime the president travels it is a massive undertaking. it takes a lot of planning and resources, and at this point resources are already stretched extremely thin in texas as local a agencies are focused on saving folks lives and getting them back on their feet as well. arthel: meanwhile, governor abbott of texas, he gave the president and his administration an a+ on federal response. can you give us more details about the federal response, garrett? >> reporter: yeah. leading up to ...