Dubai: Abu Dhabi National Oil Co. is close to hiring JPMorgan Chase & Co. and First Abu Dhabi Bank PJSC to help arrange the potential listing of its drilling business, according to people familiar with the matter.
Adnoc, as the company is known, is looking to sell a minority stake in its drilling unit in a deal that could value the business at up to $10 billion, the people said, declining to be named because the matter is private. In 2018, when Baker Hughes bought a 5% stake in Adnoc Drilling, that deal valued the company at about $11 billion, including $1 billion of debt.
Although the state energy firm has yet to award formal mandates, the two banks are in pole position for a role on the IPO at the Abu Dhabi Securities Exchange, the people said. Adnoc may also appoint additional advisers, they said.
EnLink Midstream Reports First Quarter 2021 Results and Reaffirms 2021 Guidance
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DALLAS, May 4, 2021 /PRNewswire/ EnLink Midstream, LLC (NYSE: ENLC) (EnLink) reported financial results for the first quarter of 2021 and reaffirmed 2021 financial guidance.
Highlights
Reported net income of $12.6 million, net cash provided by operating activities of $225.8 million, and adjusted EBITDA, net to EnLink, of $249.4 million for the first quarter of 2021, driven by strong operational execution and a continued focus on cost reductions.
Winter Storm Uri temporarily impacted volumes across EnLink s asset footprint giving rise to commercial challenges offset by operational savings. On a net basis, it is estimated that Winter Storm Uri did not have a material impact to first quarter of 2021 results. All systems have resumed normal operations and suffered no lasting integrity impact.
EnLink Midstream Announces Path to Achieve Net Zero Emissions by 2050, Identifies Potential Emissions Milestones Along the Way
EnLink also announces issuance of 2020 Sustainability Report and other sustainability achievements
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DALLAS, May 4, 2021 /PRNewswire/ EnLink Midstream, LLC (NYSE: ENLC) (EnLink) today announced its intention to reach net zero greenhouse gas emissions by 2050, positioning the company among industry leaders in sustainability. EnLink plans to execute substantial emissions reduction strategies along the way that will systematically move the company toward its net zero goal.
Additionally, EnLink announced that it issued its 2020 Sustainability Report, joined The Environmental Partnership, a coalition of industry companies committed to pursuing emissions reductions, and became the proud recipient of the 2020 Chairman s Award for Safety Improvement from the GPA Midstream Association.
Signature Aviation announces its election to redeem in full its 5.375% Senior Notes due 2026 London, 30 April 2021 Signature Aviation US Holdings, Inc. (the Issuer ), a Delaware corporation and wholly-owned subsidiary of Signature Aviation plc ( Signature ), announces its election to redeem in full (the Redemption ), subject to the satisfaction or waiver of certain conditions, its outstanding $500,000,000 5.375% Senior Notes due 2026 (the Notes ) upon the terms of, and subject to the conditions set forth in, the Notice of Full Conditional Redemption sent to the holders of the Notes on April 30, 2021 (the Redemption Notice ) in accordance with the requirements under the indenture related to the Notes (the Indenture ).
Clearway Energy, Inc. Completes Acquisition of Mt. Storm Wind Project
/EIN News/ PRINCETON, N.J., April 26, 2021 (GLOBE NEWSWIRE) Clearway Energy, Inc. (NYSE: CWEN, CWEN.A) today announced it completed the acquisition of Mt. Storm, a 264 MW asset in Grant County, West Virginia, from Castleton Commodities International.
“The closing of the Mt. Storm transaction provides the Company geographic diversification, accretive growth, and leverages Clearway’s existing platform of wind investments in West Virginia to provide for operational efficiencies,” said Christopher Sotos, Clearway Energy, Inc.’s President and Chief Executive Officer. “In partnership with our sponsor, Clearway Group, we look forward to deepening our commitment to support investments in local businesses and the community through Mt. Storm and our other renewable energy projects in West Virginia.”