Oil and gas companies are on the hunt for top talent like never before, as they work to fill positions left vacant from retiring workers. The industry is preparing for this turnover – dubbed “The Great Crew Change” – by scouring college campuses, launching elaborate advertising campaigns and even poaching skilled workers from one another.… Keep reading →
An improving investment climate -
Perceptions of Africa as an investment destination are changing rapidly and parts of Africa are increasingly considered very attractive for foreign direct investment. Compare this to similar findings as recently as three or four years ago, and it becomes clear that there has been a remarkable change in Africa’s image in a short period of time.
The statistics suggest that these changing perceptions are justified. Africa’s share of global foreign direct investment stands at 5.7% – an all-time high, of which, notably, 80% is directed towards sub-Saharan Africa1. In addition, there has been a marked increase in intra-African investment. While the majority of this inward investment has been focused on the traditional extractive industries, it is worth noting that there is also a long-term trend towards increasing investments in consumer facing industries, such as financial services. Kenya, for example, is harnessing such investment to establish itself as a regional commercial financial hub…
The 330-MW Sarulla geothermal power project stands to be the largest geothermal power project in Indonesia to date. A Latham & Watkins team led by partners Joseph Bevash, Clarinda Tjia-Dharmadi and Andrew Roche advised the lenders on the $US1.17 billion financing of the project. In this Q&A interview Tjia-Dharmadi discusses the significance of the deal, the unique financing challenges it presented, and the project’s potential to serve as a blueprint for future geothermal projects in Indonesia.
Recently the United States and the EU imposed additional targeted sanctions against Russia in response to the ongoing conflict in Ukraine. Although previous sanctions issued by the U.S. and EU since March 2014 affect various sectors of the Russian economy, including Russia’s military industrial complex, the most recent sanctions target Russia’s financial and energy sectors.
Since March 2014, the United States has imposed visa bans on certain government officials and blocked property and interests in property of certain persons and entities that are stated to contribute to the situation in Ukraine. The most recent sanctions imposed restrictions on exports and re-exports of oil- and gas-related items for deepwater, Arctic offshore, or shale projects in Russia. These sanctions have been imposed primarily by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”) and the U.S. Commerce Department’s Bureau of Industry and Security (“BIS”).
Renewable energy companies in the United States might lose a friend in the coming months. Conservative Republicans are trying to kill the Export-Import Bank, the independent and self-sustaining federal agency founded during the Great Depression that helps finance the purchase of American-made goods and services by overseas buyers. The bank’s current authorization expires at the… Keep reading →
As we continue to bolster our energy industry coverage – layering voices from a variety of influential stakeholders on top of our original reporting – Breaking Energy now features “Law Firm Perspectives,” which include legally-focused analysis briefs from firms with leading energy practices. The feed is powered by JDSupra. A major component of our editorial strategy… Keep reading →
We all know money talks, and that is certainly the case in capital-intensive energy businesses. Whether it’s developing a utility-scale wind or solar power project, bringing a natural gas field online or launching an energy efficiency services company, millions and even billions of dollars can be spent before profits are generated. And bringing investors onboard… Keep reading →
The innovative event series New York Energy Week is back in its second year to celebrate leading companies, government officials, entrepreneurs and the other stakeholders who help the state’s various energy sectors and businesses run smoothly. In order to highlight some of the important people at the cutting edge of New York energy initiatives, Breaking… Keep reading →
Another indicator of solar going mainstream SolarCity is offering another $70.2 million in asset-backed notes. Late last year, SolarCity executed on a solar financing milestone and offered a private placement of $54.4 million of an “aggregate principal amount of Solar Asset Backed Notes, Series 2013-1.” That was one of the first times securitization was employed… Keep reading →