Kelcy Warren Has Greenpeace on the Ropes

The Texas billionaire drives Greenpeace USA toward bankruptcy with legal challenges; Tropical storm threatens 125,000 bpd in Gulf of Mexico production; Five Point Energy closes its Infrastructure Fund IV with $1.4 billion in commitments; Post Oak-backed Quantent closes a Haynesville deal in North Louisiana, expanding its shale gas footprint.

Good morning. Five Point Energy closed an oversubscribed Fund IV with $1.4B in commitments. Post Oak-backed Quantent closed on an NLA Haynesville deal. 125,000 bopd under threat in the Gulf of Mexico as tropical storm approaches. And finally, Kelce Warren (Energy Transfer) has Greenpeace USA on the ropes with a lawsuit so huge the environmental activists are on the verge of bankruptcy. Let's drill down.

Daily Headlines

  • The Texas billionaire drives Greenpeace USA toward bankruptcy with legal challenges.(WSJ $$$)

  • Oil giants evacuate Gulf of Mexico platforms ahead of storm.(OilPrice.com)

  • Tropical storm threatens 125,000 bpd in Gulf of Mexico production.(World Oil)

  • Texas proposes first new rules for oilfield waste in 40 years.(OA Online $$$)

  • American energy security at risk after Gulf of Mexico court ruling.(World Oil)

  • U.S. LNG export capacity could double by 2028, EIA forecasts.(Energy In Depth)

  • Chevron and partners propose new plan for Aphrodite gas field.(JPT)

Deal Flow

M&A/Investment

  • Pembina acquires gas midstream assets in a $295 million deal to expand its infrastructure.(Hart Energy $$$)

  • Post Oak-backed Quantent closes a Haynesville deal in North Louisiana, expanding its shale gas footprint.(Hart Energy $$$)

  • Yinson sells its offshore vessels business to focus on FPSO operations.(Upstream Online)

  • Mosman Oil and Gas nears completion of an asset sale as it reshapes its portfolio.(TipRanks)

IPO/Direct Listing/Issuances/Block Trades

  • Oman state-run oil firm OQ plans an initial public offering to potentially seek billions.(Your Source One)

Fundraising

  • Five Point Energy closes its Infrastructure Fund IV with $1.4 billion in commitments.(Hart Energy $$$)

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