Speaking Energy
As the energy industry continues to grow and change with new technologies, markets and resources, the Speaking Energy blog provides readers with key updates and insights.
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Speaking Energy
2024 was about post-consolidation deal flow and a steady uptick in activity across the oil & gas market. This year, mergers & acquisitions (M&A) activity looks
set to take on a different tone as major consolidation plays bed down.
set to take on a different tone as major consolidation plays bed down.
Speaking Energy
The oil & gas industry is experiencing a capital resurgence, driven by stabilizing interest rates and renewed attention from institutional investors. Private
equity is leading the charge with private credit filling the void in traditional energy finance and hybrid capital instruments gaining in popularity. Family offices
are also playing a crucial role, providing long-term, flexible investments.
equity is leading the charge with private credit filling the void in traditional energy finance and hybrid capital instruments gaining in popularity. Family offices
are also playing a crucial role, providing long-term, flexible investments.
Speaking Energy
We are pleased to share a recording of Akin’s recently presented webinar, “Drilling Down: What Oil & Gas Companies Can Expect from Federal Agencies
During Trump’s Second Administration.”
During Trump’s Second Administration.”
Speaking Energy
2023 saw two megadeals in the oil & gas industry that have led to calls from environmental interest groups for the FTC to intervene despite a lack of obvious
antitrust issues. Whether the FTC will sue to block the deals remains to be seen.
antitrust issues. Whether the FTC will sue to block the deals remains to be seen.
Speaking Energy
It seems likely the year ahead will see only a modest rebound in mergers & acquisitions (M&A) activity. Among the challenges that remain for 2024, one
challenge to further deal activity is the potential shortage of attractive assets coming to market. Another hindrance to the depth of the M&A markets is the
ongoing—and widening—valuation gap between the big energy giants and the smaller producers that is now reaching historic levels.
challenge to further deal activity is the potential shortage of attractive assets coming to market. Another hindrance to the depth of the M&A markets is the
ongoing—and widening—valuation gap between the big energy giants and the smaller producers that is now reaching historic levels.
Speaking Energy
The past year has been broadly characterized as one of limited public market activity and rising interest rates putting a dampener on access to capital. For
the oil & gas industry, the volume of debt & equity offerings remained at historically low levels. With bank lenders and some institutional investors also
continuing to retreat from the market, it has been a year in which alternative sources of capital have come to the fore.
the oil & gas industry, the volume of debt & equity offerings remained at historically low levels. With bank lenders and some institutional investors also
continuing to retreat from the market, it has been a year in which alternative sources of capital have come to the fore.
Speaking Energy
In Fore River Residents Against the Compressor Station v. FERC,1 decided on July 21, 2023, the U.S. Court of Appeals for the District of Columbia Circuit ended
long-running litigation over the Federal Energy Regulatory Commission’s (FERC or “Commission”) approval of the Weymouth Compressor Station in Norfolk,
Massachusetts. The Weymouth Compressor Station is part of the Algonquin Gas Transmission, LLC and Maritimes & Northeast Pipeline, L.L.C. Atlantic Bridge
Project, which received a certificate under section 7 of the Natural Gas Act (NGA) from FERC in 2017 (Docket No. CP16-9).2 In Fore River, the court found that
the petitioners, local residents, municipalities, and an environmental organization lacked Article III standing to challenge two orders issued by FERC after the
certificate issued (1) a December 26, 2018, delegated order granting Algonquin a two-year extension of time to construct the facilities (the “Extension
Order”)3 that was subsequently upheld by a full Commission order on February 21, 2020 (the “2020 Rehearing Order”);4 and (2) a January 20, 2022, denial ...
long-running litigation over the Federal Energy Regulatory Commission’s (FERC or “Commission”) approval of the Weymouth Compressor Station in Norfolk,
Massachusetts. The Weymouth Compressor Station is part of the Algonquin Gas Transmission, LLC and Maritimes & Northeast Pipeline, L.L.C. Atlantic Bridge
Project, which received a certificate under section 7 of the Natural Gas Act (NGA) from FERC in 2017 (Docket No. CP16-9).2 In Fore River, the court found that
the petitioners, local residents, municipalities, and an environmental organization lacked Article III standing to challenge two orders issued by FERC after the
certificate issued (1) a December 26, 2018, delegated order granting Algonquin a two-year extension of time to construct the facilities (the “Extension
Order”)3 that was subsequently upheld by a full Commission order on February 21, 2020 (the “2020 Rehearing Order”);4 and (2) a January 20, 2022, denial ...
Speaking Energy
Akin partners Matt Kapinos, Shariff Barakat and Sam Guthrie will be moderating panels and presenting at Infocast’s joint conferences CCS/Decarbonization
Project Development, Finance & Investment and RNG & SAF Capital Markets that will explore current market perspectives, the latest developments, and what
is on the horizon for carbon capture and renewable natural gas projects. The conference will take place July 24-26, 2023, in Houston, TX. Matt, Shariff and
Sam would like to invite our Akin friends to receive a 15% discount to attend.
Project Development, Finance & Investment and RNG & SAF Capital Markets that will explore current market perspectives, the latest developments, and what
is on the horizon for carbon capture and renewable natural gas projects. The conference will take place July 24-26, 2023, in Houston, TX. Matt, Shariff and
Sam would like to invite our Akin friends to receive a 15% discount to attend.
Speaking Energy
On March 2, 2023, a bi-partisan group of Senators introduced a package of legislation dubbed the Hydrogen Infrastructure Initiative aimed at facilitating the
build out of the hydrogen infrastructure necessary to transport, store and deliver hydrogen. The Hydrogen Infrastructure Initiative includes four separate
pieces of legislation: (i) the Hydrogen for Ports Act (S.647), (ii) the Hydrogen for Industry Act (S.646), (iii) the Hydrogen for Trucks Act (S.648) and (iv) the
Hydrogen Infrastructure Finance and Innovation Act (HIFIA) (S.649). While all four bills could play an important role in assisting the development of hydrogen
infrastructure in the U.S., HIFIA is likely to be of outsize importance given its focus on addressing one of the most significant barriers to the widespread
deployment of clean hydrogen: the ability to cost-effectively transport it from where it is produced to where it will be consumed. Senators Chris Coons (D-DE)
and John Cornyn (R-TX) are the initiative’s original co-sponsors.
build out of the hydrogen infrastructure necessary to transport, store and deliver hydrogen. The Hydrogen Infrastructure Initiative includes four separate
pieces of legislation: (i) the Hydrogen for Ports Act (S.647), (ii) the Hydrogen for Industry Act (S.646), (iii) the Hydrogen for Trucks Act (S.648) and (iv) the
Hydrogen Infrastructure Finance and Innovation Act (HIFIA) (S.649). While all four bills could play an important role in assisting the development of hydrogen
infrastructure in the U.S., HIFIA is likely to be of outsize importance given its focus on addressing one of the most significant barriers to the widespread
deployment of clean hydrogen: the ability to cost-effectively transport it from where it is produced to where it will be consumed. Senators Chris Coons (D-DE)
and John Cornyn (R-TX) are the initiative’s original co-sponsors.
