• 3 minutes Boris Johnson taken decision about 5G Huawei ban by delay (fait accompli method)
  • 6 minutes This Battery Uses Up CO2 to Create Energy
  • 10 minutes Phase One trade deal, for China it is all about technology war
  • 12 minutes Trump has changed into a World Leader
  • 12 hours Shale Oil Fiasco
  • 5 hours Might be Time for NG Producers to Find New Career
  • 51 mins We're freezing! Isn't it great? The carbon tax must be working!
  • 2 hours Environmentalists demand oil and gas companies *IN THE USA AND CANADA* reduce emissions to address climate change
  • 4 hours Angela Merkel take notice. Russia cut off Belarus oil supply because they would not do as Russia demanded
  • 4 hours Indonesia Stands Up to China. Will Japan Help?
  • 1 day Swedes Think Climate Policy Worst Waste of Taxpayers' Money in 2019
  • 1 day Wind Turbine Blades Not Recyclable
  • 4 hours Beijing Must Face Reality That Taiwan is Independent
  • 12 hours US Shale: Technology
  • 1 day Denmark gets 47% of its electricity from wind in 2019
  • 1 day Prototype Haliade X 12MW turbine starts operating in Rotterdam
Alt Text

Another OPEC Producer Looks To Back The Aramco IPO

As the world’s largest initial…

Alt Text

What The Market Is Overlooking In The Occidental Deal

Occidental Petroleum has caught a…

Dave Forest

Dave Forest

Dave is Managing Geologist of the Pierce Points Daily E-Letter.

More Info

Premium Content

These Two New Sources Of Financing Give Hope To The Energy Industry

Confirmed this week — 2015 was a record year for natural resource investment. With data from private equity analysts Preqin showing that resource funds raised $63 billion during the past year.

And this week we got news about two more big sources of funding for mining and energy projects.

The government of Oman led things off — announcing plans for a new fund to invest in the mining industry.

Oman sovereign wealth vehicle, its State General Reserve Fund will cooperate with other state funds and private investors to create the new fund, officials reported. With the venture to be called Mining Development Oman, having total capital of $260 million — making it a sizeable venture. Related: Petro Currencies Under Fire As Oil Keeps Sliding

Officials said the fund will look to take partial stakes in mining projects. And that it will consider investments on a local, regional, and international scale — suggesting we could see this strategic investor popping up worldwide.

And that wasn’t the week’s only good news for resource developers. With China also announcing the start-up of a major new fund — this one aimed at energy and infrastructure investments.

Government agency China Insurance Regulatory Commission announced Tuesday that 27 insurance companies across China, along with 15 asset management firms, have combined investments to create the new fund — known as China Insurance Investment Ltd. Related: Saudi Arabia Throws Down The Gauntlet, But To Whom?

The fund has big capital — having reportedly raised $6 billion as part of its launch. And it’s already starting to deploy this cash, taking a stake in Russia’s Yamal liquefied natural gas (LNG) project.

No details were given on how much the fund is contributing to Yamal or what share of the project it will receive — but the deal shows that the new vehicle is moving fast in making investments.

The fund was said to be focusing specifically on “overseas assets”, with regulators noting it will also help finance port projects in Sri Lanka, Turkey and Djibouti. Regulators also said the fund might take stakes in clean energy projects.

All of which is worth noting for resource developers in a variety of sectors worldwide. There’s always money somewhere — for the right projects.

Here’s to following the cash

By Dave Forest

More Top Reads From Oilprice.com:




Download The Free Oilprice App Today

Back to homepage




Leave a comment

Leave a comment




Oilprice - The No. 1 Source for Oil & Energy News
Download on the App Store Get it on Google Play