PRTODAY / NewswireToday Free press release distribution service network

More news: Energy
Written by / Agency / Source: General Electric Company

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

GE Energy Financial Services Launches North Sea Oil And Gas Development Lending Program - Launching a North Sea oil & gas development lending program, GE Energy Financial Services, a unit of GE (NYSE:GE), joined an existing group of financial institutions in a loan facility for Sterling Resources Ltd (TSX-V:SLG) - GEEnergyFinancialServices.com
GE Energy Financial Services Launches North Sea Oil And Gas Development Lending Program

 

NewswireToday - /newswire/ - London, United Kingdom, 2011/09/15 - Launching a North Sea oil & gas development lending program, GE Energy Financial Services, a unit of GE (NYSE:GE), joined an existing group of financial institutions in a loan facility for Sterling Resources Ltd (TSX-V:SLG) - GEEnergyFinancialServices.com. NYSE: GE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Of the GBP 105 million senior secured loan, GE Energy Financial Services has committed GBP 26.1 million.

The Sterling transaction is GE Energy Financial Services’ first development financing in the North Sea, complementing the existing focus of its oil and gas team. Since 1991, GE Energy Financial Services’ Oil and Gas team has provided more than $4.5 billion in partnership equity and debt to independent private and public oil and gas operators in the United States. The oil and gas team is active in all major onshore basins and in the Gulf of Mexico.

Sterling Resources is an international oil and gas company with a range of exploration, appraisal and development assets both offshore and onshore. The senior secured loan will allow Sterling Resources to execute Phase 1 development of the Breagh gas field in the UK Southern North Sea. Phase 1 development comprises construction of a platform on the western side of the field from which 10 wells will be drilled, a 100-kilometer 20-inch gas export pipeline to Teesside together with an associated smaller pipeline and cable, an onshore pipeline and modifications to the Teesside Gas Processing Plant. A second phase is under consideration.

GE Energy Financial Services joined global financial institutions that had signed the loan facility agreement in July: Société Générale Corporate & Investment Banking (acting as Sole Bookrunner, Mandated Lead Arranger and Technical Bank), BNP-Paribas (acting as Mandated Lead Arranger and Facility Agent) and Commonwealth Bank of Australia (acting as Mandated Lead Arranger).

About GE Energy Financial Services
GE Energy Financial Services’ experts invest globally across the capital spectrum in essential, long-lived, and capital-intensive energy assets that meet the world’s energy needs. In addition to capital, GE Energy Financial Services (geenergyfinancialservices.com) offers the best of GE.’s technical know-how, technology innovation, financial strength, and rigorous risk management. Based in Stamford, Connecticut, the GE business unit helps its customers and GE grow through new investments, strong partnerships, and optimization of its approximately US $20 billion in assets.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Energy Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: General Electric Company

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Energy articles,
CATCH Visitors via Your Competitors Announcements!


GE Energy Financial Services Launches North Sea Oil And Gas Development Lending Program

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

GE News Center |
Publisher Contact: Andy Katell - GE Energy Financial Services 
203-961-5773 andrew.katell[.]ge.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any General Electric Company securities in any jurisdiction including any other companies listed or named in this release.

Energy via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From General Electric Company / Company Profile


Read Energy Most Recent Related Newswires:

GE’s Energy Ecosystem Reveals Innovative Energy Solutions and Transformation Ideas to Help Meet Vietnam 2030 Power Targets
GE Launches OnBoard* - an Integrated Service Offering for Offshore Oil and Gas Water Treatment
Enel Begins Operations of New 150 MW Wind Farm in the United States
GE Announces Clarke Energy as a Jenbacher Gas Engines Distributor for an Additional Six Countries in Africa
ABB At Hannover Messe 2017 - Showcasing Customer Value in the Digital Age
Nord Stream 2 AG and European Energy Companies Sign Financing Agreements
GE Completes Acquisition of LM Wind Power
Enel Starts Construction of 300 MW Red Dirt Wind Farm in United States
ET Solar and DSM Announce Strategic Partnership to Accelerate Market Penetration of PV Modules Featuring Unique Sustainable and Durable Backsheets
El Lago Named 'Green Power Community' in Texas by U.S. EPA
GE and Southern California Edison Debut World’s First Battery-Gas Turbine Hybrid
GE Successfully Installed the First Unit of 1,500-Volt Solar Inverter in Japan
ENGIE Wins A 338 MWp Solar Project in India
GE & MGH Mark Commercial Operations of 9F Gas Turbines At Baghdad Power Plant
ENGIE and Axium Secure 50-year Comprehensive Energy Management Contract with The Ohio State University in the US

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  MagLar, Inc.

Visit  BizJobs.com





 
  ©2017 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)