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March 25, 2021
Greenbriar Equity Group has soared past its $1bn Fund V target to reach a $1.68bn final close for the fund, after just a few months of entirely virtual fundraising.
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Exxon sues Macquarie over missed deliveries

Exxon Mobil is suing Macquarie Energy, hoping that a Texas court will rule that last month’s winter freeze was a natural disaster. Such a ruling would allow Exxon to break its contract without paying a penalty for failing to deliver natural gas to Macquarie, which is the second largest gas marketer in the U.S. The lawsuit says the massive storm and state declarations of emergencies had prevented Exxon Mobil from fulfilling its supply commitment. Macquarie had demanded that Exxon cover the wholesaler’s $11.7 million in damages for missed deliveries. Macquarie was one of the biggest winners in the cold snap that stretched as far south as Texas, where over 4 million homes lost power. The freezing temperatures caused gas demand and prices to soar in the U.S., and analysts said Australian-based Macquarie could reap a $317 million profit from a weather-related gas binge. A Macquarie spokesman declined immediate comment. Exxon did not reply to a request for comment. Macquarie sh ....

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Macquarie Capital launches WaveCrest Energy LNG Platform


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Macquarie Capital, the corporate advisory, capital markets, and principal investing arm of Macquarie Group, has announced the launch of WaveCrest Energy, LLC, a platform that will develop, construct, own and operate LNG regasification, power, and downstream infrastructure assets.
WaveCrest delivers end-to-end project solutions – from early-stage development through project financing, construction, and commercial operation – as well as subsequent project expansions. With flexible capital, development, and financing capabilities; technical and operational expertise; and physical commodity solutions, WaveCrest is well positioned to integrate activities across the LNG value chain, such as: gas supply, liquefaction, LNG supply, regasification, power generation, and downstream services. ....

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