The U.S. Dept. of Energy has closed a $480-million loan for Arena Energy’s Project Elkhorn, its first loan for domestic oil and gas production. The project will modernize 22 U.S. Gulf shelf platforms and add up to 38,600 bpd at peak.
The U.S. Dept. of Energy has closed a $480-million loan for Arena Energy’s Project Elkhorn, its first loan for domestic oil and gas production. The project will modernize 22 U.S. Gulf shelf platforms and add up to 38,600 bpd at peak.