Offshore oil and gas producer
Appears in 1 story · Last updated Nov 11, 2026
Borrower through subsidiary Elkhorn Offshore
On November 10, 2026, the U.S. Department of Energy closed a $480 million loan to Elkhorn Offshore, a subsidiary of Texas-based Arena Energy, to refurbish and repower 22 aging oil and gas platforms in the Southern Eugene Island area off Louisiana. It is the first loan the department's Office of Energy Dominance Financing has closed for domestic oil and gas production.
Updated 5 hours ago
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