BROKERAGE
Through our extensive contact-base, Cross Energy is often able to either introduce parties who may not know one another yet who may have common goals, or else to bridge the gap between parties who have either not managed to reconcile their differences, or to recognise and point out where their ambitions actually align. Cross Energy can also intermediate in Gov’t. to Gov’t. deals. By playing the role of middleman we are often able to provide a catalyst that enables progress to be made. In such circumstance we may not appear as a contract party but will act as a broker.
INVESTMENT
So as to enhance its Trading activity, Cross Energy is always open to investing in assets that will compliment this enterprise and expand our book. Assets that we see as being of key importance include: Upstream assets such as producing oil and gas fields, Production equipment including drilling rigs and FPSO’s, service companies, midstream pipeline, storage, and shipping and for downstream, refining, distribution and marketing, etc.
FINANCE - INTERMEDIATION DEALS, PRE-FINANCE
In certain circumstances, Cross Energy is prepared to lend its balance sheet to assist smaller trading companies with individual trades, providing they can be clearly ring fenced. The Company is also prepared to offer finance and engage in asset-backed trading where suitable collateral can be provided. Cross Energy will also examine pre-pay opportunities to acquire crude or products, providing sufficient guarantees are in place to ensure performance of supply under the agreement. (In these types of tradewe will usually require a Collateral Management Agreement (CMA) administered via an independent specialist.)
PROCESSING AND TOLLING
As a means to enhance the value of a feedstock, or to augment the flow and balance of Petroleum products in our portfolio, Cross Energy will engage in third-party refinery processing deals. Such activity can also be extended to gasification and re-gasification of LNG.
PARTNERSHIPS
Our Trading activity spans the Globe and sometimes provides us with a unique insight to the market. Taking full advantage of this flow of market information, Cross Energy is able to further leverage its position by actively investing in advantageous Energy related Projects. In so far as local rules and regulations permit, we are prepared to promote such opportunities to third parties, who may be willing to co-invest.
PROJECT MANAGEMENT
In the cases where Cross Energy is the lead investor, we may also become involved in managing a particular project. As this is not seen as being core to our other activities, such project management work is usually undertaken in conjunction with one of our partners who is specialised in this field. It is through such a partnership we are able to offer Project Management to our co-investors.
CONSTRUCTION AND MAINTENANCE
Cross Energy benefits from a close relationship with several Construction and Engineering Companies who are leaders in EPC and specialists within Oil and Gas. We work with refiners and gas processors to assist with maintenance, renewal and increasing capacity. This can be financed in exchange for goods. Basically this usually involves independently monetising a crude or product stream to ensure that the contractor’s payments are safeguarded by a third-party’s involvement.
POWER OFF-TAKE AGREEMENTS
In repayment for or as collateral against a loan or investment in new Power Plants, Cross Energy engages in long-term Power Off-take Agreements.
CHARTERING
Cross Energy is able to sub-let ships taken on a long-term charter, on a COA or voyage charter basis.
CONSULTANCY
Drawing upon our Team’s extensive knowledge of the Energy market and the Financial Institutions that support it, plus a wide and varied list contacts for relevant people, we are in a good position to provide a Consultancy service. Providing that we are not lending support to a direct competitor, we can sometimes offer this service.