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Gazprom's Russia-China gas pipeline breaks ground

Construction has begun on the first gas transmission project to pipe Russian gas to China, the US$5bn, 4,000km Power of Siberia gas pipeline.

Russia to push on with Rosneft privatisation

The Russia government is still planning to privatise its portion of oil major Rosneft, despite US sanctions against the company and a depressed share price

Shell agrees Nigerian upstream disposals

Royal Dutch Shell has agreed sales for some of its oil field holdings in Nigeria as part of a larger divestment of assets in the country

BG Group report boosts Tanzania LNG plans

BG Group is one step closer to committing to a liquefied natural gas (LNG) project off the southern coast of Tanzania, after recording higher than expected results from a test well in the area

Total eyes Tapi pipeline role

French oil major Total has expressed an interest in being lead commercial sponsor on the 1,800km Turkmenistan–Afghanistan–Pakistan–India (Tapi) natural gas pipeline

Saudi Aramco to focus on upstream over next decade

Saudi Arabia's national oil and gas company Saudi Aramco expects to carry out around $40 billion in capital expenditure over the next 10 years to meet rising global demand

Lotos signs senior debt for B8 field

Polish oil producer and refiner Grupa Lotos has signed a $210 million senior debt financing with two Polish banks to support the development of its B8 oil field in the Baltic Sea

ORPIC names financial adviser for Liwa plastics

Oman Oil Refineries and Petroleum Industries Company (ORPIC) has named Sumitomo Mitsui Banking Corporation as its financial advisor for the $3.6 billion Liwa plastics complex projects, IJGlobal can exclusively reveal

Solveig Gas restructures bank and bond debt

Norwegian gas transmission owner Solveig Gas Norway has completed a NKr10.4 billion restructuring of its bond and bank debt.

Pemex awarded 83% of Mexico's probable reserves

In the results of the so-called "Round Zero" Pemex has been awarded 83% of Mexico's 2P proven and probable reserves and 21% of prospective reserves

Marathon wins Gabon offshore oil licence

Marathon Oil has been awarded an exploration and production sharing contract (EPSC) for Block G13 offshore of Gabon

Petrofac wins EPCC contract for Rapid refinery

Petrofac has been awarded an engineering, procurement, construction and commissioning (EPCC) for Petrnoas’ Refinery and Petrochemicals Integrated Development (Rapid) project in Pengerang, Johor, Malaysia

Cameron LNG targets September for first draw

Cameron LNG's liquefaction project in Louisiana expects to make first draw by late September on $7.42 billion in supporting debt, IJGlobal has learnt

BW Offshore signs on Catcher FPSO

The Norwegian-based vessel operator BW Offshore (BWO) has signed an $800 million credit facility with 13 international lenders for its floating production storage and offloading (FPSO) project in the UK North Sea

Noble and Delek to sell Tanin and Karish gas stakes

Israel’s Energy Ministry has declared the Tanin and Karish offshore gas fields proven discoveries, paving the way for their sale by stakeholders Delek Group and Noble Energy

Origin completes acquisition of Poseidon gas stake

Origin Energy has today (12 August 2014) completed the $800 million acquisition of a 40% interest in two offshore gas exploration permits in Western Australia’s Browse Basin from Australian-listed independent Karoon Gas