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Transform Exploration seeks equity for Papua licenses

Transform Exploration has approached the International Finance Corporation for a A$21.5 million ($19 million) equity investment to help fund its development programme offshore Papua New Guinea

Afren breaches Ebok production covenant

Upstream oil and gas developer Afren has received a waiver from its lenders following a breach of production covenant for its Ebok oil field in Nigeria

Governments aim to begin TAPI construction in 2015

The governments of Turkmenistan, Afghanistan, Pakistan and India plan to start work in 2015 on the proposed 1,800km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline

Petronas mulls financing for Malaysia's RAPID

Petronas has still yet to decide on how it expects to fund the M$60 billion refinery and petrochemical integrated development complex

Schahin Oil & Gas delays drill-ship refinancing

Schahin Oil & Gas has delayed a refinancing of the holding company debt for its drill-ship fleet, and is keeping its bridge financing in place

Primeline signs Chinese offshore gas project financing

Primeline Energy Holdings has signed $247 million in project financing for its LS36-1 offshore gas production project in the Lishui Basin in the East China Sea

Chinese banks to provide Mexican O&G financing

Two Chinese financial institutions have inked agreements with Petróleos Mexicanos (Pemex) to facilitate access to financing for both Pemex and other companies for infrastructure projects and upstream activities

Bank allocations in for Petro Rabigh II

Saudi Aramco and Sumitomo Chemical Company have set the debt allocations for the lenders on their roughly $7 billion Petro Rabigh II petrochemicals project in Saudi Arabia

InfraVia buys Dutch offshore gas transmission stake

InfraVia European Fund II has acquired a 20% stake in Noordgastransport (NGT), a natural gas transportation system in the Dutch sector of the North Sea from from GDF Suez

Green Dragon issues bond to fund drilling in China

London listed Green Dragon Gas (GDG) has raised $88 million through its debut public corporate bond to finance the drilling of 50 wells at the commercial gas production block Shizhuang South in Shanxi province, China

Egypt to tender oil and gas pre-export facility

The Egyptian government has confirmed it intention to launch a tender for a $2 billion pre-export finance facility to help fund the repayment of outstanding debts to international oil companies

TAPI project company formed

The state gas companies of Turkmenistan, Afghanistan, Pakistan, and India have established a company that will build, own and operate the 1800km Turkmenistan-Afghanistan-Pakistan-India (TAPI) natural gas pipeline

Firth of Forth coal gasification estimates released

Oil and gas developer Cluff Natural Resources said it has an estimated 335 million tonnes of coal available within its 100% owned Kincardine licence in the Firth of Forth, Scotland

Bumi’s Indonesian FPSO contract issues stretch on

Bumi Armada has approached international banks for $400 million in debt for its slated $1.2 billion Madura floating production, storage and offloading project in Indonesia, IJGlobal understands