Latest Oil & Gas News

Top Story

Tullow’s Ugandan tax judgement upheld

The Court of Appeal in London has today upheld all but one of the High Court judgements which ordered Heritage Oil and Gas to pay Tullow Oil $345.8 million for a tax bill related to Ugandan oil assets

Kosmos launches Jubilee note refinancing

Kosmos Energy has launched a $300 million seven-year high-yield note issue to refinance draws on its reserves-based loan

Kurdistan rejects Dana Gas arbitration ruling

Kurdistan Regional Government of Iraq (KRG) has rejected a ruling by London Court of International Arbitration for it to pay Dana Gas $80 million in interim relief in connection to unpaid gas sales

GNL Quintero nears bond issue for Chilean re-gas terminal

Chilean re-gasification terminal GNL Quintero is preparing to issue up to $1.104 billion of 15-year fully amortising senior unsecured notes primarily to refinance existing project debt

F2i and Ardian close 2iRG refinancing

F2i and Ardian have closed a €1.35 billion initial issue under the €3 billion Euro medium-term note programme of gas distributor 2i Rete Gas

GIP buys stake in Freeport LNG

Global Infrastructure Partners (GIP) has agreed to acquire a 25% stake in Freeport LNG, developer of the Texas-based export liquefied natural gas (LNG) project for $850 million

BG Group sells CATS gas pipeline to Antin

BG Group has completed the sale of its majority equity interest in the Central Area Transmission System (CATS) gas pipeline

Kuwait Energy plans high-yield note issue

Middle Eastern oil and gas independent Kuwait Energy plans to use the proceeds of a proposed high-yield note issue to refinance draws on its reserves-based facilities and fund future developments

US DoE tweaks rules for loan guarantee programme

The US Department of Energy (DoE) has added a credit-based interest spread to certain loans fully backed by its 1703 loan guarantee programme and funded by the US Federal Financing Bank

Bond issue imminent on Net4Gas refinancing

Allianz and Borealis Infrastructure will imminently launch more than €400 million in bonds as part of a €1.25 billion ($1.7 billion) refinancing of their 2013 Net4Gas acquisition

KKR and Riverstone to merge assets

KKR and Riverstone Holdings have agreed to merge their affiliates’ assets to create a new oil and gas company, Trinity River Energy