Latest Oil & Gas News

Top Story

Alaska LNG sponsors file export permit

The $45-65 billion Alaska LNG project has formally sought governmental permission to export liquefied natural gas

Savannah closes IPO for Niger exploration

Savannah Petroleum has completed a £29.3 million ($50 million) equity placement and listing on London's AIM market

Kuwait Energy closes high-yield refinancing

Kuwait Energy has closed on its $250 million high-yield bond refinancing. Bank of America Merrill Lynch led the five-year issue, which carries a 9.5% coupon, and ratings from both Fitch and Standard & Poor's of B-

Blackstone partners with Black Rhino for Africa investment

US-based asset management firm Blackstone has announced an agreement with developer Black Rhino to jointly target investment in large-scales infrastructure projects across Sub-Saharan Africa

First Reserve nears close on Asian floating production facilities

A First Reserve and Petrofac joint venture is edging towards financial close on a $225 million six year facility to refinance two floating production facilities in Malaysia and Thailand, IJGlobal has learnt

InfraMed considers specialised infrastructure funds

Paris-based InfraMed Infrastructure may launch sector specific funds alongside its single southern Mediterranean infrastructure fund, IJGlobal learnt

Magnolia LNG to launch debt financing early 2015

Sponsors of the Louisiana-based Magnolia export liquefied natural gas (LNG) project are planning to launch a $1.54 billion debt financing for the first stage of the project before the second quarter of 2015

South Korean military invests in Hastings' TIF fund

South Korea’s military welfare fund has invested $43 million in Hastings Funds Management's The Infrastructure Fund (TIF) to become the Australian fund’s first offshore investor.

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