Latest Oil & Gas News

Top Story

Mexico "round one" tender drafts due this year - Sener

Mexico’s Energy Secretariat (Sener) has revealed it intends to publish draft documents for the public bidding round set to open the oil and gas sector up to private investment by the end of November 2014

Freeport train 1 debt details emerge

Six banks are involved in the debt for Freeport LNG’s first train in Texas, IJGlobal has learnt

Sierra O&G announces $525m equity commitments

Mexican exploration and production (E&P) company, Sierra Oil & Gas, has received $525 million in equity contributions from private equity firms

Sui set to issue Pakistani LNG tender

Sui Southern Gas Company (SSGC) will launch a tender for a second LNG terminal at Port Qasim, Pakistan, later this month, managing director Shoaib Warsi reportedly said

GIP sells its stake in Ruby Pipeline to Veresen

Global Infrastructure Partners (GIP) has agreed to sell its half stake in the Ruby Pipeline to Veresen, developer of the Jordan Cove export liquefied natural gas (LNG) project

Enbridge plans to drop down pipeline segment to MLP

Enbridge plans to sell a 66.7% stake in the US section of Alberta Clipper oil pipeline to its affiliate, Enbridge Energy Partners (EEP), for $900 million

Morgan Stanley fund to buy gas pipeline stake from ArcLight

Morgan Stanley Infrastructure Partners has signed an agreement to acquire ArcLight Capital’s approximate 41% equity stake in Eureka Hunter Holdings, a company that owns a 169km-natural gas pipeline in Ohio and West Virginia

PTT completes $22bn Vietnamese pet chem study

Thailand’s oil and gas conglomerate PTT has completed a draft feasibility study into a potential $22 billion fully integrated refinery and petrochemical complex in Bin Dinh, central Vietnam

OSX and OGX agree OSX 3 FPSO restructuring

Brazilian offshore services contractor OSX Brasil has closed a restructuring of the $500 million in bond debt on its OSX 3 floating production storage and offloading vessel

Conflict in Iraq halts Haditha-Aqaba pipeline

Ongoing fighting between the terrorist organisation Islamic State and government forces in Iraq has halted progress on the country's first project financing – the Haditha-Aqaba oil pipeline.

Adviser picked for Kuwait Clean Fuels Project

Kuwait National Petroleum Company (KNPC) has selected National Bank of Kuwait as its financial adviser for Clean Fuels Project, its upgrade scheme for two existing refineries in the country

Financing details emerge on Odebrecht Enagás GSP debt

Odebrecht and Enagás have mandated 12 lenders on a $4.1 billion mini-perm loan to finance the $7.328 billion Gasoducto Sur Peruano (GSP) pipeline project in southern Peru, IJGlobal can exclusively reveal

RFP out to banks for Petro Rabigh II

Saudi Aramco and Sumitomo Chemical Company, the co-sponsors of the Petro Rabigh project, have issued a request for proposals to banks for the financing of the second phase of the petrochemical and refinery complex

Dana Gas closes on Zora field development

Dana Gas has closed a $100 million project financing to fund the development of its Zora gas field off the coast of the United Arab Emirates

New Asia energy head at SG

Societe Generale has appointed Daniel Mallo as managing director for Natural Resources & Energy in its Hong Kong office

Port Qasim LNG terminal mandates banks

Elengy Terminal Pakistan (ETPL) has mandated National Bank of Pakistan, Askari Bank and NIB Bank Pakistan to provide around $50 million in project financing for the construction of an LNG terminal at Port Qasim

Deloitte makes oil & gas hire in Texas

Deloitte has hired Thomas Sloop, former head at Pace Global Energy, as the managing director in its Houston office