Latest Oil & Gas News

Top Story

Six compete for $400m Mexico gas pipeline

Six groups have submitted technical and economic bids for the Ps5.160 billion ($395 million) Ojinaga–El Encino natural gas pipeline project

UK blocks RWE Dea sale to Russian fund

The UK government has blocked the €5.1 billion (US$7.1bn) sale of RWE’s Dea oil and gas assets to a Russian fund

TAP tenders for onshore pipeline contract

The sponsors of the 870km Trans Adriatic Pipeline (TAP) have issued an invitation to tender for the construction of the onshore section of the project

Gas Natural Fenosa offers US$3.3bn for Chile's CGE

Gas Natural Fenosa, the listed Spanish power and gas utility, has agreed to buy Chile’s Compañia General de Electricidad, the largest integrated utility firm in South America, in a €2.6 billion (US$3.3bn) deal

SMBC advising on Abadi LNG

SMBC is acting as financial advisor to the sponsor’s on the Abadi LNG project in Indonesia

Statoil boss to leave for BG Group

Statoil chief executive Helge Lund is to leave the Norwegian energy business to take up the same role at British oil multinational BG Group

Sempra closes Cameron LNG debt

A Sempra Energy led consortium has closed a $7.42 billion debt facility for the Cameron export liquefied natural gas (LNG) project in Louisiana, IJGlobal has learnt

Odebrecht wins Libra FPSO award

Odebrecht's 50:50 joint venture with Teekay Offshore has won the mandate to build a floating production storage and offloading (FPSO) unit in the Libra pre-salt field in the Santos Basin in offshore Brazil

Sete nears close on first long-term takeout

Oil rig provider Sete Brasil is nearing close on the long-term financing for the $7.5 billion first batch of nine vessels for its large-scale chartering project to state-owned oil company Petrobras, IJGlobal can reveal

Energy disputes partner joins Squire Patton Boggs

Squire Patton Boggs has announced the appointment of international dispute resolution partner Ben Holland, who has joined the firm from Covington & Burling

ATCO to build Mexican natural gas pipeline

The Mexican subsidiary of Canadian construction firm ATCO has won the 25-year concession to build the $50 million Ramal-Tula natural gas pipeline in Hidalgo state

Debt details emerge on PetroFirst's FPSO refinancing

Banks on PetroFirst Infrastructure's $225 million six-year facility have been disclosed. The loan is refinancing two floating production facilities in Malaysia and Thailand

Cheniere launches $11.5 billion debt for Corpus Christi LNG

Cheniere has launched a joint lead arranger round for an $11.5 billion debt financing backing all three trains of the Corpus Christi export liquefied natural gas (LNG) project in Texas, IJGlobal has learnt

Siam seeks lenders for Long Son refinery

The consortium developing Vietnam’s $4.5 billion Long Son refinery is expected to issue a request for proposals (RFP) in the next few weeks to seek financing, IJGlobal understands

Cairn makes Senegal’s first major offshore discovery

An investment group led by London-listed Cairn Energy has announced the first major oil discovery off the coast of Senegal after drilling 100km from shore in the Sangomar Deep block

Trafigura renews US borrowing base after Buckeye sale

Trafigura has renewed, increased and extended its US borrowing base facility, two weeks after selling 80% of its Corpus Christi gas terminal and gathering assets