Latest Oil & Gas News

Top Story

Sirius agrees equity and debt funding for Ororo field

Sirius Petroleum has agreed a $15 million convertible loan with Levant Energy Limited and raised roughly $15 million through a share placement to help fund the development of the Ororo oil field in Nigeria

PennDOT issues RFQ for CNG fuelling stations PPP

The Pennsylvania Department of Transportation (PennDOT) has issued a request for qualifications (RFQ) for development of compressed natural gas (CNG) fuelling stations at public transit agencies across the state

British Columbia approves three LNG projects

The British Columbia government granted environmental assessment approvals for three liquefied natural gas (LNG) projects in the province

UPDATE: Sponsors close Freeport LNG trains 1 & 2

Sponsors of Freeport LNG have closed $10.93 billion financing for trains one and two of their export liquefied natural gas (LNG) project in Texas this morning (25 November 2014), IJGlobal has learnt

IFC mulls financing for China Gas pipeline expansion

The IFC is considering lending $500 million to partially fund the roughly $1 billion expansion of China Gas’ gas pipeline distribution network in China

IEnova wins Ojinaga-El Encino tender

Mexico’s national electricity commission (CFE) has awarded the Ojinaga-El Encino natural gas pipeline project to Gasoducto de Aguaprieta, a subsidiary of Infraestructura Energética Nova (IEnova)

Total acquires Faroe Petroleum stake in Glenlivet gas field

French oil giant Total has completed its £10 million ($15.67 million) purchase of a 10% interest in the undeveloped Glenlivet gas field off the north-east coat of the UK from Faroe Petroleum

Ophir Energy agrees Salamander acquisition

Africa-focused oil and gas upstream independent Ophir Energy has agreed to acquire Asia-focused independent Salamander Energy in an all-share transaction worth £314 million

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