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Morocco announces new LNG terminal plan

The Moroccon government has revived the prospects of a liquefied natural gas (LNG) terminal in the country, as part of a new national plan to increase gas imports

Pemex, Cydsa in Mexico LPG storage deal

Mexico's state-owned oil company Petróleos Mexicanos (Pemex) has signed an agreement with Cydsa for the development of a $130 million liquefied petroleum gas(LPG) underground storage project in Coatzacoalcos, in Veracruz state

Vitol to provide debt for Fortune Oil buyout

Commodities trader Vitol will support the £388 million ($607 million) buy-out of Fortune Oil by providing a £360 million debt facility

Woodside delays decision on Browse LNG

Woodside Petroleum has delayed a final investment decision on its proposed Browse floating LNG project until mid-2016

IFC leads $380m Pacific Midstream investment

The International Finance Corporation (IFC) and a consortium of investors, including the IFC Global Infrastructure Fund, have agreed to invest a total $380 million in Colombian pipeline and power transmission company Pacific Midstream

Fermaca awarded El Encino-La Laguna pipeline

Mexico's federal electricity commission (CFE) has awarded the El Encino - La Laguna natural gas pipeline project in Durango state to Fermaca

Orpic signs on Muscat-Sohar pipeline

Orpic Logistics Company (OLC) has signed on roughly $224 million of debt for the construction of a new multi-product oil and gas pipeline between Muscat and Sohar

Mexico launches Round One O&G auction

Mexico’s National Hydrocarbons Commission (CNH) published the bidding guidelines Thursday (11 December 2014) for its Round One auction for 14 shallow water exploration blocks

UK launches first power capacity auction

The UK's first power capacity auctions begin today (16 December 2014), with the government looking to procure an additional 48.6GW to be connected to the grid by the final quarter of 2018/first quarter of 2019

Woodside Petroleum to buy Apache’s LNG stakes

Australian energy company Woodside Petroleum has agreed to buy Apache’s interest in two liquefied natural gas (LNG) projects for $2.75 billion

RWE weighs up DEA sale without UK comfort letter

German utility RWE is still working to close the sale of its oil and gas unit to Russian fund LetterOne Group without the issue of a comfort letter from the UK Department of Energy and Climate Change

Cheniere names lenders for Corpus Christi LNG

Cheniere has chosen 18 banks as joint lead arrangers for the $11.5 billion debt backing the Corpus Christi export liquefied natural gas (LNG) project in Texas

Origin Energy extends bank facility

Australia’s Origin Energy has amended the terms of its loan facilities to provide a liquidity buffer for its APLNG project

Donggi-Senoro close pushed back slightly

The sponsors for the $2.8 billion Donggi-Senoro LNG project in Indonesia are expecting to draw on the debt at the beginning of next year

Pakistan’s Port Qasim LNG nears signing

Elengy Terminal Pakistan (ETPL) is set to sign and close financing in early January 2015 for the construction of an LNG terminal at Port Qasim in Pakistan, IJGlobal understands

Jordan government defends Leviathan deal

The Jordanian government has responded to criticisms from its national parliament over a deal to import gas from Israel’s giant Leviathan offshore development

Pertamina selects partners for refinery upgrades

Pertamina has selected Sinopec of Japan, Saudi Aramco of Saudi Arabia, PTT of Thailand and Japan’s Nippon Oil & Energy Corporation for the $20 billion upgrade of its existing refineries

UIL walks away from Philadelphia Gas acquisition

UIL Holdings terminated the agreement to buy Philadelphia Gas Works on 4 December, after Philadelphia’s City Council refused to approve the sale