Latest Oil & Gas News

Top Story

Sasol picks adviser for Louisiana derivatives complex

Sasol has mandated Royal Bank of Scotland (RBS) as financial adviser for a $5-7 billion ethane cracker and derivatives complex in Louisiana, IJGlobal has learned.

Ardian opens office in Madrid

French private investment company Ardian has opened a new office in Madrid, Spain, its 11th office worldwide

Eni discovers large offshore gas field in Egypt

Italian energy firm Eni has discovered a “supergiant” gas field off Egypt’s coast thought to be the country’s biggest gas discovery and the largest ever found in the Mediterranean Sea

Minter Ellison hires in Perth

Minter Ellison has hired John King as a senior legal consultant in its Perth office

LNG Chile awards regasification contracts

Three power generators in Chile have won regasification contracts for liquefied natural gas from LNG Chile, owner of the GNL Quintero terminal

Palisade closes NQGP acquisition financing

Palisade Investments has closed a A$115 million financing to acquire the North Queensland gas pipeline from Victoria Funds Management Corporation

Odebrecht nears first disbursement on FPSO Libra

Odebrecht and Teekay Offshore Partners are expected to make first draw on a 10-year $804 million facility for the Libra floating, production, storage and offloading facility (FPSO) in mid-September 2015

Advisers mandated for PNG LNG

ExxonMobil, the operator of the PNG LNG project in Papua New Guinea, has appointed Credit Agricole and Milbank as financial and legal advisers for the $15 billion expansion

Pertamina issues RFP for refinery upgrade advisory

Indonesian state-owned oil & gas company Pertamina has issued a request for proposals from banks for the advisory mandate on the roughly $25 billion upgrade of its existing refineries

Norway's Johan Sverdrup oil project approved

Norway’s ministry of petroleum and energy has approved the NKr 117 billion ($14.3 billion) first phase of the Johan Sverdrup oil and gas field development in the North Sea

Santos’ CEO departs

David Knox has departed as chief executive of Australian oil & gas producer Santos

Texas LNG picks financial adviser

Texas LNG has mandated BNP Paribas as financial adviser for the $1.3 billion export liquefied natural gas (LNG) project in Texas

NextEra, Southern Star to form JV for gas pipeline

An affiliate of NextEra Energy and Southern Star Central Corp. have signed a letter of intent to form a joint venture to build and own the Sooner Trails Pipeline

Amber Grid signs debt for Lithuanian gas pipeline

Sponsor Amber Grid has signed a €32 million ($35.7 million) loan agreement with the Nordic Investment Bank for the construction of its €63.7 million Klaipeda-Kursenai gas transmission pipeline in Lithuania

Bear Head LNG, Goldboro LNG receive import and export permit

Canada’s National Energy Board has authorised two liquefaction projects in Nova Scotia to import natural gas from the US and to export liquefied natural gas (LNG) globally – Liquefied Natural Gas Limited’s Bear Head LNG and Pieridae Energy’s Goldboro LNG