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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.

Stonepeak invests in midstream platform

Stonepeak Infrastructure Partners, the US-focused private equity firm, has committed to invest $500 million of equity in Houston-based Sage Midstream Ventures, the firm has announced

EPH cancels IPO, opts for private sale

Czech energy company Energeticky a Prumyslovy Holding (EPH) has cancelled an initial public offering (IPO) for one of its subsidiaries, announced only earlier this month, and hinted instead at selling equity in the business to a private buyer

Kuwait’s KNPC signs debt for Clean Fuels

The Kuwait National Petroleum Company (KNPC) has signed on KD1.2 billion ($3.98 billion) in debt for the first phase of its Clean Fuels project

ING picked for Russian fertilizer advisory role

The sponsor of the $2 billion, one million tonne per annum (mpta) Baltic Urea Plant in Russia has hired ING Bank as financial adviser to the project

CKI buys into new Canadian midstream JV

Husky Energy, the Canadian vertically integrated oil company, has agreed to sell a majority stake in its midstream assets to companies controlled by Hong Kong billionaire Li Ka-shing in a deal worth C$1.7 billion ($1.34 billion), the firms announced late on 25 April

ConEd to buy into Northeastern midstream network

Consolidated Edison has agreed to buy a 50% stake in a gas pipeline and storage network owned by Crestwood Energy Partners for $975 million

IFC, China-Mexico Fund approve Citla Energy investment

The International Finance Corporation (IFC) and the China-Mexico Fund (CMF), have agreed to invest $200 million in Citla Energy, a Mexican independent oil exploration and production company owned by ACON Investments

Nigeria tenders for refinery partner

Nigeria’s state-owned oil firm NNPC is tendering for partners to rehabilitate three of its refineries, according to tender notices

Eni downsizing Egypt upstream unit

The future of the Zohr gas field offshore Egypt looks uncertain as Eni now looks to cut jobs from its upstream unit in the country

Firms express interest in Hermosillo Mexico gas pipeline

Mexico's state power company CFE held a meeting last week to answer queries on the bid call for the Ramal Hermosillo Mexico natural gas pipeline project, at which 14 firms expressed their interest in the process

Saudi Aramco picks IPO advisors

Saudi Aramco has selected JPMorgan Chase & Co and Michael Klein to advise on the company’s planned initial public offering (IPO)

Noble to divest 15% of Leviathan

US oil firm Noble Energy is looking to divest up to 15% of its stake in the Leviathan gas field off the coast of Israel

Colonial First State concludes Vector Gas acquisition

Colonial First State Global Asset Management (CFSGAM)'s Global Diversified Infrastructure fund (GDIF) and Active Infrastructure Income fund (AIIF) have bought Vector Gas for NZ$952.5 million ($667.2 million)

Oman’s PDO seeks debt for projects

Majority state-owned Omani oil company Petroleum Development Oman (PDO) is seeking $2.5 billion in debt to fund its projects, according to reports

Norway launches energy white paper

Norway has launched a white paper on its future energy policy, which outlines the government’s plans to shift renewables subsidies to a market-based system

Aramco, Sinopec closes Yasref refinery loan

Saudi Aramco and China’s Sinopec have closed on a $4.7 billion syndicated loan, releasing some of their equity investment in the Yanbu Aramco Sinopec Refining Company (Yasref) project in Saudi Arabia

Delek Drilling, Avner consider merger

Delek Drilling and Avner Oil and Gas, both units of Israeli conglomerate Delek Group, are considering merging to take advantage of overlapping assets and activities

GE EFS appoints new debt head

GE Energy Financial Services has promoted managing director Denise Persau Tait to head of its debt group, the firm announced on 14 April

Bancomext, EKF to cooperate on Mexican projects

Banco Nacional de Comercio Exterior (Bancomext) has signed an agreement with Danish export credit agency EKF to evaluate investment opportunities principally in the Mexican energy sector

Norway's government pension fund excludes 52 coal companies

Norway's central bank Norges has decided to exclude 52 companies from the Government Pension Fund Global (GPFG) under the sovereign wealth fund's new guidelines on investing in coal companies.

CDP and SACE plan Iranian infrastructure credit lines

Cassa Depositi e Prestiti (CDP) and Italian export credit agency SACE have agreed to extend €4 billion ($4.5 billion) in credit lines to fund infrastructure projects in Iran