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.

Fitch downgrades several Brazilian construction companies

Fitch has downgraded the ratings of three Brazilian engineering and construction (E&C) companies, following a number of recent corruption scandals in the country involving contractors

Israel postpones vote on Leviathan gas antitrust issues

The future ownership of the Leviathan and Tamar offshore natural gas fields remains in doubt, after a vote on circumventing antitrust regulation in the Israeli parliament was suspended

UPDATE: Cheniere closes on Sabine Pass liquefaction

Cheniere Energy Partners has closed debt backing the Sabine Pass export liquefied natural gas (LNG) project in Louisiana today (30 June 2015), IJGlobal has learnt

Hogan Lovells energy partners leave for Orrick

Hogan Lovells energy partners Matthew Williams, John Deacon and Edward Humphries will join law firm Orrick as partners in its London office

Lancashire votes against Cuadrilla’s fracking plans

Lancashire County Council’s Development Control Committee has voted to reject planning consent for Cuadrilla’s application to explore for shale gas at the Preston New Road site in Lancashire

Ratch, PTT sign MoU for Myanmar FRSU

PTT has signed a memorandum of understanding with Ratchaburi to invest in a floating storage and regasification unit in Myanmar

Tapi aims to appoint commercial sponsor by September

The four governments planning the proposed 1,800km Turkmenistan-Afghanistan-Pakistan-India (Tapi) natural gas pipeline aim to appoint a commercial sponsor by 1 September 2015.

Mexico's CFE announces new energy projects

Mexico’s national electricity commission (CFE) said yesterday (22 June 2015) that it plans to tender 24 energy infrastructure projects, which call for for approximately $9.8 billion of new investment

Tullow settles Uganda tax dispute

Tullow Oil has agreed a payment of $250 million to the government of Uganda to settle a capital gains tax dispute in relation to the farm-down of its shareholding in the Lake Albert oil and gas licences

Russian petrochemical project attracts new financing

A consortium led by the Russian Direct Investment Fund (RDIF) is to invest $3.3 billion in the construction of Russian gas and petrochemical business Sibur’s $9.5 billion ZapSibNeftekhim petrochemical project in Tobolsk, Russia

Malta LNG-to-power faces investigation

The financing of the €370 million ($416 million), 210MW Malta liquefied natural gas-to-power project has run into difficulties over a dispute over a state debt guarantee

Sempra Energy finalises MLP plan

Sempra Energy has announced that it will move forward with its plan to form a master limited partnership

Sound Oil agrees farm-in for Tendara offshore

UK-listed oil and gas exploration and production company Sound Oil has agreed a farm-in agreement under which it would acquire 55% of the offshore Tendrara licence from the Moroccan Oil and Gas Investment Fund

Brookfield to buy Niska Gas Storage

Brookfield Infrastructure has agreed to buy Niska Gas Storage from a Carlyle- and Riverstone-led group of investors for $911.9 million

EXCLUSIVE Infracapital to buy Slovakian gas business

Infracapital, the infrastructure investment arm of M&G, is planning to acquire Slovakian gas power and heat business GGE for around €108 million ($121.1 million) , IJGlobal understands

Dalma Energy closes with two on Saudi rigs

Dalma Energy has closed a $77.5 million syndicated loan with two banks to support the construction of three drilling rigs for use in Saudi Arabia

Amerisur inks pipeline deal with Petroamazonas

Oil and gas producer Amerisur Resources has signed an agreement with Petroamazonas for construction and use of the interconnector pipeline between Ecuador and Colombia