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Gujurat State Petroleum closes LNG financing

Gujurat State Petroleum (GSPC) has closed $566 million in financing for its $723 million five million tonne per annum (MMTPA) liquefied natural gas (LNG) facility in Mundra, Gujurat

ECP commits equity for Next Wave Energy Partners

Energy Capital Partners (ECP) has committed up to $500 million equity to Next Wave Energy Partners, a midstream and downstream-focused oil and gas company

BP foresees difficulties for third train at Tangguh LNG project

BP has said that it will be difficult to proceed with financing the $12 billion third LNG train at its Tangguh LNG project in Indonesia unless buyers can be found for the remaining 1.3 million tonnes per annum of total product the facility will produce

IFR forms Mexican subsidiary for oil and gas bidding

International Frontier Resources (IFR) announced yesterday (13 April 2015) that it has formed Mexican subsidiary Petro Frontera (Frontera) to participate in the country's initial oil and gas energy reform bidding round

Aramco and Sumitomo announce Petro Rabigh rights issue

Saudi Aramco and Sumitomo Chemical have announced the preparation of a rights issue for the Petro Rabigh petrochemicals plant, following their transfer of equity to project’s holding company

UKOG confirms massive oil find in the UK

Exploration firm UK Oil & Gas Investments (UKOG) confirmed yesterday (9 April 2015) that it has discovered 100 billion barrels of oil, one of Europe’s largest ever oil finds, in the Weald area near Gatwick in the south of England

Gazprom names DG for Russia-Turkey pipeline company

Gazprom’s Andrey Fick has been named director general of Gazprom Russkaya, the company Russian state-owned Gazprom has set up to deliver a gas pipeline from Russia to Turkey

Sterling takes full control of Cameroon’s Ntem field

Sterling Energy has completed the transfer of Murphy Oil’s 50% working interest in and operatorship of the Ntem oil and gas concession off the coast of Cameroon

Kosmos plans second Jubilee note refinancing

Kosmos Energy has priced a second high-yield note issue to refinance draws on its $1.5 billion corporate reserve-based loan which funds exploration of the offshore Jubilee gas field in Ghana

Soc Gen appoints oil and gas acquisitions MD

Societe Generale Corporate & Investment Banking has appointed Tony Atherton as managing director, senior technical adviser for oil and gas acquisitions and divestments in the bank’s corporate finance division

Israel approves Jordan gas sales agreement

The government of Israel has belatedly approved a sales agreement between the developers of the Tamar gas offshore field and Jordanian companies Arab Potash and its affiliate Jordan Bromine

Royal Dutch Shell to buy BG Group

Royal Dutch Shell has greed to buy BG Group in a deal that values the British oil and gas exploration company at £47 billion

Mexico's CFE tenders for Samalayuca-Sásabe pipeline

Mexico’s national electricity commission (CFE) has invited bids for the Samalayuca-Sásabe natural gas pipeline project to be built in the states of Sonora and Chihuahua

RT-Global Resources nears signing deadline on Ugandan Refinery

A joint venture between Taftneft and VTB Capital has around two more weeks to sign on the project documents for the $3 billion Uganda Refinery project, or risk losing preferred bidder status