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Statoil reshuffles board

Statoil is proposing to elect Øystein Løseth as new chair and Roy Franklin as a new member and deputy chair of the Norwegian oil multinational's board of directors

Vinci acquires Indonesian oil company

Vinci’s subsidary Entrepose has completed the acquisition of Indonesian oil & gas company Istana Karang Laut for an undisclosed fe

EXCLUSIVE Bank group emerges for El Encino-La Laguna pipeline

Fermaca has selected six banks to participate in the roughly $600 million short-term mini-perm loan to finance the construction of the El Encino-La Laguna natural gas pipeline in Mexico, IJGlobal has learnt

Elengy Terminal nears financial close

Elengy Terminal Pakistan (ETPL) expects to reach financial close next month on its liquefied natural gas (LNG) terminal at Port Qasim, Karachi

New Tamar gas sales to plug IEC shortfall

Several new sales and gas purchase agreements signed by the developers of the Tamar gas field in Israel should more than make up for any reduction in revenues caused by a cut in gas sold to Israel Electric Corporation (IEC), according to a new market note from ratings agency Moody’s

GE EFS and La Caisse to buy Southern Star

GE Energy Financial Services (GE EFS) and Caisse de dépôt et placement du Québec (La Caisse) have agreed to buy Southern Star from Morgan Stanley Infrastructure for an undisclosed price

Afren restructuring to cause massive equity dilution

Existing shareholders will end up with 14% of Afren under a recapitalisation plan that the distressed upstream oil & gas independent has agreed with its creditors

Financial close for Statoil Shah Deniz sale

Statoil has reached financial close on the sale of its 15.5% stake in the Shah Deniz gas project in Azerbaijan to Petronas for a total investment of $2.2 billion

UKOG’s Gatwick oil find hits hurdles

Exploration firm UK Oil & Gas Investments’ (UKOG) big oil find near Gatwick airport may not be all it seems, with the firm apparently lacking the necessary government approvals to proceed with development

Free EXCLUSIVE SNP would improve UK renewables

The Scottish National Party (SNP) would improve the UK as a destination for renewables investment, the Scottish Government’s energy minister Fergus Ewing told IJGlobal this morning (29 April)

Freeport LNG closes financing for train three

Freeport LNG closed on $4.56 billion in senior and mezzanine debt today (28 April 2015) for the third train of its liquefaction project in Texas

Pan American Energy approaches IFC for oil and gas debt

Pan American Energy has approached the International Finance Corporation (IFC) for a corporate loan facility of up to $400 million to partially fund the development of its oil and gas assets

Tullow to continue TEN development after arbitration ruling

London-listed Tullow Oil has said it will restart the development of its $4.9 billion TEN oil field project off the coast of Ghana, after a ruling by the International Tribunal of the Law of the Sea (ITLOS)

EXCLUSIVE Freeport LNG floats pricing for train 3

Price talk has emerged on the $3.7 billion debt backing the third train of the export Freeport liquefied natural gas (LNG) project in Texas

Sabine Oil & Gas misses interest payment

US upstream independent Sabine Oil & Gas has missed a $15.3 million interest payment on its second-lien term loan

Antin ups stake in CATS gas system in the North Sea

Antin Infrastructure Partners is to increase its stake in gas transmission business Central Area Transmission System (CATS), taking its ownership up to 99% of the North Sea asset