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.

EXCLUSIVE Orpic assembles banks for Liwa Plastics debt syndication

Oman Oil Refineries and Petroleum Corporation (Orpic) has assembled a 30-strong list of local and international banks to bid on the $2 billion debt syndication for its $5.2 billion Liwa Plastics Complex project

Graña y Montero to invest in Peru's GSP pipeline

Graña y Montero has agreed to invest a 20% stake in the shareholder equity of Gasoducto Sur Peruano natural gas pipeline project for approximately $215 million

Singapore’s Jurong Aromatics enters receivership

Jurong Aromatics Corporation (JAC) has been placed into receivership, according to a filing with the Singaporean accounting authority made by restructuring firm Borrelli Walsh

Statoil buys UK oil and gas field stake

Norwegian oil and gas business Statoil has agreed to buy a 24% equity stake in a major in-development North Sea oil field from British oil producer First Oil for $15 million

Redexis Gas to buy Spanish gas assets from ailing Repsol

Spain's Redexis Gas is to buy a major gas distribution network and a series of liquefied petroleum gas (LPG) connection points from fellow Iberian business Repsol for €136 million ($152.1 million)

Bids due for Santos asset sale

Australian oil & gas producer Santos, and its advisers Deutsche and Lazard, have asked bidders to submit indicative proposals for its asset sale by 6 October 2015

Petroceltic to resurrect bond issue

Dublin-headquartered oil exploration and production firm Petroceltic is intending to resurrect its bond issue of up to $175 million, it said today (30 September 2015)

Shell abandons Arctic drilling in Alaska

Anglo-Dutch oil and gas major Shell has called off its attempts to drill for oil in the Alaskan Arctic, citing “disappointing” exploration results

Golar LNG signs conversion loan

Golar LNG has signed a $960 million conversion financing with China State Shipbuilding Corporation (CSSC) for its Golar Hilli floating LNG unit

Ardian acquires Repsol's stake in Spanish oil network CLH

The French investment fund manager Ardian has acquired a 10% stake in the fuel distribution network Compania Logistica de Hidrocarburos (CLH) Group from energy company Repsol, bringing its shareholding to 25%

Antin IP hires two directors

Paris-based Antin Infrastructure Partners has hired Aurélie Edus and Robert Segessenmann as directors, it said in a statement today (24 September 2015)

Watson Farley & Williams hires counsel in Milan

Watson Farley & Williams has hired Nunzio Bicchieri from Ashurst to work as of counsel in its Milan-based infrastructure and administrative practice

Saudi Aramco appoints Nasser as CEO and president

State-owned firm Saudi Arabian Oil Co – better known as Saudi Aramco – has appointed acting president and chief executive officer (CEO) Amin Nasser to those positions on a permanent basis, Aramco said in a statement

EXCLUSIVE Syndication nears for Waha gas pipelines

Energy Transfer Partners, Mastec and Carso Energy are nearing launch on the syndication of $1.1 billion debt backing the Waha- Presidio and Waha-San Elizario gas pipelines in Texas, IJGlobal has learnt

NBE and NBAD advising on Midor refinery expansion

The National Bank of Egypt (NBE) and the National Bank of Abu Dhabi (NBAD) have been appointed financial advisers for the Middle East Oil Refinery Company’s (MIDOR) $1.4 billion refinery expansion project

EXCLUSIVE ONEOK and Fermaca sign on Roadrunner pipeline

ONEOK Partners and Fermaca have signed debt backing the Roadrunner US-to-Mexico gas pipeline project, IJGlobal has learnt

Ichythys LNG faces cost overruns and delays

Inpex, the operator of the Ichthys LNG project in Australia, has advised that the project will start production around nine months behind schedule and cost around 10% more than originally forecast

Carso wins Samalayuca-Sásabe Mexico gas pipeline

A consortium comprising Carlos Slim’s Carso Electric and Promotora del Desarrollo de América Latina has won the contract to develop the 650km Samalayuca-Sásabe natural gas pipeline project in Mexico