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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

EXCLUSIVE TIGF gas grid owners plan acquisition debt refinancing

The owners of TIGF are set to approach lenders to refinance the €370 million ($396.7 million) acquisition debt for the French gas grid asset, IJGlobal understands

UK to force LetterOne to divest North Sea assets

The UK government is threatening to revoke RWE Dea’s North Sea petroleum licenses unless LetterOne – the fund owned by Russian billionaire Mikhail Fridman which acquired the assets earlier this year – arranges a further change of control of the fields

Repsol makes third Illizi gas discovery

Spanish oil and gas producer Repsol has made a third gas discovery in Algeria’s onshore Illizi basin

Orpic prepares PIM for Liwa Plastics

Oman Oil Refineries and Petroleum Industries Company (Orpic) expects to issue a preliminary information memorandum for the financing of its $3.6 billion Liwa Plastics project to export credit agencies within the next two weeks

Petrobras agrees platform sale-leaseback

Brazil’s troubled national oil company Petrobras has agreed a $3 billion sale-leaseback for a collection of oil production platforms with Standard Chartered

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