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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.

Italy's Snam to join DESFA acquisition

Italian natural gas infrastructure manager Snam has agreed to acquire 17% of Greece’s national natural gas system operator DESFA

Downeast LNG project up for sale

The chairman of the in-development Downeast liquefied natural gas (LNG) project, George Petrides, has announced that the board and shareholders plan to put the project company up for sale on 1 July 2016

EXCLUSIVE Trans Adriatic Pipeline plans 2016 commercial debt raise

The sponsors of the €5.6 billion ($6.2 billion) Trans Adriatic Pipeline (TAP) gas pipeline project are planning to begin active talks with commercial banks later this year

Oil Search and Total in PNG natural gas deal

Australia’s Oil Search has announced it will acquire InterOil, a Papua New Guinea LNG developer, and then sell on some of InterOil’s interests in the Elk/Antelope gas field to Total.

Cheniere closes Corpus Christi bond refi

Cheniere has closed an upsized $1.25 bond issue to repay bank debt on its Corpus Christi LNG project in Texas

Pemex sells Swiss bonds

Mexico's state-owned oil and gas company Pemex has placed Swfr375 million in the international capital markets to finance strategic investment projects. UBS and Credit Suisse underwrote the issuance

Russia approves Bashneft sale

Russia’s president Vladmir Putin has approved the sale of 50% of the medium-sized state oil company Bashneft

Norway hands out Arctic oil drilling licences

The Norwegian government has awarded oil drilling licences in untapped areas of its Arctic seabed for exploration to thirteen companies

Commodity trading startup buys Indiana gasification

Phibro, the investment and commodity trading company, closed on 17 May the acquisition of a coal gasification plant in Indiana from Wabash Valley Power Association

Peter J Solomon goes into energy advisory

Peter J Solomon Company, the privately held US investment bank, is to expand into energy advisory with three hires from other banks, the firm announced on 18 May

Range Resources, Memorial Resource Development merge

US oil and natural gas producers Range Resources Corporation and Memorial Resource Development (MRD) have announced approval from their boards for a $4.4 billion merger

Statoil turns to Turkey onshore gas exploration

Norwegian oil giant Statoil has entered a binding letter agreement into two gas exploration licenses in the Thrace region in the European north-western part of Turkey

ADNOC reshuffles leadership

Abu Dhabi National Oil Company (ADNOC) has reshuffled its leadership, naming new directors of its refining and gas divisions as well as other changes

Worldview to takeover Petroceltic

Irish administrators have recommended ownership of struggling oil and gas company Petroceltic be handed over to Worldview, the groups largest shareholder

AWE rejects Lone Star takeover offer

Australian oil and gas company AWE has rejected private equity fund Lone Star’s A$421 million ($311 million) unsolicited takeover bid

DONG Energy announces summer share float plans

Danish utility DONG Energy has said the long-mooted initial public offering (IPO) of its shares could launch on the Nasdaq Copenhagen market this summer

Cheniere Energy hires CEO from Calpine

Cheniere Energy has appointed Jack Fusco as its permanent chief executive, the LNG developer announced on 12 May

Mitsui, Gas Sayago resume Uruguay LNG charter negotiations

Mitsui O.S.K. Lines and Gas Sayago have agreed to resume negotiations of a charter contract for the floating storage and regasification unit (FSRU) project in Montevideo, Uruguay, led by Gas Sayago

Cameron LNG to launch expansion financing

The Sempra Energy-led consortium is preparing to launch debt financing for the Cameron LNG expansion project in Louisiana, IJGlobal understands

Chile's Copec acquires Repsol LPG assets in Peru, Ecuador

Abastible, a subsidiary of Chilean holding company Empresas Copec, has acquired all of Repsol’s liquid petroleum gas (LPG) operations in Peru and Ecuador for $264 million and $33 million respectively

Axion signs financing for Argentine refinery

Axion Energy has signed a $378 million financing package with the International Finance Corporation (IFC) and a syndicate of banks to expand and upgrade its Campana Refinery in Argentina

Cheniere plans Corpus Christi bond refinancing

A Cheniere Energy subsidiary is to issue a $1 billion bond to refinance part of the debt on its Corpus Christi LNG project in Texas, the LNG developer announced on 10 May

Ashurst hires Africa partner

International law firm Ashurst has hired Yann Alix as a partner in its resources team