Latest Oil & Gas News

Top Story

CFE invites bids for Tuxpan-Tula gas pipeline

Mexico’s state-owned power utility the Comisión Federal de Electricidad (CFE) has invited bids for the 263km Tuxpan-Tula natural gas pipeline

Afren defaults on bonds and defers on Ebok RBL

Stricken African oil & gas independent Afren has decided not to make a $15 million coupon payment on its high-yield bonds due 2016

UK gives LetterOne deadline over RWE Dea acquisition

UK Energy Secretary Edward Davey has given Russian investment firm LetterOne Group a seven-day deadline to justify its acquisition of German utility RWE’s oil and gas arm, which owns UK North Sea oil and gas assets

IFC approves debt and equity for Tian Lun Gas capex

The board of the International Finance Corporation has approved a debt and equity package of up to $210 million to fund the capital expenditure programme that China Tian Lun Gas (TLG) will carry out over the next four years

Chevron wins environmental approval for Gorgon LNG train 4

Western Australia’s Environmental Protection Authority has recommended that the state's Minister for Environment approve the development of a fourth train at the Gorgon liquefied natural gas (LNG) project

Coates returns as Santos chairman

Peter Coates has returned to the position of chairman at Australian oil & gas exploration and production company Santos

Det Norske writes down Marathon Oil acquisition

Norwegian oil producer Det Norske will cut a further $100 million from its budget for 2015 and has recorded a $319 million impairment on its $2.65 billion acquisition of Marathon Oil Norge

EXCLUSIVE Freeport LNG launches debt for third train

Sponsors of Freeport LNG have launched roughly $4 billion debt backing train three of the export liquefied natural gas (LNG) project in Texas, IJGlobal has learnt

Kalla seeks adviser on West Java LNG import

The Kalla Group has called for proposals to advise it on the development of its West Java LNG receiving terminal in Indonesia

Northern Territory receives nine pipeline proposals

Nine firms are understood to have sumbitted proposals to Australia’s Northern Territory government for its 1,000km Northern Territory gas pipeline project

LetterOne closes on RWE Dea despite UK opposition

Russian investor LetterOne Group said it has closed the €5.1 billion ($5.7 billion) acquisition of German utility RWE’s oil and gas assets today (2 March)

Aramco/Sumitomo sign on Petro Rabigh II

Saudi Aramco and Sumitomo Chemical Company have signed financing documents for the $7 billion Petro Rabigh II petrochemicals project in Saudi Arabia

Cheniere to issue $2bn bond for Sabine Pass

Cheniere Energy Partners is planning to issue another $2 billion in bonds to finance the Sabine Pass Liquefaction project in Cameron pass, Louisiana

Iberdrola USA and UIL Holdings to merge

Spanish utility Iberdrola's US subsidiary and the New England-based utility UIL Holdings have agreed to merge

Santos appoints adviser for GLNG pipeline sale

Santos, one of the sponsors for the Gladstone LNG project in Australia, has appointed Goldman Sachs to advise on the sale of its pipeline infrastructure

EXCLUSIVE SBM plots April close with ECAs on Saquarema FPSO

SBM Offshore plans to close a $1.55 billion financing for the Cidade de Saquarema floating production, storage and offloading vessel by the end of April

Orca to use equity for Songo Songo gas expansion

Toronto-listed oil and gas independent Orca Exploration has approached the International Finance Corporation for $60 million in equity funding for an expansion to the Songo Songo gas field offshore TanzaniaOrca to use equity for Songo Songo gas expansion

EXCLUSIVE Commitments in for Los Ramones Norte syndication

Six commercial banks have submitted debt commitments for the syndication of a $1.276 billion senior credit facility for the Los Ramones Norte pipeline in Mexico, IJGlobal can exclusively reveal

Cameron LNG plans two additional trains

Sponsors of the Cameron export liquefied natural gas (LNG) project have asked the Federal Energy Regulatory Commission (FERC) for permission to add two additional trains to their planned three-train facility in Hackberry, Louisiana

Solo oil closes on Kiliwani gas-field buy-in

Solo Oil and Aminex have announced today that they have completed the sale from the latter to the former of up to a 13% stake in the Kiliwani gas field in Tanzania

Orpic pre-qualifies for Liwa Plastics EPC contracts

Oman Oil Refineries and Petroleum Industries Company (Orpic) has prequalified contractors for the four engineering, procurement and construction packages for its greenfield $3.6 billion Liwa Plastics project

LGO Energy signs with BNP on Goudron

London-listed oil & gas independent LGO Energy has closed a $25 million oil swap facility with BNP Paribas to fund development at its Goudron field in Trinidad