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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

ECP commits equity for Next Wave Energy Partners

Energy Capital Partners (ECP) has committed up to $500 million equity to Next Wave Energy Partners, a midstream and downstream-focused oil and gas company

BP foresees difficulties for third train at Tangguh LNG project

BP has said that it will be difficult to proceed with financing the $12 billion third LNG train at its Tangguh LNG project in Indonesia unless buyers can be found for the remaining 1.3 million tonnes per annum of total product the facility will produce

IFR forms Mexican subsidiary for oil and gas bidding

International Frontier Resources (IFR) announced yesterday (13 April 2015) that it has formed Mexican subsidiary Petro Frontera (Frontera) to participate in the country's initial oil and gas energy reform bidding round

Aramco and Sumitomo announce Petro Rabigh rights issue

Saudi Aramco and Sumitomo Chemical have announced the preparation of a rights issue for the Petro Rabigh petrochemicals plant, following their transfer of equity to project’s holding company

UKOG confirms massive oil find in the UK

Exploration firm UK Oil & Gas Investments (UKOG) confirmed yesterday (9 April 2015) that it has discovered 100 billion barrels of oil, one of Europe’s largest ever oil finds, in the Weald area near Gatwick in the south of England