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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.

Indonesia to develop Bontang oil refinery as PPP

Sudirman Said, Indonesia’s Minister of Energy and Mineral Resources, has announced that the government is seeking to develop the $14.5 billion Bontang oil refinery as a PPP

Petroceltic’s lenders extend repayment deadline

Dublin-headquartered oil exploration and production firm Petroceltic’s lenders have once again waived repayments, granting the firm more time to pay its debts

Mexican president appoints new CEO for Pemex

Mexico’s president Enrique Peña Nieto has named a new chief executive officer of state-owned oil and gas company, Pemex, amid a worsening oil crisis that has caused the company to lose millions

ICA misses third interest payment since December

Mexican construction firm Empresas ICA said on Thursday (4 February 2016) that it would not pay the approximately $22 million interest payment that was due on the firm’s 8.9% senior notes due 2021

Shell pushes back LNG Canada

Royal Dutch Shell has decided to postpone the final investment decision on the estimated $25-40 billion LNG Canada project in British Columbia, in which it holds a 50% stake

Haynes and Boone hires Mexico energy lawyer

Haynes and Boone has hired Nicolas Borda as partner in the energy, power and natural resources practice group in the Mexico City office

Australia’s AGL exits upstream gas business

Australia’s AGL Energy has opted to exit the upstream gas business citing “volatility of commodity prices and long development lead times"

KKR announces reshuffle as Lipschulz leaves

Marc Lipschultz is to step down as head of energy and infrastructure at private equity firm KKR this month in order to join a new debt fund, the executive has reportedly confirmed

Dominion raises debt pending Questar acquisition

Dominion Resources, the US energy holding company, has recently agreed nearly $8 billion of new loan facilities as it prepares to acquire Questar Corporation

EXCLUSIVE Singapore’s Universal Terminal syndication makes progress

Mandated lead arrangers and bookrunners Bank of China, DBS, HSBC and Standard Chartered held meetings with several banks last week as the banks start the process for the roughly S$1.75 billion Universal Terminal refinancing

Orrick hires seven projects lawyers for Houston office

Orrick Herrington & Sutcliffe have appointed seven new energy project lawyers – including a new co-head of energy and infrastructure – among 13 new hires for their new Houston office, the law firm announced on 2 February

Santos’ stake in PNG LNG up for sale

Australia’s Santos is rumoured to be considering a sale of its stake in the PNG LNG project in Papua New Guinea as it seeks to assuage concerns about its mounting debt pile and prospects amid a falling oil price

Pertamina seeking stake in Masela oil block

Indonesia’s Pertamina is looking to buy at least a 10% stake in the Masela LNG block being developed by Inpex and Shell.

Noble, Delek sign Leviathan gas deal

Noble and Delek have signed a deal to sell gas from the offshore Leviathan field to local electricity producer Edeltech Group

EXCLUSIVE Details emerge on Ital gas storage deal

Debt details have emerged on the €1.25 billion ($1.4 billion) Ital natural gas storage facility located in Cornegliano Laudense in Lombardy, Italy

CenterPoint Energy mulls midstream selloff

CenterPoint Energy, the Texas-based electric and gas utility, is considering a sale or spinoff of its interests in pipeline and storage business Enable Midstream Partners, the owner announced on 1 February

Statoil acquires stake in Uruguay offshore

Statoil has agreed with Total to acquire a 15% working interest in offshore exploration block 14 in Uruguay

Aminex cancels Ruvuma and Kiliwani North farm-outs

London-listed developer Aminex has cancelled the agreements to sell interest stakes in the Kiliwani North Development Licence and Ruvuma gas fields in Tanzania to Bowleven

Vopak completes sale of UK Thames Oilport

Dutch tank storage provider Royal Vopak has completed its sale of 33.3% of Thames Oilport in the UK to British fuel provider Greenergy today (29 January 2016)

French and Italian firms agree Iranian infrastructure deals

French and Italian firms will develop transport and oil infrastructure in Iran after a series of memorandums of understanding (MoU) were signed as international sanctions were lifted from the country

Mexico's Pemex places multi-tranche bond issue

Mexico's state-owned oil and gas company Pemex has placed a $5 billion bond issue featuring three tranches, as part of its 2016 financing programme

Williams Partners closes Transco bond and plans selloffs

Williams Partners, the US midstream gas company, has closed a $1 billion private bond placement at its Transco pipeline subsidiary as it cuts spending and plans asset sales

Borealis Infrastructure acquires stake in CLH

Canadian pension manager Borealis Infrastructure has agreed to acquire a 24.15% shareholding in the Compañia Logistrica de Hidrocarburos from energy company Cepsa and Global Infrastructure Partners