LNG Canada has announced that its joint venture participants – Shell, PETRONAS, PetroChina, Mitsubishi Corporation and KOGAS – have taken a Final Investment Decision (FID) to build an LNG export facility in Kitimat, British Columbia.
Oil & Gas News
Diamondback Energy, Inc. and Energen Corporation have announced that they have entered into a definitive agreement under which Diamondback will acquire Energen in an all-stock transaction valued at approximately US$9.2 billion.
Mutual Energy has secured GBP200 million (US$260.0 million) financing from Legal & General to cover construction costs of the Gas to the West project. This involves the delivery of an 80km extension to the existing gas network in Northern Ireland through a mainly underground pipeline running from Portadown to (near) Enniskillen.
Enbridge Inc. has entered into definitive agreements to sell its natural gas gathering and processing (G&P) business based in Canada to Brookfield Infrastructure and its institutional partners for a cash purchase price of CAD4.31 billion (US$3.29 billion).
Allianz Global Investors’ Infrastructure Debt and Fermaca reached a deal to refinance El Encino–La Laguna Mexico gas pipeline
Allianz Global Investors (AllianzGI), has announced that it has made an investment on behalf of its clients into the term refinancing of El Encino – La Laguna pipeline (EELL), an operating natural gas pipeline with over 476 Kilometres in central Mexico, sponsored by Fermaca.
SK E&S, a subsidiary of Korean conglomerate SK Group, has signed a Letter of Intent (LOI) with the Department of Energy of the Philippines proposing the construction of liquefied natural gas (LNG) infrastructure worth US$1.7 billion. In addition, Phoenix Petroleum and China National Offshore Oil Corp (CNOOC) have signed a Memorandum of Understanding (MOU) to develop LNG projects in the country.
Total and its partners have launched the Zinia 2 project, a deep offshore short-cycle development in an area 150km off the coast of Angola, known as Block 17. The launch follows the developers' final investment decision (FID) to proceed with the project, which has a budget of US$1.2 billion.
PBF Holding Company LLC, a subsidiary of PBF Energy, has announced that it and certain of its subsidiaries' have entered into a new five-year revolving credit agreement.
Energy Capital Vietnam (ECV) has announced that it has signed a Memorandum of Understanding (MOU) with The People's Committee of Bac Lieu Province to develop an integrated Liquefied Natural Gas (LNG) to power project in the province, which is located in the Mekong Delta region of the country.
LNG Gaz Uretim Depolama ve Satis AS has received approval to develop onshore LNG production and storage facilities in the midwestern and northern Anatolian regions of Turkey. This is the first project of its kind to be approved in the country.
Actis has announced that it has acquired InterGen's portfolio of businesses in Mexico for a consolidated enterprise value of US$1.256 billion.
Centrais Elétricas de Sergipe (CELSE), a special purpose vehicle majority-owned by Golar Power, has announced the signing of financing agreements for the Porto de Sergipe I project, which involves the development of a thermal power plant that will process natural gas in electric energy in Barra dos Coqueiros, Sergipe state, north-east Brazil.
The government of British Columbia has announced new conditions and tax rebates for liquefied natural gas (LNG) projects in the province, in a suspected bid to prompt the final investment decision of the LNG Canada project, which was delayed indefinitely in July 2016.
The Government of Vietnam has appointed the EDF Group as leader of the international consortium in charge the Son My 1 project, located in the Quang Ngai province of Vietnam. The project involves the construction of a 2000 MW gas-fired power plant, which uses combined cycle gas turbine technology.
Brazil's Ministry of Mines and Energy has announced that 44 of the 97 projects awarded in its Avançar Energia programme has been completed, adding 1,028 MW of installed capacity to the National Generator Park (Parque Gerador Nacional).
Summit Power International has announced that its subsidiary Summit Corporation Limited has signed a Memorandum of Understanding (MoU) with Mitsubishi Corporation and its subsidiary Diamond Gas International to develop a LNG-to-Power project in Matarbari, Moheskhali, Bangladesh, which is expected to cost up to US$3 billion.
The Federal Energy Regulatory Commission (FERC) of the USA has not approved Alaska Gasline Development Corp.'s Environmental Impact Statement (EIS) application for its US$43 billion Alaska LNG Project. This involves the construction of an 800-mile, 42-inch wide pipeline that will transport 3.3 billion cubic feet of liquified natural gas (LNG) a day.
Macquarie Infrastructure and Real Assets has sold a 24.33% stake in French oil transportation and storage holding company Pisto SAS to Swiss Life Asset Managers. This sale ends Macquarie's almost 10-year interest in the company.
Mitsui and Co. has submitted non-binding and conditional proposal to Australian oil and gas producer AWE Ltd, for all of its shares, at AUD0.95 (US$0.75) each, which values the company at about AUD594 million (US$470.5 million). This is the third takeover bid that AWE has received in two months.
EnCap Flatrock Midstream has announced the final closing of EnCap Flatrock Midstream Fund IV, L.P. The substantially oversubscribed fund exceeded its US$3 billion target and reached its US$3.25 billion hard cap within six months.