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IPPToday #129: Dominion Energy acquires US utility Scana for US$14.6 billion

IPPToday #129: Dominion Energy acquires US utility Scana for US$14.6 billion

🕔Jan 5, 2018

Dominion Energy, Inc. and SCANA Corporation have announced an agreement for the companies to combine in a stock-for-stock merger. Including assumption of debt, the value of the transaction is approximately $14.6 billion.

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IPPToday #126: Malta’s Delimara 4 power plant reaches US$540 million financial close

IPPToday #126: Malta’s Delimara 4 power plant reaches US$540 million financial close

🕔Jan 2, 2018

A consortium of eight international banks has signed a financing agreement for the Delimara 4 power plant project in Malta. The consortium is comprised of Bank of Valletta, BNP Paribas Fortis, Credit Industriel et CommercialDZ Bank AGHSBC Bank MaltaKFW-IPEX BankNatixis Bank and Societe General. The package amounts to EUR450 million (US$540 million).

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 Nigeria approves US$2.8 billion gas pipeline

Nigeria approves US$2.8 billion gas pipeline

🕔Dec 27, 2017

The Federal Executive Council (FEC) of Nigeria has approved the US$2.8 billion Ajaokuta–Kaduna–Kano (AKK) gas pipeline project. The 40-inch pipeline will span 614km.

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BASF and LetterOne sign letter of intent to create Wintershall DEA

BASF and LetterOne sign letter of intent to create Wintershall DEA

🕔Dec 22, 2017

BASF and LetterOne have signed a letter of intent to merge their respective oil and gas businesses in a joint venture, which would operate under the name Wintershall DEA.

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Morocco, Ghana & Nigeria energy leaders discuss gas projects in Casablanca

Morocco, Ghana & Nigeria energy leaders discuss gas projects in Casablanca

🕔Dec 4, 2017

At a conference in Casablanca last week decision-makers from across North & West Africa met to discuss opportunities for investment in gas infrastructure, project pipelines & strategies for implementation.

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Brookfield takes majority stake in Colombian gas distributor

Brookfield takes majority stake in Colombian gas distributor

🕔Nov 27, 2017

Through Gas Natural Distribución Latinoamérica, Gas Natural Fenosa has agreed the sale of a 59.1% stake in its Colombian gas distribution business Gas Natural SA ESP to the Canadian fund Brookfield Infrastructure.

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IPPToday #97: SemGroup sells stake in Glass Mountain Pipeline for US$300 M

IPPToday #97: SemGroup sells stake in Glass Mountain Pipeline for US$300 M

🕔Nov 13, 2017

SemGroup Corporation (SEMG) has reached an agreement to sell its 50 percent interest in Glass Mountain Pipeline, LLC to an affiliate of BlackRock Inc.’s Global Energy and Power Infrastructure Fund(GEPIF) in partnership with Navigator Energy Services for US$300 million.

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Aecom Capital invests in Mexican liquefied natural gas complex

Aecom Capital invests in Mexican liquefied natural gas complex

🕔Nov 6, 2017

Mexico Pacific Limited has received an investment from Aecom Capital’s infrastructure fund for the development costs of an estimated US$1 billion Liquified Natural Gas project in the Gulf of California.

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Three Bidders for CFE pipeline project

Three Bidders for CFE pipeline project

🕔Oct 27, 2017

Comisión Federal de Electricidad (CFE) has opened technical proposals for the proposed Topolobampo branch line, in the state of Sinaloa, northwestern Mexico. Three companies have submitted their bids for the pipeline project to supply natural gas to power plants.

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IPPToday #87: IFC sells Pacific Midstream stakes back to Frontera

IPPToday #87: IFC sells Pacific Midstream stakes back to Frontera

🕔Oct 27, 2017

Frontera Energy Corporation has signed an agreement to acquire the outstanding 36.36% ownership of Pacific Midstream Limited from the International Finance Corporation (IFC).

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IPPToday #83: EBRD approves US$ 500 M financing for Trans-Anatolian Natural Gas Pipeline

IPPToday #83: EBRD approves US$ 500 M financing for Trans-Anatolian Natural Gas Pipeline

🕔Oct 23, 2017

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Pearl Energy Investments closes second fund

Pearl Energy Investments closes second fund

🕔Aug 16, 2017

Pearl Energy Investments has announced that it held its first and final closing of Pearl Energy Investments II, L.P. at its hard cap with total commitments of US$600 million

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Blackstone acquires stake in Rover pipeline for US$1.57 billion

Blackstone acquires stake in Rover pipeline for US$1.57 billion

🕔Aug 16, 2017

Energy Transfer Partners has announced that its wholly owned subsidiaries, Energy Transfer Interstate Holdings (ETIH) and ET Rover Pipeline (HoldCo), have signed an agreement with funds managed by Blackstone Energy Partners and Blackstone Capital Partners whereby Blackstone will contribute approximately US$1.57 billion in cash in exchange for a 49.9% interest in HoldCo.

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InterGen to Sell Mexico Assets

InterGen to Sell Mexico Assets

🕔May 26, 2017

InterGen has recently announced plans to advance the sale of its business interests in Mexico. It is expected that a formal sales process will be launched shortly.

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DONG Energy to divest its upstream oil and gas business

DONG Energy to divest its upstream oil and gas business

🕔May 25, 2017

DONG Energy has agreed to divest the entire share capital of DONG E&P A/S to INEOS for an unconditional payment of US$1,050 million on a cash and debt free basis, a contingent payment of US$150 million related to the Fredericia stabilisation plant and a contingent payment of up to US$100 million subject to the development of the Rosebank field.

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EIG Global Energy Partners raises USD2 billion

EIG Global Energy Partners raises USD2 billion

🕔May 11, 2017

EIG Global Energy Partners (EIG) has announced the final close of Global Private Debt Fund (GPF IV), a continuation of the firm’s platform for energy and infrastructure credit and direct lending.

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IFC to finance Excelerate Energy Ltd to build Bangladesh’s first LNG import terminal

IFC to finance Excelerate Energy Ltd to build Bangladesh’s first LNG import terminal

🕔May 10, 2017

The private finance arm of World Bank, International Finance Corporation (IFC), has agreed to extend finance to build Bangladesh’s first LNG import terminal to Excelerate Energy Ltd.

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Nord Stream 2 secures financing with five European companies

Nord Stream 2 secures financing with five European companies

🕔Apr 28, 2017

The Nord Stream 2 project, being pursued by Gazprom, has taken another important step towards its implementation, responding to the need of the European Union for additional gas imports and thereby improving security of supplies to Europe.

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OMERS acquires stake in Chilean Quintero LNG terminal

OMERS acquires stake in Chilean Quintero LNG terminal

🕔Apr 19, 2017

Borealis Infrastructure, the infrastructure investment manager of OMERS, has announced that it has signed an agreement to acquire a 34.6% stake in GNL Quintero S.A., (GNLQ).

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M2 Infrastructure and TransCanada to pursue development of oil storage in Oklahoma

M2 Infrastructure and TransCanada to pursue development of oil storage in Oklahoma

🕔Mar 27, 2017

MInfrastructure LLC has announced that it has entered into a Memorandum of Understanding with TransCanada Corporation to pursue construction of 6.2 million barrels of new crude oil storage at TransCanada’s terminal in Cushing, Oklahoma.

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