M2 Infrastructure 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.
Oil & Gas News
Attarat Power Company announced that it has reached financial close for the project to construct the first oil shale fired power station and open cast mine in Jordan.
International lenders have announced the US$535 million permanent financing for a 380-mile natural gas pipeline running between Samalayuca, Chihuahua and Sásabe, Sonora.
International Finance Corporation (IFC), UK Export Finance (UKEF) and a commercial bank group led by HSBC, ING, Société Générale and Standard Chartered Bank acted as lenders on the financing of Vitol’s participation in the Offshore Cape Three Points (OCTP) oil and gas field project involving the development of the Sankofa-Gye Nyame fields in Ghana.
Macedonia has launched a tender process to develop a secondary and tertiary gas pipeline through a public-private partnership (PPP).
The National Petroleum Institute (NPI) has announced that the government of Mozambique, which has vast offshore gas resources, has awarded gas development projects in the Rovuma gas basin to Norway's Yara International, Shell Mozambique and GL Energy Africa.
The Government of Peru has cancelled Odebrecht contract to develop the Southern Gas Pipeline (GSP) after the consortium failed to meet its financing deadline.
EIV Capital, an energy-focused private equity firm, has announced the final closing of its third fund, EIV Capital Fund III, LP and its affiliates, at its hard cap of US$450 million, surpassing its original US$350 million target.
Ancala Partners has successfully completed fundraising for its UK infrastructure platform, which it developed by working closely with Willis Towers Watson, the global investment business.
Statoil has been declared the provisional winner of the U.S. government’s wind lease sale of 79,350 acres offshore New York.
National Grid has announced that it has entered into an agreement to sell a 61% equity interest in its UK gas distribution business (NGGD) to a consortium of long-term infrastructure investors.
The CI-GNL (Ivory Coast LNG) consortium led by Total has been awarded the rights to build and operate a liquefied natural gas (LNG) re-gasification terminal in Ivory Coast with a capacity of 3 million tons per year.
Bahrain LNG has announced it has completed limited recourse financing for the LNG receiving and regasification terminal project.
Pertamina-led consortium has secured first place in the bidding for US$2 billion contract for 1.6 GW power plant Java-1. The plant will be located in West Java, Indonesia.
Ophir Holdings & Ventures LTD, a wholly owned subsidiary of Ophir Energy plc, and OneLNGSM , a joint venture between subsidiaries of Golar LNG Limited and Schlumberger, have announced that they have signed a binding Shareholders’ Agreement to establish a Joint Operating Company (JOC) to develop the Fortuna project, in Block R, offshore Equatorial Guinea utilising Golar’s FLNG technology.
Suncor has appointed Michael Creel to the firms's board of directors. Mr. Creel's appointment will be effective on 1 January 2017.
Spanish-based Repsol has closed the refinancing for its 83% owned refinery project in Peru, La Pampilla.
Allianz has reached an agreement with E.ON to purchase a 30.0 percent stake in E.ON Distribuţie România, an electricity and gas distribution network operator in the northern part of Romania.
Enagás, through its subsidiary Enagás Chile, has finalised the acquisition of 20% of the GNL Quintero regasification plant from the company Aprovisionadora Global de Energía.
Fermaca has achieved financial closure for Villa de Reyes-Aguascalientes-Guadalajara gas pipeline project.