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Oil & Gas

Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
  • September 2010

    Al Jaber raises $300m for Shah Gas 01 September 2010

    Al Jaber Energy Services has raised a $300 million 16-month loan from Abu Dhabi Islamic Bank to finance initial works on Adnoc's $12 billion Shah Gas project.

  • August 2010

    Yuzhno-Ruskoye long-term out to banks 26 August 2010

    The $1.1 billion Yuzhno-Ruskoye long term financing is out to the debt market with responses due from banks by 3 September.

  • Kosmos ups Jubilee debt 25 August 2010

    Kosmos Energy has signed a $350 million increase to its project finance debt, upping the total amount to $1.25 billion.

  • Banks line up for Gas Plus RBL 25 August 2010

    A club of five banks has lined up to provide a Eu600 million ($758.6 million) reserves based lending facility to Italian exploration and development company Gas Plus.

  • E.ON edging towards PF for Livorno LNG 25 August 2010

    Finance directors at E.ON are expected to provide a definitive answer in the first week of September about whether to go ahead with a project financing for its $800 million offshore Livorno LNG project in Italy.

  • Kosmos drops Jubilee sale, FPSO scrutinised 18 August 2010

    Kosmos Energy has abandoned a $4 billion sale of its 23.5% stake in Ghana's Jubilee oil field to ExxonMobil.

  • BP raises $5bn Angola-Azerbaijan debt 16 August 2010

    BP has obtained $5 billion 5-year debt facilities across two transactions – with both deals launched today into the syndication market.

  • Nord Stream 2 readied 16 August 2010

    Request for proposals for the Eu2.5 billion debt backing Nord Stream 2 will be with banks within the next few days.

  • OPTI Canada plans new high-yield sale 12 August 2010

    Oil sand operator OPTI Canada plans an additional $400 million high-yield bond issue as it tries to bring its Long Lake project up to full production.

  • Khabarovsk refinery gets VEB backing 09 August 2010

    Alliance Oil subsidiary OJSC Khabarovsk Refinery has signed a $760 million 12/13 year project financing with Vnesheconombank (VEB) which backs the refinery's modernization programme.

  • ERC refinery signed 09 August 2010

    Egyptian Refining Company (ERC) has signed the $2.6 billion debt package for its second-stage oil refinery in the Greater Cairo area.

  • ArcLight closes Houston oil storage B loan 04 August 2010

    ArcLight Capital closed the $305 million B loan recapitalisation of the Houston Fuel Oil Terminal Company on 22 July.

  • ERC refinery hitch 02 August 2010

    Financial close for the $3.7 billion Egyptian Refinery Company scheme was due at the end of last week but hit a last minute hitch.

  • July 2010

    TransGlobe closes five-year borrowing base 30 July 2010

    Canadian oil and gas independent TransGlobe has closed a $90 million five-year borrowing base

  • Centrica pulls Caythorpe gas storage 29 July 2010

    UK utility Centrica has mothballed development of its 200 million cubic metre Caythorpe gas storage project in East Yorkshire

  • Castor UGS: Cavern club 29 July 2010

    After a lengthy wait for fulfilment of its conditions precedent, a club of 19 banks have closed debt financing the Eu1.5 billion Castor underground gas storage project in Spain. The complex financing features geological risks more associated with oil and gas financings than a PPP-style concession st...

  • Nuevo Pemex: Mexican miniperm 29 July 2010

    Abengoa and GE closed the $632.4 million financing for the Nuevo Pemex cogeneration project on 18 June. The deal is notable as the first power procurement for Mexico’s state oil company, Petroleos Mexicanos, one of the first deals for Mexico’s state development bank, Bonbras, in the privat...

  • Oil & Gas 29 July 2010

    Vantage Drilling to launch drillship bonds

  • People & Places 29 July 2010

    Cirincione moves to Siemens as Dexia reshuffles

  • Vantage Drilling to launch drillship bonds 22 July 2010

    Drillship operator Vantage Drilling wants to issue $960 million in five-year secured bonds to finance the acquisition and completion of a deepwater drillship

  • E.ON repays Livorno LNG bridge, PF in doubt 21 July 2010

    E.ON has decided not renew the $185 million bridge provided by Unicredit for the Livorno LNG project. The corporate bridge elapsed at the end of June and it was repaid in full.

  • MEG Energy plans IPO for oil sands phase 2 19 July 2010

    Canadian oil sands producer MEG Energy is in the process of marketing an initial public offering

  • Spectra Energy to buy and pay off Bobcat gas storage 16 July 2010

    Spectra Energy has agreed to buy the Bobcat gas storage project

  • EGPC pre-export final takes 10 July 2010

    EGPC has finalised the scale-back on lenders to its $2 billion 58 month pre-export financing.

  • Delek and Avner sign bridge for Tamar gas 07 July 2010

    Barclays Capital and HSBC have closed a $430 million 18-month bridge loan to support exploration at the Tamar gas field

  • NiMin Energy closes Beal facility 02 July 2010

    Independent oil and gas producer NiMin Energy has closed a $36 million credit facility

  • Santos mandates adviser on Gladstone 01 July 2010

    Santos has appointed Taylor-DeJongh its financial adviser on the probable export credit agency financing for the Gladstone LNG project

  • SBM closes five-year corporate revolver 01 July 2010

    Oil and gas vessel contractor SBM Offshore has closed a $750 million five-year revolving credit

Month: Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec

Poll

Are staple financings a useful add-on in project/infrastructure M&A?

Most of the time
17%
Sometimes
50%
Rarely
17%
Too expensive
17%

View previous poll results