January 2011

BPZ closes turbine loan 31 January 2011

Latin oil and gas independent BPZ Resources has closed a $40 million loan with Credit Suisse

Afren prices high-yield refinancing 28 January 2011

African oil and gas independent Afren has priced a $450 million senior secured bond refinancing.

Local buyers step up on AEI dismemberment 25 January 2011

Emerging markets energy operator AEI has agreed to the sale of 80% of its assets, or 10 operating companies, to seven different buyers

ArcLight places for fund V, sells Georgia equity 25 January 2011

ArcLight Capital has brought in $382.6 million in commitments for is ArcLight Energy Partners Fund V.

Conditional DoE commitments for NRG and Valero 25 January 2011

NRG Solar and Valero Energy have received conditional commitments for $1.2 billion in loan guarantees

Asia-Pacific PF set for bumper year 19 January 2011

Phillip Cornwell, partner at Allens Arthur Robinson, predicts that increased energy and infrastructure demands will fuel the Asia-Pacific project finance market in 2011.

Essar Energy launches convertible 18 January 2011

Essar Energy plans to issue a $500 million convertible bond to fund acquisitions in the power and oil and gas sectors.

Mascoma brings in Valero on Kinross cellulosic ethanol 14 January 2011

Biofuels developer Mascoma has received a $50 million equity and offtake contract commitment

AXA/F2i’s Italian gas network debt due March 14 January 2011

The three banks backing AXA Private Equity and F2i’s acquisition of E.ON's Italian gas network are likely to sign commitment letters early February and reach financial close early March.

Petrobras could provide equity for pre-salt rigs 13 January 2011

Petrobras may become an equity provider on financings for the forthcoming slate of domestically-built drillships for its pre-salt oil field development programme.

TCW energy group spun off as EIG 10 January 2011

TCW has completed the spin-off of its energy and infrastructure group as EIG Global Energy Partners

Buckeye prices BORCO acquisition notes 10 January 2011

Buckeye Partners has priced $650 million in senior unsecured notes

PetroVietnam and MISC close on FSO Orkid 07 January 2011

PetroVietnam and Malaysia's MISC have closed a $137 million debt financing for their Orkid floating storage and offloading vessel.

IVG Cavern Funds adds Eu455 million to portfolio 07 January 2011

IVG Caverns Fund, an investment fund structured by IVG Institutional Funds, has added to its cavern portfolio with a Eu455 million acquisition.

Sevan launches syndication for Driller refi 06 January 2011

Offshore oil and gas rig operator Sevan Marine has launched syndication of the $480 million refinancing of its Driller rig.

RWE set to expand Libyan operations 05 January 2011

RWE Dea, the oil and gas subsidiary of RWE, is set to form a joint venture with the Libyan National Oil Corporation (NOC) in order to expand its Libyan operations.

Hawkes joins White & Case in Singapore 05 January 2011

White & Case has appointed Ken Hawkes as a partner in the firm’s Singapore office.

Cairn closes revolver for Greenland drilling 04 January 2011

Cairn Energy has closed a $900 million standby revolving credit