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December 2011
Brazil's national oil company, Petrobras, has canceled the tender process for 21 domestically-built rigs
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Ecopetrol is nearing close on about $3.5 billion in financing for the $5.18 billion Refineria de Cartagena in Colombia.
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Armada TGT, subsidiary of Bumi Armada, has closed a $341.1 million club for costs relating to the conversion and installation of the FPSO Armada TGT 1.
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Hoegh LNG has mandated Standard Chartered and Bank of Tokyo-Mitsubishi UFJ as financial advisers on the financing of a regasification vessel that it has on order from Hyundai Heavy Industries.
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Bank bids are due on 15 December for the $6 billion 16-year Chexim and US Ex-Im-backed debt backing the $14 billion first phase of the $20 billion two-train Australia Pacific LNG project.
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Despite perceived illiquidity in the international bank market, Qatar Petroleum (QP) and ExxonMobil, along with financial advisor Royal Bank of Scotland, have reached financial close on the $10.3 billion Barzan gas project – Qatar’s biggest project financing to date.
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OSX is preparing around $3 billion-plus in financing for FPSO and wellhead platform projects
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The International Finance Corporation is considering a $300 million financing for Braskem and Grupo Idesa’s $4.3 billion Etileno XXI
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The sponsors of the Ruby pipeline have postponed plans for a $1.425 billion combined bank and bond refinancing.
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Schahin has closed the $692 million 10-year debt financing for its $865 million Black Diamond 1 drill-ship.
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French oil major Total has agreed to acquire GDF Suez’ stake in the Elgin and Franklin gas condensate fields
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Trader Mercuria Energy has closed a $755 million Asian revolving credit facility with 29 lenders
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Citing a lack of economic feasibility, Bulgaria has announced it will unilaterally pull out of the Eu1 billion ($1.34 billion) Trans Balkan Pipeline project in 12 months if Greece and Russia do not agree to mutually scrap the trilateral agreement for the project signed in 2007.
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Canadian-listed oil and gas independent Candax Energy has agreed terms on a C$9.79 million equity investment with the International Finance Corporation
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Far East Energy has closed a $25 million financing with Standard Chartered to fund the development of its Shouyang Area coal bed methane project.
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ExxonMobil has told the other sponsors of the Papua New Guinea LNG project that project capital costs are likely to increase
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The European Investment Bank (EIB) has granted a Eu240 million ($323.2 million) loan to IREN to complete the regasification plant in Livorno
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E.ON is to open the bidding process in the first quarter of next year for the sale of Open Grid Europe - the company’s natural gas transport network.
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Belgian gas pipeline operator Fluxys has completed the acquisition of a stake in two pipelines in Switzerland and Germany.