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June 2011
Dolphin Energy’s at least $1 billion bond refinancing is on hold while its sponsors wait for capital market conditions to improve
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Williams Companies has moved to trump a bid from Energy Transfer Equity for midstream US gas operator Southern Union
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Venezuela's national oil company, PDVSA, has signed a $750 million loan agreement with special purpose vehicle Santa Inés BV
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Vancouver-based Thunderbird Energy is looking to raise a non-recourse debt financing for its $25 million Gordon Creek natural gas development
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Mexican state oil company Pemex wants to charter eight rigs to operate offshore in the Campeche basin
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Syndication has closed on a $2 billion seven-year partial refinancing for Kosmos Energy.
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The UBS International Infrastructure Fund and CDC Infrastructure have closed on the acquisition of 8% of the Gassled offshore gas transmission network from ExxonMobil
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Russian petrochemical company SIBUR and its 50/50 joint venture partner SolVin, part of the Belgian Solvay group, have signed on a Eu750 million ($1.07 billion) project financing for the RusVinyl project
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Nexus Energy has reached financial close on a A$150 million ($160 million) financing for its Longtom gas project in the Gippsland Basin, offshore Victoria, Australia.
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Dolphin Energy is close to launching the roadshow for a $1 billion bond to refinance the $1.42 billion bank tranche it closed in July 2009.
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Central Resources has closed a $37.5 million acquisition, working capital and capital expenditure financing with Standard Bank
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The preliminary information memorandum (PIM) for the bank debt backing Qatar Petroleum and Exxon Mobil’s $8.6 billion Barzan gas development project offshore Qatar will be circulated to the market by mid-July.
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Ollanta Humala’s election as president of Peru on 5 June has created uncertainty in the country’s energy and infrastructure finance market
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F2i infrastructure fund and AXA Private Equity are planning to roll the acquisition financing of their purchase of GDF Suez’ G6 Rete Gas into a refinancing of their two existing Italian gas network businesses in a combined Eu2.4 billion ($3.46 billion) refinancing.
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The Arab Spring is unlikely to dent the progress of Saudi Arabia’s vast project pipeline. But with constrained international bank liquidity and immature capital markets, access to private capital is a continuing obstacle for project financings. By Paul Smith.
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The Yuzhno-Russkoye oil and gas condensate field development financing reached full financial close on 25 May, with first disbursement taking place on 27 May.
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Avner and Delek Drilling have each raised $108.6 million of non-recourse syndicated debt via Morgan Stanley to expand the Mari-B well at the Yam Tethys offshore gas project (owned 53% by Noble Group and 47% by Delek) in Israel
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Netherlands-based Vopak and Spain-based Enagas have agreed to buy the Altamira liquefied natural gas (LNG) re-gasification terminal from Shell, Total and Mitsui in Mexico
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Vedanta Resources has closed a $1.65 billion bond issue to part fund its proposed acquisition of 40% of Cairn India.
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Petrobras’ board of directors has approved the tender of 21 drill ships in Brazil.
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Salamander Energy has closed a $325 million seven-year senior and junior reserves-based loan.
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Valero Energy will use internal resources to fund the construction of a proposed biodiesel plant in Norco, Louisiana.