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December 2012
The financing for SBM Cidade de Anchieta
is the first ever project bond financing for an FPSO in the US private placement market. By David Falcon and Conrad Owen, Mitsubishi UFJ Financial Group.
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Bank of America Merrill Lynch is set to launch syndication on a $505 million second lien term loan in support of NFR Energy
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Gunvor has mandated Deutsche Bank and VTB to lead a $100 million acquisition facility for its recently-acquired Ingolstadt refinery in Bavaria
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ANZ has closed a A$170 million ($178 million) refinancing for the Dampier Bunbury natural gas pipeline.
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Braskem and Idesa have signed the $3.2 billion debt financing for the Etileno XXI petrochemical complex in Mexico.
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Gazprom Neftekhim Salavat has signed an engineering, procurement and construction contract
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InterGen has closed on $335 million in debt for its 205MW San Luis de la Paz gas-fired project and Altamira compression station projects
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An INPEX- and Total-led consortium has closed the $20 billion project financing for the $34 billion Ichthys liquefied natural gas project.
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Enegi Oil has taken a 5% stake in the Dead Sea-WadiAraba block oil project in Jordan from Korea Global Energy Corporation (KGEC)
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Dana Gas has restructured its $1 billion sukuk, weeks after failing to make the bullet payment on the debt.
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Commodities trader Gunvor has closed a $1.16 billion refinancing of its corporate revolver.
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Societe BenGaz and Gasol have formed a joint venture to develop and market natural gas in West Africa.
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Project leaders in the Middle East are prepared to experiment with mini-perm structures to widen the lending pool for power deals, but will the Mirfa IWPP be the sector’s guinea pig? Jon Whiteaker reports from Dubai.
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Swiss-based oil trader Gunvor has acquired a 10% stake in the Transalpine oil pipeline (TAL) from Petroplus
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The International Finance Corporation and China Ex-Im have signed a memorandum of understanding to provide up to $280 million in debt financing for Exmar’s $400-500 million liquefaction barge
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The Canadian Minister of Industry has approved CNOOC’s proposed $15.1 billion acquisition of Nexen
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Braskem and Idesa are pushing to close a $3.1 billion financing for their $4.72 billion Etileno XXI project the week beginning 17 December.
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InterGen is nearing close on $350 million in debt that funds the construction of a 205MW gas-fired power plant and a new gas pipeline compression station
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French oil major Total has received seven bids for the sale of TIGF, its gas pipeline unit.
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Macquarie Infrastructure Partners II has completed the acquisition of Leaf River, an underground salt cavern gas storage facility
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Abu-Dhabi National Oil Company (Adnoc)-led consortium Adma-Opco has set a deadline of the beginning of January
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A consortium led by Israel’s Delek Group has agreed to sell 30% of equity in the Leviathan offshore gas field project to Woodside Petroleum
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November 2012
Singaporean offshore oil services provider Jaya Holdings has closed on $150 million in term and revolving credit facilities
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Saudi Aramco and Dow Chemical have cut the commercial debt tranche on their Sadara petrochemical project
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Sahara and Ma’aden are nearing close on their SAMAPCO petrochemicals plant
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Egyptian private equity firm Citadel Capital has formed a joint venture with Qatari investors and investment bank QInvest to import liquefied natural gas
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The $20 billion debt financing for the $30 billion Ichthys LNG project is expected to sign before the end of the year.
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Pacific Drilling has priced a $500 million bond issue to finance the completion of its Pacific Khamsin ultra-deepwater drillship
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BG Group has received approval for a $37.5 million corporate loan from US Ex-Im to support the $150 million NCMA 4a compression project offshore Trinidad.
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Gunvor has closed syndication of the one-year revolving credit for its Independent Belgian Refinery (IBR) subsidiary in Antwerp
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The project company for the Australia Pacific Liquefied Natural Gas project has begun drawing on its $8.5 billion in project debt
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The Iowa Finance Authority has approved the issuance of $1.194 billion of tax-exempt bonds to support Orascom's construction of a greenfield fertiliser project
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Heritage Oil and Shoreline Power have closed on the $850 million acquisition of a 45% interest in the OML 30 oil licence.
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SBM Offshore closed the $500 million Baleia Azul bond financing for its Cidade de Anchieta floating production, storage and offloading vessel on 31 October.
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ExxonMobil has increased its final cost estimate for the PNG LNG project from $15.7 billion to $19 billion
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Cheniere Energy Partners is expected to mandate lenders by January 2013 for a $4-5 billion debt financing backing the third and fourth trains at its Sabine Pass
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The Bahrain Petroleum Company (Bapco) is looking for financial advisers to assist with the expansion of its Sitra refinery
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Primeline Energy has agreed a revised memorandum of understanding with China Development Bank covering a loan for the development of its LS36-1 offshore gas field.
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Tullow Oil has closed the $3.5 billion refinancing of its reserve based credit facilities.
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Rosneft has up to 10 banks lined up to provide around $2.25 billion each to back its $55 billion acquisition of TNK-BP.
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Harbinger Group and EXCO have formed a new $725 million joint venture to buy a portfolio of conventional onshore oil and gas assets from EXCO
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The hybrid reserve-based lending/project facility for Delek’s investment in the Tamar gas field will be the first of many deals exploiting Israel’s huge gas deposits.
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East Africa has started to rival the west of the continent as a hot-spot for drilling activity. LNG, with India as a possible destination, is the most promising source of deals. By Sarah Rundell.
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Dana Gas failed to make the bullet payment on its $1 billion sukuk at maturity on 31 October 2012
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Japanese export credit agency JBIC has signed a memorandum of understanding with Australian independent oil and gas producer Woodside Petroleum
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October 2012
Commodities trader Mercuria has closed a $700 million borrowing base to support its European operations