April 2012

Counsel for Greek oil license sale appointed 27 April 2012

King & Spalding has been appointed international legal counsel to the Greek Ministry of Environment, Energy and Climate Change (YPEKA) for the tender for oil exploration and production licenses in the Patraikos Gulf, Katakolo in the Ilia region and in Ioannina, Epirus

MOL steps back from Nabucco 26 April 2012

Hungarian national oil company MOL has refused to approve its 2012 budget for the Nabucco gas pipeline

Kuwait Energy exploring financing options 23 April 2012

Kuwait Energy is looking to secure funding to aid its exploration and development investments over the coming year.

Delek Tamar stake financing signed 23 April 2012

Delek Drilling, Avner Oil and Dor Gas Exploration have signed a $902 million eight-year facility to back development of their share in the Tamar gas field project off the coast of Israel.

Cheniere formally mandates on Sabine Pass 17 April 2012

Cheniere Energy Partners has mandated eight joint lead arrangers for the $4 billion debt financing of its Sabine Pass natural gas liquefaction project

Epic refinancing closed 16 April 2012

Australian gas pipeline operator Epic Energy closed the A$1.375 billion refinancing of its senior and mezzanine debt facilities on 26 March

Bonny Gas moves forward 16 April 2012

Lead arrangers for the $1 billion-plus Bonny Gas Transport six tanker project in Nigeria are expected to be appointed at the end of the second or third quarter

Anadarko, DCP and Enterprise plan Front Range pipeline 16 April 2012

Anadarko Petroleum, Enterprise Products and DCP Midstream have agreed to partner on the 696km Front Range natural gas liquids pipeline

Bonds' big break 16 April 2012

Do the SATORP and Dolphin deals mean that the Gulf project bond market is established? Sponsors will need to stay committed to the products, and banks will need to stay in the shadows. Anthony Lane reports from the 2012 Middle East Project Finance Forum in Dubai.

Vireol's Grimsby ethanol launches 12 April 2012

Future Capital Partners plans to close the debt and equity financing for the £200 million ($318 million) Vireol bioethanol project in Grimsby

Nigerian banks move from oil and gas majors to independents 11 April 2012

Nigeria’s banks are making good on their promise by replacing departing European lenders on oil and gas financings. But bigger borrowers have found it easier to win their attention than local independents. By Sarah Rundell

Arcapita bankruptcy clouds infrastructure holdings' prospects 09 April 2012

Arcapita, the Bahrain-based Islamic-compliant investment manager, has filed for chapter 11 bankruptcy protection in New York.

Australia Pacific LNG deal targets May close 06 April 2012

Australia Pacific LNG is targeting a May close for its $12 billion liquefied coal seam gas project.

Conduit sells out of Kuntur pipeline to Odebrecht 05 April 2012

Conduit Capital has sold its remaining 49% equity stake in the $3 billion Gasoducto Andina del Sur (Kuntur) pipeline to Odebrecht

South Stream sponsors mandate three advisers 04 April 2012

South Stream Transport has appointed Credit Agricole, ING and RPFB Project Finance as joint financial advisers

Horizon closes financing for upstream projects 02 April 2012

Horizon oil has closed a $160 million financing for the development of oilfields in China, New Zealand and Papau New Guinea