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Project Finance

BNP Paribas aims to sell $11 billion in energy debt

French bank BNP Paribas is looking to sell up to $11 billion of its loans to oil and gas companies the Financial Times has reported.

27 January 2012
Project Finance

Rialto looks at share issue to fund African work

Australian explorer Rialto Energy has revealed it intends to issue $63.83 million in share capital to fund its development programme offshore the Ivory Coast.

27 January 2012
Project Finance

KNOC out to market for hydrocarbon terminal debt

South Korea’s state-owned developer Korea National Oil Corporation (KNOC) has mandated Singapore’s DBS Bank to arrange a project finance package of up to $500 million for the development of an oil

27 January 2012
Project Finance

HSBC supplying buyer credit for Pakistani power deal

HSBC has agreed to arrange and supply a $464 million credit facility to Pakistan’s state-owned utility Central Power Generation Company for the acquisition of a combined cycle gas turbine generation

27 January 2012
Project Finance

ADB confirms debt and guarantees for Surgil

The Asian Development Bank (ADB) confirmed this week that it will supply $400 million in loans and guarantees for the Surgil natural gas and petrochemical complex project in Uzbekistan.

27 January 2012
Companies

Exxon preparing to start oil and gas operations in Kurdistan

ExxonMobil is preparing to start oil and gas operations in Kurdistan, despite objections from the central government in Baghdad to withdraw from its licences with the Kurdistan Regional Government, Reuters reported on Wednesday.

26 January 2012
Results

Cairn India to begin second phase of Mannar Basin exploration

Cairn India has notified the Sri Lankan government that it plans to begin the second phase of exploration in the Mannar Basin, after drilling three wells and making two discoveries last year, it said in its quarterly report on Tuesday.

26 January 2012
Companies

ExxonMobil restarts operations at PNG LNG

ExxonMobil has restarted operations at its PNG LNG project following a deadly landslide in the country, and said that the two-day pause would not delay the development, Reuters reported on Thursday.

26 January 2012
Companies

Rock-bottom prices force ConocoPhillips shut-ins

ConocoPhillips shuts in gas due to low prices, and shifts capex to liquids. Oxy is also avoiding dry gas drilling, but can’t shut in wells, because it produces mostly associated gas.

26 January 2012
Project Finance

‘Europe needs to shift towards Middle Eastern template for CCGT financing’

The contractual model for CCGT development in Europe needs to shift to a Middle Eastern model to attract project finance debt in the future Societe Generale's Simon Scott said on Wednesday

26 January 2012
Mergers & Acquisitions

Gazprom Energy expansion plan for Europe

Gazprom Energy’s Managing Director Jon Feingold speaks about the company’s expansion plans in the UK and the rest of Europe.

25 January 2012
Mergers & Acquisitions

Chinese majors expand downstream in search of gas markets

By making acquisitions in China’s gas distribution sector, three state-owned majors are gaining control of the entire gas supply chain. Interfax investigates the implications

25 January 2012
Project Finance

NLNG invites proposals for $1 billion-plus syndicated loan

Nigerian Liquefied Natural Gas has invited proposals for a $1 billion-plus syndicated loan to buy new LNG tankers, a banker close to the deal told AllAfrica.com.

25 January 2012
Companies

Chesapeake production cuts prompt fleeting price rise

A price rise following news of US independent Chesapeake’s planned gas production curtailments will prove transitory without additional support from colder weather or cuts by other drillers, say ana

25 January 2012
Mergers & Acquisitions

AWE’s Indonesian buys receive praise

Australian explorer and producer AWE has decided to shrink its stakes in the Bass Basin at home and invest in two oil and gas production sharing contracts (PSCs) in Indonesia a move which has received praise from analysts for “ticking the boxes”.

25 January 2012
Project Finance

The battle over Kashagan’s future

With first oil expected by the year end, the future of Kashagan is again being called into question. With competing interests in the project, who will win the battle for Kashagan: the government or its operator?

24 January 2012
Mergers & Acquisitions

EnQuest acquires interest in Kraken

London-listed EnQuest has acquired a 20% interest in the Kraken oil discovery in the UK North Sea from Canamens, the company said in a press release on Tuesday.

24 January 2012
People

Cairn cancels £2.5 million pay-out to former chief

British oil and gas explorer Cairn Energy has cancelled plans to award more than £2.5 million ($3.9 million) in shares to its former Chief Executive Bill Gammell.

24 January 2012
Results

Gail sees gas sales rise by 2% between September and December 2011

India’s state-run Gail saw its gas sales rise by 2% to 94.9 MMcm/d between September and December 2011 and by 1% to 118.3 MMcm/d between April and December 2011, it announced on Monday.

24 January 2012
Mergers & Acquisitions

Sinopec secures additional LNG from APLNG

Chinese energy major Sinopec has signed a binding agreement to take an additional 3.3 million tons per annum (mtpa) through to 2035 from the Australia Pacific LNG (APLNG) facility on Curtis Island, ac

24 January 2012

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