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Project Finance

Gazprom to increase capex plans for 2013-2014

Gazprom plants to develop its giant gas fields in Yamal and push ahead with expansion of its eastern projects as the company intends to increase capex in 2013-2014, the daily Vedomosti reported on Mon

19 December 2011
Project Finance

Woodside delays Browse LNG FID to 2013

Woodside Petroleum’s announcement on Monday that it would postpone making a final investment decision on its Western Australian Browse LNG development came as little surprise following an unfavourab

19 December 2011
Project Finance

Schahin closes $692 mln finance package to buy deepwater drillship

Brazil's Schahin has closed a $692 million project finance package to fund the purchase of the Black Diamond I deepwater drillship from Korea's Samsung Heavy Industries for subsequent 10-year lease to

16 December 2011
Project Finance

Gaz-System signs agreement with EIB for $780 mln LNG terminal loan

Polish gas transmission operator Gaz-System has signed an agreement with the European Investment Bank for a €600 million ($780 million) loan to finance the construction of an LNG terminal, the oper

16 December 2011
Project Finance

Banks due to submit commitments for $14 bln APLNG project

Banks were due to submit commitments this week for debt to support the $14 billion first phase of the $20 billion two-train Australia Pacific LNG (APLNG) project.

16 December 2011
Project Finance

Qatar Petroleum and ExxonMobil close on $10.4 bln Barzan gas project

Qatar Petroleum (QP) and ExxonMobil have reached financial close on the $10.4 billion Barzan gas project, with a $7.2 billion project finance package included.

16 December 2011
Mergers & Acquisitions

Investment suffers after Arab Spring

The Arab Spring disrupted investor confidence in countries across the Middle East and North Africa, according to a report published on Thursday from consultants AT Kearney.

15 December 2011
Project Finance

PGNiG 2012 exploration

Polish gas monopoly PGNiG has said it plans to invest $313 million on exploration in 2012, according to a report in UpstreamOnline on Thursday.

15 December 2011
Mergers & Acquisitions

China Gas Holdings rejects joint bid from Sinopec and ENN Energy

China Gas Holdings has rejected a takeover bid from Sinopec and ENN Energy Holdings, calling the offer “unsolicited” and “opportunistic” in a filing with the Hong Kong Stock Exchange (HKSE) on Wednesday.

15 December 2011
Mergers & Acquisitions

Vattenfall refocuses with Polish distribution firm sale

Polish company Tauron Polska Energia has completed the takeover of regional power distributor Górnośląski Zakład Energetyczny (GZE) from Vattenfall, in a move that sees the Swedish utility return

14 December 2011
Mergers & Acquisitions

Kazakhstan clinches 10% stake in Karachaganak project

Kazakhstan’s government has acquired a 10% stake in the Karachaganak gas project.

14 December 2011
Mergers & Acquisitions

New Zealand Oil & Gas buys stake in the Cosmos Concession offshore Tunisia

New Zealand Oil & Gas has bought a 40% stake in the Cosmos Concession offshore Tunisia, the company said in a statement on Wednesday.

14 December 2011
Project Finance

SPT Energy Group aims to raise $70 mln in Hong Kong IPO

SPT Energy Group, a privately owned Chinese oil field services provider, plans to raise up to HK$546 million ($70.17 million) in an initial public offering (IPO) on the Hong Kong Stock Exchange (HKSE), according to an IPO prospectus filed on Wednesday.

14 December 2011
Mergers & Acquisitions

Kazakhstan signs deal with KPO to join Karachaganak project

]Kazakhstan's Oil and Gas Minister Sauat Mynbayev and members of the Karachaganak Petroleum Operating (KPO) consortium signed an agreement in Astana on Wednesday under which KPO will give the Kazakhstan government a 10% share in the Karachaganak project.

14 December 2011
Companies

European market in transition to hub-based environment – E.On Ruhrgas chairman

Interfax met Klaus Schäfer at the World Petroleum Congress, chairman of the board of directors of E.On Ruhrgas, to discuss the challenges facing the Dusseldorf-based company and his views on the European gas market

13 December 2011
Mergers & Acquisitions

Sinopec, ENN Energy offer $2.14 bln for China Gas Holdings

Sinopec and ENN Energy Holdings have offered HK$16.69 billion ($2.14 billion) for a controlling stake in China Gas Holdings in a deal that would give the investors access to an extensive portfolio of downstream infrastructure projects across China.

13 December 2011
Mergers & Acquisitions

EDF, Edison takeover heats up

A delayed agreement between EDF and Edison, which would give the French major a majority stake in the Italian gas company, is due to be signed before the end of the year.

13 December 2011
Mergers & Acquisitions

Novatek - a global gas player by 2020

Although Novatek plans to double its share in the Russian gas market, the company also hopes to extend its reach and become a global gas player

12 December 2011
Project Finance

TNK-BP to seek new independent directors

TNK-BP will start searching for new independent directors to replace Gerhard Schroeder and James Leng, who announced they would be stepping down at a board meeting on 9 December, TNK-BP said on Monday

12 December 2011
Project Finance

E.On engages Goldman Sachs for reported network divestment

United States-based investment bank Goldman Sachs has been engaged by Germany's E.On to advise on a reported divestment of its Open Gas Europe distribution network, worth up to €2.5 billion ($3.35 b

12 December 2011

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