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Deal Watch
Developments in transport finance, PPP, debt, equity, M&A deals
North America
Latin America
Asia
Europe
Middle East & Africa
North America
Enterprise Products Partners unveils joint venture with Western Gas
June 13, 2013Texas-based oil and gas midstream and downstream operator Enterprise Products Partners (Enterprise) has announced a majority-owned joint venture with Texas-based midstream operator Western Gas Partners.
Quicksilver Resources announces pricing of senior notes offering
June 12, 2013Texas-based natural gas and oil exploration and production company Quicksilver Resources has announced that it has priced its previously announced private offering of senior notes due 2021 in an aggregate principal amount of USD325 million.
Summit sells USD300 million in bonds
June 12, 2013Texas-based midstream energy operator Summit Midstream Partners (Summit) has priced an offering of USD300 million in 7.5 per cent senior unsecured notes due 2021.
Crosstex Energy announces pricing of common units [free access]
June 11, 2013Texas-based Crosstex Energy has announced that it has priced an underwritten public offering of 7.2 million common units representing limited partner interests of the partnership at USD20.33 per common unit.
Latin America
Cheniere buys 50 per cent stake in Chile’s Octopus LNG project
June 8, 2013US-based Cheniere Energy has acquired a 50 per cent stake in Octopus LNG, a new firm set up in Chile to build a terminal for liquefied natural gas (LNG) imports and two combined-cycle power plants near the southern Chilean city of Concepcion.
Colombia’s EPM completes acquisition of assets from natural gas distributor Surtigas
June 5, 2013Medellín-based public utility service company Empresas Publicas de Medellín (EPM) has purchased natural gas distributor Surtidora de Gas del Caribe’s (Surtigas) assets in Antioquia for a total of COP11 billion.
GeoPark makes strategic entry in Brazil via acquisition [free access]
June 1, 2013Latin America-focused oil and gas exploration company GeoPark has announced its strategic entry into Brazil with the acquisition of a 10 per cent working interest in the offshore Manati gas field, the largest natural gas-producing field in Brazil.
Teekay buys 50 per cent stake in FPSO unit in Brazil [free access]
May 29, 2013Canadian oil services firm Teekay Offshore has struck a USD204 million deal with parent firm Teekay Corporation for a 50 per cent stake in the Cidade de Itajaí production platform in Brazil.
Asia
Horizon Oil sells USD204 million stake in PNG gas assets to Osaka Gas
May 27, 2013Australia-based Horizon Oil has sold 40 per cent of its Papua New Guinea natural gas assets to one of Japan's largest utility companies Osaka Gas for USD204 million. The sale marks the beginning of a 60/40 strategic alliance between Horizon Oil and Osaka Gas.
Mitsubishi, Mitsui form JV to build ‘Sayaendo’ new-gen LNG carrier
May 20, 2013Japan-based Mitsubishi Heavy Industries Limited (MHI) has signed an agreement with Japan’s Mitsui O.S.K. Lines Limited to build a ‘Sayaendo’ series new-generation liquefied natural gas (LNG) carrier. The ships of the Sayaendo series feature a unique structure that integrates the LNG tank cover with the ship’s hull, resulting in significantly improved fuel consumption and maintainability.
Mitsui OSK acquires 20 per cent stake in Sinopec LNG carrier project
April 30, 2013In the biggest-ever contract for shipping liquefied natural gas (LNG) to China, Japan’s Mitsui OSK Lines has acquired a 20 per cent holding in a USD1.5 billion LNG shipping project being led by China’s state-owned energy giant China Petroleum and Chemical Corporation (Sinopec).
QIC to buy Moomba–Adelaide pipeline for AUD400 million [free access]
April 12, 2013Australia’s APA Group has agreed to sell its Moomba-to-Adelaide natural gas pipeline system to financial group QIC Global Infrastructure for AUD400.6 million.
Europe
GDF Suez buys 9 per cent stake in Nabucco West gas pipeline
May 28, 2013France’s energy group GDF Suez has acquired Austria’s oil and gas major OMV’s 9 per cent stake in the Nabucco West gas pipeline project. OMV, which initially had a 16.67 per cent stake in Nabucco West, had bought an additional 16.67 per cent stake in the project from Germany’s energy firm RWE in April 2013.
Eni sells 11.7 per cent stake in Snam [free access]
May 8, 2013Italy’s oil and gas major Eni has sold its 11.7 per cent stake in natural gas distribution network Snam Rete Gas (SRG) for USD1.9 billion as part of its divestment programme.
Romania raises USD95 million by selling 15 per cent stake in Transgaz
April 16, 2013According to the officials of the Romanian Energy Ministry, Romania sold a 15 per cent stake in Romanian natural gas distributor Transgaz for USD94.9 million.
RWE sells its stake in Nabucco to OMV [free access]
April 15, 2013Germany’s energy group RWE has sold its 16.67 per cent stake in the Nabucco West gas pipeline project to Austria’s oil and gas firm OMV.
Middle East & Africa
Qatar LNG shipper Nakilat signs USD917 million refinancing deal
June 11, 2013Qatar Gas Transport Company (Nakilat), one of the world’s largest shippers of liquefied natural gas (LNG), has signed a USD917 million loan refinancing deal with Qatar National Bank.
Shell to take 40 per cent stake in Abu Dhabi’s Bab sour gas project
April 30, 2013Abu Dhabi National Oil Company (ADNOC) has chosen UK-based Royal Dutch Shell Group to be the joint owner of its project to develop the onshore Bab sour gas reservoirs.
Woodside acquires 30 per cent of Leviathan gas project [free access]
December 4, 2012The Australia-based Woodside Petroleum's newly acquired Israeli gas project of Leviathan is likely to be several billion dollars cheaper to develop than similar-sized Australian projects; thereby increasing the likelihood of accelerating the existing development assets in the company's portfolio.
Kuwait Fund extends USD60.5 million loan for Egyptian network expansion
September 26, 2012The Kuwait Fund for Arab Economic Development (KFAED) has signed an agreement to extend a USD60.5 million loan to Egypt to finance the second stage of a natural gas network expansion project in the Cairo and Giza governorates.