Developments in transport finance, PPP, debt, equity, M&A deals
June 13, 2013
Texas-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.
June 12, 2013
Texas-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.
June 12, 2013
Texas-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.
June 11, 2013
Texas-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.
June 8, 2013
US-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.
June 5, 2013
Medellín-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.
June 1, 2013
Latin 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.
May 29, 2013
Canadian 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.
May 27, 2013
Australia-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.
May 20, 2013
Japan-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.
April 30, 2013
In 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).
April 12, 2013
Australia’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.
May 28, 2013
France’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.
May 8, 2013
Italy’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.
April 16, 2013
According 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.
April 15, 2013
Germany’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
June 11, 2013
Qatar 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.
April 30, 2013
Abu 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.
December 4, 2012
The 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.
September 26, 2012
The 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.