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09 October 2018

Vitol signs $9.4bn RCF

Vitol has signed a $9.4 billion revolving credit facility comprising a $785 million 364-day loan and $8.615 billion three-year revolving credit. Signed on 3 October,...

09 October 2018
in
Oil & gas

Eni to buy half of BP's Libya oil and gas assets

Italy's Eni has agreed to buy half of BP's 85% stake in a Libyan oil and gas licence with the aim of resuming exploration next year. Eni will acquire the 42.5%...

09 October 2018
in
Metals and Mining

Vale board set to approve $1bn Salobo copper mine expansion

The board of Brazil's Vale is close to approving a $1 billion expansion of its Salobo copper mine, sources said, as the world's top iron ore miner seeks to...

09 October 2018
in
Metals and Mining

Trafigura agrees deal with IFM Global to invest in Impala unit

Commodity trader Trafigura Group Pte has entered into an agreement for IFM Global Infrastructure Fund to invest in Trafigura’s subsidiary Impala...

09 October 2018
in
Oil & gas

IEA urges OPEC to open the taps as oil market enters ‘red zone’

The International Energy Agency made a direct appeal to OPEC and other major oil producers to boost output, warning that prices are inflicting damage on the global...

09 October 2018
in
Power, Renewables

GE to sell $2.6bn project finance debt business to Starwood

GE Capital has agreed to sell its GE Energy Financial Services’ Project Finance Debt Business to Starwood Property Trust, Inc for approximately $2.6 billion....

09 October 2018
in
Power, Renewables

BIG raises £150m for UK biomass investments

The Bioenergy Infrastructure Group (BIG) has raised £150 million to invest in new biomass and waste-to-energy assets in the UK. Contributions were made by...

09 October 2018
in
Oil & gas

DEFA releases details on Cyprus LNG Import Terminal project

Cyprus' national gas company DEFA has published details of its plans for a FSRU to be located in Vasilikos harbour, ahead of issuing a request for...

09 October 2018

KfW IPEX finances dairy plant in Ireland for Norway's TINE SA

Germany's KfW IPEX-Bank is financing the construction of a new plant in Ireland for the Norwegian dairy cooperative TINE SA with a €50 million loan. The new...

09 October 2018
in
Metals and Mining, Power, Renewables

Coal India and NLC India to develop 5GW of capacity

Coal India and NLC India have set up a joint venture to develop 3GW of solar power and 2GW of thermal power projects for a cumulative investment of...

09 October 2018
in
Oil & gas

Woodside picks Bechtel to prepare Pluto LNG FEED

Woodside has named Bechtel as the preferred execution contractor for the proposed expansion of its Pluto LNG facility in Western Australia. Woodside is proposing a...

09 October 2018
in
Infrastructure, Transport

EBRD supports upgrade of Serbian state railways with €22m loan

The European Bank for Reconstruction and Development (EBRD) has agreed a €22 million loan package to help finance the renewal of Serbia's state railways. The...

09 October 2018
in
Metals and Mining

IDM’s Red Mountain gold project gets provincial approval

Canada's IDM Mining has been granted a provincial environmental assessment certificate for its Red Mountain project. The proposed 147.2-hectare underground gold and...

09 October 2018

Coface: Some emerging economies are increasingly vulnerable

Coface has warned that some emerging economies have become increasingly vulnerable. Argentina and Turkey, two countries already hampered by major external imbalances...

09 October 2018
in
Renewables

Oman seeks technical advisory for Solar 2022 IPP development

Oman Power and Water Procurement Company (OPWP) has issued a RfP for technical consultancy services for the development of the Solar 2022 Independent Power...

09 October 2018
in
Renewables

Orsted to acquire Deepwater Wind for $510m

Orsted has entered into an agreement with the D.E. Shaw Group to acquire sole ownership of the Rhode Island-based East Coast developer Deepwater Wind at a purchase price...

09 October 2018

FMO agrees $50m to Nations Trust Bank to boost SMEs

Dutch development bank FMO has arranged a $50 million syndicated loan for Nations Trust Bank (NTB) in Sri Lanka. The loan supports further growth in NTB’s...

09 October 2018

Importers’ Choice Awards: UniCredit highest performer among active ECA banks

Based on feedback from 53 major importers from across the globe. UniCredit is the top performing import finance bank, according to the TXF/Clevis Research second annual...

09 October 2018
in
Renewables

Jacana Energy signs PPA for Katherine Solar offtake

Northern Territory's government-owned Jacana Energy has signed a PPA with developer Epuron for offtake from its 25MW solar project located near...

09 October 2018
in
Renewables

Enel to develop 231MW solar park in Mexico

Enel Green Power (EGP) will develop the 231.8MW Magdalena 2 solar park in Mexico's Tlaxcala state. EGP's General Director for Mexico and Central America...