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16 October 2018

Anglo-Gulf Trade Bank joins trade finance network Marco Polo

UAE-based Anglo-Gulf Trade Bank has joined the Marco Polo Network, an initiative using the TradeIX platform and R3's Corda platform to reduce costs, risks and improve...

16 October 2018
in
Metals and Mining

Centerra sells Mongolia mine and project for US$35m

Canada-based Centerra Gold has sold its Mongolian business unit to private equity firm OZD Asia for US$35 million. The company's Mongolia assets include the Boroo...

16 October 2018

Scorpio Bulkers agrees deal to fit $1.5m-$2m scrubbers on vessels

Scorpio Bulkers has agreed letters of intent with suppliers, engineering firms, and ship repair facilities to cover the purchase and installation of exhaust gas cleaning...

16 October 2018

EBRD brings Trade Ready to Georgia to boost SMEs

Trade Ready, a new European Bank for Reconstruction and Development trade support initiative, has been introduced in Georgia to benefit the country's small and...

16 October 2018
in
Oil & gas

Azerbaijan's Southern Gas Corridor to secure final $2bn of funding by end of year

Azerbaijan's Southern Gas Corridor CJSC – rated Ba2 by Moody’s and 51% owned by the Ministry of Economy of Azerbaijan Republic with SOCAR holding the...

15 October 2018
in
Infrastructure, Waste and water

Salalah IWP reaches financial close

On 18 September the $134 million Salalah independent water project (IWP) in Oman reached full financial close. Sponsored by ACWA Power (50%), Veolia (35%) and Dohofar...

15 October 2018

Reed Smith hires trade and commodity finance specialist Omar Al-Ali

Reed Smith has hired Omar Al-Ali as a partner in its Energy and Natural Resources Industry Group in London. He specialises in structured trade and commodities finance,...

15 October 2018
in
Infrastructure, Waste and water

MWPV awarded $28m water concession in Tanauan

Manila Water Co. Inc has disclosed to the stock exchange that its subsidiary Manila Water Philippine Ventures Inc (MWPV) has received the notice of award from the...

15 October 2018
in
Oil & gas

Engie, Caisse to bid $9bn for Petrobras gas pipeline network

France's Engie and Canadian pension fund Caisse de Depot et Placement du Quebec plan to offer as much as $9 billion (BRL34 billion) for Petrobras's natural gas...

15 October 2018

Gunvor closes its first sustainability-linked BBL

Gunvor has closed a $745 million one-year secured borrowing base facility that includes margins linked to meeting sustainability targets. Although similar to deals...

15 October 2018
in
Renewables

Proparco finances 46MW biomass power plant in Ivory Coast

France's Proparco has granted a €90 million loan to the Ivorian industrial group Sifca for a series of development projects, including a 46MW biomass power plant...

15 October 2018
in
Metals and Mining

Australia's Atlas Iron names Sanjiv Manchanda as chief executive

Australian Atlas Iron has named Sanjiv Manchanda as chief executive in a board overhaul, replacing Cliff Lawrenson amid an acquisition by billionaire Gina Rinehart's...

15 October 2018
in
Oil & gas, Power

Delta Offshore signs MoU for 3GW LNG-to-power project in Vietnam

A Delta Offshore Energy-led consortium has signed a memorandum of understanding with the Bac Lieu Party Chairman, giving it exclusive rights to build, own and operate the...

15 October 2018
in
Power, Renewables

World Bank agrees $200m financing for Pakistan hydropower projects

The World Bank has agreed to provide $200 million in financing to support the energy sector in Khyber Pakhtunkhwa, Pakistan, by constructing three hydropower...

15 October 2018

BFS: A third of UK SMEs unable to operate without EU imports

A third of the 1.1 million UK small and medium-sized enterprises with EU suppliers would be unable to operate without imports from the bloc, according to the latest...

15 October 2018
in
Renewables

Sustainable Infra fund completes 12MW French wind farm purchase

Conquest Asset Management has completed the acquisition of a 12MW wind park in France, on behalf of the Sustainable Infrastructure fund. An agreement had been reached...

15 October 2018
in
Oil & gas

NextDecade LNG project gets positive draft EIS from FERC

The Federal Energy Regulatory Commission has released a favourable draft Environmental Impact Statement for the Rio Grande LNG project and the Rio Bravo Pipeline being...

15 October 2018
in
Renewables

AC Energy signs EPC and finance documents for Vietnam solar projects

The Philippines' AC Energy Holdings Inc and local partner AMI Renewables Energy Joint Stock Co have signed EPC and financing agreements for two solar projects in...

15 October 2018
in
Metals and Mining

Canada’s Rusoro Mining reaches $1.3bn deal with Venezuela

Canada-based Rusoro Mining, which in March scored a major victory in its international arbitration complaint against Venezuela, has accepted the almost $1.3 billion...

15 October 2018
in
Renewables

Green Plains to sell 3 ethanol plants in $300m deal

Green Plains Inc (GPRE) has entered into an agreement with Valero Renewable Fuels Company LLC to sell three ethanol manufacturing plants for $300 million in cash, plus...