MARKETING & TRADING
Marketing and Trading - LNG
Commonwealth LNG on its entry into two LNG SPAs for the supply of up to 2.5 million tonnes per annum (mtpa) of LNG over 20 years from Commonwealth’s LNG export facility under development in Cameron Parish, Louisiana
Diamond Gas International in connection with several short and mid term supply arrangements in Asia
PV Gas on LNG procurement plans for the Thi Vai LNG import terminal facility in Vietnam
NextDecade in connection with its marketing activities from the Rio Grande LNG export facility in the United States
Confidential LNG seller on its LNG price review negotiations
TNB Fuels in connection with LNG purchase, regasification and gas supply arrangements in Malaysia and on the liberalisation of the natural gas market, including introduction of third-party access requirements
Pavilion Energy in relation to new LNG import and bunkering arrangements in Singapore, including truck loading arrangements
Anadarko on the long-term offtake and marketing of LNG volumes from the Mozambique LNG project, including long-term SPA with CNOOC Gas & Marketing
RGE on the development of and offtake arrangements from the Woodfibre LNG export facility in Canada
San Miguel Corporation on the strategic review of the Ilijan IPP project in the Philippines and potential LNG importation options
Confidential project sponsor in connection with its bid for an LNG import project in Sri Lanka, including advising on FSU chartering arrangements, LNG sale and purchase arrangements, and downstream gas arrangements
H-Energy on its LNG sale and purchase arrangements for its Indian West coast LNG import project
Japanese Trading House in connection with supplying LNG into Pakistan
Marketing and Trading – Oil & Gas
Conrad Petroleum on the negotiation of its international gas sale agreements
Ophir Energy Plc on the negotiation of its gas sale agreements from Bangkanai PSC, Indonesia to PLN
Mubadala on the development of a model form crude sales agreement
MERGERS & ACQUISITIONS
M&A – Oil and Gas
Dialog Group Berhad on its acquisition of Tarpon Platform Systems Malaysia and all assets of Tarpon Systems International II, LLC. Tarpon Malaysia provides engineering, construction, installation, and maintenance services in connection with the Tarpon platform system, which is an alternative to traditional wellhead platforms and has been used extensively in water depths less than 90m
Dialog Resources Sdn Bhd, on its acquisition of Canadian publicly listed entity oil and natural gas company Pan Orient Energy Corp. (POEC) for USD$38.7 million, by way of a plan of arrangement. POEC, through its wholly-owned Singapore incorporated subsidiary Pan Orient Petroleum Pte Ltd holds a 50.01% equity interest in Pan Orient Energy (Siam) Ltd, which is the operator of Concession L53/48, onshore Thailand
Confidential bidder on its bid to acquire Repsol Exploración, S.A.’s upstream assets in Malaysia and Vietnam, which includes 60% participating interest in PM305 PSC, PM314 PSC and 2012 Kinabalu Oil PSC, 35% participating interest in the PM3 CAA PSC and 70% participating interest in the Block 46 Cai Nuoc PSC
Batavia Oil on the acquisition of Perenco Rang Dong Ltd. from Perenco Overseas Holdings Ltd., which holds a 30.5% non-operating interest in the Block 15-2 Rang Dong, offshore Vietnam
Philippine Downstream Company on its proposed sale of a minority interest to a foreign investor and related long term petroleum supply agreement
European commodity trader on its proposed acquisition of an oil products trading business with operations in Singapore and South East Asia
PTTEP on its acquisition of 33.8% stake in APICO LLC from Tatex Thailand LLC and Tatex Thailand II LLC. APICO LLC holds 35% participating interest in Blocks EU1 and E5N or the Sinphuhorm Project and 100% participating interest in Block L15/43 and Block L27/43 both located in the northeast of Thailand
Ophir Energy Plc on the US$205 million agreement to acquire a package of Southeast Asian assets including material producing assets in Vietnam and Indonesia plus exploration and appraisal assets in Malaysia, Vietnam, and Bangladesh, from Australian-listed Santos Limited
Coro Energy Plc on the acquisition of a 42.5% participating interest in the Bulu PSC, Indonesia contains the Lengo gas field
Batavia Oil in connection with its acquisition of the entire issued share capital of Premier Oil Kakap B.V. which holds an 18.75% participating interest in the Kakap PSC, Indonesia
Confidential international oil & gas company in relation to the potential acquisition of ENGIE’s (GDF Suez) 33.334% participating interest in the Muara Bakau PSC, Indonesia, which included a 0.11% participating interest in the Indonesian Deepwater Development
Confidential international oil & gas company in relation to the potential acquisition of a participating interest in the Andaman III PSC, Indonesia
National oil company in relation to the potential acquisition of a participating interest in the Bentu PSC, Indonesia
Japanese Trading House on its bid for the acquisition of Chevron’s 28.3% participating interest in producing blocks M5/M6 and related export pipeline between Myanmar and Thailand and 99% participating interest in exploration block A5
National oil company on the potential divestment of its participating interest in a producing gas field offshore Indonesia
Sona Petroleum Berhad on its proposed US$280 million acquisition of a 40% stake in the Greater Bualuang Area, offshore Thailand
National oil company on the divestment of its downstream business in a country in Africa
Genting Oil & Gas Limited on its wholly owned subsidiary, Genting CDX Singapore Pte Ltd’s acquisition of a 57% participating interest in Chengdaoxi Block, Bohai Bay, offshore China
Premier Oil on its acquisition of a 55% participating interest in Block 2B, onshore Kenya
BP on the divestment of its participating interest in the Southern Gas Area of the North Sea to Perenco UK Limited for US$400 million. A key element of the deal was that, instead of a full disposal, BP retained a significant interest in the carboniferous reservoirs in the Amethyst and Ravenspurn licenses in the southern basin. This was the first deal of its kind in the UK Continental Shelf
BP on its divestment of its participating interest in the Alba and Britannia fields in the North Sea to Mitsui for US$280 million
BP on the disposal of its non-operated 50% participating interest in in the Sean gas field in the UK North Sea to SSE Plc for US$288 million
ConocoPhillips on the potential disposal of certain North Sea assets
M&A – LNG
JAPEX on the acquisition of a 36% stake in ITECO Joint Stock Company, an LNG terminal business operator in Vietnam
LNG portfolio company on its proposal to acquire an interest in the Bac Lieu LNG-to-Power project, Vietnam
Keppel Corporation on its 30% investment into Gimi MS Corporation (Golar LNG Limited is the other shareholder), which will undertake the development, construction and operation of a floating LNG facility located on the Mauritania and Senegal maritime border that will be leased to BP for 20-year term, including advising on the lease and operate agreement with BP
M&A – Power
Mitsui on its exit from coal-fired power generation, including Mitsui's announced sale of its 45.5% stake in PT Paiton Energy, Indonesia's largest power plant
JERA Co., Inc, a leading Japanese energy company, on its US$1.6 billion acquisition of a 27% stake in publicly-traded Aboitiz Power Corporation (PSE: AP), one of the largest power producers in the Philippines, including on a strategic alliance for co-investment in clean and renewable energy projects
TEPCO Renewable Power on its acquisition of 25% of the issued shares of PT Kencana Energi Lestari, Tbk, an Indonesia-based renewable energy company listed in Indonesian Stock Exchange that focuses on hydroelectric power and currently owns three hydroelectric power subsidiaries
Scatec Solar ASA, a leading publicly-listed solar power producer with its headquarters in Oslo Norway, on its US$1.166 billion acquisition of SN Power AS, a leading hydropower developer and independent power producer, with operating assets the Philippines, Laos and Uganda with a total gross capacity of 1.4 GW plus a pipeline of 2.5 GW across Asia and Sub-Saharan Africa
AES Corporation in the auction sale of its 51% interest in the 990MW Masinloc power project and associated 30MW battery energy storage project in the Philippines to a subsidiary of San Miguel Corporation, including the negotiation of an associated co-sale by EGCO of its 49% stake to SMC, for a total enterprise value of US$2.4 billion
Edra Global Energy Berhad on its US$2.3 billion power assets’ portfolio divestment to a subsidiary of China General Nuclear Power Corporation. The transaction is the largest announced M&A transaction in Malaysia to date, and one of the largest in the Asia power sector in 2015
M&A – Infrastructure
Aeropark Development Philippines Inc., a special purpose entity owned by CarVal Investors, acquired West Aeropark a five-building development in Clark Global City, Pampanga, Philippines with a combined gross floor area of 142,000 square meters, previously owned by Udenna Land’s Global Gateway Development Corp. in Clark Global City, Pampanga
Cerberus Capital Management on its US$2.4 billion acquisition of shipyard in the Philippines (the largest ever foreign investment in the Philippines (largest ever foreign investment in the country, once employing 40,000 people) out of the country’s largest ever bankruptcy
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