MOL, Mitsui Join in Modec FPSO Project
Mitsui O.S.K. Lines and Mitsui & Co have participated in a long-term charter business operated by MODEC for the purpose of providing a floating production, storage, and offloading system (FPSO) for use in the Area 1 block offshore Mexico and a loan agreement for the Project was entered into on April 12, 2019.Mitsui and MOL invested in Area1 Mexico MV34 B.V. ("MV34"), a Dutch company established by MODEC, which will engage in FPSO leasing, operations and maintenance services.In December 2018, MV34 concluded the charter agreement with Eni Mexico S. de R.L. de C.V.
Gazprom Secures $1.19 Bln Loan from Japanese, US Banks
Russian energy major Gazprom said on Tuesday it would receive 1 billion euros ($1.19 billion) in a five-year loan from Japan's Mizuho Bank Ltd and Sumitomo Mitsui Banking Corp, as well as U.S. lender JP Morgan Chase Bank. ($1 = 0.8413 euros) (Reporting by Dmitry Solovyov; Editing by Jack Stubbs)
Financing for Dudgeon Wind Farm
London, UK, May 12, 2016: The developers of one of the world's largest offshore wind farms announced the limited recourse financing for the project today, having reached financial close in six months. The GBP1.3 billion long-term financing will fund the capital requirements of the 402-megawatt (MW) Dudgeon Offshore Wind Farm, currently under construction 32 kilometres out to sea from the North Norfolk coast of East England. The Mandated Lead Arrangers comprise The Bank of Tokyo-Mitsubishi UFJ…
Power Producer Dominion to buy Questar for $4.4 bln
Power producer Dominion Resources Inc said it would buy natural gas distributor Questar Corp for about $4.4 billion in cash to expand its natural gas operations. Dominion's $25-per-share offer represents a premium of nearly 23 percent to Questar's Friday close. Weakening power demand due to increased energy efficiency has spurred a spate of deals between utilities and natural gas distributors, which enjoy relatively stable pricing thanks to a glut of supply from shale fields. Duke Energy Corp, the largest U.S.
Japan PM Tells Brazil Time to do More Business
Japan's Prime Minister Shinzo Abe touted the success of his economic policies on a visit to Brazil on Friday and said it was time for the two nations to expand their trade and investment partnership. On the first visit to Brazil in a decade by a Japanese prime minister, Japanese banks extended $700 million in loans to boost Brazilian soy and corn exports to Japan and build ship platforms for Brazil's burgeoning offshore oil industry. Abe told Brazilian business leaders that Japan has…
