Killajoules

Update on Australia Pacific LNG’s US$8.5 billion project finance facility
Australia Pacific LNG today confirmed that all conditions precedent have been satisfied for its US$8.5 billion project finance facility, which will support the development of the Australia Pacific LNG coal seam gas (CSG) to liquefied natural gas (LNG) project in Queensland.

Australia Pacific LNG completes additional Subscription Agreement with Sinopec
Origin Energy Limited (Origin) advises that the Subscription Agreement facilitating the acquisition by Sinopec Group (Sinopec) of an additional 10 per cent shareholding in Australia Pacific LNG Pty Ltd (Australia Pacific LNG) has completed.

Australia Pacific LNG takes FID on second train of two train project
Origin Energy Limited (Origin) today announced that the Board of Australia Pacific LNG Pty Ltd (Australia Pacific LNG) has approved a Final Investment Decision (FID) on the second train of its two-train CSG to LNG project in Queensland.

SK E&S to fund up to US$520 million in carry obligations and contingent milestone payments
Santos today announced that it had entered into an agreement with ConocoPhillips and SK E&S (SK), an affiliate of South Korean conglomerate SK Group, to progress the development of the Caldita and Barossa gas discoveries located in the Timor Sea.

China EXIM finalises Australia Pacific LNG project finance documentation
Australia Pacific LNG today announced The Export-Import Bank of China (China EXIM) has signed final definitive project finance documentation as part of the previously announced US$8.5 billion project finance facility.

Australia Pacific LNG secures US$8.5 billion in project finance
Origin Energy Limited (Origin) has announced that Australia Pacific LNG Pty Limited (Australia Pacific LNG) has signed agreements with a syndicate of domestic and international commercial banks and export credit agencies for an US$8.5 billion project finance facility.

Ex-Im Bank Approves Nearly $3 Billion in Export Financing for U.S. Goods and Services to Australia Pacific LNG Project
The Export-Import Bank of the United States (Ex-Im Bank) has authorized a $2.95 billion direct loan to support U.S. exports to the Australia Pacific liquefied natural gas (LNG) project. The transaction is Ex-Im’s second-largest single-project financing in history and is also the Bank’s first LNG project in Australia.

Significant Progress on Compensation for Marine Ecological Damage Caused by Penglai 19-3 Oil Spill Accident
CNOOC Limited (the “Company”, NYSE: CEO, SEHK: 00883) stated today that according to the news of its parent company, China National Offshore Oil Corporation (“CNOOC”), the compensation for marine ecological damage caused by Penglai 19-3 oil spill accident was in significant progress with the great effort made by the State Oceanic Administration of People’s Republic of China (“SOA”).

ConocoPhillips’ Board of Directors Approves Spin-off of Phillips 66
ConocoPhillips [NYSE:COP] announced today that its board of directors has given final approval for the spin-off of its downstream businesses. The resulting upstream company will keep the ConocoPhillips name and will be led by Chairman and CEO Ryan Lance. The downstream company, led by Chairman and CEO Greg Garland, will be known as Phillips 66. Both companies will be headquartered in Houston.

ExxonMobil, ConocoPhillips, BP and Alaska Pipeline Project Working Together to Commercialize North Slope Natural Gas
ExxonMobil, ConocoPhillips, BP and TransCanada, through its participation in the Alaska Pipeline Project, announced today that they are working together on the next generation of resource development in Alaska.