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Tender out for PNG transport consultant

The Asian Development Bank (ADB) issued a tender on 21 May (2020) recruiting a consultant for preparation of a feasibility study and detailed engineering design for a package of three highway and port projects in Papua New Guinea

Energy majors close Brunei upstream

Shell has closed the acquisition of a Total subsidiary holding roughly 87% equity interest in an offshore block in Brunei, following more than five months of clearing conditions precedent

TCEQ approve Annova LNG

Texas Commission on Environmental Quality (TCEQ) officials have issued a state permit for the Annova LNG export terminal project at the Port of Brownsville

ADB triples Covid-19 package

The Asian Development Bank (ADB) yesterday (13 April) announced a $20 billion package in response to the novel coronavirus disease pandemic, tripling the size of its response measures thus far and aiming to deliver quicker, more flexible assistance

SDX makes commercial discovery

London headquartered SDX Energy has made a commercial discovery in its Egyptian Sobhi well in which it owns a 100% interest

Martin Midstream Partners appoints adviser

Alinda Capital Partners owned Martin Midstream Partners (MMP) has appointed Stephens to explore “strategic alternatives” to strengthen its balance sheet

Guinea’s AGER to receive AfDB grant

The African Development Bank (AfDB) has approved a grant for the pre-development work of the Guinean Agency for Rural Electrification’s $7 million solar mini-grids project in the West African state

EIB lends €100m to Elenia for upgrade

The European Investment Bank (EIB) has lent €100 million ($109m) to support the replacement of Elenia’s high- and low-voltage cables, substations and transformers across Finland

Citi appoints Smith as TTS head for EMEA

Citigroup has announced a further shuffle of staff in its treasury and trade solutions (TTS) group, with Mark Smith named its new TTS head for EMEA

Engie finances Brazil wind with BNDES loan

Engie’s subsidiary in Brazil has contracted financing with local development bank BNDES to fund several wind parks in the country, which will have a total installed capacity of 361.2MW

DFI approves Bangladesh transport loan

Asian Infrastructure Investment Bank (AIIB) has approved a loan to fund a $585.3 million road upgrade as part of a 286km national highway in Bangladesh

Jersey Oil & Gas adds board adviser

Jersey Oil & Gas, the independent upstream company focused on the North Sea, has added Dr Chris Haynes OBE as a board adviser

Oil Search offers new shares to weather low oil prices

Australia-listed exploration and production company Oil Search, which most active in Papua New Guinea, has launched an offer of new shares today (7 April 2020) as it seeks to raise $1.16 billion ($707.8 million) to strengthen its balance sheet for a prolonged period of low oil prices

KEXIM signs loan for Addis Ababa BRT

The Export-Import Bank of Korea (KEXIM) has signed with the government of Ethiopia a $63 million loan to improve the Addis Baba Bus Rapid Transit

Siemens Gamesa closes contract with AES in Brazil

Siemens Gamesa has closed an agreement with AES Tietê – a subsidiary of the American AES Corporation – to provide the wind turbines for the 312MW Tucano project located in Brazil

AIIB readying $5bn Covid-19 package for members

Beijing-based DFI Asian Infrastructure Investment Bank (AIIB) has taken to its board a $5 billion crisis recovery facility for both public and private sector entities in hardship due to Covid-19

Troussel joins the EIB

Xavier Lopez del Rincon Troussel has started in a new role with the European Investment Bank (EIB), having left Moody’s Investor Services to take on the new challenge

Chibesa named Africa head of TTS at Citi

Citigroup has appointed Esther Chibesa as its new treasury and trade solutions (TTS) head for Sub-Saharan Africa, effective immediately