MARKETS

FAR's Senegal financing stalled

FAR Limited's hard work to secure funding for its share of the Sangomar oil development offshore Senegal is now in disarray after the lead banks involved in its planned senior debt facility advised the Cath Norman-led oiler they cannot complete the syndication "in the current environment".

Helen Clark

FAR MD Cath Norman

It's now also likely the mezzanine and junior facilities won't be completed "for the foreseeable future". FAR said the precipitous fall in the oil markets has "adversely affected global financial...

Start a free trial to continue reading this article

Already have an account? Sign in here

Subscribe now

MOST POPULAR

ENERGY TRANSITION

Activists threaten to sue WA Premier over Woodside AGM tussle

ENERGY TRANSITION

Opposition energy leader triggers walkout at major solar power event

OPERATIONS

Rise of the robots to boost energy sector, report finds

OPERATIONS

ADX Energy gets cornerstone backing for Welchau gas discovery

RESEARCH

Premium subscribers only

View more

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.