Image courtesy of CB&I McDermott International and CB&I said both companies have received the necessary stockholder approvals to complete the proposed business combination. As previously reported, upon completion of the transaction, McDermott stockholders will own approximately 53 percent of the combined company on a fully diluted basis and CB&I shareholders will
zoomIllustration purposes only (Image courtesy of Ophir) Australian LNG player, Santos sold its Southeast Asian assets to the London-based Ophir Energy for a cash consideration of $221 million. The portfolio of assets includes material producing assets in Vietnam and Indonesia plus exploration and appraisal assets in Malaysia, Vietnam and Bangladesh.
Image courtesy of ADNOC LNG Japan’s Chiyoda Corporation has signed a deal with Abu Dhabi’s LNG producer and operator, ADNOC LNG to provide digital technologies, including artificial intelligence and big data analysis for the Das Island LNG facilities. The memorandum of understanding was signed on April 29 in Abu Dhabi. Under the
Image courtesy of Dharmendra Pradhan India’s minister of petroleum and natural gas, Dharmendra Pradhan looked to bring on Japanese partners to build India’s LNG infrastructure during talks with Japan’s minister of economy, trade and industry, Hiroshige Seko. In a brief statement through his social media channels, Pradhan said he discussed synergies between
Image courtesy of Lloyd’s Register Lloyd’s Register signed a contract to class the floating storage regasification unit (FSRU) ordered by Swan LNG, a unit of Swan Energy. The vessel to be stationed at Jafrabad port, will be built to LR’s Rules for the Classification of Offshore Units by Hyundai Heavy
Eduard Toll and Pskov (Image courtesy of the port of Zeebrugge) The Fluxys-operated Zeebrugge liquefied natural gas terminal is conducting its first-ever transshipment of the chilled fuel sourced from Novatek’s Yamal LNG project in the Russian Arctic, according to the port of Zeebrugge. The first simultaneous transshipment of Yamal LNG via
Image courtesy of H-Energy India’s H-Energy, a unit of real estate group Hiranandani, inaugurated its FSRU-based LNG terminal at Jaigarh Port in Maharashtra. The FSRU GDF Suez Cape Ann, chartered for the project, arrived at the location over the weekend. The terminal, with a 4 mtpa LNG handling capacity is scheduled to begin commercial operation
zoomImage courtesy of BP UK-based energy giant and LNG player BP reported a sharp increase in profit during the first quarter as oil and gas production climbed. BP’s underlying replacement cost profit, the company’s version of net profit, for the first quarter of 2018 was $2.6 billion, compared with $1.5 billion
zoomImage courtesy of Anadarko Woodlands-based Anadarko said the Mozambique LNG project moved forward in the first quarter of 2018, meeting its near-term marketing objective. In its first-quarter report, the company reminded that it in March, the Mozambique government approved the Anadarko-operated Area 1 Golfinho/Atum plan of development defining the integrated
zoomIllustration purposes only (Image courtesy of Siemens) A consortium comprising France’s Total and the German conglomerate Siemens are reportedly first in line to sign a deal for the construction of a 600-megawatt gas-fired power plant in Cuba. Citing diplomats, Reuters reports the consortium has been mulling over the contract since