LNG Archives - Page 89 of 101 -

Souki’s Tellurian Investments to Merge with Magellan Petroleum

August 4, 2016

Merger with Magellan Delivers Capital Market Access to Tellurian’s Gulf Coast LNG Project Denver’s Magellan Petroleum Corporation (ticker: MPET) has entered into a definitive merger agreement with Tellurian Investments Inc., the recently formed private company founded by ex-Cheniere CEO Charif Souki and ex-BG COO Martin Houston. Tellurian is focused on the development of a mid-scale liquefied natural gas (LNG) facility on

Golar and Schlumberger Form LNG Joint Venture

July 25, 2016

Companies say 40% of the world’s gas reserves can be classified as stranded; Golar and Schlumberger plan to employ FLNG to monetize stranded gas Global LNG shipper Golar LNG Limited (ticker: GLNG) and the world’s largest oilfield service company Schlumberger (ticker: SLB), have launched OneLNG℠, a joint venture intended to rapidly develop low cost gas reserves to LNG. According to a press release, the combination

China to Get Ethiopia’s NatGas via $4 Billion LNG Project in Djibouti

July 25, 2016

From Geeskaafrika.com Ethiopia says physical work on a massive $4 billion cooperative natural gas project between Ethiopia, Djibouti, and China will soon be launched. The announcement was made Thursday by Ethiopian Foreign Minister Tedros Adhanom at the opening of the 4th Ethiopia-Djibouti Joint Ministerial Committee Meeting in the capital, Addis Ababa. The project is made up of a natural gas

D.C. Circuit Affirms FERC Handling of Cove Point LNG Export Application, Denies Enviro Groups’ Petition

July 19, 2016

From Power Engineering The U.S. Court of Appeals for the District of Columbia Circuit has rejected the assertion by environmental groups that the Federal Energy Regulatory Commission (FERC) did an inadequate review of Dominion (NYSE:D) plans to develop the Cove Point liquefied natural gas (LNG) export facility in Maryland. After hearing oral arguments in the case on April 19, a three-judge panel for the

ExxonMobil Makes First Corporate Acquisition Bid since 2013

July 18, 2016

Oil major ExxonMobil looks to acquire natural gas producer InterOil Corp. for $2.5 billion ExxonMobil (ticker: XOM) has made a $2.5 billion all-stock offer for InterOil Corp. (ticker: IOC), a U.S.-listed company with natural gas assets in Papua New Guinea. The deal marks the first time that ExxonMobil has attempted to make a major corporate acquisition since its $2.6 billion

Cheniere Partners Announces Offering of $1.0 Billion Senior Secured Notes due 2026 by Sabine Pass Liquefaction, LLC

June 8, 2016

HOUSTON, June 8, 2016 /PRNewswire/ — Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE MKT: CQP) announced today that its wholly owned subsidiary, Sabine Pass Liquefaction, LLC (“SPL”), intends to offer, subject to market and other conditions, $1.0 billion principal amount of Senior Secured Notes due 2026 (the “SPL 2026 Notes”). SPL intends to use the net proceeds from the offering to prepay a portion of

SCT&E LNG Signs a Binding 20-Year Fixed Price Natural Gas Supply Agreement

June 7, 2016

HOUSTON, TX and CAMERON PARISH, LA–(Marketwired – Jun 7, 2016) – SCT&E LNG, Inc. announced today the company has signed a binding 20-year fixed price natural gas supply agreement to support its future Liquefied Natural Gas (LNG) facility to be constructed on Monkey Island in Cameron Parish, LA. In May of 2015, SCT&E LNG signed a non-binding Memorandum of Understanding

Bechtel Produces LNG from GLNG Train 2

May 26, 2016

GLADSTONE, Australia – May 25, 2016 Curtis Island projects continue smooth transition towards operations with five out of six trains now producing LNG Bechtel has announced that GLNG Project Train 2, the fifth of six production trains on Curtis Island, has successfully begun producing liquefied natural gas (LNG). The three LNG projects continue smooth transition towards operations with just one

LNG Exports Just Got Easier

May 25, 2016

The U.S. House of Representatives passed the FY17 National Defense Authorization Act (NDAA), which authorizes $602 billion in funding for the Department of Defense and the national security programs of the Department of Energy. While defense spending has little effect on the oil and gas market compared to other factors, there was a provision in the bill that will affect

Cheniere Reports Sabine Pass LNG Project at Substantial Completion for Train 1, Sees First Cargo for Train 2 in Mid-August

May 25, 2016

Cheniere targets Trains 3, 4 for 2017 completions In a letter to FERC dated May 24, representing the Monthly Construction Progress Report to the agency, Cheniere Energy (ticker: LNG) reported its progress through April 2016 on Trains 1,2,3 and 4 at its Sabine Pass LNG project as follows: “Actual project progress supports the achievement of substantial completion for Trains 1 and 2 by late

Cheniere Hires Power Generation CEO Jack Fusco

May 13, 2016

The Cheniere Energy (ticker: LNG) board of directors has appointed Jack Fusco as the company’s new CEO. Fusco came to Cheniere from Houston-based Calpine Corporation (ticker: CPN), whose website describes it as America’s largest generator of electricity from natural gas and geothermal resources–84 power plants in operation or under construction (only 3 aren’t natgas), 27,000 megawatts of generation capacity, customers

Are All Disruptive CEOs Cut from the Same Cloth?

May 6, 2016

“My desk is at the end of the production line.” As CEOs go, there is not much about Elon Musk that is orthodox. Example: Tesla Motors’ (ticker: TSLA) Q1 conference call took place this week. Musk held the Tesla call at 5:30 p.m. Eastern time, bucking a generally adopted morning conference call tradition embraced by a majority of public companies.

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