Praxair and Linde AG in talks regarding possible merger
Praxair Inc. and Linde AG have both released statements confirming that they are in preliminary talks regarding a potential merger.
Liquefaction
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Yamal LNG receives €780 million in loans from Chinese banks
According to Reuters, the Yamal LNG project received approximately €780 million in financing from China Development Bank and Export-Import Bank of China in July 2016.
PNG LNG operator gives PGK48 000 to Salvation Army
ExxonMobil PNG Ltd – the operator of the Papua New Guinea LNG project – has given the Salvation Army Red Shield Appeal PGK48 000.
Cove Point Liquefaction project 67% complete
Dominion Resources has released its unaudited reported earnings for 2Q16, with the Chairman, President and CEO of the company adding that the Cove Point Liquefaction project is 67% complete.
Novatek and NLMK extend gas supply contract
Novatek has extended its natural gas supply contract with NLMK Group.
Sabine Pass requests authorisation to commence Train 3 commissioning
Sabine Pass has submitted a request to the US Federal Energy Regulatory Commission for authorisation to introduce fuel gas and commence commissioning activities for Train 3.
Parker to supply three Arctic LNG carriers
Parker Bestobell Marine will supply cryogenic valves for three vessels that are part of the Yamal series of Arc7 ice-class LNG carriers.
Chesapeake Energy agrees to exit Barnett Shale
Chesapeake Energy Corp. has announced that it has entered into an agreement to convey its interests in the Barnett Shale operating area to Saddle Barnett Resources LLC.
Santos announces writedown on GLNG
Santos has announced that it expects to recognise an impairment charge against the carrying value for its GLNG project of approximately US$1.05 billion after tax.
Ichthys LNG module successfully offloaded
In an update of the Ichthys project onshore LNG facilities, JKC has announced that the largest module of the final three shipments has been successfully offloaded.
DNV GL grants FLPS Approval in Principle
IHI Corp.’s floating LNG power station (FLPS) has been granted Approval in Principle (AIP) by DNV GL.
JOGMEC supports Tangguh LNG Project expansion
JOGMEC has signed loan guarantee agreements to support the development of a third liquefaction train at the Tangguh LNG Project in Indonesia.
Gazprom reports 1Q16 net income fall
Gazprom’s net income fell 5.2% in 1Q16 to 362.3 billion roubles.
DW: FLNG CAPEX to increase
In its latest ‘World FLNG Market Forecast’, Douglas-Westwood forecasts that global CAPEX on FLNG facilities will increase to US$41.6 billion between 2017 – 2022.
Shell’s Nigerian unit declares force majeure on gas supplies to NLNG
According to Reuters, Shell Petroleum Development Company of Nigeria Ltd has declared force majeure on the supply of gas to the Nigeria LNG export plant.