LNG - 21 July 2016

According to Reuters, Samsung Heavy Industries is expecting an order from Eni this year for the construction of a floating LNG unit.

The report shows that crude oil, LNG and LPG tanker industries are planning for expansion with 12 announcements in 1H16.

Reuters claims that the Chevron-led Angola LNG export facility will resume production in late September, not late August as originally thought.

Chevron has announced that it has signed an agreement with a subsidiary of China’s JOVO for the supply of 0.5 million tpy of LNG over a five-year period.

LNG Ltd has announced redundancy and restructuring measures in its attempt to reduce costs and streamline the organisation.

Following the recent news that ExxonMobil has made a superior bid, Oil Search has announced that it will not make a revised offer for the acquisition of InterOil.

Technip has been awarded a Master Services Agreement for SCT&E LNG’s Monkey Island LNG project in Louisiana, US.