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.
LNG
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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.
Crowley christens new LNG conversion-ready product tanker
Crowley Maritime Corp. has announced that it has officially christened its fourth LNG conversion-ready product tanker – MT West Virginia.
MMHE and EPIC form new JV
Berhad Malaysia Marine and Heavy Engineering Sdn Bhd (MMHE) has formed a new joint venture company with Eastern Pacific Industrial Corp. Berhad (EPIC).
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.
Petrofac’s Tim Weller to leave for CFO job at G4S plc
Petrofac Ltd has announced that Tim Weller has advised the Board that he intends to leave the Group to become the CFO of G4S plc – a global integrated security group.
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.
Crowley takes delivery of fourth LNG-ready product tanker
Crowley Maritime Corp. has taken delivery of MT West Virginia – the fourth new Jones Act product tanker that has been constructed for the company by Philly Shipyard Inc.
Indian Oil holds tender for two LNG cargoes
According to Reuters, Indian Oil Corp. is currently holding a tender to purchase two cargoes of LNG for delivery in October 2016.
PGNiG CFO says the company may stop buying gas from Gazprom
According to Reuters, the CFO of PGNiG has said that the Polish gas firm may stop gas purchases from Gazprom in the future, due to diversification of supply.