LNG

BG Group said it completed the transaction to sell a second and final 20 percent stake in the Quintero LNG regasification terminal in Chile but will continue as a supplier of cargoes to the Chilean market.

Canadian company Trinidad Drilling has begun work on building one of the largest and most technically-advanced land rigs to be used in the gas fields of British Columbia for LNG export projects.

Hoegh LNG said it had developed a new strategic plan for capitalisation and growth of its Floating LNG unit, with the main focus being a share sale and a separate listing on the Oslo stock exchange.

Det Norske Veritas, the Norwegian classification society, doubled its net profits as it strengthened its global position in key areas including LNG while progressing with its take-over of Hamburg-based European rival Germanischer Lloyd which it expects to close this month.