Daily News

Daily News (16513)

Children categories

Golar LNG, the company controlled by Norwegian shipping tycoon John Fredriksen, has signed two new Floating Storage and Regasification Unit contracts in the Middle East.
George P. Mitchell, the Texas oil man  and billionaire philanthropist who invented fracking that led to the US shale-gas boom and LNG exports, has left behind a rich legacy after his death aged 94 in his home town of Galveston, the port city on the Gulf coast.
Gasol, the London-based West African LNG and energy development company, said that Cornelia Meyer decided to step down from the board.
Liquefied Natural Gas Ltd., the Australian LNG project developer in Queensland and in the US state of Louisiana, has announced a share placement following on from the US Magnolia LNG project decision to take on board equity fund Stonepeak as a partner.
Teekay LNG has exercised options for two 173,000 cubic metres capacity LNG carriers to be built at Daewoo Shipbuilding and Marine Engineering in South Korea for delivery in 2016.
Free ReadGolar LNG, controlled by Norwegian shipping magnate John Fredriksen,  has secured a $1.125 billion financing agreement for the first eight of 13 newbuild LNG carriers and Floating Storage and Regasification Units it has ordered from South Korean shipyards. The financing is divided into three tranches. The first is a term loan…
Dynagas, the LNG shipping arm of the George Prokopiou shipping, has taken delivery of two ice-class membrane LNG carriers from the Hyundai Heavy Industry shipyard in Ulsan in South Korea.
BG Group said LNG Shipping and Marketing profits for the second quarter edged up 1 percent to $521 million compared with $517M in the same period last year despite fewer cargoes from Egypt and Nigeria.
The only Australian-led US export project, Magnolia LNG in Louisiana, has signed a project development and equity agreement with US equity fund Stonepeak, giving the fund 50 percent of  the venture in exchange for a US$660 million project equity requirement.
KBR, the US energy and LNG engineering company, has named Norwegian Jan Egil Braendeland as President of KBR's Oil & Gas business unit.