LNG

Indonesia said executives from Norway's Höegh LNG have held talks in Jakarta about the setting up an LNG import facility using a floating storage and regasification vessel in Medan in North Sumatra after winning a tender. The country's natural gas network company, Perusahaan Gas Negara (PGN), is establishing a network…

Statoil has bought out the interests of US energy company Hess in the Snøhvit natural gas field in the Barents Sea and in the Hammerfest LNG plant, which is the subject of expansion studies. New York-based Hess had 3.26 percent ownership in the Barents Sea Snøhvit Unit and adjacent production…

Technip, the LNG and energy engineering company, is taking a large stake in French company Cybernétix, whose 150 engineers and technicians operate robotics in deep sea environments where Technip is boosting its presence in areas such as Floating LNG. Technip said it had received commitments from three parties, Askoad Conseil,…

Sempra LNG earned $24 million in the third quarter of 2011, up from $5M in the same period a year ago, due primarily to additional revenues from contracted deliveries that were never made. The LNG unit of San Diego-based Sempra Energy has two LNG regasification terminals where capacity is contracted,…