LNG

Invensys Process Systems, a unit of the London-based company which uses computer-based solutions for the automation and regulation of plant operations, said it was selected to implement the operator training simulation system for Cheniere Energy's Sabine Pass LNG receiving terminal being built in Cameron Parish, Louisiana.

Qatar Petroleum and Marubeni Corp. of Japan have signed a heads of agreement for the sale of approximately one million tonnes per annum of LNG from the Qatargas 4 project in which the Japanese company will also be offered an equity stake.

California Governor Arnold Schwarzenegger voiced his support for LNG in the state, a day after a state commission voted to deny Australia’s BHP Billiton permission for a regasification terminal off the coast of Malibu. 

In the first-ever European class settlement of securities fraud claims, a group of more than four dozen European institutional investors has agreed to resolve all claims against Royal Dutch Shell, the leading LNG company, for an agreed settlement of about $450 million over Shell’s allegedly improper reporting of its proven…