LNG

Occidental Petroleum Corp., the winner of the bidding last year for Anadarko Petroleum and its Mozambique LNG prize, has asked for bids by July 1 for oil and gas properties in the US states of Wyoming and Colorado as it is brought low by debt.

Rand Merchant Bank, the South African investment banking arm of the largest financial services group in Africa, FirstRand Ltd, has joined the lending consortium for the Mozambique LNG export project.

Saipem, the Italian engineering and subsea company working on feed-gas projects for Mozambique LNG, welcomed the added security of the arrival in waters offshore the southeast African nation of a French naval frigate.