LNG

Sembcorp Marine of Singapore has completed the acquisition of the intellectual property rights of Oslo-listed Sevan Marine for US$39 million, including the Sevan subsidiary HiLoad LNG and in an additional purchase has bought the outstanding 5 percent of HiLoad held by a minority shareholder.

Sembcorp Marine of Singapore has raised its purchase price for the acquisition of the intellectual property rights of Oslo-listed Sevan Marine to US$39 million from US$28 million and including the Sevan subsidiary HiLoad LNG.