Höegh LNG merger with Morgan Stanley is opposed by key Spanish shareholder ahead of Bermuda vote
A Spanish equity fund, which holds a 15 percent stake in Norwegian LNG fleet owner Höegh LNG Holdings, said it planned to vote against the takeover offer led by Morgan Stanley and Höegh family interests at a meeting scheduled for March 30 at Höegh’s registered office in Bermuda.
Equinor sells US Bakken shale assets and reports LNG negatives for Tanzania and Hammerfest
Equinor of Norway, the largest natural gas producer in Western European fields, said it was selling its assets in the oil-rich Bakken shale formation in the US states of North Dakota and Montana as it reported quarterly and annual losses and wrote-down assets by almost $1 billion on the Tanzania LNG project.
Höegh LNG looks ahead in still solid market for floating LNG import terminal projects worldwide
Höegh LNG, the Norwegian project company and fleet owner, said the market for floating LNG import solutions was still solid and it was progressing with ventures in Latin America, the Mediterranean region and Australia as it reported first-quarter gross income of $59.6 million and a net loss of $1M.
