LNG

Swiss commodity trading house Gunvor is in talks to buy US upstream acreage – notably Baytex Energy assets in the Eagle Ford shale – in a bid to mend relations with the Trump administration, which had fiercely opposed Gunvor’s earlier bid for Lukoil’s foreign assets.

Swiss power technology group ABB has won a five-year contract to deliver equipment and services for the Royal Dutch Shell Prelude Floating LNG hull to be deployed offshore northwest Australia.