Shell pauses $3bn buyback, lifts LNG Canada feedgas exposure
Shell has temporarily suspended its $3 billion share buyback programme, citing legal constraints linked to its pending acquisition of ARC Resources. The $16.4 billion deal would expand Shell’s position in the Montney Shale – a key source of feedgas supply for LNG Canada.
Asian private E&P capital on the lookout for US LNG-linked assets
Private capital from Asian exploration and production (E&P) investor are flocking to the North American market in search for LNG-linked assets. Deal flow is shaped by a ‘merger of equals’ as consolidation among Canada’s Montney shale producers accelerates, and Asian buyers seek to get their hands on shale and LNG-linked assets in the US.
Prime Infra buys 60% of First Gen gas power, LNG assets
Prime Infrastructure Capital has completed its $850 million (PHP 50 billion) acquisition of a 60% stake in First Gen’s gas subsidiaries, giving it control of the Batangas LNG import terminal and more than 3,200 MW of gas-fired capacity.
Merger of Technip and FMC to form major LNG and subsea player approved by shareholders
French energy and LNG engineering company Technip and subsea operator FMC Technologies said that their respective shareholders had voted to approve their proposed $13 billion merger, now expected to formally take place in early 2017.
Australian Woodside raises Brazil LNG hope
Technip shares jump on Saipem merger reports
Technip, Europe's leading LNG engineering firm, saw its shares jump Friday amid speculation it could merge with Italian rivals Saipem and Snamprogetti to create a world leader in LNG plant and terminal construction.
