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.
Front-End Loading gets underway UE LNG site in Houston
United Energy LNG (UE LNG) is working on a scalable liquefaction platform to serve industry, power gen, and transport markets. Front-End Loading (FEL) Phase 1 is underway at a site in Houston, a second site is underway, and a third site in Kansas set to start FEL in a few days.
McDermott and CB&I agree $6Bln all-share deal for energy and LNG engineering merger
US energy and LNG engineering companies McDermott International and Chicago Bridge & Iron Company (CB&I) have agreed to merge in an all-stock transaction valued at $6 billion to create a larger onshore-offshore operation to target engineering, procurement and construction contracts.
FortisBC may have to put Tilbury LNG expansion on hold
Canada’s largest private utility FortisBC is eager to find alternative offtakers from its Tilbury LNG facility after a deal with Hawaiian Electric faltered. Expansion of the Tilbury site is now at risk - the timeline will be pushed back, if no alternative buyer can be found.
French-US LNG and energy merger of Technip and FMC creates combination worth $13Bln
French LNG and energy project engineering company Technip and US operator FMC Technologies have agreed to merge to create a combination valued at $13 billion and a leader in the global subsea sector.
