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.

Singapore LNG cargo indices for October gathered pace to be around US$10.70 per million British thermal units and to more than $11.00 per MMBtu for North Asia cargoes and Dubai-Kuwait-India shipments through the first half of November as front-month crude oil prices remained firm.