Thursday, 30 November 2006 10:59
KBR sale to test global LNG market
Halliburton, the largest energy services company in the US and a key LNG contractor, will release details in the next couple of weeks about the future of its KBR business.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
The company is likely to announce that some parts of the business will be sold off and a separate company is expected to emerge from the engineering and construction unit that could be worth as much as $6 billion.
Halliburton is pushing forward with a plan muted since 2004 to sell KBR to investors as a separate company. It will start the process with a sale to investors in about six months’ time of 20 percent of KBR in an initial public offering.
Published in
Feb 06
Thursday, 30 November 2006 10:55
Long-term LNG contracts develop as liquefaction facilities increase
By Philip R. Weems Partner King & Spalding LLP
This article is the second in a three-part series examining the evolution of long-term LNG sales contracts. The first part of the series addressed trends and issues in the 1960s and 1970s. In this issue the author highlights some of the key features of such contracts in the 1980s and 1990s, many driven at least in part by the rise in project financed liquefaction facilities and the increased number of players in the market. The final part of this series will address trends and issues in the 2000s.
This article is the second in a three-part series examining the evolution of long-term LNG sales contracts. The first part of the series addressed trends and issues in the 1960s and 1970s. In this issue the author highlights some of the key features of such contracts in the 1980s and 1990s, many driven at least in part by the rise in project financed liquefaction facilities and the increased number of players in the market. The final part of this series will address trends and issues in the 2000s.
Published in
Feb 06
Tuesday, 28 November 2006 13:05
LNG terminal trends and choice advance
Chris Pashalis, President FMC Technologies SA
The present high prices of natural gas coupled to high demand for electricity and the inherent flexibility offered by LNG, have led to a considerable increase in the number of offloading terminals that will be required.
LNG demand is forecast to continue to rise by about 7 percent a year and go from 138.5 million tonnes in 2005 to 196-232 million tonnes in 2010 and 310-375 million tonnes by 2020.
Published in
March 06
Tuesday, 07 November 2006 11:44
Soft quay mooring option for offshore loading
Jean Pierre Queau and Leen Poldervaart, Single Buoy Moorings Inc., Monaco
The Soft Quay Mooring LNG system combines known technology and operating experience to enable the offshore industry to affect the offshore transfer of LNG.
Single Buoy Moorings Inc. is experienced in the development, design, supply and operation of Single Point Mooring (SPM) terminals for large tankers and transferring crude oil without building port facilities, and also of Floating Production, Storage and Offloading (FPSO) units.
For the development of concepts for the LNG offshore business, with the standard manifold and mooring equipment on the LNG carrier, side-by-side (SBS) loading is the obvious choice.
The Soft Quay Mooring LNG system combines known technology and operating experience to enable the offshore industry to affect the offshore transfer of LNG.
Single Buoy Moorings Inc. is experienced in the development, design, supply and operation of Single Point Mooring (SPM) terminals for large tankers and transferring crude oil without building port facilities, and also of Floating Production, Storage and Offloading (FPSO) units.
For the development of concepts for the LNG offshore business, with the standard manifold and mooring equipment on the LNG carrier, side-by-side (SBS) loading is the obvious choice.
Published in
June 2006
