LNG

Australian Energy company AWE, a stakeholder in the largest onshore natural gas discovery in Western Australia for 40 years, has become the subject of a takeover battle between a Chinese state-owned company and an Australian mining business, Mineral Resources, amid plans for gas to be shipped as LNG from western to eastern Australia.

July 6 (LNGJ) - SNC-Lavalin Group Inc., the Canadian energy and LNG engineering company based in Montreal, has completed its 2.1 billion pounds (US$2.8Bln) acquisition of WS Atkins, the UK-based engineering consultancy. “SNC-Lavalin is continuing to deliver on its strategy of establishing itself in the top 3 in our industry globally,” said Neil Bruce, President and Chief Executive of SNC-Lavalin. “By combining our two highly complementary businesses, we are solidifying SNC-Lavalin's position as one of the largest fully integrated professional services firms in the world, while improving our margins and balancing our business portfolio,” added Bruce. SNC-Lavalin in 2014 took over the UK-listed energy and contracting company Kentz Group to gain a better foothold in the global LNG and energy construction industry.