In this issue

 

Our Asia editor

US company Murphy Oil is advancing with plans to produce liquefied natural gas from a floating liquefaction plant offshore Malaysia by 2020 and another of its developments will underpin more LNG output in the Asian nation of Brunei from an established onshore plant.

Our Europe editor

The Intercontinental Exchange (ICE), the operator of global pricing and clearing for energy and commodities, has made the ICE Endex European pricing and trading platform a fully-owned subsidiary after acquiring the remaining shares held by Dutch natural gas transmission company Gasunie.

Stolt-Nielsen, the Norwegian-listed shipping and storage company with small-scale LNG project plans on the Italian Island of Sardinia and in Scotland, posted a second-quarter drop in net profit of around 60 percent to $15.6 million compared with $38.0M in the year-ago quarter.

Our Europe editor

US energy services company Baker Hughes and GE’s oil and gas business, which provides LNG equipment from gas turbines to pumps and gearing technology, have completed their transaction to form a new company called BHGE to offer services across the full value chain of the oil and gas sector.

CB&I, the US energy engineering company, was awarded a contract valued at nearly $200 million by Venture Global LNG, a US-based project developer based in Washington DC, to construct two LNG storage tanks for the company's proposed Calcasieu Pass export facility in southwest Louisiana.

CB&I, the US energy engineering company currently working on projects such as the liquefaction export plants on the US Gulf Coast, Cameron LNG and Freeport LNG, said that Patrick K. Mullen had formally assumed his roles as President and Chief Executive.

Our Asia editor

Singapore shipyard Keppel Offshore and Marine said it would soon deliver the world's first converted Floating Liquefaction Vessel (FLNGV) owned by Norwegian project company Golar LNG and set to be deployed offshore the West African nation of Cameroon.

Norwegian-based consultancy and services company Add Energy was awarded a contract as part of the development of the Angelin natural gas field by BP in Trinidad to supply more feed-gas for the Atlantic LNG liquefaction and export plant at Point Fortin.

Our North America editor in New York

Alaska LNG project leader, Alaska Gasline Development Corp. (AGDC), signed a memorandum of understanding with Korea Gas Corp. in Washington DC to cooperate on several aspects of the liquefaction and export venture.

Our Europe editor

The French Channel port of Dunkirk and the Dunkirk LNG terminal have signed an agreement to jointly develop a bunkering station for LNG as part of the build-out of clean-fuel infrastructure in Northwest Europe for ships and trucks.

Sweden’s natural gas transmission company Swedegas said it was investing in liquefied natural gas bunkering facilities at the quayside of the Port of Gothenburg, where vessels will be able to refuel with LNG while loading or unloading their cargoes.

Dutch company Rolande LNG has taken over ENN Clean Fuels, a small European unit of the huge Chinese operator ENN Energy Holdings, to expand its network of liquefied natural gas fueling stations for trucks.

Our North America editor in New York

Chart Industries, the US maker of liquefied natural gas liquefaction and storage equipment, has entered into an agreement to acquire its smaller US sector rival Hudson Products Corp. for $410 million in cash to boost its core business.

A US bankruptcy court has confirmed a reorganization plan for the Emas Chiyoda Subsea venture partly owned by Japanese engineering and construction company Chiyoda, the main competitor to Bechtel of the US in building LNG liquefaction and export plants.

News Nudges

Texas waterway to upgrade

The Corpus Christi Ship Channel on the Texas Gulf Coast, which could become an important LNG shipping destination for the second wave of US exports, is planning a $327 million upgrade. The project will be run by the Port of Corpus Christi Authority Commission and the US Army Corps of Engineers and will involve the deepening and widening of the Channel. The project plans to widen the Channel to 530 feet, with additional barge shelves, to allow for two-way vessel and barge traffic. The Channel will also be deepened to 54 feet (Mean Lower Low Water) to allow for the safe passage of deep-draft vessels.


Cheniere to raise $1.5bln

Cheniere Energy, operator of the Sabine Pass export plant in Louisiana and the developer of more liquefaction Trains, has increased its offering of Senior Notes, a first-call form of debt security, from $1 billion to $1.5Bln. The notes will bear interest at a rate of 5.25 percent per annum and will mature in October 2025. The closing of the debt offering is expected on September 18. Cheniere said it intended to use the net proceeds to pay down a portion of some of its outstanding term loans.


Two cargoes for Mexico

The 141,000 cubic metres capacity “LNG Adamawa” will unload a shipment on September 28 at the Mexican Altamira import terminal on the Gulf of Mexico coast from the Nigerian LNG plant on Bonny Island. The 145,700 cubic metres capacity carrier “Tangguh Jaya” carrier is scheduled to deliver an Indonesian cargo on October 5 to the Costa Azul terminal, owned by US utility Sempra Energy, and located on the Pacific Coast of Mexico, near the town of Ensenada.