Friday, December 27, 2024

LNG Titans Clash over Contract Terms

Japan wants better prices, less restrictions; Qatar says not so fast The advent and growth of global LNG production and shipping has brought energy to markets with little or no access to natural gas for domestic use. Countries in Asia have relied on importing LNG to fuel economic growth by providing fuel that powers manufacturing and industrial commerce. But what

With Strengthened Balance Sheet, Kinder Morgan Gives FID to Trans Mountain Expansion

KMI’s successful Canadian IPO provides cash to pay down debt, clearing path for Trans Mountain FID “Upon the completion of the IPO, we will have secured satisfactory financing for the Trans Mountain Expansion Project,” Kinder Morgan CEO Steve Kean said in a statement on May 25, 2017. The company’s Canadian business IPO was completed today and the shares began trading

Ensco Acquires Atwood Oceanics for $860 Million

Combined company worth $6.9 billion Ensco (ticker: ESV) and Atwood Oceanics (ticker: ATW) announced a merger agreement today, with Ensco acquiring Atwood in an all-stock transaction worth $860 million. According to the Houston Business Journal, the merger will create a combined company worth $6.9 billion. Ensco is one of the largest offshore drilling companies in the world. The company owns