Mergers & Acquisitions

Santos to sell Darwin LNG and Bayu-Undan stakes

Santos has agreed to sell 25% stakes in the Darwin LNG project and the Bayu-Undan gas field to SK E&S for $390 million. The...

CLEANCOR acquires Palm Springs LNG Fueling Station

SEACOR Holdings subsidiary, CLEANCOR Energy Solutions, has acquired an LNG and CNG fueling station in Palm Springs, California. The attended card lock facility provides services for over-the-road drayage...

GTT purchases smart shipping designer Marorka

French LNG engineering specialist GTT has acquired 100% of Iceland-based maritime energy monitoring and optimization system designer Marorka’s share capital. The company was purchased in cash...

Elengy takes full Control of Fosmax LNG

French oil major Total has sold its interest in the operator of the Fos Cavaou LNG Terminal to Elengy. Total held a 27.5% interest...

HAM Group expands Portfolio with FNX Acquisition

HAM Group acquired FNX Liquid Natural Gas S.L. FNX is based in the Basque region of Spain and specializes in creation and setup of small-scale natural...

Total takes over Toshiba’s LNG Portfolio

Total Holdings SAS is now a Freeport LNG customer. Specifically, Total recently took control of Toshiba Corporation’s complete liquified natural gas (LNG) portfolio. That...

Arctic LNG 2 has Sufficient Participation Interests

The China National Petroleum Corporation, Mitsui & Co, and Japan Oil, Gas and Metals National Corporation are the participation interests in Arctic LNG 2. “We...

CNPC Purchases Stake in Arctic LNG 2

China Natural Petroleum Corporation purchased a 10% stake in the Arctic LNG 2 project through a Share Purchase Agreement signed with PAO NOVATEK. Closure...

CNOOC Purchases Stake In Arctic LNG 2

China National Offshore Oil Corporation and CEPR, a subsidiary of CNOOC, purchased a 10% stake in the Artic LNG 2 project through a Share...

CNOOC and JSC NOVATEK sign Agreement for Arctic LNG 2

CNOOC Limited signed a Heads of Agreement (HoA) with the Russian gas producer JSC NOVATEK to acquire 10% interest in the Arctic LNG 2...

NextDecade expects $21 Million from Series B Sale

NextDecade is expected to receive about $21 million from the sale of Series B Convertible Preferred Stock. This transaction marks the sale of their remaining Series...

Santos Acquires portion of P’nyang

Santos signals their plan for expansion by signing a binding letter of intent (LOI) to acquire a 14.3% interest in Petroleum Retention License 3...

Total enters into $500M HoA for Driftwood LNG

Total has signed a Heads of Agreement (HoA) with Tellurian for Total to enter a $500 million equity investment in the Driftwood LNG project....

JERA Global Markets (JERAGM) Merger Complete

JERA Co. Inc and EDF Trading Limited have completed the merger of their liquified natural gas (LNG) trading and optimization processes. The result of the merger...

Uniper sells interest in OLT to First State Investments

Uniper has decided to divest its 48.2% stake in OLT Offshore LNG. The company held this interest as a financial investment and is divesting...

Pao Novatek Sells 10% Stake in Arctic LNG 2 Project

Pao Novatek now holds a 90% interest in the Arctic LNG 2 project after agreeing to sell a 10% stake to Total S.A. The...

Total joins Novatek for Arctic LNG 2 Project

After reaching a definitive agreement, Total has acquired a 10% direct interest in Arctic LNG 2. Total already had a 19.4% interest in Novatek,...

Petronet to Grow Imports with Tellurian’s Driftwood Project

Petronet LNG Limited INDIA (PLL) signed a memorandum of understanding (MOU) regarding interest in investing in Tellurian Inc’s Driftwood project. The project is expected to include...

Bechtel Makes $50 Million Investment in Tellurian

Tellurian Inc. announced that Bechtel Oil, Gas and Chemicals, Inc. made a $50 million preferred equity investment in their company. Leadership from both Bechtel and Tellurian...