Turkey signed a deal with Exxon Mobile to secure LNG in a bid to diversify the country's energy sources while in the Middle East, ADNOC signed a deal with to supply Germany's energy giant EnBW with LNG from its low-carbon Ruwais LNG facility.
Here's a snapshot of the deals that caught headlines this week:
Harbour Energy gains access to $5bn Wintershall bonds as merger picks up pace
UK-listed energy independent Harbour Energy has gained access to up to USD 4.9 billion in bonds and USD 2.15 billion in cash held by Wintershall Dea as the former processes its acquisition of Wintershall’s upstream assets.
From Al Gore’s GIM to Canada Pension Plan, backers boosted Octopus Energy to $9bn – here's why
Octopus Energy became the UK’s largest electricity supplier, surpassing Centrica-owned British Gas, according to Ofgem data released in April. A global energy and technology group, Octopus Energy, was valued at over US$ 2 billion in 2020. The latest valuation represents a more than four-fold increase in the past four years.
ADNOC inks Ruwais LNG offtake agreement with Germany’s EnBW
German energy giant EnBW has secured a 15-year agreement with ADNOC Gas’ 9.6 mtpa Ruwais LNG project for 0.6 mtpa of LNG, from 2028.This is the third agreement for ADNOC to supply from its low-carbon Ruwais LNG facility, which is targeted to meet final investment decision in 2024.
Turkey signs long-term LNG deal with ExxonMobil
Turkey's state gas grid operator BOTAS signed an LNG trade deal with ExxonMobil on Wednesday, the Turkish energy minister said, in a bid to diversify resources.
Nakilat inks deal for nine more LNG newbuilds with QatarEnergy
Qatari gas shipping giant Nakilat has signed a long-term agreement to charter and operate nine QC-Max class LNG vessels, as part of QatarEnergy’s program to expand its fleet of LNG carriers.
McDermott scoops up multimillion-dollar job at TotalEnergies’ LNG project
CB&I, a wholly owned unrestricted subsidiary of U.S. offshore engineering and construction player McDermott, has landed a new assignment in the Middle East with France’s energy giant TotalEnergies, which will enable it to work on a solar-powered liquefied natural gas (LNG) project in Oman.
Kimmeridge Plans to Invest More in US LNG Despite Biden’s Pause
Kimmeridge Energy Management Co. plans to continue to invest in the US liquefied natural gas export industry, even though new permitting is on hold while the Biden administration scrutinizes the sector.
The UK’s Dragon LNG terminal in Milford Haven, equally owned by LNG giant Shell and a unit of infrastructure investment manager Ancala, has contracted Australian engineering firm Worley to conduct a study on integrating LNG regasification and CO2 liquefaction processes.
Photo: Chayanuphol/Shutterstock
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