Tagged New York

NFE buys Hygo and Golar LNG Partners for $5 bn

By Sanja Pekic New York City-based New Fortress Energy has lined up a $5 billion deal to acquire Hygo Energy Transition and Golar LNG Partners. The post NFE buys Hygo and Golar LNG Partners for $5 bn appeared first on Offshore Energy. Read Full Article Here For more great articles: LNG World News

Hermitage drops pursuit of NYSE listing appeal

By Nermina Kulovic Hermitage Offshore Services has decided to withdraw its appeal of the New York Stock Exchange’s (NYSE) determination to delist the company’s common shares. The post Hermitage drops pursuit of NYSE… … Read Full Article Here For more great articles: Offshore Energy Today

NFE inks LNG MoU with PNOC

By Adnan Bajic New York City-based New Fortress Energy has signed a Memorandum of Understanding with PNOC to develop LNG-to-power infrastructure in the Philippines. Illustration. Courtesy of New Fortress Energy Under the deal, the Philippine National Oil Company and NFE work together to identify potential opportunities to accelerate the development of LNG and power infrastructure…

NYSE suspends Hermitage stock from trading

By Bojan Lepic Offshore vessel operator Hermitage Offshore Services, formerly known as Nordic American Offshore, has received notification from the New York Stock Exchange (NYSE) that its common stock was suspended… … Read Full Article Here For more great articles: Offshore Energy Today

Borr Drilling hit with fresh NYSE listing warning

By Nermina Kulovic Offshore drilling contractor Borr Drilling has received its second continued listing standard warning from the New York Stock Exchange (NYSE) in a span of three months. The post Borr Drilling hit… … Read Full Article Here For more great articles: Offshore Energy Today

NYSE to delist Valaris stock following Chapter 11 filing

By Nermina Kulovic Valaris has received a notice of immediate suspension of trading and delisting of common stock from the New York Stock Exchange (NYSE). The post NYSE to delist Valaris stock following Chapter 11… … Read Full Article Here For more great articles: Offshore Energy Today

GasLog takes newbuild LNG tanker delivery, agrees $1 bln refinancing

By Adnan Bajic Greece-based LNG shipping company GasLog has taken delivery of GasLog Westminster from the South Korean Samsung Heavy Industries shipyard. Courtesy of GasLog The vessel has a 180,000 cubic meter cargo capacity and features X-DF propulsion and Mark III Flex containment system. GasLog noted in its statement that the LNG tanker was delivered…

New Fortress Energy terminates Centrica LNG deal

By Adnan Bajic New York City-based New Fortress Energy has terminated its LNG supply agreement with Centrica. Courtesy of New Fortress Energy New Fortress Energy has decided against purchasing any additional LNG from Centrica for the remainder of 2020 in exchange for a payment of $105 million. As a result, New Fortress will now be…

Glenfarne extends LNG footprint with Magnolia buy

By Adnan Bajic New York-based private energy and infrastructure development company Glenfarne Group confirmed it stands behind the acquisition of the Magnolia LNG project in Louisiana. Courtesy of LNG limited Glenfarne noted the acquisition of the project was completed through its newly formed unit Magnolia LNG Holdings. Magnolia LNG is an 8 million tonnes per…

GasLog CFO steps down

By Adnan Bajic LNG shipper GasLog said that its chief financial officer (CFO) Alastair Maxwell has decided to step down from his position. Following the company’s decision to base its senior management in Greece, Maxwell decided not to relocate and will step down on June 30, 2020. GasLog and its New York-listed spinoff GasLog Partners…