Canadian E.Coast LNG Export Plans Progress Shell Deal
Pieridae Energy moved closer to building a liquefied natural gas (LNG) export terminal on Canada's East Coast after taking ownership of fields from Royal Dutch Shell which will feed gas into the plant, the company said.The Goldboro LNG terminal would be the first on Canada's East Coast and compete with the growing number of plants on the U.S. Gulf Coast, hoping its shorter distance to Europe and further west will help sell its LNG by cutting shipping costs.Pieridae said in…
Pieridae Mulls Extensions with Uniper
Canadian energy company has negotiated extensions of the key deadlines under its 20-year agreement with German energy trader Uniper.These include expected commercial deliveries of LNG gas to Uniper to start between November 30, 2024 and May 31, 2025, and the extension of the deadline to make a positive financial investment decision (FID) for the company’s proposed Goldboro LNG facility to September 30, 2020.The 20-year agreement with Uniper is for half the liquefied natural…
Lamprell Appoints New CEO
Lamprell a leading provider of diversified fabrication, engineering and contracting services to the onshore and offshore oil & gas and renewable energy industries has appointed Christopher McDonald as Chief Executive Officer and director effective 1 October 2016, succeeding Jim Moffat who will be retiring from the Company as previously announced. Prior to his appointment, Mr McDonald held the position of Executive Vice President and Group Head of Business Development with Petrofac based in the UAE where he had overall accountability for global sales for the company.
Woods Promoted at Exxon Mobil Corporation
Darren W. Woods has been elected president of Exxon Mobil Corporation and a member of the board of directors, effective January 1, 2016. The election of Woods, who is currently senior vice president of the corporation, was made during a meeting of the ExxonMobil board of directors on Wednesday. With the addition of Woods, the ExxonMobil board is comprised of 13 directors, 11 of whom are non-employee directors. Rex W. Tillerson, 63, continues his position of chairman of the board and chief executive officer of the corporation.
Baksht Succeeds Swent as Ensco CFO
Ensco plc has named Jon Baksht the company’s new chief financial officer based in London, succeeding Jay Swent, who will retire at year end. Baksht was most recently vice president - finance after joining Ensco as vice president - treasurer. His professional career includes experience in investment banking and consulting. Baksht has an MBA from the Kellogg School of Management at Northwestern University and a BS in electrical engineering from the University of Texas. Supply…
National Oilwell Varco Appoints Senior VP & CFO
Oilfield equipment manufacturer National Oilwell Varco, Inc. has named Jose A. Bayardo as its new Senior Vice President and Chief Financial Officer effective August 28, the company announced today. Bayardo succeeds Scott K. Duff, Interim Chief Financial Officer, who will continue to serve as the company’s Vice President, Corporate Controller and Chief Accounting Officer. Prior to joining National Oilwell Varco, Bayardo served as Senior Vice President, Resource and Business Development at Continental Resources, Inc.
Magnolia LNG Project Moves Ahead
Liquefied Natural Gas Limited informed that its wholly owned subsidiary, Magnolia LNG LLC (MLNG) has taken two significant steps in readiness for the engineering, procurement, construction and commissioning (EPCC) phase of the Magnolia LNG Project to be located in Lake Charles, Louisiana, USA. In early January 2015, MLNG had initialled off on the EPCC contract with SK E&C Group. Kellogg Brown & Root LLC (KBR) then joined the Magnolia LNG project as the lead partner in an integrated joint venture with SK E&C (together, the KBR‐SK joint venture, or KSJV).
Magnolia Inks Deal with KBR
Magnolia LNG LLC (MLNG), wholly owned subsidiary of Liquefied Natural Gas Limited executed a Technical Services Agreement (TSA) with Kellogg Brown & Root LLC, a wholly owned subsidiary of KBR, Inc. (KBR) to undertake cost verification and provide other services supporting MLNG project delivery. KBR is a global leader in the LNG EPC business, having been involved in the delivery of about one third of the world’s current LNG production capacity. It is proposed that KBR and SKEC…
Kellogg: Targets for Suppliers Carbon Cuts Set
Global food giant Kellogg's will set targets to cut greenhouse gas emissions from its worldwide supply chain, it announced Wednesday, responding to consumer pressure to be accountable for its contribution to climate change. The maker of popular cereal Corn Flakes and potato chips Pringles announced a series of new climate policy measures, including targets to be set by December 2015 that would be consistent with a global effort aimed at preventing average temperatures from rising more than 2 degrees Celcius.
