Logistec Acquires Gulf Stream Marine
Logistec Corporation announced the expansion of its network of terminals through the strategic acquisition of Gulf Stream Marine. This transaction will allow Logistec to establish a stronghold in the U.S. Gulf, strengthen its position in a high-growth market in the United States, provide access to an experienced talent pool, facilitate knowledge transfer between the two organizations, and generate immediate positive benefits to shareholders. This acquisition also represents a major expansion of our network of terminals in the USA. With Gulf Stream Marine's 10 terminals in 5 ports, Logistec's cargo handling activities now cover 58 terminals in 35 ports in North America.
LNG Finalizes Acquisition of Bear Head LNG Project
Liquefied Natural Gas Limited today informed having finalised the acquisition of 100% of Bear Head LNG Corporation (BHLC). This follows the announcement to the ASX by LNGL on 28 July 2014 regarding the signing of an agreement to acquire BHLC from a subsidiary of Anadarko Petroleum Corporation (Anadarko) for US$11.0 million, and the satisfaction of standard closing conditions and consents. This acquisition of BHLC is in line with LNGLās strategy of acquiring sites in North America where the Company can replicate its Magnolia LNG Project and fastātrack development by using its existing LNGL development team and its OSMR® technology. * A 255āacre site comprising industrialāzoned land (180 acres) and deepāwater acreage (75 acres) as well as foundations in place for two 180ā¦
LNG to Acquire Bear Head LNG Project in Canada for US$11 mi
Liquefied Natural Gas Limited today announced that it has significantly expanded its presence in the North American Liquefied NaturalGas (LNG) sector by signing an agreement to acquire 100% of Bear Head LNG Corporation (BHLC)from a subsidiary of Anadarko Petroleum Corporation (Anadarko) for US$11.0 million. A 255-acre site comprising industrial-zoned land (180 acres) and deep-water acreage (75 acres) as well as foundations in place for two 180,000 cubic meter LNG tanks. The land has been cleared, a majority of site works completed and roads constructed. The Project Rights of the previously proposed LNG import terminal, including all assets, rights and obligations associated with the Bear Head project.
OāConnell Joins Edoc as Regional Sales Manager
Edoc Systems Group Ltd., developers of Helm Marine Operations software, announced that Ged OāConnell will be joining the company as its new Regional Sales Manager. OāConnell, formerly the North American Sales Manager with Jeppesen, a Boeing Company, will manage sales operations for Edoc in the Eastern USA. āWeāre very pleased to bring Ged aboard,ā said Bill Reid, President of Edoc. āHis depth of experience on the inland and coastal waterways will be a boon to our expanding company.ā OāConnell comes to Edoc with over 35 years of waterways experienceā¦
Kelvin Hughes and Zener Marine Expand Operations in Dubai
Kelvin Hughes and Zener Marine are proud to announce the signing of a new distribution agreement which will include a full range of paper and digital charts and publications. ā¢ Paper and digital hydrographic charts and publications from Japan to the Baltic and Eastern USA along Panama with a concentration on Middle East coverage. ā¢ Technical Publications from the UKHO, IMO, ITU, Witherbys, Seamanship and more. ā¢ The Weems & Plath range of quality nautical instruments available in Dubai for the first time. Commenting on the new agreement, Mr D.S.
Statoil Quadruples LNG Capacity
Agreements concluded with America's Dominion energy company have secured Statoil a fourfold increase in its access to liquefied natural gas capacity in the US market. This will be achieved by expanding the Cove Point LNG terminal in Maryland and associated pipeline transportation capacity on the American east coast. "These agreements give us unique market access to the north-eastern USA, where gas demand is high and the market robust and liquid," says Peter Mellbye, executive vice president for Natural Gas in Statoil. The deals give Statoil access to terminal, storage and pipeline transportation totalling about 10 billion cubic metres of gas per year (1.05 billion cubic feet per day).
Statoil quadruples LNG capacity in USA
Agreements concluded with America's Dominion energy company have secured Statoil (OSE: STL, NYSE: STO) a fourfold increase in its access to liquefied natural gas capacity in the US market. This will be achieved by expanding the Cove Point LNG terminal in Maryland and associated pipeline transportation capacity on the American east coast. "These agreements give us unique market access to the north-eastern USA, where gas demand is high and the market robust and liquid," says Peter Mellbye, executive vice president for Natural Gas in Statoil. The deals give Statoil access to terminal, storage and pipeline transportation totalling about 10 billion cubic metres of gas per year (1.05 billion cubic feet per day).
