LNG News Highlights: Temasek Exits Cheniere Energy, Inc. (LNG), Chevron Corporation (CVX) Confirms Oil Leak, Clean Energy Fuels Corp (CLNE) Deals

Editor’s Note: Cheniere Energy, Inc. (NYSEMKT:LNG), Chevron Corporation (NYSE:CVX), Clean Energy Fuels Corp (NASDAQ:CLNE)

Temasek exits Cheniere Energy stake (FT)
Temasek, Singapore’s state-owned investor, has sold its 4 per cent stake in Cheniere Energy, Inc. (NYSEMKT:LNG), a US liquefied natural gas export terminal builder, just 15 months after it unveiled the purchase as part of its “longer term interest” in the energy sector. The move is a sign of Temasek’s willingness as a self-professed “active investor” to act opportunistically to realise profits.

Chevron Corporation (NYSE:CVX)Chevron Officials Confirm Oil Leak (PM News)
A leakage in a gas field operated by Chevron Corporation (NYSE:CVX) in the Atlantic Ocean off Bayelsa coastline has led to the discharge of crude oil and gas into the environment, community sources revealed. The sources said that the incident occurred at Funiwa Deep 1A natural gas well location in the Funiwa field, operated by Chevron Nigeria Ltd. Mr. Adeyinka Adewumi, the Head of National Oil Spills Detection and Response Agency (NOSDRA) in Port Harcourt Zone, confirmed the development to the News Agency of Nigeria (NAN) in Yenagoa on Thursday.

Clean Energy Inks Fleet, Fuel Site Deals (Trasport Topics)
Clean Energy Fuels Corp (NASDAQ:CLNE) announced a trio of deals aimed at expanding the reach and use of natural gas fuel. The company specializes in building out natural-gas fueling infrastructure for trucking. The company said that it has signed a fueling agreement with Fox Transportation, which plans to deploy more than 100 compressed natural gas medium-duty trucks in the next few months, Clean Energy said. Fox’s trucks will fuel up at Clean Energy stations throughout Southern California.

Total Parco to acquire Chevron Pakistan (Dawn.com)
Chevron Corporation (NYSE:CVX) has signed an agreement to sell Chevron Pakistan Limited, the entity which holds the Chevron retail, commercial and industrial sales, and aviation fuels businesses and is a shareholder in the PAPCO pipeline, to Total Parco Pakistan Limited. This agreement, which is subject to court and regulatory approval, is expected to be completed by first half of 2014. Chevron Corporation (NYSE:CVX) will retain its lubricant business in Pakistan.

Chesapeake sells all Clean Energy Fuels investments (Reuters)
Leading natural gas producer Chesapeake Energy Corp has exited its investments in Clean Energy Fuels Corp (NASDAQ:CLNE), which provides natural gas fuel for transportation, according to Chesapeake’s quarterly filing on Tuesday. Chesapeake said the carrying value of its $10 million investment in a 1.1 percent stake in the 17-year-old company, backed by Texas oil billionaire T. Boone Pickens, had increased by $3 million before the stake sale last month.

Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Richest Doctors in the World

The Best Movie Sountracks Ever

The Highest Grossing Musicals on Broadway

The Most Successful Reality TV Stars

Cheapest Cities to Visit in the US

Most Expensive Summer Camps

Most Expensive Animals in the World

Most Expensive Specialty Crops in the World

Movies That Took Ages to Make

The Longest Hollywood Films Ever Made

Most Expensive Concert Stages

The Richest Bands of all Time

10 Most Corrupt Countries 2013 List

10 Countries with the Highest Quality of Life Index

Most Expensive Mattresses in the World

5 Smallest Countries by Land Area

The Ultimate Heartbreak Songs

Richest Teenagers in the World

10 Most Haunted Places in America

10 Best Places to Retire in Florida East Coast

Top 10 Places to See Before You Die

Top 8 Countries in the World Where Justice Prevails

10 Richest States in America

15 Wealthiest Countries in the World

Richest Singers in the World

Most Expensive Tasting Menu in New York City

Most Expensive Baby Items in the World

Most Expensive Hotel Suites in Vegas

Most Expensive Brunch in New York City

Most Expensive Beef Cuts in the World

25 Best Colleges to Get a Job

Top 10 US Supermarkets

The 25 Most Dangerous Cities in the World to Visit

Most Expensive Xbox Games

Top 11 Cities Where Billionaires Live

Top 10 Most Charitable Companies in America

Most Expensive Seafood in the World

The 10 Wildest Conspiracy Theories

The 10 Best Job Markets in the US

Top 10 Accounting Scandals of All Time

The 25 Biggest Cities in the World

Top 10 Best Paying Virtual Jobs

Most Expensive Leather Shoes in the World

Top 6 Things to Buy in March

The 10 Most Stressful Jobs in America – 2014 List

Top 10 Jobs for Introverted People

Top 10 Honeymoon Destinations in the World

Top 10 Highest Paying Jobs in the World

Most Expensive Day-Care in New York City

The 10 Cheapest Places to Retire Abroad

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!