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.

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

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!