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 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.