Articles Tagged "Gas Company News"

Teekay LNG Partners Secures Interest in 4 LNG Newbuildings

Teekay LNG Partners L.P. (NYSE:TGP) has acquired ownership interests in four 174,000 cubic meter Tri-Fuel Diesel Electric liquefied natural gas (LNG) carrier newbuildings from BG Group (LSE:BG). The vesels will be constructed by Hudong-Zhonghua Shipbuilding (Group) Co., Ltd. in China and are scheduled to deliver between September 2017 and January 2019. Each newbuilding will operate under a 20-year time-charter contract, plus extension options, with Methane Services Limited, a wholly-owned subsidiary of BG.

Panterra Resource Enters Purchase and Sale Agreement, Announces Bought Deal Financing

PanTerra Resource Corp. (TSXV:PRC) has entered into an arm's length purchase and sale agreement dated June 11, 2014 with a public Canadian oil and gas company to acquire certain natural gas assets located in Alberta and British Columbia effective as of April 1, 2014, for consideration of $120.0 million in cash, subject to adjustments.