Construction - Project Updates

BlackRock, First Reserve Take $900 Million Stake In Mexico Pipeline Project

U.S.-based asset manager BlackRock Inc. and private-equity firm First Reserve took a roughly-$900 million joint stake in phase two of Mexico’s Los Ramones Pipeline project, state-owned Pemex said, Reuters reported. 


Expect Canadian LNG Export Projects To Linger: Shell

Canada could become one of the world's top LNG exporters, but projects have not been constructed, as roughly 110 million tonnes of government-approved export capacity await FIDs, Reuters said.


Port Arthur LNG Files For FERC Pre-File Review

The Sempra Energy subsidiary requested the pre-filing review for its proposed Port Arthur LNG facility in Port Arthur, Texas. It could handle about 10 million tonnes per year.

Director: Asset Optimization Gives Needed Boost During Tough Times

A consultant can evaluate a company’s assets to choose the best path forward without requiring a large investment during a downturn, a Sapient Global Markets director told Hart Energy.

Caryn Livingston, Hart Energy

Cornerstone Pipeline Open Season Extended

The extension was granted to allow time to finalize transportation service agreements. The open season will now end April 13 instead of March 13, the companies added

Bear Head LNG Granted Updated Export Facility Construction Permit

The Bear Head LNG project on Nova Scotia's Strait of Canso will handle 8 million tonnes per year of LNG. According to John Godbold, project director, operations could begin by 2019. 

Texas LNG Plans $1.3 Billion LNG Project

Houston-based Texas LNG started talks with potential customers in Eastern Europe, Latin America and Asia for a project collecting fees to liquefy natural gas for overseas sales, Bloomberg said.


Rockies Express Pipeline Announces Project Updates

Rockies Express Pipeline LLC (REX) announced several significant financial and commercial developments.

Business Wire

Magellan, Plains Agree To Build Colorado-Cushing Pipeline

The pipeline will transport various grades of crude oil from the D-J Basin, and potentially the broader Rocky Mountain area resource plays, to storage facilities in Cushing, Okla.

Obama Says Keystone Pipeline Would Do Little For US Jobs

Obama said the U.S. should focus on “American infrastructure for American jobs for American producers.”

Cameron LNG Applies For Approval Of Louisiana Project Expansion

The project is among several proposals to tap into ample supplies of gas from shale rock in the U.S. to meet demand from Japan, South Korea and other LNG importers.

Update: Obama Vetoes Republican Attempt To Force Keystone Approval

White House press secretary Josh Earnest said it’s “certainly possible” that Obama would eventually approve the Keystone XL pipeline.


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