Lone Star Ports LLC will lead development and operation of a Carlyle Group-backed crude export terminal in Corpus Christi, Texas, that can fully load supertankers, according to a statement from the project leaders on Dec. 14.
Bulgaria plans to set up a state-owned company by the end of the year to operate a natural gas bourse, with liquidity secured through an agreement with Austria’s natural gas trading hub, its energy minister said on Dec. 14.
The Norwegian government has postponed a decision on whether to mandate the construction of an oil processing terminal near the Arctic tip of northern Europe until the third quarter of next year, it said on Dec. 14.
The predicted growth of electric vehicles will certainly hurt oil demand but that shift won’t be felt for another 15 to 20 years, which is more than enough time for investors to make money.
Three-year deal will support construction of an outbound connection to the Express Pipeline and a tank to facilitate blending.
A Pennsylvania administrative law judge on Dec. 11 denied a petition by state residents asking utility regulators to prohibit the operation of Energy Transfer LP and its Sunoco subsidiary’s Mariner East pipelines.