Post Tagged with: "projects"

Presidential Orders Aim to Ease Restrictions on Energy Infrastructure, Limit Sates’ Say on Energy Projects

Presidential Orders Aim to Ease Restrictions on Energy Infrastructure, Limit Sates’ Say on Energy Projects

From Casper Star-Tribune President Trump signed two executive orders Wednesday that attempt to ease restrictions on energy infrastructure development and curtail the ability of states to deny or delay energy projects. One order addresses a recurring political frustration in Wyoming with states like Washington, who have used their authority under federal law to impede developments on environmental grounds, to Wyoming’s potential economic loss. Trump’s executive order instructs the Environmental Protection Agency to clarify the state and federal balance of authority over projects that cross state waterways by rewriting the agency’s guidance of the Clean Water Act. A provision of that federal law, section 401, grants states the authority to certify water permits. In effect this provision has allowed states a veto power over projects that have federal approval. The president’s order states that the EPA’s guidance on the Clean Water Act has created “confusion.” Wyoming politicians have been more direct, accusing states[Read More…]

April 12, 2019 - 6:54 am Closing Bell Story, Energy News, Midstream, Regulatory
Tellurian Keeps Sailing

Tellurian Keeps Sailing

Tellurian Inc. (ticker: TELL) wrapped up its first year as a public company, ending 2017 with $128.3 million of cash and cash equivalents. The company remains debt free, but reported a net loss of $231.5 million, or $(1.23) per share as it ramps up permitting and preconstruction phases for its Driftwood LNG plant on the Louisiana Gulf coast. Driftwood is targeting a 2019 groundbreaking. The company bought natural gas resources in 2017 and has approximately 327 Bcfe of proved natural gas reserves. Tellurian President and CEO Meg Gentle said, “Tellurian is developing asset opportunities representing $29 billion of near-term investments…” Bechtel invests $50 million in Tellurian Bechtel Oil, Gas and Chemicals, Inc. recently made a $50 million, zero-coupon preferred equity investment in Tellurian, which has an implied Tellurian common share price of $8.16 per share. Brendan Bechtel, chairman and CEO of Bechtel Group, Inc. said, “Tellurian management and Bechtel have[Read More…]

Cushing, Okla., is one of the United States oil facilities in the Keystone Pipeline System.

TransCanada’s 4,250-kilometre (2,640 mile) Keystone Pipeline System transports approximately 20 per cent of western Canadian crude oil exports to key refineries in the U.S. Midwest and Gulf Coast, where it is converted into fuel and other useful petroleum products.

No Stream Like Midstream

TransCanada, Enbridge and Spectra queue up pipeline projects across all of North America TransCanada adds Canadian capacity TransCanada Corporation (ticker: TRP) has a new $2.4 billion NGTL system expansion coming on-line within four years. The NGTL moves gas from the North Montney in British Columbia to and through Alberta to Saskatchewan and/or delivery access to the Canadian west coast for export as LNG if such a project becomes a reality. The company expects the system expansion to be in-service between 2019 and 2021. The expansion includes approximately 375 km (233 miles) of 16-inch to 48-inch pipeline, four compression units and associated facilities. TransCanada anticipates incremental firm receipt contracts of 620 MMcf/d and firm delivery contracts to major border export and intra-basin delivery locations of 1.0 Bcf/d. With this expansion, NGTL now has a $7.2 billion growth capital program, excluding the $1.9 billion Merrick pipeline project. In December 2017, the National[Read More…]

Major BP Projects for 2018

Major BP Projects for 2018

Production from the full five-field West Nile Delta development, the Giza-Fayoum-Raven project, is expected to represent about 30% of Egypt’s current production BP p.l.c. (ticker: BP) will bring five major upstream projects online in 2018. The projects span the globe, with assets coming up in Europe, North Africa and North America. David O’Connor, BP’s head of global projects, gave a quick rundown on what’s happening in 2018. Atoll Phase 1 Located in the East Nile Delta, the Atoll Phase 1 is BP’s deepest well drilled offshore Egypt, reaching 6,400 meters (21,000 feet) in 2015. The well will produce conventional gas and will be operated by Pharaonic Petroleum Company, with BP retaining 100% interest. O’Connor said that it is planned to be online towards the end of Q1 2018. Clair Ridge “The Clair Ridge project in the UK North Sea is the next phase of development for the massive Clair field.[Read More…]