U.S. regulators this week temporarily suspended their review of pipeline operator Enbridge Inc.’s proposed crude export facility off the U.S. Gulf Coast, a government filing showed.
Enbridge and Oiltanking Partners LP in February sought federal permits to build a deepwater port about 30 miles (48 km) off Freeport, Texas, to export U.S. shale oil.
The U.S. Maritime Administration and the U.S. Coast Guard on June 26 issued a “stop clock” letter that pauses their evaluation of the pair’s Texas Crude Offshore Loading Terminal (COLT).
“Texas COLT remains confident in its application and the regulatory review timeline as it relates to our 2022 in-service date,” Enbridge spokesman Devin Hotzel said in a statement.
Regulators sought more information about an air pollution control system before permitting could resume, according to a federal filing. Enbridge has proposed a design change that would add a system to “control vapors generated during the offshore loading process,” according to the letter.
Recommended Reading
Midstream M&A Adjusts After E&Ps’ Rampant Permian Consolidation
2024-10-18 - Scott Brown, CEO of the Midland Basin’s Canes Midstream, said he believes the Permian Basin still has plenty of runway for growth and development.
Post Oak-backed Quantent Closes Haynesville Deal in North Louisiana
2024-09-09 - Quantent Energy Partners’ initial Haynesville Shale acquisition comes as Post Oak Energy Capital closes an equity commitment for the E&P.
Analyst: Is Jerry Jones Making a Run to Take Comstock Private?
2024-09-20 - After buying more than 13.4 million Comstock shares in August, analysts wonder if Dallas Cowboys owner Jerry Jones might split the tackles and run downhill toward a go-private buyout of the Haynesville Shale gas producer.
Aethon, Murphy Refinance Debt as Fed Slashes Interest Rates
2024-09-20 - The E&Ps expect to issue new notes toward redeeming a combined $1.6 billion of existing debt, while the debt-pricing guide—the Fed funds rate—was cut on Sept. 18 from 5.5% to 5%.
Dividends Declared Sept.16 through Sept. 26
2024-09-27 - Here is a compilation of dividends declared from select upstream, midstream and service and supply companies.