-ExxonMobil and its Canadian unit Imperial Oil outlined plans to spend up to CAN$25 billion on their proposed West Coast Canada LNG export project in British Columbia. Via the Globe and Mail, the firms are hoping to make a final investment decision on the project by 2017. The 15-million-tons-per-year facility would be located at Tuck Inlet near the community of Prince Rupert. It would be one of the largest sums ever invested in British Columbia’s LNG industry.
-Meanwhile, falling oil prices have failed to slow the momentum of another ExxonMobil natural gas export investment — Alaska LNG. Alaska LNG Senior Manager Steve Butt told the Alaska Dispatch News none of the project’s partners — which include ExxonMobil, BP, ConocoPhillips and the state of Alaska — is reconsidering their investment. Other projects such as Excelerate Energy and Pacific Northwest LNG have experienced delays.
-ExxonMobil today held a ceremony to name its newest U.S.-flag crude oil tanker — the Eagle Bay. The 820-foot, 800,000-barrel tanker will transport crude from the North Slope to refineries on the West Coast later this year.
-Albemarle completed its acquisition of lithium specialist Rockwood Holdings. Rockwood has become a wholly owned subsidiary of Albemarle. The deal creates a market leader in lithium, catalysts, bromine and surface treatment.
-Port of Corpus Christi Authority Managing Director Frank Brogan will retire Feb. 2 after 27 years of service. Brogan, who worked as an engineering design consultant to the port before joining its staff, is credited with spearheading all of the port’s most significant projects of the past three decades. It is expected that the port will conduct a nationwide search for a replacement.
