-Sempra Energy and its partners in the Cameron LNG project are set to approve the investment in the facility after securing $7.5 billion in loans, the Wall Street Journal reports. Much of the lending will come from banks based in Japan — Cameron LNG’s primary market. The project is expected to cost between $9 billion and $10 billion.
-Enterprise Products Partners and Genesis Energy completed a jointly owned 149-mile crude oil pipeline in the deepwater Gulf of Mexico. The 115,000-barrels-per-day SEKCO pipeline connects the third party-owned Lucius truss spar floating production platform to a junction platform at South Marsh Island 205, which is part of Enterprise’s Poseidon system.
-Hess Corp. will pursue a master limited partnership (MLP) for its midstream assets in the Bakken shale. The new MLP will be the “primary midstream vehicle” to support Hess’ growth in the Bakken, the company said in a statement. Hess will contribute interests in its gas processing plant in Tioga, N.D. as well as rail, truck and pipeline terminals and a propane storage cavern to the new company.
-Oklahoma City-based Templar Energy agreed to buy $588 million in Granite Wash basin assets from Newfield Exploration Co. of The Woodlands, Texas. Via the Houston Business Journal, the assets include 42,000 net acres with net daily production of 65 million cubic feet equivalent per day, 60% of which is natural gas. Proved net reserves were approximately 38 million barrels of oil equivalent.
-The House on Tuesday passed a bill that would increase transparency in the enforcement of the Endangered Species Act. Via The Hill, the legislation would require federal agencies to publish data they use to determine whether a species is “endangered” or “threatened” and provide states with data on a species before it makes a ruling. The Interior Department would also be required to report to Congress on the amount of money spent on lawsuits related to the act.
