Carlyle Bails on Corpus Christi VLCC Terminal

By Collin Eaton HOUSTON, Oct 18 (Reuters) - Carlyle Group said on Friday it had dropped out as a stakeholder in Lone Star Ports LLC, which proposed a $1 billion crude oil export terminal near Corpus Christi, Texas. Sean Strawbridge, chief executive of the Port of Corpus Christi, said Carlyle notified the port on Oct. 8 it would no longer proceed with its investment. That … [Read more...]

Cheniere Announces the Substantial Completion of Train 2 at its Corpus Christi Liquefaction Project

Cheniere Energy has announced the substantial completion of the Train 2 at the Corpus Christ LNG liquefaction project. Substantial completion means that the project has been completed enough so that Cheniere can take over care, custody, and control of Train 2 and begin using it to export LNG. Cheniere’s EPC partner in the project, Bechtel Oil, Gas and Chemicals, is … [Read more...]

Dredging Kicks Off in Project to Expand Port of Corpus Christi Ship Channel

The Port of Corpus Christi is celebrating the start of dredging work in the project to expand the Corpus Christi Ship Channel to prepare the port for the anticipated increase in U.S. crude oil exports overseas. The Port of Corpus Christi Ship Channel Improvement Project will deepen and widen the entrance ship channel from 47 to 54 feet and widen it from 400 to 530 … [Read more...]

Proposed $1 Billion Corpus Christi Oil Export Terminal Moves Forward

HOUSTON, March 28 (Reuters) - A proposed $1 billion deepwater oil-export project moved ahead on Thursday with U.S. private equity firm Carlyle Group agreeing to a 50-year lease on land near Corpus Christi, Texas, for a terminal. Officials of Carlyle-backed Lone Star Ports LLC on Thursday agreed to lease 200 acres along the port of Corpus Christi where it has proposed a … [Read more...]

Environmental Review Could Delay Gulf Coast’s First Deepwater Oil Export Project Up to 18 Months

By Collin Eaton HOUSTON, March 14 (Reuters) - A Carlyle Group $1 billion deepwater crude export project faces a delay of up to 18 months after regulators called for a full environmental review, officials said, a setback in the private equity firm's race to be first to open a new deepwater, U.S. Gulf Coast export hub. Carlyle and commodities trader Trafigura AG are vying to … [Read more...]