US Regulators Approve Some Construction at Venture Global’s CP2 LNG Plant

U.S. regulators gave Venture Global permission on Friday to proceed with some construction activities at its proposed CP2 LNG facility in Louisiana, according to a Federal Energy Regulatory Commission document. Venture Global is proposing to build a 20 million metric tons per annum plant at Calcasieu Pass. FERC approved the plant’s entire construction last week. …

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US Driving Season Starts Strongly for Oil Refiners

At least for now, the allure of cheaper gasoline appears to be outweighing concerns consumers may have about the economy. By Nathan Risser More Americans hit the road last Memorial Day weekend than a year ago. Photographer: David Paul Morris/Bloomberg The driving season in the US officially began Monday with the Memorial Day weekend. The …

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Brookfield Eyes $3 Billion in Debt for Colonial Pipeline

By Aaron Weinman and Chunzi Xu Brookfield Asset Management Ltd. is lining up approximately $3 billion in debt financing to support its purchase of Colonial Enterprises, which operates the Colonial Pipeline in the US, according to people familiar with the matter. Morgan Stanley is leading the financing and a deal could emerge in the leveraged …

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