Tag: KM LNG

Don’t expect a Final Investment Decision on LNG until (or if) Brexit is resolved

Analysis Monday's decision by LNG Canada to postpone the all-important Final Investment Decision for the Kitimat liguified natural gas project came as a momentary shock—but no real surprise. After the Brexit vote, you could see the hold button blinking from across the Atlantic. Andy Calitz CEO of LNG Canada and a long time, experienced, executive […]

Haisla chief counsellor Ellis Ross on the dilemma of climate change and development

Haisla Nation Chief Counsellor spoke at Mt. Elizabeth Theatre on June 9, 2015, introducing David Suzuki who was on a speaking tour. This is a lightly edited report on his remarks that outline some of the dilemmas facing the Haisla and the Kitimat valley in an age that needs development but faces climate change. Good […]

US Coast Guard leogo

LNG carrier anchored in Homer, Alaska, with engine trouble: USCG

The United States Coast  Guard says it is monitoring repairs aboard the liquid natural gas carrier Excel in Homer, Alaska, Friday, May 1. According to a news release from Coast Guard Sector Anchorage,  USCG issued an order for the vessel to remain anchored in Kachemak Bay near Homer after the 908-foot, Belgium-flagged vessel experienced a loss of […]

Chevron Gorgon LNG project

No FID on Kitimat LNG in 2015, Chevron tells investors

Chevron will not be making a final investment decision on the Kitimat LNG project in 2015, Pat Yarrington, the company's vice president and chief financial officer told the first quarter earnings conference call Friday, May 1. All FIDs for Chevron projects around the world, with one exception, are on hold for this year Yarrington said. […]

Woodside, new Kitimat LNG partner, borrows $1 billion in new bonds

Woodside Petroleum, the new partner with Chevron in the Kitimat LNG project is raising US$1 billion through the issue of corporate bonds into the U.S. market "to fund its capital and exploration expenditure program." A news release from Woodside says "the bonds will be issued by Woodside Finance Ltd, a wholly owned subsidiary of Woodside […]

Open house

Bish Forest Service Road reopens to the public on March 1, 2015

The Bish Forest Service Road will reopen to the public on March 1, 2015. With the upgrades created by the Chevron-led Kitimat LNG project, the single lane logging rough logging is now a high quality gravel “resource road.” The first 12 kilometres of the road will be open “to provide public access to connecting roads, recreational […]

Apache Corporation

Apache sells Kitimat LNG stake to Australia's Woodside Petroleum

Apache Corporation today announced it has agreed to sell its interest in two LNG projects, Wheatstone LNG and Kitimat LNG, along with accompanying upstream oil and gas reserves, to  Australila's Woodside Petroleum Limited for a purchase price of $2.75 billion. The news release says: Apache will also be reimbursed for its net expenditure in the […]