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Houston LNG co. finds pipeline partner for Brownsville project

Houston-based Annova LNG’s future liquefaction facility at the Port of Brownsville in South Texas will be fed with gas from an Enbridge Inc. (NYSE: ENB) pipeline, according to a Jan. 22 news release.

Enbridge’s Valley Crossing Pipeline, which runs from the gas hub of Agua Dulce to just east of Brownsville, will be extended nine miles to supply Annova with the gas needed to produce 6.5 metric tons of LNG per year, according to a statement by Annova.

“Annova LNG’s firm transportation arrangements…

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BP CFO to retire, successor named

London-based BP PLC (NYSE: BP), which has its U.S. headquarters in Houston, is getting a new CFO later this year in addition to a new CEO.

Current CFO Brian Gilvary will retire from the company and step down from BP’s board on June 30, according to a press release. Murray Auchincloss, currently CFO of BP’s Upstream segment, has been appointed as his replacement for both roles.

“I have worked closely with Brian for more than two decades and have always valued his financial expertise, strategic…

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Brownsville LNG project finds pipeline partner

The future Annova LNG liquefaction facility at the Port of Brownsville will be fed with gas from an Enbridge Inc. pipeline, according to a Wednesday news release.

Enbridge’s (NYSE: ENB) Valley Crossing Pipeline, which runs from the gas hub of Agua Dulce to just east of Brownsville, will be extended nine miles to supply Annova with the gas needed to produce 6.5 metric tons of LNG per year, according to a statement by Annova.

“Annova LNG’s firm transportation arrangements will ensure security…

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Coca-Cola CEO: Sustainability will eventually be ‘price of entry’ for business (Video)

Coca-Cola CEO James Quincey doesn’t suspect the business model for sustainability will ever be “costless” but he does believe the climate crisis is forcing everyone’s hand.

Speaking to CNBC Wednesday from the World Economic Forum in Davos, Switzerland, Quincey touched on a variety of topics, including The Coca-Cola Co.’s goals for reducing its reliance on single-use plastics. Quincey made it clear that the Atlanta-based beverage giant’s goal is not to completely stop using plastics, but instead…

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South Philadelphia refinery buyer has a track record of redeveloping defunct industrial sites

The planned buyer of the shuttered Philadelphia Energy Solutions refinery site has a long track record of redeveloping defunct industrial sites, taking a leading role in massive projects spanning from Boston to Baltimore.

Hilco Redevelopment Partners, a subsidiary of Chicago-based Hilco Global, emerged as the leading bidder to acquire the 1,300-acre South Philadelphia site for $240 million. Shuttered for seven months, the plant was the largest oil refinery on the East Coast. Philadelphia Energy…

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Judge rejects challenge on underground power lines in Florida

In a victory for state regulators and utilities, an administrative law judge Tuesday rejected a challenge to a plan for carrying out a new law that is expected to lead to more underground power lines in Florida.

Judge James H. Peterson III, in a 52-page order, turned down arguments raised by the state Office of Public Counsel, which represents consumers in utility cases, and the Florida Industrial Power Users Group, which includes large electricity customers.

They challenged proposed rules that…

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