Court Ipholds LNG DWP License

Friday, June 09, 2006
The US Court of Appeals for the Fifth Circuit upheld the decision of the Secretary of Transportation to grant a license for the construction and operation of the Gulf Landing LNG DWP in the Gulf of Mexico. Plaintiffs had challenged the decision, asserting that the environmental impact statement (EIS) was deficient and that the Secretary should have required the use of a "closed loop" system for warming the liquefied natural gas (LNG). The court found that the Secretary's actions were not arbitrary and capricious and did not violate the "best available technology" requirement of the Deepwater Port Act. Gulf Restoration Network v. US Department of Transportation, No. 05-60321 Source: HK Law

Contracts

Austal Dives into Loss

Australia’s largest shipbuilder Austal posted a full year loss of $84.28 million because a program to build war ships for the US Navy took longer than expected.

Russian Shipbuilder Signs $1 bln Oil Rigs Contract with Iran

Russian shipbuilder Krasnye Barrikady and Iran's Tasdid Offshore Development Company (TODC)  have signed a deal worth $1 billion to build five offshore drilling

BP, ExxonMobil, ConocoPhillips 'Quit' Alaska LNG Project

BP, Conoco Phillips, and Exxon Mobil said that the 65-billion dollar megaproject would be too unprofitable for them to move into the next phase of development.

 
 
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