U.S.-based asset manager BlackRock Inc. and private-equity firm First Reserve took a roughly-$900 million joint stake in phase two of Mexico’s Los Ramones Pipeline project, state-owned Pemex said, Reuters reported.
Democratic lawmakers wrote in cosponsored legislation that “these outdated cars pose an alarming risk,” Reuters said. Sen. Maria Cantwell introduced the legislation concerning regulation of train-transported Bakken crude oil.
NextDecade LLC owns Rio Grande LNG. The project includes the 129-mile proposed Rio Bravo Pipeline and the Rio Grande LNG facility with six, 4.5-tonnes per year-capacity liquefaction trains, Reuters said.
Canada’s National Energy Board investigates 12 new allegations of natural gas pipeline safety code violations at TransCanada Corp., Reuters said. Allegations concern repairs, welding and personnel reporting of issues.
Morgan Stanley and Goldman Sachs’ privilege to trade crude oil cargoes should be overturned, a Federal Reserve official said. The Federal Reserve will announce results of its banks and commodities review, Reuters said.