Too Many Irons In The Fire? Even A Major Oil Company Can't Do It All -- February 1, 2019

Updates

February 6, 2019: project gets "green light."

Original Post 

COP pulls out of import/export terminal, Golden Pass.  RBN Energy had a blog devoted to the Golden Pass story on October 3, 2018.

From oilprice:

Exxon and Qatar Petroleum will proceed with a US$10-billion expansion of their Golden Pass LNG import terminal in Texas to turn it into an export facility as well.

The third partner in the venture, ConocoPhillips, however, will not be joining them in the expansion and has decided to sell the 12.4-percent interest it holds in Golden Pass, the sources also said, adding that Exxon, which has a 17.4-percent stake in the project, is the most likely buyer. Qatar Petroleum is the majority shareholder in the venture with 70 percent.

If interested, be sure to check out the RBN blog on the Golden Pass.