Nacero Inc. has awarded to contractor Bechtel a front-end engineering and design (FEED) contract for a natural gas-to-gasoline manufacturing facility in Penwell, Texas.

Kiewit has full scope contract to get facility started

Tellurian Inc. plans to begin construction in 2020 on the $30-billion Driftwood LNG export facility, following the announcement of its final investment decision later this year.

Low oil and gas prices are continuing to restrict the petroleum industry’s development of exploration and production infrastructure, but the need to deliver affordable liquefied natural gas (LNG) and other fuels to economic centers will boost prospects for pipeline and other distribution infrastructure investments in Asia and other regions.

Royal Dutch Shell has lost $5 billion so far in 2015, TransCanada Corp. is staring at a $2-billion write-off following the U.S. rejection of its Keystone XL pipeline, and Baker Hughes said it took a 43% hit to earnings compared to last year, a measurement almost identical to the decline of North American oil-rig drilling over the same time.