PSV Industries Blog
Weekly intelligence on the projects, trends, and market forces shaping American industrial construction, from LNG and petrochemical to data centers and beyond.
Gulf Coast Refining Rides Out Hurricane Isaias, Washington Invokes the Defense Production Act to Expand Delek's Tyler Refinery as Morgan Stanley Leads Financing for a 4 Billion Dollar Brownsville Refinery, Seven Gulf LNG Terminals Pursue 75 MTPA of Expansions as Feedgas Hits 19.7 Bcf/d, Taylor Texas Approves a 1 Gigawatt Data Center Campus, and Contractor Backlog Climbs to 8.7 Months
Gulf Coast refining rides out Hurricane Isaias, the Defense Production Act backs Delek's Tyler expansion, Morgan Stanley leads fundraising for a 4 billion dollar Brownsville refinery, seven Gulf LNG terminals pursue about 75 MTPA of expansions, Taylor Texas approves a 1 GW data center campus, and ABC backlog climbs to 8.7 months.
Read Full ReportHurricane Isaias Threatens 2.7 Million Barrels per Day of Gulf Coast Refining as Plants Run at 95 Percent, Washington Rules Out a Diesel Export Ban After a 100 Million Barrel G7 Release, Project Star Brings 6.47 Gigawatts of Gas Generation and a 5 Gigawatt Data Center Campus to Encinal Texas, Venture Global Signs a 20 Year ConocoPhillips Deal as Galveston Approves a 240 Million Dollar LNG Fueling Plant, and Construction Unemployment Falls to 3.5 Percent
Hurricane Isaias approaches the northern Gulf Coast with about 2.7 million barrels per day of refining capacity, roughly 14 percent of the U.S. total, in or near its path while refineries run near 95 percent and distillate inventories sit at record lows. President Trump rules out a diesel export ban after the G7 agrees to release up to 100 million barrels. Related Companies and NextEra Energy Resources, with Lewis Energy Group, are selected for Project Star, a 22.3 billion dollar Encinal Texas campus with 6.47 GW of gas generation supporting a 5 GW data center campus. Venture Global signs a 20 year 1.0 MTPA deal with ConocoPhillips starting in 2030, Galveston approves the 240 million dollar Project Seawolf LNG fueling plant, and construction unemployment falls to 3.5 percent as the industry adds 11,000 jobs in September.
Read Full ReportNextDecade Secures the Army Corps Permit for Rio Grande LNG Train 6 as Cheniere Signs a 22 Year Petrobras Deal, Argent LNG Awards FEED on Its 25 MTPA Port Fourchon Terminal, LNG Canada Doubles to 28 MTPA with a 33 Billion Dollar FID, Texas Data Center Permits Stay Frozen as Panhandle Campuses Advance, Washington Keeps a Diesel Export Ban on the Table, and Construction Layoffs Hit an All Time Low
NextDecade receives the Army Corps permit for Rio Grande LNG Train 6 in Cameron County Texas, keeping a potential FID in the second half of 2027 inside a roughly 18 MTPA Trains 6 to 8 expansion, and Cheniere signs a 22 year 0.8 MTPA deal with Petrobras. Tecnimont USA signs FEED for Argent LNG's 25 MTPA Port Fourchon terminal, targeting first cargo in 2030. Shell and partners sanction the 33 billion Canadian dollar LNG Canada Phase 2, doubling the plant to about 28 MTPA, and the White House lists a 54 billion dollar Korean investment in Alaska LNG. Texas keeps data center permits paused until the ERCOT review in mid December as Crusoe and Zone Frontier advance Panhandle campuses with their own power. Washington keeps a 90 day diesel export ban on the table as Gulf Coast refiners push back. Construction adds 11,000 jobs in September, openings stand at 251,000, and layoffs fall to a record low 99,000.
Read Full ReportTexas Freezes State Data Center Permits as Fluidstack Starts a 4 Billion Dollar 1.5 Gigawatt Campus in Cameron County, FERC Extends Magnolia LNG to 2029 as Venture Global Orders Eight Liquefaction Modules for Plaquemines, Washington Weighs a 90 Day Diesel Export Ban with Refiners Running at 94 Percent, Corpus Christi Clears the Final Permit for a 100 Million Gallon per Day Desalination Plant, and AGC Finds 73 Percent of Contractors Still Plan to Hire
Governor Greg Abbott directs the TCEQ on September 21 to stop issuing state permits for data centers until an ERCOT audit is complete, with more than 470 gigawatts of large loads waiting to connect, while Fluidstack advances a 4 billion dollar first phase of a campus planned for up to 1.5 gigawatts near Rio Hondo in Cameron County with more than 2,500 construction jobs. FERC extends Glenfarne's 8.8 MTPA Magnolia LNG to November 2029, Black Bayou Energy Hub commits 1.6 billion dollars to Cameron Parish gas storage starting construction in the fourth quarter, and Baker Hughes books Venture Global orders for 13 compression systems and eight modular liquefaction units for Plaquemines. Washington weighs a 90 day diesel export ban with diesel at 6.52 dollars per gallon and refiners near 94 percent utilization. The Port of Corpus Christi clears the final permit for the 100 million gallon per day Harbor Island desalination plant, and ExxonMobil starts CO2 capture at Nucor's Convent Louisiana plant. AGC reports July construction spending down 3.8 percent year over year as data center spending rises 57.2 percent, and 73 percent of contractors still plan to hire.
Read Full ReportCaturus Announces a 7.75 Million Ton per Year Commonwealth LNG Expansion That Nearly Doubles the Terminal to 17.25 MTPA, Sempra Signs a 20 Year LNG Sales Agreement with Petrobras and Files FERC Pre Filing on the 27 MTPA Port Arthur LNG North Expansion, Aligned Data Centers Breaks Ground on the 2 Gigawatt 10 Billion Dollar Project Phoenix Campus in Beaver County Pennsylvania, Microsoft Discloses a Plan to More Than Triple Data Center Capacity to 38 Gigawatts by 2032, and AGC Reports Construction Unemployment at a Record Low 3.1 Percent as the Industry Adds 22,000 Jobs in August
Caturus (backed by Kimmeridge) announces on September 15 a 7.75 million ton per year five train expansion of the Commonwealth LNG export terminal in Cameron Parish Louisiana that would nearly double the site's planned capacity to approximately 17.25 million tons per year on top of the 9.5 MTPA base project already under construction with 8.5 MTPA subscribed under long term sale and purchase agreements and 2030 operations targeted. Sempra Infrastructure signs a 20 year sales and purchase agreement with Petrobras for approximately 0.8 million tons per year of LNG from Port Arthur LNG Phase 2 and confirms formal FERC pre filing on the Port Arthur LNG North Project, a 27 million ton per year four train brownfield expansion in Jefferson County Texas with three new LNG storage tanks and two new marine berths targeting exports in the second half of 2034. Fitch Ratings assigns a BBB minus rating with Stable Outlook to Rio Grande LNG LLC's senior secured notes on September 14. Aligned Data Centers breaks ground on Project Phoenix, a 2 gigawatt three building 650 acre 10 billion dollar campus in Shippingport Pennsylvania on the grounds of the former Bruce Mansfield coal fired plant with 3,000 construction jobs expected. Microsoft discloses a plan to more than triple its global data center capacity to over 38 gigawatts by 2032 from approximately 12 gigawatts today, adding 26 gigawatts in six years. AGC of America reports construction firms added 22,000 jobs in August with construction unemployment at an all time low of 3.1 percent and year over year employment growth of 176,000 workers or 2.2 percent, and the 2026 Workforce Survey continues to show 82 percent of firms report difficulty filling hourly craft positions and 80 percent salaried. TCS subsidiary HyperVault announces a 7.41 billion dollar 1 gigawatt phased AI data center campus in Telangana India. And the modular and prefabricated data center trend continues to accelerate as hyperscalers converge on off site fabrication to compress construction schedules by 40 to 60 percent inside a labor constrained execution environment.
Read Full ReportCITGO Sanctions a 310 Million Dollar Lake Charles Depentanizer Upgrade, Crusoe and Lancium Break Ground on a 1 Gigawatt Childress Texas AI Data Center Campus, Tropical Storm Edouard Makes Landfall at Port Arthur Without Damaging the Refining and LNG Corridor, and Venture Global Reaffirms Plaquemines Phase 2 LNG Deliveries by End of Q2 2027
CITGO Petroleum sanctions a 310 million dollar Lake Charles Refinery Depentanizer Project to upgrade naphtha into higher value gasoline blend components with commissioning targeted for 2029. Crusoe and Lancium break ground in the third quarter on a 270 acre 1 gigawatt grid connected AI data center campus in Childress Texas built for a leading hyperscale technology customer with solar and battery integration and closed loop non evaporative cooling supporting thousands of construction jobs and more than 100 long term positions. Tropical Storm Edouard makes landfall near Port Arthur Texas on September 1 with 50 to 60 mile per hour winds, passing over the Beaumont Port Arthur and Lake Charles refining and LNG corridor with 24 power plants at 14.7 gigawatts and 4 refineries at 1.8 million barrels per day inside the cone, and Motiva, Exxon Mobil, and TotalEnergies maintain planned production. Venture Global reaffirms Plaquemines Phase 2 LNG deliveries by the end of the second quarter of 2027 at previously agreed prices despite the global gas price surge, with Phase 1 COD still targeted for Q4 2026 and CP2 first LNG in the second half of 2027. Sempra Infrastructure's 72 mile 42 inch 2 billion cubic feet per day Port Arthur Pipeline Louisiana Connector is now in service ahead of schedule and under budget, feeding the 13 million ton per year Port Arthur LNG Phase 1 currently under construction. NextDecade Rio Grande LNG reports Trains 1 and 2 at 74 percent complete against first gas in the second half of 2026 and first LNG production from Train 1 in the first half of 2027. Cheniere Corpus Christi Stage 3 receives FERC approval to feed propane to Train 7 with first LNG in early August and commercial service by September completing the seven train 14 million ton per year Stage 3 expansion and bringing Corpus Christi above 25 million tons per year. Meta advances the 5 gigawatt 50 billion dollar Hyperion campus in Richland Parish Louisiana expanding construction employment from 3,700 workers today to 7,500 at peak with 1,000 permanent operational jobs after completion in 2036. Anthropic confirms 5 gigawatts of TPU capacity secured from Google Cloud through 2027 on top of the Broadcom Apollo Blackstone 20 gigawatt XPU platform in initial deployment via Fluidstack. AGC confirms private nonresidential construction spending fell 4.7 percent year over year in June while total construction spending reached 2.167 trillion dollars annualized. BLS confirms US construction employment at 8.343 million in July 2026, up 22,000 month over month. And the offsite construction and prefabrication market projections continue to grow from 198 billion dollars in 2026 to 258 billion dollars in 2030 at approximately 7 percent CAGR.
Read Full ReportSempra Files with FERC on a 27 MTPA Port Arthur LNG North Expansion, Woodside Confirms Louisiana LNG at 28 Percent Complete Toward 2029 First Cargo, Phillips 66 and Kinder Morgan Sanction a 5 Billion Dollar Western Gateway Refined Products Pipeline, and Skanska Signs a 1.2 Billion Dollar Contract for Four Southeast Data Centers as Kimmeridge Warns Up to Half of Planned US Data Centers Face Delay
Sempra Infrastructure opens FERC pre filing on a 27 million ton per year four train Port Arthur LNG North expansion in Southeast Texas capable of exporting LNG in the second half of 2034 with three storage tanks and up to two berths. Woodside confirms the 17.5 billion dollar Louisiana LNG project is 28 percent complete at the end of the second quarter with two storage tanks and three trains in construction, and German utility RWE reinvests approximately 900 million dollars for a 16 percent equity stake. Phillips 66, Kinder Morgan, and HF Sinclair sanction the 5 billion dollar 1,300 mile 230,000 barrel per day Western Gateway refined products pipeline from St. Louis and Gulf Coast origins to Arizona and California targeting 2029 completion. Phillips 66 separately announces construction of the 300 MMcf per day Zeus Gas Plant and 45 mile 20 inch Midland Express Pipeline plus a third 100,000 barrel per day Coastal Bend NGL fractionator in Robstown Texas, both targeting 2028 service. Enbridge signs an exclusive option to acquire the 25 mile 300 MMcf per day TTC Connector delivering Tres Palacios storage into Freeport LNG. Prometheus Hyperscale and Istmo Energy announce a 1.5 gigawatt behind the meter Pecos data center campus in Reeves County Texas running on pipeline gas and ethane with first power in 2027 and a path to 2.5 gigawatts. Skanska signs a 1.2 billion dollar contract to build four data centers totaling 808,000 square feet in the US Southeast. Meta expands Hyperion by 1,400 acres from 2 to 5 gigawatts. Amazon expands Hobart Indiana from 6 to 26 buildings at approximately 2 gigawatts. Microsoft restarts the 17 building 869 megawatt Licking County Ohio buildout. Kimmeridge Energy Management warns as many as half of proposed US data centers face delay or cancellation as Moratorium Nation counts 533 local moratoriums across 42 states. ConstructConnect reports 22.3 billion dollars in June starts (second highest ever) and 116 year to date starts. BLS confirms construction employment at 8.343 million in July 2026 up 22,000 month over month, while ABC continues to project 349,000 net new workers required in 2026 and 456,000 in 2027 and AGC continues to show 92 percent difficulty hiring with 45 percent citing worker shortages as the leading cause of project delays.
Read Full ReportOpenAI, Nvidia and SB Energy Finalize 8 GW Ohio Data Center Deal with 105 Billion Dollar Nvidia Guarantee, JLL Reports 25 GW of North American Data Center Absorption in H1 2026 at 95 Percent Pre-Committed, Devon Energy and WhiteWater Reach FID on the 2.25 Bcf per Day Solitude Pipeline System, and Coastal Bend LNG Files with FERC on a 19.2 MTPA Texas Gulf Coast Export Terminal
OpenAI, Nvidia, and SoftBank owned SB Energy finalize a 20 year 8 gigawatt data center lease at the PORTS Pike Technology Campus in Pike County Ohio with Nvidia providing up to 105 billion dollars in credit support and SoftBank committing 4.2 billion dollars in new grid infrastructure through AEP Ohio. The Ohio site alone is projected to create 35,000 construction jobs through 2032 and 2,500 permanent operating jobs. JLL's Midyear 2026 report confirms North America absorbed 25 gigawatts of data center capacity in the first half of the year (double year over year, 5x two years prior), with 66 gigawatts under construction, 95 percent pre committed, and vacancy at 1 percent for the third consecutive year. Devon Energy and WhiteWater reach a positive final investment decision on the Solitude Pipeline System, two 48 inch pipelines moving Permian gas to Katy Texas at 2.25 Bcf per day in H2 2029 and a similarly sized second phase in 2030. Coastal Bend LNG submits a formal FERC pre filing request for a 19.2 million ton per year Texas Gulf Coast LNG export terminal comprising four 4.8 MTPA liquefaction trains, with a formal Section 3 application targeted for early 2027. The Bay Runner Twin pipeline is sanctioned to move 2.6 Bcf per day of Permian gas into NextDecade's Rio Grande LNG, and Aspen Midstream reaches FID on the Katy Hub at 3 Bcf per day into service in Q1 2027. Delfin Midstream continues advancing FLNG2 toward year end 2026 FID with a Siemens Energy long lead equipment award and a MidOcean 50 percent equity option. ENEOS Holdings continues advancing its 1.28 billion dollar TPC Group acquisition on track to close October 2026. Turner and Townsend finds 70 percent of global markets report tight or overstretched data center contractor capacity and 78 percent report broader labor shortages, with labor now the primary construction cost driver. Deloitte's 2026 Outlook projects 499,000 net new construction workers required in 2026 and warns of a potential 2 million skilled craft shortage by 2028 with 41 percent of the current workforce retiring by 2031.
Read Full ReportJLL Confirms 66 GW of North American Data Center Capacity Under Construction and BloombergNEF Revises 2030 US Forecast Up 52 Percent to 118 GW, Texas Directs ERCOT to Audit Every Data Center Interconnection Request as Requests Hit 474 GW, and ENEOS Holdings Agrees to Acquire TPC Group Houston Petrochemical Operations
JLL's Midyear 2026 North America Data Center Report confirms more than 66 gigawatts of data center capacity are already under construction across the continent, an electricity requirement greater than Germany. BloombergNEF revises its 2030 installed US data center capacity forecast upward by 52 percent to 118 gigawatts and its 2035 forecast up 83 percent to 194 gigawatts, driven by a 101 gigawatt expansion in the announced pipeline since December 2025 and 124 gigawatts of announced on-site gas plant capacity. Texas Governor Greg Abbott directs the PUCT and ERCOT to audit every data center advancing through the interconnection process, citing more than 474 gigawatts of requests (5x ERCOT's record peak demand, 90 percent from data centers). ENEOS Holdings agrees to acquire TPC Group's Houston Texas petrochemical operations and terminal operations in Port Neches Texas and Lake Charles Louisiana with regulatory approvals expected October 2026. QTS files plans for an 11-building 1 gigawatt Lancium Clean Campus in Hall County Texas at 10 billion dollars across 465 acres. Fermi Project Matador secures its first binding lease at 222 megawatts. Riot Platforms signs a 20-year 9.1 billion dollar 191 megawatt Anthropic lease. Circe Energy is developing a 1,950 acre behind-the-meter West Texas campus scaling from 10 megawatts to 2 gigawatts. AWS is expanding Hobart Indiana from 6 to 26 buildings and 2 gigawatts. Microsoft restarts the 869 megawatt Licking County Ohio buildout. Meta confirms the 5 gigawatt Hyperion expansion in Richland Parish Louisiana at up to 50 billion dollars and the 9.17 billion dollar Sturgeon County Alberta campus paired with the 932 megawatt Greenlight Electricity Centre gas plant. Cheniere reiterates first FID for the Sabine Pass expansion in late 2026 or early 2027. Phillips 66 guides refineries to operate in the mid 90 percent range of capacity in Q3 2026. AGC 2026 Outlook confirms 82 percent craft hiring difficulty and 33 percent immigration enforcement impact. ABC continues to project 349,000 net new workers needed in 2026 rising to 456,000 in 2027.
Read Full ReportMPLX Lifts 2026 Growth Capex to $2.9 Billion for Gulf Coast Fractionators and Permian Pipelines, Meta Commits Over $9 Billion for First Canadian 1 GW Data Center Campus in Alberta, and Saronic Announces $3 Billion Port Alpha Shipyard in Brownsville Texas
MPLX raises its 2026 growth capital outlook by $500 million to $2.9 billion, accelerating construction of two 150,000 barrel per day Gulf Coast fractionators near Marathon's Galveston Bay refinery, a 400,000 barrel per day LPG export terminal joint venture at the Port of Texas City, the 2.5 Bcf per day Blackcomb Pipeline from the Permian to Agua Dulce Texas commissioning in Q4 2026, the Harmon Creek III Marcellus processing complex now beginning operations, and additional Bay Runner, BANGL, and Titan Complex expansions in Texas. Meta commits over $9 billion to develop its first Canadian data center in Sturgeon County Alberta, a 1 gigawatt AI campus supporting 3,000 peak construction workers and more than 300 permanent positions. Saronic selects the Port of Brownsville Texas for a $3 billion Port Alpha shipyard on 835 initial acres with potential expansion to 4,400 acres, construction beginning in 2026 and operations by 2028. OpenAI unveils Project Camellia in Effingham County Georgia. Iron Mountain breaks ground on the 48 megawatt RCH-1 facility on its 66 acre Richmond Virginia campus. Google is revealed as the operator behind Wyoming's 2.7 gigawatt Project Tembo in Cheyenne. Core Scientific signs a 15 year AMD infrastructure agreement doubling its leased AI capacity to 1.1 gigawatts. Galaxy Digital acquires 500 acres in McGregor Texas for a 74 megawatt Project Merlin campus. CyrusOne pursues a $500 million 460,000 square foot Medina County Texas data center. ConstructConnect reports $22.3 billion of June data center construction starts across 23 projects with 116 year to date starts. Shell's CEO indicates LNG Canada Phase 2 FID is likely before end of 2026. Baker Hughes wins a major equipment and services award for Cheniere's Sabine Pass LNG expansion. BLS reports construction employment at a record 8.337 million in May 2026. ABC estimates 349,000 net new workers needed in 2026 rising to 456,000 in 2027 with 92 percent of construction firms reporting difficulty hiring.
Read Full ReportBrookfield and NextEra Launch $100 Billion Paducah Kentucky AI Campus at Former DOE Site, Meta and BlackRock Form $14 Billion El Paso Texas Venture, and Argent LNG Wins FTA Export Permit for 1.3 Tcf per Year From Port Fourchon
Brookfield Asset Management and NextEra Energy unveil a $100 billion AI data center campus at the former DOE Paducah Gaseous Diffusion Plant in western Kentucky, pairing 1.2 GW of compute with 2 GW of dedicated natural gas generation and up to 2.6 GW of battery storage, supporting approximately 8,000 peak construction jobs. Meta and BlackRock form a $14 billion venture to develop and operate a 1 GW data center campus in El Paso Texas with BlackRock funds taking 80 percent ownership backed by $12.5 billion of debt financing, 4,000 peak construction jobs, and 2,300 workers already on site, targeting 2028 operations. Argent LNG secures Department of Energy approval to export nearly 1.3 trillion cubic feet per year of LNG from its proposed Port Fourchon Louisiana terminal to FTA countries and targets FID within two years. NextDecade reports Rio Grande LNG Phase 1 construction ahead of schedule with first gas later this year, first LNG in H1 2027, and Train 6 FID targeted in H2 2027 backed by a $1 billion term loan and a $3.5 billion senior secured notes offering. AMD and Core Scientific commit $14 billion for 2.5 GW of dedicated compute. Applied Digital locks in $36.2 billion of long term AI data center leases. FirstEnergy discloses a 25 GW AI data center interconnect pipeline with 6.4 GW already under contract. AG and P Industrial breaks ground on an 85 hectare modular fabrication yard in Batangas targeting 80,000 metric tons per year of throughput. The AGC June state data continues to show Texas leading absolute construction employment gains at 24,800 and Louisiana leading percentage gains at 7.7 percent. And ABC estimates the industry needs 349,000 net new workers in 2026 with 92 percent of construction firms reporting difficulty finding workers.
Read Full ReportHut 8 Beacon Point Second Lease Pushes Contract Value to $19.6 Billion With Jacobs EPCM, BlackRock Leads $12 Billion Financing for Meta Hyperion, and Yara Buys Gulf Coast Ammonia Texas City for $1.3 Billion
Hut 8 secures a second $9.8 billion, 15 year triple net lease at its Beacon Point AI data center campus in Nueces County Texas, taking total contract value at the site to $19.6 billion and confirming Jacobs Solutions as sole source EPCM contractor. BlackRock leads a $12 billion financing package for Meta's Hyperion supercluster in Richland Parish Louisiana, days after Meta escalated the campus plan to 5 GW and above $50 billion of investment. Yara International closes a $1.3 billion acquisition of the Gulf Coast Ammonia plant in Texas City, a 1.3 million ton per year facility. QTS and Lancium commit $10 billion for 11 data center buildings on 465 acres in Hall County Texas with a 1 GW grid connection. Crusoe and Lancium launch a 1 GW, 270 acre AI campus in Childress Texas. Stream Data Centers files Project Saltworks, a 15 building, $10 billion campus in Graham Texas. Coravel launches with a 140 MW hyperscaler deal across three Dallas Fort Worth facilities. Fluor is awarded FEED on a 1.2 million ton paraxylene and 0.5 million ton benzene aromatics facility in Bahrain. Cedar LNG receives British Columbia approval to raise capacity 25 percent. The June AGC state analysis shows Texas added the most construction jobs year over year at 24,800 and Louisiana posted the fastest percentage gain at 7.7 percent. And the equipment supply squeeze hardens with transformers at 3 to 5 year lead times, switchgear sold out through 2028, and generator step up units at 144 weeks on order.
Read Full ReportMeta Expands Hyperion Louisiana AI Campus to 5 GW and $50 Billion, Delfin Issues FLNG2 LNTP to Siemens Energy With MidOcean Taking Up to 50 Percent, and Glenfarne Closes $500 Million HPS Investment for Texas LNG
Meta officially escalates the Hyperion AI supercluster in Richland Parish Louisiana to 5 GW of compute capacity and over $50 billion of planned investment, making it the largest AI infrastructure project under development globally, with Prometheus, Meta's first AI campus, coming online in 2026. Delfin Midstream issues a Limited Notice to Proceed to Siemens Energy for four SGT-750 gas turbines and mixed refrigerant compressors on FLNG2 offshore Louisiana, and simultaneously executes a MidOcean Energy option for up to 50 percent equity, targeting year-end 2026 FID. Glenfarne closes a $500 million HPS Investment Partners financing round for Texas LNG at the Port of Brownsville, one of the final steps before FID with Kiewit already engaged. LNG Canada finalizes a Phase 2 equity option agreement with five First Nations conditional on year-end FID. Blackstone commits $5.34 billion to Williams behind the meter natural gas for data center power. Shell reaches FID on a Bahamas LNG regasification terminal. ExxonMobil targets Rovuma LNG $20 billion FID by September. And US construction employment reaches 8.331 million workers with 51 percent of contractors reporting rising backlog and 52 percent citing workforce as their top challenge.
Read Full ReportAnthropic Signs $19 Billion Lease at TeraWulf Hawesville Campus, Argent LNG Awards Engineering on 25 MMtpa Port Fourchon Terminal, and Commonwealth LNG Locks In Yokogawa on the $13.5 Billion Louisiana Buildout
Anthropic signs the largest AI infrastructure lease ever announced, a 20 year, $19 billion agreement with TeraWulf for the entire 401 MW Justified Data campus in Hawesville Kentucky, redeveloping a former Century Aluminum smelter with $3 to $4 billion of TeraWulf capex and full ramp by early 2028. Argent LNG awards engineering services to GIS Engineering for its proposed 25 MMtpa Port Fourchon export terminal in Lafourche Parish Louisiana, the largest single US LNG plan currently in permitting. Commonwealth LNG names Yokogawa as main automation contractor on the $13.5 billion Cameron Parish buildout with Technip Energies EPC mobilization confirmed. Glenfarne issues a Limited Notice to Proceed to Kiewit for the 4 MTPA Texas LNG project at Brownsville. XRG completes equity acquisition across Rio Grande LNG Trains 4 and 5. LNG Canada issues Phase 2 LNTP to Fluor and JGC. Williams advances toward a $5.5 billion Momentum Midstream acquisition. National Grid Ventures commits $1.75 billion for 35 percent of Joulent, anchoring Chevron's 2.67 GW Project Kilby power plant supplying Microsoft. And US construction adds 11,000 jobs in June with craft wages at $41.36 per hour and industry employment at 8.331 million workers.
Read Full ReportDelfin FLNG 1 Reaches FID as America's First Floating LNG Export Terminal, Cheniere Fires Up Corpus Christi Stage 3 Train 7, and Houston Leads the Nation With 12,100 Construction Jobs Added
Delfin Midstream reached formal final investment decision on FLNG 1, the first US floating LNG export vessel ever authorized under a deepwater port license, committing $5 billion of capital toward 4.4 MTPA of export capacity 40.8 miles offshore of Cameron Parish Louisiana with production targeted for 2030. Cheniere began commissioning Train 7 at Corpus Christi Stage 3, closing out a seven train buildout that puts the company on a 51 to 53 MTPA production run rate by year end 2026. QatarEnergy and ExxonMobil received FERC clearance to commission Golden Pass Train 2 at Sabine Pass. The Chevron and Microsoft Project Kilby power and compute deal was revised upward to $9 billion. Sempra's 42 inch Port Arthur Connector pipeline is in service at 2 Bcf per day. Williams is reportedly exploring a $5.5 billion M&A to expand its LNG pipeline reach. And Houston led the entire nation with 12,100 construction jobs added year over year, while national construction added 11,000 positions in June as broader hiring slowed to 57,000 net jobs.
Read Full ReportMicrosoft and Chevron Lock $7 Billion Project Kilby Pecos Campus, Vantage Breaks Ground on $25 Billion Frontier Stargate Site, and Stonepeak Closes $2.5 Billion Louisiana LNG Bonds
Microsoft and Chevron sign a 20 year power agreement for Project Kilby, a 2.67 GW behind the meter natural gas plant in Pecos Texas serving a new 2 GW Microsoft AI campus with peak construction employment expected above 6,000 jobs. Vantage Data Centers breaks ground on the $25 billion, 1.4 GW Frontier Stargate campus in Shackelford County for Oracle and OpenAI, with more than 5,000 construction and operations roles and the first building due in second half 2026. Stonepeak closes $2.5 billion in private bonds tied to its 40 percent stake in the Woodside Louisiana LNG project at Lake Charles, where Train 1 foundation work is 22 percent complete. OpenAI and SoftBank commit $1 billion to SB Energy for the 1.2 GW Milam County Stargate site. Oracle closes in on a $38 billion debt package for Vantage developments in Texas and Wisconsin. The AGC confirms Texas led the nation with 18,700 construction jobs added year over year. And Dodge reports US construction starts up 13 percent year to date with manufacturing up 32 percent.
Read Full ReportCommonwealth LNG Closes $9.75 Billion FID, Hut 8 Locks $9.8 Billion Lease on Beacon Point Nueces County, and Samsung Heavy Signs $2.9 Billion Delfin Vessel Contract
Commonwealth LNG reaches a formal final investment decision and closes $9.75 billion in senior secured project financing for its 9.5 MTPA Cameron Parish export terminal, with first cargoes targeted for 2030 and offtake locked with EQT, Glencore, Mercuria, Petronas, and Aramco Trading. Hut 8 closes $4.25 billion in 6.129 percent senior secured notes and signs a 15 year, $9.8 billion triple net lease on Phase 1 of Beacon Point in Nueces County Texas, a 1 GW AI campus 30 miles from PSV's Corpus Christi Ingleside worksite. Samsung Heavy Industries signs a $2.9 billion main contract with Delfin Midstream for FLNG 1 in Washington DC, the first US offshore LNG award of its kind. Amazon advances Project Green in Missouri to $10 billion. And AGC reports 17,000 construction jobs added in May with nonresidential craft wages at $38.97 per hour.
Read Full ReportMUFG Closes $3.6 Billion Delfin FLNG 1 Financing, Applied Digital Signs $5.2 Billion AI Factory Lease, and Meta Commits $115 Million to Train the Data Center Workforce
MUFG closes $3.6 billion in senior secured non recourse project financing for Delfin Midstream's first floating LNG vessel, the largest single project financing in the FLNG sector to date. Applied Digital signs a 15 year, 210 MW take or pay lease at Delta Forge 2 worth $5.2 billion in base term contracted revenue, lifting its contracted portfolio to 1.4 GW and roughly $36 billion across five AI Factory campuses. Meta and Associated Builders and Contractors launch America's Workforce Academy, a $115 million program with guaranteed job placement training data center construction craft. ExxonMobil's Mozambique Rovuma LNG advances toward a Q3 2026 FID. And industry data confirms power transformer lead times now stretch three to four years, making shop based modular execution the only viable path on schedule sensitive industrial projects.
Read Full ReportDelfin Takes FID on the World's Largest FLNG, May Payrolls Beat at 172,000, and the WSJ Confirms 60 Percent of 2027 Data Center Capacity Is Not Yet in Construction
Delfin Midstream takes FID on Delfin FLNG 1, the first floating LNG vessel in the United States and the largest FLNG project in the world, with $5 billion committed and Samsung Heavy Industries plus Black and Veatch awarded the build. The May jobs report beats expectations at 172,000 with unemployment holding at 4.3 percent. JOLTS shows construction job openings at 259,000 in April, up 25 percent year over year. The Wall Street Journal and JPMorgan put a clean number on the data center execution gap at more than 60 percent of 2027 capacity still not under construction. CloudBurst breaks ground on 1.2 GW in Texas, Applied Digital plans $3.6 billion Delta Forge 1 in Louisiana, and Nvidia partners with IREN on 5 GW anchored at Sweetwater. Cheniere Corpus Christi posts a 33 percent first quarter LNG shipment surge as Stage 3 ramps. And the Gulf Coast holds $141 billion in active power and energy construction as hurricane season opens.
Read Full ReportCB&I Wins Commonwealth LNG Tanks Award, Kinder Morgan Trident Pipeline Hits Active Construction, and Hyperscaler 2026 Capex Tracks Toward $600 Billion
CB&I lands a lump sum award from Technip Energies for five 50,000 cubic meter full containment LNG storage tanks at the Caturus Commonwealth LNG facility in Cameron, Louisiana. Kinder Morgan moves its Trident Pipeline into active construction in Southeast Texas. Ksi Lisims LNG signs Canada's first long term European supply deal with Germany's SEFE for 1 MTPA over 20 years. Top five US hyperscalers project $600 billion in 2026 infrastructure spend, up 36 percent year over year, with US data center construction running at $45 billion monthly. MS Amlin warns that $670 billion in planned US data center builds sit in severe convective storm zones. And NABTU reframes the labor debate as a workforce planning crisis rather than a worker availability problem.
Read Full ReportAlaska LNG Phase One Clears Final Gas Supply Hurdle, NextEra to Acquire Dominion in $66.8 Billion AI Power Merger, and Houston Leads US Metros with 10,600 New Construction Jobs
Glenfarne Alaska LNG signs the final North Slope gas sales precedent agreement with ConocoPhillips, clearing the path to Phase One FID on the 20 MTPA project and the 739 mile pipeline that supports it. NextEra Energy announces a $66.8 billion all stock acquisition of Dominion Energy, the largest US utility merger in history, driven by 51 GW of contracted data center demand in Virginia. AGC reports Houston added 10,600 construction jobs over the year, the strongest US metro performance, with Baton Rouge up 10 percent. ABC pegs the national March construction unemployment rate at 6.7 percent. Energy Transfer quietly withdraws the air permit on its $1.8 billion Nederland ethane cracker. And AMECO opens a new Baton Rouge facility to expand Gulf Coast construction services.
Read Full ReportCommonwealth LNG Takes Final Investment Decision, Cheniere Raises Full Year Guidance, and TSMC Tops Out Its Third Arizona Fab
Caturus closes $9.75 billion in project financing and reaches FID on the 9.5 MTPA Commonwealth LNG facility in Cameron Parish, Louisiana. Cheniere raises 2026 EBITDA guidance to $7.25 to $7.75 billion on a record $5.87 billion Q1. Venture Global ships a record 130 cargos and closes $8.6 billion in CP2 Phase 2 financing. TSMC tops out its third Arizona fab and brings the second fab to pilot production six months ahead of schedule. Wood Mackenzie projects US data center electrical equipment demand to triple to $65 billion by 2030. And the AIA Architecture Billings Index posts its strongest reading since early 2023.
Read Full ReportExxonMobil and Chevron Post Q1 Results, Marathon Books a $1.4B Refining Quarter, and Phillips 66 Expands Sweeny and Freeport Capacity
ExxonMobil delivers $4.2 billion in Q1 earnings on record Energy Products performance, with Golden Pass Train 1 online. Chevron posts $2.21 billion as Hess production flows in. Marathon Petroleum books a $1.4 billion R&M quarter and completes 40 percent of its 2026 turnarounds. Phillips 66 formalizes 23 percent and 15 percent capacity expansions at Sweeny and Freeport. Joliet $20 billion data center campus approved. And nonresidential building starts are up roughly 80 percent year over year.
Read Full ReportO'Leary's 9 GW Utah Data Center Approved, Valero Posts $1.3B Q1 Profit, and Megaprojects Surge 500% Year to Date
Kevin O'Leary's 9 gigawatt Stratos data center campus is approved in Utah. Valero swings to a $1.3 billion Q1 profit on a 56 percent refining margin surge. Cheniere brings Corpus Christi Stage 3 Train 3 to substantial completion. Commonwealth LNG launches financing at 63 percent contracted. Sightline Climate confirms only 5 of 16 gigawatts of announced 2026 data centers are actually under construction. And megaprojects are up over 500 percent year to date.
Read Full ReportGolden Pass Ships First Cargo to Italy, Commonwealth LNG Advances Toward FID, and Microsoft's Fairwater Opens in Wisconsin
Golden Pass LNG ships its historic first cargo on April 22, becoming the 10th U.S. export terminal. Technip Energies receives a substantial authorization on Commonwealth LNG ahead of FID. Microsoft's $3.3 billion Fairwater AI data center opens in Wisconsin. Gulf Coast refining margins hit their highest since 2022. And U.S. construction employment climbs to 8.33 million with 349,000 workers still needed.
Read Full ReportGolden Pass Nears First Export Cargo, U.S. LNG Capacity Set to Double, and Amazon Commits $25B to Mississippi
Golden Pass LNG approaches its first export cargo with feedgas at 434 mmcf/d. U.S. LNG capacity on track to nearly double to 28.7 Bcf/d by 2029. Amazon commits $25 billion to Mississippi data centers. Aligned breaks ground on a 540 MW Texas campus. And the Gulf Coast emerges as the center of a national fabrication renaissance.
Read Full ReportGolden Pass Produces First LNG, Commonwealth LNG Nears $12.5B FID, and Half of 2026 Data Centers Hit Delays
Golden Pass LNG achieves first production from Train 1 at Sabine Pass. Commonwealth LNG advances toward a $12.5 billion FID in Cameron Parish. Half of planned 2026 data centers face supply chain delays. Construction adds 26,000 jobs in March. And 165 new industrial projects top $8.6 billion.
Read Full ReportFirst Gulf Coast Refinery in 50 Years, Rio Grande LNG Expands, and 50% Steel Tariffs Reshape the Market
America First Refining announces a new refinery at Port of Brownsville. FERC clears Rio Grande LNG Trains 4 and 5. Steel tariffs at 50% drive a 7.1% surge in construction input prices. Joliet approves a 795 acre data center. And the Strait of Hormuz crisis accelerates U.S. LNG investment.
Read Full ReportGolden Pass Ramps Up, Venture Global Greenlights CP2 Phase 2, and a Record $25.2 Billion Month for Data Centers
Golden Pass LNG nears first production in Southeast Texas. Venture Global takes FID on CP2 Phase 2 in Louisiana. Data center starts hit $25.2 billion in a single month. And Texas stacks $142 billion in concurrent mega projects.
Read Full ReportData Centers Overtake Offices, Plaquemines LNG Expands, and the Gulf Coast Gears Up for 2026
Data center construction spending surpasses office buildings for the first time. The DOE approves a 13% export increase at Plaquemines LNG. Houston anchors $15 billion in active projects. And the industry needs 456,000 new workers by 2027.
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