Hess, Teck Resources, Eni: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

PRODUCTION
Hess Announces 2020 Capital, Exploratory Budget - Hess Corporation (NYSE:HES) announced a 2020 exploration and production budget of $3 billion. The company's net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. (Business Wire)

Canada Could Delay Decision on Oil Sands Project - Canada has the power to delay a decision on whether to approve a new Teck Resources (NYSE:TECK) oil sands project, a key cabinet minister said on Tuesday. The government must decide by end-February if Teck can build the C$20.6 billion ($15.7 billion) Frontier mine in northern Alberta, capable of eventually producing 260,000 barrels of crude oil per day. (Project 56001590) (Reuters)

LNG
Nigeria Liquefied Natural Gas Signs 10-Year Supply Deal with Eni - Nigeria Liquefied Natural Gas (NLNG) has signed a deal with Italian energy major Eni (NYSE:E) for the supply of 1.5 million tonnes of LNG per year, the African producer said in a statement. The volumes will be supplied for 10 years from trains 1, 2 and 3 of a six-train NLNG production facility on Bonny Island. (Plant 3100597) (Reuters)

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About Industrial Info
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