Jordan Cove LNG Plant, Cenovus: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Pembina Cancels Jordan Cove LNG Plant in Oregon - A unit of Pembina Pipeline Corporation (NYSE:PBA) (Calgary, Alberta) on Wednesday told U.S. energy regulators that it would not move forward with its proposed Jordan Cove liquefied natural gas (LNG) export plant in Oregon. Pembina paused development of the project in April as the company could not secure state-issued permits and authorizations from various Oregon state agencies. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed project report. (Reuters)

CRUDE OIL
U.S. Oil Stocks Down, Fuel Inventories Higher - U.S. crude oil inventories fell by 910,000 barrels in the week ending November 26 to 433.1 million barrels. U.S. gasoline stocks rose by 4 million barrels in the week. Distillate stockpiles rose by 2.2 million barrels, according to the U.S. Energy Information Administration (EIA). (Reuters)

CORPORATE
Cenovus to Sell Some Non-Core Assets for $660 Million - Cenovus Energy Incorporated (NYSE:CVE) (Calgary) on Tuesday agreed to sell its retail fuels network and assets in Wembley, Alberta, in two separate deals worth about $660 million, as the oil and gas producer looks to shed non-core assets to repay debt. (Reuters)

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About IIR Energy
Energy asset information on power plants, oil refineries and natural gas infrastructure is now more important than ever. A unit of Industrial Info Resources, IIR Energy provides infrastructure information on these assets, as well as real-time tracking of planned and unplanned interruptions affecting the commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.

About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn.