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Released September 23, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Chevron to Expand Gulf of Mexico Production - Chevron (NSE:CVX) said Thursday it planned to significantly expand production at its St. Malo field in the deepwater Gulf of Mexico. The fourth phase of its Jack/St. Malo development involves drilling new wells and injecting water into existing wells to churn out more oil and extend the life of the project. The overall development is expected to produce more than 500 million barrels of oil equivalent over the course of over 30 years, including more than 175 million barrels from this so-called "waterflood project." (Plant 3117088) (Houston Chronicle)
U.S. Oil Drillers Cut Rigs - The number of rigs drilling for oil in the U.S. declines by 14 for the week ending September 20, to 719, the lowest since May 2017. (Reuters)
POWER
Duke Energy Seeks to Extend Nuclear Operating Licenses - Duke Energy (NYSE:DUK) said Thursday it will seek to renew the operating licenses of the 11 reactors it operates at six nuclear power plants in North and South Carolina for an additional 20 years. The first Duke Energy nuclear power plants will approach the end of their current operating licenses in the early 2030s. The company expects to submit the license renewal application for Oconee Nuclear Station in Seneca, South Carolina, in 2021. (Plant 1000337) (Kallanish Energy)
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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 trading, logistics and marketing communities. We are the number one source for information about electricity 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
PRODUCTION
Chevron to Expand Gulf of Mexico Production - Chevron (NSE:CVX) said Thursday it planned to significantly expand production at its St. Malo field in the deepwater Gulf of Mexico. The fourth phase of its Jack/St. Malo development involves drilling new wells and injecting water into existing wells to churn out more oil and extend the life of the project. The overall development is expected to produce more than 500 million barrels of oil equivalent over the course of over 30 years, including more than 175 million barrels from this so-called "waterflood project." (Plant 3117088) (Houston Chronicle)
U.S. Oil Drillers Cut Rigs - The number of rigs drilling for oil in the U.S. declines by 14 for the week ending September 20, to 719, the lowest since May 2017. (Reuters)
POWER
Duke Energy Seeks to Extend Nuclear Operating Licenses - Duke Energy (NYSE:DUK) said Thursday it will seek to renew the operating licenses of the 11 reactors it operates at six nuclear power plants in North and South Carolina for an additional 20 years. The first Duke Energy nuclear power plants will approach the end of their current operating licenses in the early 2030s. The company expects to submit the license renewal application for Oconee Nuclear Station in Seneca, South Carolina, in 2021. (Plant 1000337) (Kallanish Energy)
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 trading, logistics and marketing communities. We are the number one source for information about electricity 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. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
