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Released November 04, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
EARNINGS REPORTS
ExxonMobil Net Income Down Year over Year - Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) reported third-quarter 2019 net income of $3.17 billion, compared with $6.24 billion in the year-prior quarter. Oil-equivalent production rose 3% from the third quarter of 2018, to 3.9 million barrels per day (BBL/d). Capital and exploration expenditures were $7.7 billion. (Business Wire)
POWER
Entergy Acquires Mississippi Power Plant - Entergy Mississippi, a unit of Entergy Corporation (NYSE:ETR), has closed its purchase of the 810-megawatt Choctaw County Generating Station near French Camp, Mississippi. The combined-cycle plant entered service in 2003. (Plant 1053243) (PR Newswire)
REFINING
Husky Energy Closes Sale of Prince George Refinery - Husky Energy (TSX:HSE) has closed the sale of its 12,000-BBL/d Prince George Refinery in British Columbia to Tidewater Midstream and Infrastructure for C$215 million ($163.5 million) in cash, plus a closing adjustment of approximately C$53.5 million ($40.7 million). (Plant 1027525) (Globe Newswire)
PRODUCTION
U.S. Drillers Cut Oil Rigs - The number of rigs drilling for oil in the U.S. declined by five for the week ending November 1, to 691, the lowest since April 2017. (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 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.
EARNINGS REPORTS
ExxonMobil Net Income Down Year over Year - Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) reported third-quarter 2019 net income of $3.17 billion, compared with $6.24 billion in the year-prior quarter. Oil-equivalent production rose 3% from the third quarter of 2018, to 3.9 million barrels per day (BBL/d). Capital and exploration expenditures were $7.7 billion. (Business Wire)
POWER
Entergy Acquires Mississippi Power Plant - Entergy Mississippi, a unit of Entergy Corporation (NYSE:ETR), has closed its purchase of the 810-megawatt Choctaw County Generating Station near French Camp, Mississippi. The combined-cycle plant entered service in 2003. (Plant 1053243) (PR Newswire)
REFINING
Husky Energy Closes Sale of Prince George Refinery - Husky Energy (TSX:HSE) has closed the sale of its 12,000-BBL/d Prince George Refinery in British Columbia to Tidewater Midstream and Infrastructure for C$215 million ($163.5 million) in cash, plus a closing adjustment of approximately C$53.5 million ($40.7 million). (Plant 1027525) (Globe Newswire)
PRODUCTION
U.S. Drillers Cut Oil Rigs - The number of rigs drilling for oil in the U.S. declined by five for the week ending November 1, to 691, the lowest since April 2017. (Reuters)
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.
