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Released August 06, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
Sempra Still Waiting for Mexican Export Permit for Costa Azul LNG Plant - Sempra Energy (NYSE:SRE) said on Wednesday it continues to work with the Mexican government to get a 20-year export permit for the first phase of its proposed Costa Azul liquefied natural gas (LNG) export plant in Mexico. The company, which made the announcement in its second quarter earnings statement, has said it planned to make a final investment decision in 2020 to build the plant. (Reuters)
CRUDE OIL
U.S. Crude Oil Stocks Fall Sharply - U.S. crude oil inventories fell by 7.4 million barrels in the week ending July 31 to 518.6 million barrels. Refinery crude runs rose by 42,000 barrels per day. Gasoline stocks rose by 419,000 barrels in the week to 247.8 million barrels. Distillate stockpiles rose by 1.6 million barrels to slightly less than 180 million barrels. (Reuters)
EARNINGS REPORTS
Marathon Oil Swings to Net Loss - Marathon Oil Corporation (NYSE:MRO) reported a second-quarter 2020 net loss of $750 million, compared with net income of $161 million in the prior-year quarter. Second-quarter capital expenditures were $137 million. (PR Newswire)
Holly Energy Partners Increases Quarterly Income - Holly Energy Partners, L.P. (NYSE:HEP) reported second-quarter net income $76.5 million, compared with $45.7 million for second-quarter 2019. However, excluding a non-cash gain of $33.8 million, 2Q20 net income was $42.6 million. (Business Wire)
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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.
LNG
Sempra Still Waiting for Mexican Export Permit for Costa Azul LNG Plant - Sempra Energy (NYSE:SRE) said on Wednesday it continues to work with the Mexican government to get a 20-year export permit for the first phase of its proposed Costa Azul liquefied natural gas (LNG) export plant in Mexico. The company, which made the announcement in its second quarter earnings statement, has said it planned to make a final investment decision in 2020 to build the plant. (Reuters)
CRUDE OIL
U.S. Crude Oil Stocks Fall Sharply - U.S. crude oil inventories fell by 7.4 million barrels in the week ending July 31 to 518.6 million barrels. Refinery crude runs rose by 42,000 barrels per day. Gasoline stocks rose by 419,000 barrels in the week to 247.8 million barrels. Distillate stockpiles rose by 1.6 million barrels to slightly less than 180 million barrels. (Reuters)
EARNINGS REPORTS
Marathon Oil Swings to Net Loss - Marathon Oil Corporation (NYSE:MRO) reported a second-quarter 2020 net loss of $750 million, compared with net income of $161 million in the prior-year quarter. Second-quarter capital expenditures were $137 million. (PR Newswire)
Holly Energy Partners Increases Quarterly Income - Holly Energy Partners, L.P. (NYSE:HEP) reported second-quarter net income $76.5 million, compared with $45.7 million for second-quarter 2019. However, excluding a non-cash gain of $33.8 million, 2Q20 net income was $42.6 million. (Business Wire)
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.
