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Released November 18, 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 to Proceed with Mexico LNG Export Plant - Sempra Energy (NYSE:SRE) said on Tuesday its ECA Liquefaction subsidiary will build the Costa Azul liquefied natural gas (LNG) export plant in Mexico, the only LNG export project in the world to get a final investment decision in 2020. ECA Liquefaction will build the plant at the existing Costa Azul LNG import plant at an estimated capital cost of around $2 billion. It is expected to produce first LNG in late 2024. (Project 300211654) (Reuters)
PIPELINES
Canadian Indigenous Group to Invest Up to C$1 Billion in Keystone XL Pipeline - Pipeline operator TC Energy (NYSE:TRP) said on Tuesday that Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its Keystone XL oil pipeline. Keystone XL would carry 830,000 barrels per day of crude oil from Alberta to the U.S. Midwest. It has faced a decade of opposition from U.S. landowners, environmental groups and tribes. Some indigenous groups oppose pipeline projects, but other Canadian First Nations have invested in the industry to share in profits and jobs. Click here for a list of related projects. (Reuters)
PRODUCTION
ExxonMobil Says Latest Guyana Discovery Not Financially Viable - An oil exploration campaign led by Exxon Mobil Corporation (NYSE:XOM) in the Kaieteur block off Guyana's coast discovered hydrocarbons, but it does not appear to be financially viable on its own, a spokesman for the company said on Tuesday. As part of a consortium with Hess Corporation (NYSE:HES) and China's CNOOC Ltd., Exxon has made 18 discoveries totaling some 8 billion barrels of recoverable oil and gas in Guyana's massive Stabroek block, southwest of Kaieteur. (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.
LNG
Sempra to Proceed with Mexico LNG Export Plant - Sempra Energy (NYSE:SRE) said on Tuesday its ECA Liquefaction subsidiary will build the Costa Azul liquefied natural gas (LNG) export plant in Mexico, the only LNG export project in the world to get a final investment decision in 2020. ECA Liquefaction will build the plant at the existing Costa Azul LNG import plant at an estimated capital cost of around $2 billion. It is expected to produce first LNG in late 2024. (Project 300211654) (Reuters)
PIPELINES
Canadian Indigenous Group to Invest Up to C$1 Billion in Keystone XL Pipeline - Pipeline operator TC Energy (NYSE:TRP) said on Tuesday that Canadian indigenous group Natural Law Energy will invest up to C$1 billion ($763.77 million) in its Keystone XL oil pipeline. Keystone XL would carry 830,000 barrels per day of crude oil from Alberta to the U.S. Midwest. It has faced a decade of opposition from U.S. landowners, environmental groups and tribes. Some indigenous groups oppose pipeline projects, but other Canadian First Nations have invested in the industry to share in profits and jobs. Click here for a list of related projects. (Reuters)
PRODUCTION
ExxonMobil Says Latest Guyana Discovery Not Financially Viable - An oil exploration campaign led by Exxon Mobil Corporation (NYSE:XOM) in the Kaieteur block off Guyana's coast discovered hydrocarbons, but it does not appear to be financially viable on its own, a spokesman for the company said on Tuesday. As part of a consortium with Hess Corporation (NYSE:HES) and China's CNOOC Ltd., Exxon has made 18 discoveries totaling some 8 billion barrels of recoverable oil and gas in Guyana's massive Stabroek block, southwest of Kaieteur. (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.
