Released May 07, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
Woodfibre LNG Signs Second BP Deal for British Columbia LNG Plant - Canadian liquefied natural gas (LNG) developer Woodfibre LNG (Squamish, British Columbia) said Thursday it signed a second agreement to sell LNG from its proposed export plant in British Columbia to a unit of oil major BP plc (NYSE:BP (London, England). Woodfibre said it will sell 0.75 million tonnes per annum (MTPA) of LNG to BP's BP Gas Marketing Limited over 15 years on a free on board basis. This latest agreement will increase BP's total LNG off-take to 1.5 MTPA from Woodfibre's proposed 2.1-MTPA plant. (Reuters)
Total Sees 2023 Investment Decision for Papua New Guinea LNG Project - Total (Paris, France) said it had agreed with the Papua New Guinea government to proceed with an LNG project in the country, which had been delayed due to the pandemic, with a final investment decision due in 2023. Total added in a statement on Wednesday that it would re-mobilize teams involved in the project. (Reuters)
CORPORATE
EQT Corporation to Purchase Private Driller for Nearly $3 Billion - EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania), the largest U.S. natural gas producer, said on Thursday it will buy Appalachian basin rival Alta Resources (Neenah, Wisconsin) for $2.93 billion in cash and stock, expanding its position in the gas-rich shale plays of the U.S. northeast. (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.
LNG
Woodfibre LNG Signs Second BP Deal for British Columbia LNG Plant - Canadian liquefied natural gas (LNG) developer Woodfibre LNG (Squamish, British Columbia) said Thursday it signed a second agreement to sell LNG from its proposed export plant in British Columbia to a unit of oil major BP plc (NYSE:BP (London, England). Woodfibre said it will sell 0.75 million tonnes per annum (MTPA) of LNG to BP's BP Gas Marketing Limited over 15 years on a free on board basis. This latest agreement will increase BP's total LNG off-take to 1.5 MTPA from Woodfibre's proposed 2.1-MTPA plant. (Reuters)
Total Sees 2023 Investment Decision for Papua New Guinea LNG Project - Total (Paris, France) said it had agreed with the Papua New Guinea government to proceed with an LNG project in the country, which had been delayed due to the pandemic, with a final investment decision due in 2023. Total added in a statement on Wednesday that it would re-mobilize teams involved in the project. (Reuters)
CORPORATE
EQT Corporation to Purchase Private Driller for Nearly $3 Billion - EQT Corporation (NYSE:EQT) (Pittsburgh, Pennsylvania), the largest U.S. natural gas producer, said on Thursday it will buy Appalachian basin rival Alta Resources (Neenah, Wisconsin) for $2.93 billion in cash and stock, expanding its position in the gas-rich shale plays of the U.S. northeast. (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 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.
