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Released July 02, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
POWER
Dominion Offshore Wind Project Achieves Regulatory Milestone - Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) announced that the Bureau of Ocean Energy Management (BOEM) will publish in the Federal Register on Friday the Notice of Intent (NOI) for the proposed 2.6-gigawatt Coastal Virginia Offshore Wind commercial project, the largest planned offshore wind farm in the United States. The issuance of a NOI begins BOEM's and other federal agencies' review of the project and the preparation of an Environmental Impact Statement, which will take about two years. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here the project report. (PR Newswire)
CRUDE OIL
Oil Up About 2% on OPEC+ Output, Demand Prospects - Oil prices rose roughly 2% on Thursday on indications that OPEC+ producers could increase output more slowly than expected in coming months, while rising global fuel demand causes supply to tighten. Brent crude settled at $75.84 a barrel, up $1.22, or 1.6%. U.S. West Texas Intermediate crude oil settled at $75.23 a barrel, gaining $1.76, or 2.4%. (Reuters)
CORPORATE
Williams Companies Completes Acquisition of Sequent from Southern Company - U.S. energy company Williams Companies Incorporated (NYSE:WMB) (Tulsa, Oklahoma) said Thursday it completed the acquisition of natural gas marketer Sequent Energy (Houston) from Southern Company's (NYSE:SO) (Atlanta, Georgia) gas unit. Williams said the acquisition, announced in May, accelerates its gas pipeline and storage optimization and increases Williams' gas pipeline marketing footprint to more than 8 billion cubic feet per day. (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.
POWER
Dominion Offshore Wind Project Achieves Regulatory Milestone - Dominion Energy Incorporated (NYSE:D) (Richmond, Virginia) announced that the Bureau of Ocean Energy Management (BOEM) will publish in the Federal Register on Friday the Notice of Intent (NOI) for the proposed 2.6-gigawatt Coastal Virginia Offshore Wind commercial project, the largest planned offshore wind farm in the United States. The issuance of a NOI begins BOEM's and other federal agencies' review of the project and the preparation of an Environmental Impact Statement, which will take about two years. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can click here the project report. (PR Newswire)
CRUDE OIL
Oil Up About 2% on OPEC+ Output, Demand Prospects - Oil prices rose roughly 2% on Thursday on indications that OPEC+ producers could increase output more slowly than expected in coming months, while rising global fuel demand causes supply to tighten. Brent crude settled at $75.84 a barrel, up $1.22, or 1.6%. U.S. West Texas Intermediate crude oil settled at $75.23 a barrel, gaining $1.76, or 2.4%. (Reuters)
CORPORATE
Williams Companies Completes Acquisition of Sequent from Southern Company - U.S. energy company Williams Companies Incorporated (NYSE:WMB) (Tulsa, Oklahoma) said Thursday it completed the acquisition of natural gas marketer Sequent Energy (Houston) from Southern Company's (NYSE:SO) (Atlanta, Georgia) gas unit. Williams said the acquisition, announced in May, accelerates its gas pipeline and storage optimization and increases Williams' gas pipeline marketing footprint to more than 8 billion cubic feet per day. (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.
