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Released December 12, 2018 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
FINANCIAL
Cenovus Lowers Capital Budget - Canada's Cenovus Energy Incorporated (NYSE:CVE) said on Tuesday it would reduce its capital spending for 2019 by 4%. The company said it plans to invest between C$1.2 billion ($901.1 million) and C$1.4 billion ($1.05 billion) in 2019, with the majority of the budget going to its Foster Creek and Christina Lake oil sands operations. (Projects 56001661, 56001681) (Reuters)
POWER
Dominion Starts Up Virginia Power Station - Dominion Energy (NYSE:D) has announced that it has begun operations of its 1,588-megawatt Greensville County Power Station near Emporia, Virginia. (Project 300204274) (PR Newswire)
PIPELINES
Judge Denies TransCanada's Request to Begin Preconstruction Work on Keystone XL - Judge Brian Morris of the federal District Court for the Montana District rejected TransCanada's (NYSE:TRP) request to complete preconstruction activities in preparation for building the Keystone XL oil pipeline, saying they could lead to irreparable harm. (Kallanish Energy)
PRODUCTION
U.S. to End 2018 as World's Top Oil Producer - U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end 2018 as the world's top producer. (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.
FINANCIAL
Cenovus Lowers Capital Budget - Canada's Cenovus Energy Incorporated (NYSE:CVE) said on Tuesday it would reduce its capital spending for 2019 by 4%. The company said it plans to invest between C$1.2 billion ($901.1 million) and C$1.4 billion ($1.05 billion) in 2019, with the majority of the budget going to its Foster Creek and Christina Lake oil sands operations. (Projects 56001661, 56001681) (Reuters)
POWER
Dominion Starts Up Virginia Power Station - Dominion Energy (NYSE:D) has announced that it has begun operations of its 1,588-megawatt Greensville County Power Station near Emporia, Virginia. (Project 300204274) (PR Newswire)
PIPELINES
Judge Denies TransCanada's Request to Begin Preconstruction Work on Keystone XL - Judge Brian Morris of the federal District Court for the Montana District rejected TransCanada's (NYSE:TRP) request to complete preconstruction activities in preparation for building the Keystone XL oil pipeline, saying they could lead to irreparable harm. (Kallanish Energy)
PRODUCTION
U.S. to End 2018 as World's Top Oil Producer - U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end 2018 as the world's top producer. (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.
