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Released July 15, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
ConocoPhillips to Acquire 30% Stake in Sempra's Port Arthur LNG Plant - ConocoPhillips (NYSE:COP) (Houston, Texas) said on Thursday it would take a 30% equity stake in Sempra Energy's (NYSE:SRE) (San Diego, California) Port Arthur liquefied natural gas (LNG) plant in Texas. ConocoPhillips also signed an LNG offtake agreement with Sempra for around 5 million metric tons per year of LNG from Port Arthur and may provide additional gas supply services to the facility, the company said in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed project report. (Reuters)
NATURAL GAS
U.S. Utilities Add Gas to Storage - The U.S. Energy Information Administration (EIA) said utilities added 58 billion cubic feet (Bcf) of gas to storage during the week ending July 8. That compares with an increase of 49 Bcf in the same week last year and a five-year (2017-2021) average increase of 55 Bcf. (Reuters)
CORPORATE
U.S. Oil Mergers Fall to $12 Billion in Second Quarter - U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, according to data released by energy analytics firm Enverus (Austin, Texas) on Thursday. "The spike in commodity prices that followed Russia's invasion of Ukraine temporarily stalled M&A as buyers and sellers disagreed on the value of assets," said Andrew Dittmar, a director at Enverus Intelligence Research. (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) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
LNG
ConocoPhillips to Acquire 30% Stake in Sempra's Port Arthur LNG Plant - ConocoPhillips (NYSE:COP) (Houston, Texas) said on Thursday it would take a 30% equity stake in Sempra Energy's (NYSE:SRE) (San Diego, California) Port Arthur liquefied natural gas (LNG) plant in Texas. ConocoPhillips also signed an LNG offtake agreement with Sempra for around 5 million metric tons per year of LNG from Port Arthur and may provide additional gas supply services to the facility, the company said in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed project report. (Reuters)
NATURAL GAS
U.S. Utilities Add Gas to Storage - The U.S. Energy Information Administration (EIA) said utilities added 58 billion cubic feet (Bcf) of gas to storage during the week ending July 8. That compares with an increase of 49 Bcf in the same week last year and a five-year (2017-2021) average increase of 55 Bcf. (Reuters)
CORPORATE
U.S. Oil Mergers Fall to $12 Billion in Second Quarter - U.S. oil and gas dealmaking fell to $12 billion last quarter, down from the first quarter and nearly a third of the $34.8 billion in the same period a year ago, according to data released by energy analytics firm Enverus (Austin, Texas) on Thursday. "The spike in commodity prices that followed Russia's invasion of Ukraine temporarily stalled M&A as buyers and sellers disagreed on the value of assets," said Andrew Dittmar, a director at Enverus Intelligence Research. (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) is the world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.
