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Project(s): View 2 related projects in PECWeb
Plant(s): View 3 related plants in PECWeb
Released May 30, 2023 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
ConocoPhillips to Buy Remaining Stake in Surmont Oil Sands Site - ConocoPhillips (NYSE:COP) (Houston, Texas) said on Friday it was buying the 50% stake in the Surmont oil sands facility held by TotalEnergies SE's (NYSE:TTE) (Courbevoie, France) Canadian subsidiary for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta). Suncor last month agreed to buy TotalEnergies' Canadian operations for C$5.5 billion (US$4.11 billion), including Total's 50% stake in Surmont, which ConocoPhillips operates. But ConocoPhillips, which held the other 50% stake, held right of first refusal to buy the rest of Surmont. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
PIPELINES
TC Energy Seeks to Put North Baja Pipeline into Service - TC Energy Corporation's (NYSE:TRP) (Calgary, Alberta) North Baja Pipeline LLC unit asked U.S. energy regulators on Thursday for permission to put parts of the North Baja natural gas pipeline expansion in Arizona and California into service. The 495-million-cubic-foot-per-day North Baja expansion will supply more U.S. natural gas to Mexico. Subscribers to Industrial Info's Pipeline Project Database can view a related project report. (Reuters)
U.S. Court Questions Another Mountain Valley Pipeline Permit - U.S. energy company Equitrans Midstream's (NYSE:ETRN) (Pittsburgh, Pennsylvania) long-delayed $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia received another negative court ruling on Friday. The U.S. Court of Appeals for the District of Columbia Circuit ruled the U.S. Federal Energy Regulatory Commission (FERC) "inadequately explained its decision not to prepare a supplemental environmental impact statement." The statement would address "unexpectedly severe erosion and sedimentation along the pipeline's right-of-way." The Court remanded the case back to FERC to either "prepare a supplemental environmental impact statement or to better explain why one is unnecessary." Subscribers can click here for related project reports. (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 leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
PRODUCTION
ConocoPhillips to Buy Remaining Stake in Surmont Oil Sands Site - ConocoPhillips (NYSE:COP) (Houston, Texas) said on Friday it was buying the 50% stake in the Surmont oil sands facility held by TotalEnergies SE's (NYSE:TTE) (Courbevoie, France) Canadian subsidiary for about $3 billion, giving it full ownership and elbowing away rival Suncor Energy Incorporated (NYSE:SU) (Calgary, Alberta). Suncor last month agreed to buy TotalEnergies' Canadian operations for C$5.5 billion (US$4.11 billion), including Total's 50% stake in Surmont, which ConocoPhillips operates. But ConocoPhillips, which held the other 50% stake, held right of first refusal to buy the rest of Surmont. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)
PIPELINES
TC Energy Seeks to Put North Baja Pipeline into Service - TC Energy Corporation's (NYSE:TRP) (Calgary, Alberta) North Baja Pipeline LLC unit asked U.S. energy regulators on Thursday for permission to put parts of the North Baja natural gas pipeline expansion in Arizona and California into service. The 495-million-cubic-foot-per-day North Baja expansion will supply more U.S. natural gas to Mexico. Subscribers to Industrial Info's Pipeline Project Database can view a related project report. (Reuters)
U.S. Court Questions Another Mountain Valley Pipeline Permit - U.S. energy company Equitrans Midstream's (NYSE:ETRN) (Pittsburgh, Pennsylvania) long-delayed $6.6 billion Mountain Valley natural gas pipeline from West Virginia to Virginia received another negative court ruling on Friday. The U.S. Court of Appeals for the District of Columbia Circuit ruled the U.S. Federal Energy Regulatory Commission (FERC) "inadequately explained its decision not to prepare a supplemental environmental impact statement." The statement would address "unexpectedly severe erosion and sedimentation along the pipeline's right-of-way." The Court remanded the case back to FERC to either "prepare a supplemental environmental impact statement or to better explain why one is unnecessary." Subscribers can click here for related project reports. (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 leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
