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Released June 03, 2016 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
Exelon Announces Early Retirement of Illinois Nuclear Facilities - On Thursday, Exelon Corporation (NYSE:EXC) (Chicago, Illinois) announced that it would retire its Clinton nuclear power station in Clinton, Illinois, and Quad Cities nuclear power station in Cordova, Illinois, in 2017 and 2018, respectively, as the plants have lost a combined $800 million in the past seven years.
Energy, Water Appropriations Bill Would Fund Hydroelectric Projects - H.R. 2028, the Energy and Water Development and Related Agencies Appropriations Act 2017, which is working its way through Congress, would provide funding for the U.S. Army Corps of Engineers, Bureau of Reclamation and Department of Energy to develop conventional and pumped storage hydroelectric projects. It also includes competition for marine, hydrokinetic and tidal energy research and development funding as well as demonstration projects.
LNG
Kinder Morgan LNG Project Receives FERC Authorization - Kinder Morgan Incorporated's (NYSE:KMI) (Houston, Texas) planned Elba Island liquefied natural gas (LNG) production facility in Georgia has received permission from the U.S. Federal Energy Regulatory Commission (FERC) to move forward. The first liquefaction unit is expected to be placed in service in the second quarter of 2018.
CRUDE OIL
U.S. Crude Inventories Decline - The U.S. Energy Information Administration reports that U.S. crude oil stocks fell by 1.4 million barrels for the week ending May 27. Gasoline stocks declined by 1.5 million barrels, while distillate stocks fell by 1.3 million barrels.
PRODUCTION
Israel Government Approves Development of Leviathan Gas Field - On Thursday, Israel's government approved the development plan for the country's offshore Leviathan natural gas field, of which Noble Energy Incorporated (NYSE:NBL) (Houston) holds a 40% stake. A previous development plan was struck down by Israel's Supreme Court in March.
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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, five offices in North America and 10 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/.
POWER
Exelon Announces Early Retirement of Illinois Nuclear Facilities - On Thursday, Exelon Corporation (NYSE:EXC) (Chicago, Illinois) announced that it would retire its Clinton nuclear power station in Clinton, Illinois, and Quad Cities nuclear power station in Cordova, Illinois, in 2017 and 2018, respectively, as the plants have lost a combined $800 million in the past seven years.
Energy, Water Appropriations Bill Would Fund Hydroelectric Projects - H.R. 2028, the Energy and Water Development and Related Agencies Appropriations Act 2017, which is working its way through Congress, would provide funding for the U.S. Army Corps of Engineers, Bureau of Reclamation and Department of Energy to develop conventional and pumped storage hydroelectric projects. It also includes competition for marine, hydrokinetic and tidal energy research and development funding as well as demonstration projects.
LNG
Kinder Morgan LNG Project Receives FERC Authorization - Kinder Morgan Incorporated's (NYSE:KMI) (Houston, Texas) planned Elba Island liquefied natural gas (LNG) production facility in Georgia has received permission from the U.S. Federal Energy Regulatory Commission (FERC) to move forward. The first liquefaction unit is expected to be placed in service in the second quarter of 2018.
CRUDE OIL
U.S. Crude Inventories Decline - The U.S. Energy Information Administration reports that U.S. crude oil stocks fell by 1.4 million barrels for the week ending May 27. Gasoline stocks declined by 1.5 million barrels, while distillate stocks fell by 1.3 million barrels.
PRODUCTION
Israel Government Approves Development of Leviathan Gas Field - On Thursday, Israel's government approved the development plan for the country's offshore Leviathan natural gas field, of which Noble Energy Incorporated (NYSE:NBL) (Houston) holds a 40% stake. A previous development plan was struck down by Israel's Supreme Court in March.
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, five offices in North America and 10 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/.
