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Plant(s): View 1 related plant in PECWeb
Released May 01, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Texas Producers Turn to Flaring Amid Weak Gas Prices - Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests. The Railroad Commission of Texas, which regulates the state's oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in the Permian and Eagle Ford shale fields, to flare, more than four times the level it approved this time last year. (Reuters)
ExxonMobil to Shut Two Guyana Platforms to Connect Pipeline - Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters on Tuesday. The 140-mile pipeline will feed Guyana's $1.9 billion gas-to-power project aimed at ending the country's dependence on imported fuels and at lowering energy costs for residents. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipeline Project Database can learn more by viewing by the related project reports. (Reuters)
TERMINALS
Enterprise Expects to Reach FID on Deepwater Oil Terminal by Yearend - Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision (FID) on the project before yearend. Enterprise's ambitious Sea Port Oil Terminal (SPOT), proposed for a site off the coast of Texas, would be able to load two supertankers at a single time. It received a key government license this month, but is yet to sign any commercial customers. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project Database can learn more by viewing by the project report. (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
Texas Producers Turn to Flaring Amid Weak Gas Prices - Operators drilling for oil in Texas are scrambling to dispose of excess natural gas amid a supply glut and weak prices, prompting a sharp rise in flaring requests. The Railroad Commission of Texas, which regulates the state's oil and natural gas industry, last week approved 21 exemption requests from operators, mostly in the Permian and Eagle Ford shale fields, to flare, more than four times the level it approved this time last year. (Reuters)
ExxonMobil to Shut Two Guyana Platforms to Connect Pipeline - Exxon Mobil Corporation (NYSE:XOM) (Spring, Texas) will shut down two offshore oil production projects in Guyana for two weeks each, between July and August, to connect a natural gas pipeline, the company's country head Alistair Routledge told reporters on Tuesday. The 140-mile pipeline will feed Guyana's $1.9 billion gas-to-power project aimed at ending the country's dependence on imported fuels and at lowering energy costs for residents. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipeline Project Database can learn more by viewing by the related project reports. (Reuters)
TERMINALS
Enterprise Expects to Reach FID on Deepwater Oil Terminal by Yearend - Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) on Tuesday said it expects to have two contracts for its proposed deepwater oil export terminal by May 31 and reach a final investment decision (FID) on the project before yearend. Enterprise's ambitious Sea Port Oil Terminal (SPOT), proposed for a site off the coast of Texas, would be able to load two supertankers at a single time. It received a key government license this month, but is yet to sign any commercial customers. Subscribers to Industrial Info's Global Market Intelligence (GMI) Terminals Project Database can learn more by viewing by the project report. (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).
