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Released February 25, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Canada's Teck Drops Frontier Oil Sands Project - Canadian miner Teck Resources (NYSE:TECK) has withdrawn an application to build its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta. Teck said on Sunday it would write down the C$1.13 billion ($852.12 million) carrying value of the project. (Project 56001590) (Reuters)
NATURAL GAS
EIA: U.S. Natural Gas Inventories to Reach Record Levels This Year - In the U.S. Energy Information Administration's (EIA) February Short-Term Energy Outlook, the EIA forecasts that the Lower 48 states' working natural gas in storage will end the 2019--20 winter heating season (November 1--March 31) at 1,935 billion cubic feet (Bcf), with 12% more inventory than the previous five-year average. The EIA forecasts that net injections during the refill season (April 1--October 31) will bring the total working gas in storage to 4,029 Bcf, which, if realized, would be the largest monthly inventory level on record. (EIA)
FINANCIAL
CenterPoint Energy to Sell Natural Gas Retail Business - CenterPoint Energy (NYSE:CNP) said Monday that it will sell its natural gas retail business for $400 million to Energy Capital Partners of New Jersey, a private equity investor. (Houston Chronicle)
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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.
PRODUCTION
Canada's Teck Drops Frontier Oil Sands Project - Canadian miner Teck Resources (NYSE:TECK) has withdrawn an application to build its C$20.6 billion ($15.7 billion) Frontier oil sands mine in Alberta. Teck said on Sunday it would write down the C$1.13 billion ($852.12 million) carrying value of the project. (Project 56001590) (Reuters)
NATURAL GAS
EIA: U.S. Natural Gas Inventories to Reach Record Levels This Year - In the U.S. Energy Information Administration's (EIA) February Short-Term Energy Outlook, the EIA forecasts that the Lower 48 states' working natural gas in storage will end the 2019--20 winter heating season (November 1--March 31) at 1,935 billion cubic feet (Bcf), with 12% more inventory than the previous five-year average. The EIA forecasts that net injections during the refill season (April 1--October 31) will bring the total working gas in storage to 4,029 Bcf, which, if realized, would be the largest monthly inventory level on record. (EIA)
FINANCIAL
CenterPoint Energy to Sell Natural Gas Retail Business - CenterPoint Energy (NYSE:CNP) said Monday that it will sell its natural gas retail business for $400 million to Energy Capital Partners of New Jersey, a private equity investor. (Houston Chronicle)
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.
