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Project(s): View 1 related project in PECWeb
Plant(s): View 2 related plants in PECWeb
Released May 28, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
LNG
Tellurian Pushes Back Date of Driftwood LNG Project Start - U.S. liquefied natural gas developer Tellurian Incorporated (NASDAQ:TELL) (Houston, Texas) released a presentation that said its proposed Driftwood export plant in Louisiana was positioned for first-quarter 2022 commerciality. Analysts at Cowen & Company said in a note that meant Tellurian pushed back the final investment decision for Driftwood from 2021 to 2022. Earlier this year, the company said it hoped to start construction this summer. If you subscribe to Industrial Info's Global Market Intelligence Production Database, click here for the project report. (Reuters)
REFINING
Shell Sells Alabama Refinery to Vertex Energy - Royal Dutch Shell plc (RDS-A) (The Hague, Netherlands) has reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, Alabama, to Vertex Energy Operating LLC (NASDAQ:VTNR) (Houston). Vertex Energy is a specialty refiner of alternative feedstocks and marketer of high-purity petroleum products. The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. It is expected to close in fourth-quarter 2021. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Refining Database, click here to view plant profile. (PR Newswire)
PRODUCTION
Biden Administration Backs Alaska Drilling Approved Under Trump - President Joe Biden's administration defended on Wednesday a proposed ConocoPhillips (NYSE:COP) (Houston) oil development in Alaska, backing the drilling project, which was approved under the administration of former President Donald Trump. "A Wednesday filing by the U.S. Department of Justice continues to defend a 2020 Record of Decision for the Willow Project in the National Petroleum Reserve -- Alaska (NPR-A)" a spokesman of the U.S. Interior Department said in an email. In February, an appeals court blocked construction of ConocoPhillips' $2 billion-plus Willow crude oil project in Alaska. Wednesday's development comes even as Interior Secretary Deb Haaland had opposed the project last year when she was a member of Congress. Click here for a list of related projects. (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), 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.
LNG
Tellurian Pushes Back Date of Driftwood LNG Project Start - U.S. liquefied natural gas developer Tellurian Incorporated (NASDAQ:TELL) (Houston, Texas) released a presentation that said its proposed Driftwood export plant in Louisiana was positioned for first-quarter 2022 commerciality. Analysts at Cowen & Company said in a note that meant Tellurian pushed back the final investment decision for Driftwood from 2021 to 2022. Earlier this year, the company said it hoped to start construction this summer. If you subscribe to Industrial Info's Global Market Intelligence Production Database, click here for the project report. (Reuters)
REFINING
Shell Sells Alabama Refinery to Vertex Energy - Royal Dutch Shell plc (RDS-A) (The Hague, Netherlands) has reached an agreement for the sale of the Mobile Chemical LP Refinery in Mobile, Alabama, to Vertex Energy Operating LLC (NASDAQ:VTNR) (Houston). Vertex Energy is a specialty refiner of alternative feedstocks and marketer of high-purity petroleum products. The consideration for this transaction is $75 million in cash plus the value of the hydrocarbon inventory. It is expected to close in fourth-quarter 2021. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Refining Database, click here to view plant profile. (PR Newswire)
PRODUCTION
Biden Administration Backs Alaska Drilling Approved Under Trump - President Joe Biden's administration defended on Wednesday a proposed ConocoPhillips (NYSE:COP) (Houston) oil development in Alaska, backing the drilling project, which was approved under the administration of former President Donald Trump. "A Wednesday filing by the U.S. Department of Justice continues to defend a 2020 Record of Decision for the Willow Project in the National Petroleum Reserve -- Alaska (NPR-A)" a spokesman of the U.S. Interior Department said in an email. In February, an appeals court blocked construction of ConocoPhillips' $2 billion-plus Willow crude oil project in Alaska. Wednesday's development comes even as Interior Secretary Deb Haaland had opposed the project last year when she was a member of Congress. Click here for a list of related projects. (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), 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.
