Production
Chevron, ConocoPhillips: Your Daily Energy News
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Friday, June 19, 2020
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
ConocoPhillips to Resume Alaska Production in July - ConocoPhillips (NYSE:COP) has announced that it intends to resume normal production on Alaska's North Slope in July. The company had cut production by about 100,000 barrels a day (BBL/d) in June, and that curtailment remains in place through June 30, company spokesperson Natalie Lowman told the Associated Press. North Slope oil prices that were about $10 a barrel in late April have climbed to about $40 a barrel. (Kallanish Energy)
FINANCIAL
Chevron to Sell Stake in Australia's North West Shelf LNG Project - Chevron Corporation (NYSE:CVX) has put up for sale its minority stake in Australia's biggest and oldest liquefied natural gas (LNG) project, the North West Shelf, after drawing interest from potential buyers, the company said on Thursday. (Reuters)
CRUDE OIL
Saudi Arabia Crude Exports Rose to 10.237 Million Barrels per Day in April - Saudi Arabia's crude oil exports in April rose to 10.237 million BBL/d from 7.391 million BBL/d in March, official data showed on Thursday. The country's crude output rose by 2.274 million BBL/d to 12.007 million BBL/d in April, the official figures showed. (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 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.
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