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Released December 20, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
NATURAL GAS
New England Natural Gas Prices Spike - Natural gas and power prices in New England spiked to their highest since last winter as a cold snap froze the six-state region. Temperatures in Boston, New England's biggest city, were expected to reach a high of just 25 degrees Fahrenheit (-4 Celsius) on Thursday. Next-day gas prices for Thursday jumped almost 25% to $14.50 per million British thermal units (mmBtu), their highest since January, for a second day in a row. (Reuters)
CORPORATE
Chevron to Buy Australia's Puma Energy for $292 Million - Chevron (NYSE:CVX) will buy Australia's Puma Energy for about $292 million to provide more fuel distribution support in the Asia-Pacific region. Chevron, which has a large refining presence in Asia and large liquefied natural gas hubs in Australia, will scoop up Puma's network of 100 storage terminals, 3,000 retail fueling sites and its roughly 8,000 employees, including regional locations in Singapore, Estonia, South Africa and Puerto Rico. (Houston Chronicle)
PRODUCTION
Israel's Levethian Gas Field to Start Production Next Week - Israel's energy ministry gave its final approval for the start of production at the giant Leviathan gas field and said the wells will open early on Monday after a court lifted a temporary injunction granted over environmental concerns. (Projects 300266232, 300268527, 300428445, 300428507) (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 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.
NATURAL GAS
New England Natural Gas Prices Spike - Natural gas and power prices in New England spiked to their highest since last winter as a cold snap froze the six-state region. Temperatures in Boston, New England's biggest city, were expected to reach a high of just 25 degrees Fahrenheit (-4 Celsius) on Thursday. Next-day gas prices for Thursday jumped almost 25% to $14.50 per million British thermal units (mmBtu), their highest since January, for a second day in a row. (Reuters)
CORPORATE
Chevron to Buy Australia's Puma Energy for $292 Million - Chevron (NYSE:CVX) will buy Australia's Puma Energy for about $292 million to provide more fuel distribution support in the Asia-Pacific region. Chevron, which has a large refining presence in Asia and large liquefied natural gas hubs in Australia, will scoop up Puma's network of 100 storage terminals, 3,000 retail fueling sites and its roughly 8,000 employees, including regional locations in Singapore, Estonia, South Africa and Puerto Rico. (Houston Chronicle)
PRODUCTION
Israel's Levethian Gas Field to Start Production Next Week - Israel's energy ministry gave its final approval for the start of production at the giant Leviathan gas field and said the wells will open early on Monday after a court lifted a temporary injunction granted over environmental concerns. (Projects 300266232, 300268527, 300428445, 300428507) (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.
