Constellation Energy's Calpine Deal, Chevron's Gorgon LNG: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

CORPORATE - POWER INDUSTRY
Constellation Reaches Agreement with DOJ Over Calpine Acquisition - Power company Constellation Energy (Baltimore, Maryland) said on Friday it has reached a resolution with the U.S. Department of Justice (DOJ) on the conditions required to complete the previously announced $16.4 billion acquisition of Calpine Corporation (Houston, Texas). The Federal Energy Regulatory Commission (FERC) also approved the deal, on the condition Calpine divests four of its generating assets in the Mid-Atlantic region. As part of the agreement, Constellation will divest three natural gas-fired power plants. (Reuters)

LNG
Chevron's Gorgon LNG Project Secures US$2 Billion Investment - The Australian unit of U.S. oil giant Chevron (Houston) said on Friday that the partners of the Gorgon liquefied natural gas (LNG) joint venture have approved the A$3 billion (US$1.98 billion) Gorgon Stage 3 development off Western Australia's northwest coast. Chevron said in Gorgon Stage 3, six wells will be drilled across two fields, part of a series of planned subsea tiebacks. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)

CRUDE OIL
Venezuela's November Oil Exports Surpass 920,000 BBL/d - Venezuela's oil exports rose slightly to some 921,000 barrels per day (BBL/d) in November, the third-highest monthly average so far this year, as the country used more diluents to produce exportable grades, according to shipping data and documents. The main destination of the country's oil was again China, which received about 80% of total exports or some 746,000 BBL/d. (Reuters)

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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 Resources

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).