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Petroleum Refining

Daily News Energy Headlines for August 25, 2015

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released Wednesday, August 26, 2015


News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) over the past week.

REFINING
BP Restarts Crude Distillation Unit at Whiting
- BP plc (NYSE:BP) released a statement today saying that it had restarted a crude distillation unit that has been offline since August 8 at its refinery in Whiting, Indiana. BP says that fuel production will ramp up over time.

PRODUCTION
Antero to Construct Wastewater Treatment Plant in West Virginia
- Exploration and production company Antero Resources Corporation (NYSE:AR) will construct a $275 million, 60,000-barrel-per-day wastewater treatment complex in West Virginia.

RSP Permian Acquires Midland Basin Properties, as Permian Rigs Stay Steady in Summer - RSP Permian Incorporated (NYSE:RSPP) (Dallas, Texas), an independent oil & gas company, closed several bolt-on acquisitions in the Midland Basin, which is its major operating area, for about $274 million. The company estimates it has picked up more than 85 million barrels of oil equivalent from the acquisitions.

LNG Export Terminals Lead 10 Top-Valued Projects on U.S. West Coast, with Hydropower Not Far Behind - Industrial Info is tracking more than $162 billion in active projects in the states of California, Oregon, Washington and Hawaii, with the 10 highest-value projects alone accounting for more than $30 billion. Two highly anticipated terminals that are designed to export liquefied natural gas (LNG) top the list; both recently received much-needed support from regulatory agencies, indicating that some of the legal red tape may be unraveling.

OTHER NEWS
Encana to Sell Haynesville Assets
- Canadian oil and gas producer Encana Corporation (NYSE:ECA) (Calgary) says it will sell its Haynesville Shale natural gas assets in northern Louisiana for $850 million to GEP Haynesville LLC.

Judge Backs New Jersey's $225 Million Exxon Settlement - A judge has approved New Jersey's $225 million settlement with Exxon Mobil Corporation (NYSE:XMO) (Irving, Texas) for a decades-old pollution claim on a site near New York Harbor. The state originally sought $8.9 billion in damages.

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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, five offices in North America and 10 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.
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