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Released May 25, 2016 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
Fluor Announces Completion of Dominion's Brunswick County Power Station - On Monday, Fluor Corporation (NYSE:FLR) (Irving, Texas) announced that "it has achieved substantial completion" of Dominion Energy Virginia's (NYSE:D) 1,358-megawatt (MW), natural gas-fired Brunswick County Power Station in Virginia.
Omaha Utility Continues Generation Makeover with Plan to Close Nuclear Plant - Nebraska's Fort Calhoun Nuclear Power Station (FCS) may be the latest U.S. nuclear power plant that market forces will force to close prematurely. The one-unit, 478-MW facility, North America's smallest nuclear plant, opened in 1973.
FINANCIAL
Chesapeake Swaps Debt for Equity Again - Chesapeake Energy Corporation (NYSE:CHK) (Oklahoma City, Oklahoma) has announced that it has agreed to swap about 5% of its outstanding shares (37.1 million shares) in exchange for senior notes valued at about $166 million. This is the company's second debt-for-equity swap this month.
PRODUCTION
India Auctions Oil and Gas Fields for First Time Since 2010 - The Indian government is auctioning off drilling rights to 46 oil and gas fields in the first such sale since 2010.
Deepwater O&G Projects Get Creative in Development Structures, Cutting Costs and Expanding Reach - In the deepwater offshore industry, where new-build platforms are multi-billion dollar undertakings, cutting costs by even 1% can mean millions in savings. Using new development structures such as "hub and spoke" and "design one, build two," offshore operators are maximizing efficiencies and exploiting new resources in new ways to allow continued development as an industry.
TOP NEWS
Oil Sector Strikes Cripple France - A series of strikes by oil sector workers in France has spread to the country's refineries, and striking workers have blocked fuel depots and oil terminals. France has a total refining capacity of 1.5 million barrels per day.
PIPELINES
Open Season Complete for Corpus Christi-Mexico Refined Products Line - Howard Midstream Energy Partners LLC (San Antonio, Texas) has announced the completion of a successful open season of its Dos Aguilas pipeline project, which will deliver refined products from Corpus Christi, Texas, to northern Mexico.
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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. Follow IIR on: Facebook - Twitter - LinkedIn.
POWER
Fluor Announces Completion of Dominion's Brunswick County Power Station - On Monday, Fluor Corporation (NYSE:FLR) (Irving, Texas) announced that "it has achieved substantial completion" of Dominion Energy Virginia's (NYSE:D) 1,358-megawatt (MW), natural gas-fired Brunswick County Power Station in Virginia.
Omaha Utility Continues Generation Makeover with Plan to Close Nuclear Plant - Nebraska's Fort Calhoun Nuclear Power Station (FCS) may be the latest U.S. nuclear power plant that market forces will force to close prematurely. The one-unit, 478-MW facility, North America's smallest nuclear plant, opened in 1973.
FINANCIAL
Chesapeake Swaps Debt for Equity Again - Chesapeake Energy Corporation (NYSE:CHK) (Oklahoma City, Oklahoma) has announced that it has agreed to swap about 5% of its outstanding shares (37.1 million shares) in exchange for senior notes valued at about $166 million. This is the company's second debt-for-equity swap this month.
PRODUCTION
India Auctions Oil and Gas Fields for First Time Since 2010 - The Indian government is auctioning off drilling rights to 46 oil and gas fields in the first such sale since 2010.
Deepwater O&G Projects Get Creative in Development Structures, Cutting Costs and Expanding Reach - In the deepwater offshore industry, where new-build platforms are multi-billion dollar undertakings, cutting costs by even 1% can mean millions in savings. Using new development structures such as "hub and spoke" and "design one, build two," offshore operators are maximizing efficiencies and exploiting new resources in new ways to allow continued development as an industry.
TOP NEWS
Oil Sector Strikes Cripple France - A series of strikes by oil sector workers in France has spread to the country's refineries, and striking workers have blocked fuel depots and oil terminals. France has a total refining capacity of 1.5 million barrels per day.
PIPELINES
Open Season Complete for Corpus Christi-Mexico Refined Products Line - Howard Midstream Energy Partners LLC (San Antonio, Texas) has announced the completion of a successful open season of its Dos Aguilas pipeline project, which will deliver refined products from Corpus Christi, Texas, to northern Mexico.
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. Follow IIR on: Facebook - Twitter - LinkedIn.
