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Daily News Energy Headlines from November 9, 2017
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Friday, November 10, 2017
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
TERMINALS
TransMontaigne to Acquire West Coast Terminals from Plains All American - TransMontaigne Partners L.P. (NYSE:TLP) announced today that one of its wholly owned subsidiaries has entered into an agreement to acquire the Martinez Terminal and Richmond Terminal in California from an affiliate of Plains All American Pipeline, L.P. (NYSE:PAA), for a total purchase price of $275 million. (Business Wire)
PIPELINES
Court Lifts Stay on Atlantic Sunrise Project - Williams Partners L.P. (NYSE:WPZ) announced that the U.S. Court of Appeals for the District of Columbia has denied an emergency motion to stay the Federal Energy Regulatory Commission's authorization of the company's Atlantic Sunrise pipeline project, allowing construction to immediately resume. (Business Wire)
LNG
Total Buys Engie's LNG Stake - Total SA (NYSE:TOT) said it will pay $1.5 billion to buy Engie's liquefied natural gas (LNG) assets in a deal between French energy giants with U.S. Gulf Coast implications. The deal includes the sale of Engie's 16.6% stake in the Cameron LNG project in Louisiana near the Texas border. San Diego-based Sempra Energy (NYSE:SRE) owns a majority of the much-delayed Cameron LNG export project, which now is slated to begin coming online in 2019. (Project 300073863) (Fuel Fix)
Cheniere Signs MoU with China Company for LNG Sales - Cheniere Energy Incorporated (NYSE:LNG), owner of the first liquefied natural gas (LNG) export terminal in the United States, signed a memorandum of understanding (MoU) with China National Petroleum Corporation for long-term LNG sales and purchase cooperation, the U.S. State Department said on Thursday. (Reuters)
FINANCIAL
Noble Energy to Sell Colorado Assets - Noble Energy (NYSE:NBL) has agreed to sell off thousands of acres in Colorado's DJ Basin for $608 million, jettisoning two areas it hadn't planned to develop for several years. (Fuel Fix)
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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