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Released May 12, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
POWER
EIA: U.S. Power Consumption to Rise as Governments Ease Lockdowns - U.S. power consumption will rise 2.2% this year as state and local governments ease coronavirus lockdowns, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA projected power demand will rise to 3,887 billion kilowatt-hours (kWh) in 2021 and 3,925 billion kWh in 2022 from a coronavirus-depressed 11-year low of 3,802 billion kWh in 2020. (Reuters)
PIPELINES
Enbridge Vows to Keep Line 5 Crude Oil Pipeline Running - Canadian pipeline company Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) is squaring off for a legal battle with Michigan and courting protests from environmental groups, betting it can ignore the U.S. state's Wednesday deadline to shut the Line 5 crude oil pipeline. "We will not stop operating the pipeline unless we are ordered by a court or our regulator, which we view as highly unlikely," Enbridge spokeswoman Tracie Kenyon said in a statement this week, ahead of Michigan's deadline of May 12 for shutting the line. Line 5 is a link in Enbridge's network to bring oil exports from western Canada to refineries and airports in Ontario, Quebec, Michigan, Ohio and Indiana. In November, Michigan Governor Gretchen Whitmer gave Enbridge six months to shut down the 540,000 barrel-per-day pipeline that runs four miles along the bottom of Lake Michigan-Huron, citing fears it could rupture and spill. (Pipeline 3506883) (Reuters)
CORPORATE
Chevron, Noble Midstream Partners Complete Merger - Chevron Corporation (NYSE:CVX) (San Ramon, California) and Noble Midstream Partners LP announced that the companies have completed the previously announced acquisition, which resulted in Noble Midstream becoming an indirect, wholly-owned subsidiary of Chevron. (BusinessWire)
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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 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
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.
POWER
EIA: U.S. Power Consumption to Rise as Governments Ease Lockdowns - U.S. power consumption will rise 2.2% this year as state and local governments ease coronavirus lockdowns, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA projected power demand will rise to 3,887 billion kilowatt-hours (kWh) in 2021 and 3,925 billion kWh in 2022 from a coronavirus-depressed 11-year low of 3,802 billion kWh in 2020. (Reuters)
PIPELINES
Enbridge Vows to Keep Line 5 Crude Oil Pipeline Running - Canadian pipeline company Enbridge Incorporated (NYSE:ENB) (Calgary, Alberta) is squaring off for a legal battle with Michigan and courting protests from environmental groups, betting it can ignore the U.S. state's Wednesday deadline to shut the Line 5 crude oil pipeline. "We will not stop operating the pipeline unless we are ordered by a court or our regulator, which we view as highly unlikely," Enbridge spokeswoman Tracie Kenyon said in a statement this week, ahead of Michigan's deadline of May 12 for shutting the line. Line 5 is a link in Enbridge's network to bring oil exports from western Canada to refineries and airports in Ontario, Quebec, Michigan, Ohio and Indiana. In November, Michigan Governor Gretchen Whitmer gave Enbridge six months to shut down the 540,000 barrel-per-day pipeline that runs four miles along the bottom of Lake Michigan-Huron, citing fears it could rupture and spill. (Pipeline 3506883) (Reuters)
CORPORATE
Chevron, Noble Midstream Partners Complete Merger - Chevron Corporation (NYSE:CVX) (San Ramon, California) and Noble Midstream Partners LP announced that the companies have completed the previously announced acquisition, which resulted in Noble Midstream becoming an indirect, wholly-owned subsidiary of Chevron. (BusinessWire)
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 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
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.
