Energy Transfer, ExxonMobil, Magnolia LNG: Your Daily Energy News

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

CORPORATE
Energy Transfer to Acquire SemGroup - Energy Transfer LP (NYSE:ET) announced that it has agreed to acquire midstream company SemGroup (NYSE:SEMG) in a deal valued at approximately $5 bilion. (Business Wire)

LNG
Magnolia LNG Signs Sales Agreement with Vietnam - Magnolia LNG, which is developing a liquefied natural gas (LNG) production facility in Louisiana, has signed a deal with a Singapore company and Vietnamese province that is developing a power project in Vietnam for 2 million metric tons of LNG a year for 20 years. (Project 300107103) (Houston Chronicle)

PRODUCTION
ExxonMobil, Hess Make New Guyana Discovery - Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) said Monday it made another discovery offshore of Guyana, increasing its potential resource base as first production looms in early 2020. The new find made by Exxon and its partner Hess Corporation (NYSE:HES) is the 14th discovery they have announced offshore Guyana within just a few years. The new discovery is at the Tripletail-1 well in what's known as the Turbot area. (Houston Chronicle)

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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.