Pipelines
Enterprise Products, Encana, ExxonMobil: Your Daily Energy News
Scan through a selection of energy-related news highlights that we think will interest our clients.
Released Friday, March 01, 2019
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Project(s): View 2 related projects in PECWeb
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Enterprise Products Begins Service on Shin Oak NGL Pipeline - Enterprise Products Partners L.P. (NYSE:EPD) has begun service on the mainline of its Shin Oak Pipeline, which will carry 250,000 barrels per day of natural gas liquids (NGL) from Orla, Texas, to its hub in Mont Belvieu, Texas. (Project 300348696) (Business Wire)
Jupiter Extends Open Season on Permian-to-Brownsville Pipeline - Jupiter Energy Group announced a 90-day extension of the open season that commenced on November 30, 2018, for binding shipper commitments on the Jupiter Pipeline, which will run from the Permian Basin to the Port of Brownsville in Texas and is expected to be operational in the fourth quarter of 2020. (Project 300459299) (Business Wire)
EARNINGS REPORTS
Encana Boosts Net Earnings - Canadian oil and gas producer Encana Corporation (NYSE:ECA) reported full-year 2018 net earnings of C$1.07 billion ($811 million) versus C$827 million ($627 million) in 2017. The company produced an average of 361,200 barrels of oil equivalent per day in 2018. (Globe Newswire)
PRODUCTION
ExxonMobil Makes Large Gas Find Off Cyprus - Exxon Mobil Corporation (NYSE:XOM) (ExxonMobil) has discovered natural gas off the coast of Cyprus, a find authorities said was the biggest off the Mediterranean island since it started drilling for gas in 2011. The company said it had encountered a gas-bearing reservoir at a well southwest of the island, which could potentially represent between 5 trillion and 8 trillion cubic feet of gas. (Reuters)
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