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Released January 11, 2022 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
CORPORATE
Enterprise Products to Buy Navitas to Boost Natural Gas Pipeline Network - Pipeline operator Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) said on Monday it would buy Warburg Pincus-owned Navitas Midstream (The Woodlands, Texas) for $3.25 billion in cash. Navitas owns a network of about 1,750 miles of natural gas pipelines in the Midland portion of the Permian Basin. (Reuters)
PRODUCTION
Chevron: Kazakhstan's Tengiz Oilfield Production Being Restored Gradually - Kazakhstan's largest oil venture Tengizchevroil is gradually increasing production to reach normal rates at the Tengiz field after protests limited output there in recent days, operator Chevron (NYSE:CVX) (San Ramon, California) said on Sunday. Production at Tengiz, Kazakhstan's largest oilfield, was curtailed in the past few days as some contractors disrupted train lines in support of protests taking place across the central Asian country. Kazakhstan is a major oil producer with output of about 1.6 million barrels per day in recent months. (Reuters)
McDermott Bags Contract for Australia's Scarborough Offshore Production Unit - McDermott International (Houston, Texas) has been awarded a contract by Woodside Petroleum (Perth, Australia) for the engineering, procurement, construction, installation and commissioning services for its floating production unit for natural gas production offshore Western Australia. The integrated scope also includes the design, fabrication, integration, transportation and installation of the hull and topsides. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed report. (PR Newswire)
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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.
CORPORATE
Enterprise Products to Buy Navitas to Boost Natural Gas Pipeline Network - Pipeline operator Enterprise Products Partners LP (NYSE:EPD) (Houston, Texas) said on Monday it would buy Warburg Pincus-owned Navitas Midstream (The Woodlands, Texas) for $3.25 billion in cash. Navitas owns a network of about 1,750 miles of natural gas pipelines in the Midland portion of the Permian Basin. (Reuters)
PRODUCTION
Chevron: Kazakhstan's Tengiz Oilfield Production Being Restored Gradually - Kazakhstan's largest oil venture Tengizchevroil is gradually increasing production to reach normal rates at the Tengiz field after protests limited output there in recent days, operator Chevron (NYSE:CVX) (San Ramon, California) said on Sunday. Production at Tengiz, Kazakhstan's largest oilfield, was curtailed in the past few days as some contractors disrupted train lines in support of protests taking place across the central Asian country. Kazakhstan is a major oil producer with output of about 1.6 million barrels per day in recent months. (Reuters)
McDermott Bags Contract for Australia's Scarborough Offshore Production Unit - McDermott International (Houston, Texas) has been awarded a contract by Woodside Petroleum (Perth, Australia) for the engineering, procurement, construction, installation and commissioning services for its floating production unit for natural gas production offshore Western Australia. The integrated scope also includes the design, fabrication, integration, transportation and installation of the hull and topsides. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the detailed report. (PR Newswire)
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.
