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Released June 21, 2018 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
FERC Gives Approval for Parts of EQT's Mountain Valley Natural Gas Pipeline - The U.S. Federal Energy Regulatory Commission (FERC) approved EQT Midstream Partners LP's (NYSE:EQM) request to proceed with construction along various segments of its $3.5 billion Mountain Valley natural gas pipeline from West Virginia to Virginia. (Projects 300393622, 300183147) (Reuters)
POWER
Louisiana Public Service Commission Approves Wind Catcher Wind Energy Project - American Electric Power (NYSE:AEP) (AEP) announced that the Louisiana Public Service Commission has approved the proposed Wind Catcher Energy Connection project. Wind Catcher Energy Connection is a major windfarm and a dedicated power line that will bring low-cost, clean, reliable energy to AEP customers in Louisiana, Arkansas, Texas and Oklahoma. The $4.5 billion project includes the acquisition of a 2,000-megawatt windfarm in the Oklahoma Panhandle, and construction of an approximately 350-mile dedicated power line. (Projects 300374260, 300375461, 300375747, 300376067)
REFINING
Fluor Achieves Substantial Engineering Completion on Marathon Petroleum Refining Project - Fluor Corporation (NYSE:FLR) announced today that it has achieved substantial engineering completion for Marathon Petroleum Corporation's (NYSE:MPC) Tier 3 gasoline sulfur standard reconfiguration project at the Galveston Bay refinery in Texas City, Texas. (Project 300147304, 300344982) (Business Wire)
FINANCIAL
Shell Sells $1.3 Billion of Assets in Norway, Malaysia - Royal Dutch Shell (NYSE:RDS-A) announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for more than $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end. (Reuters)
CRUDE OIL
U.S. Crude Inventories Down - U.S. crude inventories fell by nearly 6 million barrels in the week ending June 15 after dropping by more than 4 million barrels in the previous week. Gasoline inventories increased by 3.3 million barrels. (Fuel Fix)
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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 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.
PIPELINES
FERC Gives Approval for Parts of EQT's Mountain Valley Natural Gas Pipeline - The U.S. Federal Energy Regulatory Commission (FERC) approved EQT Midstream Partners LP's (NYSE:EQM) request to proceed with construction along various segments of its $3.5 billion Mountain Valley natural gas pipeline from West Virginia to Virginia. (Projects 300393622, 300183147) (Reuters)
POWER
Louisiana Public Service Commission Approves Wind Catcher Wind Energy Project - American Electric Power (NYSE:AEP) (AEP) announced that the Louisiana Public Service Commission has approved the proposed Wind Catcher Energy Connection project. Wind Catcher Energy Connection is a major windfarm and a dedicated power line that will bring low-cost, clean, reliable energy to AEP customers in Louisiana, Arkansas, Texas and Oklahoma. The $4.5 billion project includes the acquisition of a 2,000-megawatt windfarm in the Oklahoma Panhandle, and construction of an approximately 350-mile dedicated power line. (Projects 300374260, 300375461, 300375747, 300376067)
REFINING
Fluor Achieves Substantial Engineering Completion on Marathon Petroleum Refining Project - Fluor Corporation (NYSE:FLR) announced today that it has achieved substantial engineering completion for Marathon Petroleum Corporation's (NYSE:MPC) Tier 3 gasoline sulfur standard reconfiguration project at the Galveston Bay refinery in Texas City, Texas. (Project 300147304, 300344982) (Business Wire)
FINANCIAL
Shell Sells $1.3 Billion of Assets in Norway, Malaysia - Royal Dutch Shell (NYSE:RDS-A) announced the sale on Wednesday of oil and gas assets in Norway and Malaysia for more than $1.3 billion, bringing it closer to a target of $30 billion in disposals by year-end. (Reuters)
CRUDE OIL
U.S. Crude Inventories Down - U.S. crude inventories fell by nearly 6 million barrels in the week ending June 15 after dropping by more than 4 million barrels in the previous week. Gasoline inventories increased by 3.3 million barrels. (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.
