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Released November 11, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
CORPORATE
Equinor to Sell Eagle Ford Stake - Norway's Equinor (NYSE:EQNR) said it will sell its position in South Texas' Eagle Ford shale for $325 million to the Spanish oil and gas firm Repsol. The deal between the two companies allows Equinor to move out of the Eagle Ford by selling its 63% stake in its existing joint venture with Repsol. (Houston Chronicle)
PRODUCTION
U.S. Drillers Cut Oil Rigs for Third Week - The number of rigs drilling for oil in the U.S. declined by seven for the week ending November 8, bringing the total count down to 684, the lowest since April 2017. (Reuters)
EARNINGS REPORTS
Calpine Boosts Net Income - Power generator Calpine Corporation reported third-quarter 2019 net income of $485 million, compared with $272 million in the year-prior quarter. The company specifically pointed to higher generating margins in Texas during the quarter and the start of commercial operations at the York 2 Energy Center in Pennsylvania in March for the higher earnings. (Plant 1055940) (Business Wire)
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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.
CORPORATE
Equinor to Sell Eagle Ford Stake - Norway's Equinor (NYSE:EQNR) said it will sell its position in South Texas' Eagle Ford shale for $325 million to the Spanish oil and gas firm Repsol. The deal between the two companies allows Equinor to move out of the Eagle Ford by selling its 63% stake in its existing joint venture with Repsol. (Houston Chronicle)
PRODUCTION
U.S. Drillers Cut Oil Rigs for Third Week - The number of rigs drilling for oil in the U.S. declined by seven for the week ending November 8, bringing the total count down to 684, the lowest since April 2017. (Reuters)
EARNINGS REPORTS
Calpine Boosts Net Income - Power generator Calpine Corporation reported third-quarter 2019 net income of $485 million, compared with $272 million in the year-prior quarter. The company specifically pointed to higher generating margins in Texas during the quarter and the start of commercial operations at the York 2 Energy Center in Pennsylvania in March for the higher earnings. (Plant 1055940) (Business Wire)
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.
