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Released June 03, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
PRODUCTION
ExxonMobil, Equinor to Develop Brazilian Oilfield - Equinor (NYSE:EQNR) (Stavanger, Norway), Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) and Petrogal Brasil (Rio de Janeiro, Brazil) said on Tuesday they would proceed with an $8 billion development of Brazil's Bacalhau oil discovery. First oil from the field, which will be operated by Norway's Equinor, is expected in 2024, with output set to reach 220,000 barrels per day, the companies said in a joint statement. (Reuters)
PIPELINES
FERC Approves Enable Midstream Louisiana Natural Gas Pipeline - The U.S. Federal Energy Regulatory Commission (FERC) approved U.S. energy company Enable Midstream Partners LP's (NYSE:ENBL) request to build the Gulf Run natural gas pipeline in Louisiana, according to a filing made available on Wednesday. The Gulf Run project includes about 134 miles of new pipe and other facilities that will provide about 1.7 billion cubic feet per day of transportation service from Enable's existing Westdale compressor in Red River Parish, Louisiana, to an interconnect with the Golden Pass Pipeline near Starks, Louisiana. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Database, click here to view the project report. (Reuters)
CORPORATE
Gas Producer Southwestern Energy Acquires Indigo Natural Resources in $2.7 Billion Deal - U.S. gas producer Southwestern Energy Company (NYSE:SWN) (Houston, Texas) on Wednesday agreed to buy privately held Indigo Natural Resources LLC (Houston) for about $2.7 billion, bulking up its operations to take advantage of rising gas prices. Southwestern, the third-largest U.S. gas producer spread across Pennsylvania, West Virginia and Ohio, adds Indigo's net production of 1 billion cubic feet of gas per day from the Haynesville basin, diversifying its asset base. (Reuters)
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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.
PRODUCTION
ExxonMobil, Equinor to Develop Brazilian Oilfield - Equinor (NYSE:EQNR) (Stavanger, Norway), Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) and Petrogal Brasil (Rio de Janeiro, Brazil) said on Tuesday they would proceed with an $8 billion development of Brazil's Bacalhau oil discovery. First oil from the field, which will be operated by Norway's Equinor, is expected in 2024, with output set to reach 220,000 barrels per day, the companies said in a joint statement. (Reuters)
PIPELINES
FERC Approves Enable Midstream Louisiana Natural Gas Pipeline - The U.S. Federal Energy Regulatory Commission (FERC) approved U.S. energy company Enable Midstream Partners LP's (NYSE:ENBL) request to build the Gulf Run natural gas pipeline in Louisiana, according to a filing made available on Wednesday. The Gulf Run project includes about 134 miles of new pipe and other facilities that will provide about 1.7 billion cubic feet per day of transportation service from Enable's existing Westdale compressor in Red River Parish, Louisiana, to an interconnect with the Golden Pass Pipeline near Starks, Louisiana. If you subscribe to Industrial Info's Global Market Intelligence (GMI) Database, click here to view the project report. (Reuters)
CORPORATE
Gas Producer Southwestern Energy Acquires Indigo Natural Resources in $2.7 Billion Deal - U.S. gas producer Southwestern Energy Company (NYSE:SWN) (Houston, Texas) on Wednesday agreed to buy privately held Indigo Natural Resources LLC (Houston) for about $2.7 billion, bulking up its operations to take advantage of rising gas prices. Southwestern, the third-largest U.S. gas producer spread across Pennsylvania, West Virginia and Ohio, adds Indigo's net production of 1 billion cubic feet of gas per day from the Haynesville basin, diversifying its asset base. (Reuters)
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.
