Freeport LNG, Pemex, Imperial Oil: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

LNG
Freeport LNG Gets Approval to Restart More of Texas Plant - U.S. liquefied natural gas (LNG) company Freeport LNG (Houston, Texas) received approval from federal energy regulators on Friday to take more steps to return its export plant in Texas to full operation. In a filing, the U.S. Federal Energy Regulatory Commission (FERC) granted Freeport LNG's request to take some steps needed to start to return the plant's second dock (Dock 2) to service. FERC, however, said that additional authorization to restart operations "is necessary to reinstate service for Loop 2 LNG circulation to enable ship loading to Dock 2." In the first phase of its restart efforts, Freeport returned the three liquefaction trains, two LNG storage tanks (tanks 1 and 2) and a single LNG berth (Dock 1) to service. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Plant Database can click here for the plant profile. (Reuters)

CORPORATE
Mexico's Pemex Gets Billions More in Government Support - Mexican state energy company Pemex (Mexico City) said on Friday it had received billions of dollars from the government to help strengthen its financial position and pay back mounting debt as well as pay for a new refinery. In October, Pemex received 55.9 billion pesos (US$3.2 billion) from the government to strengthen its financial position, accounts show. Separately, Pemex received 71.7 billion pesos (US$4 billion) over the quarter for debt amortizations. (Reuters)

EARNINGS REPORTS
Imperial Oil's Third-Quarter Profit Falls - Imperial Oil (Calgary, Alberta) posted a drop in its third-quarter profit on Friday due to lower commodity prices and refining margins. Imperial reported net income of C$1.60 billion (US$1.16 billion) for the quarter ended September 30, down from C$2.03 billion (US$1.46 billion) a year earlier. Imperial's production averaged 423,000 barrels of oil equivalent per day (boepd), down from 430,000 boepd a year earlier. (Reuters)