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Released July 30, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy
POWER
Georgia Power Revises Vogtle 3 & 4 Schedule, Cost Estimate - Georgia Power, a unit of Southern Company (NYSE:SO) (Atlanta, Georgia), has once again revised the in-service dates and cost estimate for units 3 and 4 of the Vogtle nuclear power plant in Waynesboro, Georgia. The company currently projects a Unit 3 in-service date in the second quarter of 2022 and a Unit 4 in-service date in the first quarter of 2023, representing a three-to-four-month shift for each unit. Georgia Power also revised the total project capital cost forecast to reflect this updated schedule, resulting in a $460 million increase to the company. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Database can click here for the detailed project report. (PR Newswire)
EARNINGS REPORTS
Cenovus Raises 2021 Production Estimates, Shows Rise in Profits - Oil and gas producer Cenovus Energy Incorporated (NYSE:CVE) (Calgary, Alberta) raised its full-year production forecast and posted a near 2% rise in profit in the second quarter, as crude prices returned to pre-pandemic levels. The company raised its production forecast range for the full year by about 2% to between 750,000 barels of oil equivalent per day (boe/d) and 790,000 boe/d. The company's net earnings rose to C$224 million (US$179.67 million) in the second quarter ended June 30, from C$220 million (US$176.78 million) in the first quarter. (Reuters)
LNG
Tellurian Finalizes LNG Sales Agreements With Shell from Driftwood Plant - U.S. liquefied natural gas (LNG) developer Tellurian Incorporated (NASDAQ:TELL) (Houston, Texas) said on Thursday it finalized agreements to sell LNG from its proposed Driftwood export plant in Louisiana to a unit of oil major Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands) . The agreements are for 3 million tons per annum for 10 years. (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.
POWER
Georgia Power Revises Vogtle 3 & 4 Schedule, Cost Estimate - Georgia Power, a unit of Southern Company (NYSE:SO) (Atlanta, Georgia), has once again revised the in-service dates and cost estimate for units 3 and 4 of the Vogtle nuclear power plant in Waynesboro, Georgia. The company currently projects a Unit 3 in-service date in the second quarter of 2022 and a Unit 4 in-service date in the first quarter of 2023, representing a three-to-four-month shift for each unit. Georgia Power also revised the total project capital cost forecast to reflect this updated schedule, resulting in a $460 million increase to the company. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Database can click here for the detailed project report. (PR Newswire)
EARNINGS REPORTS
Cenovus Raises 2021 Production Estimates, Shows Rise in Profits - Oil and gas producer Cenovus Energy Incorporated (NYSE:CVE) (Calgary, Alberta) raised its full-year production forecast and posted a near 2% rise in profit in the second quarter, as crude prices returned to pre-pandemic levels. The company raised its production forecast range for the full year by about 2% to between 750,000 barels of oil equivalent per day (boe/d) and 790,000 boe/d. The company's net earnings rose to C$224 million (US$179.67 million) in the second quarter ended June 30, from C$220 million (US$176.78 million) in the first quarter. (Reuters)
LNG
Tellurian Finalizes LNG Sales Agreements With Shell from Driftwood Plant - U.S. liquefied natural gas (LNG) developer Tellurian Incorporated (NASDAQ:TELL) (Houston, Texas) said on Thursday it finalized agreements to sell LNG from its proposed Driftwood export plant in Louisiana to a unit of oil major Royal Dutch Shell plc (NYSE:RDS-A) (The Hague, Netherlands) . The agreements are for 3 million tons per annum for 10 years. (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.
