Global Energy News Briefs for the First Week of June

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Global Energy News Briefs for the First Week of June News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) over the past week.

TOP NEWS
Enterprise to Buy Eagle Ford Assets for $2.15 Billion - Enterprise Products Partners (NYSE:EPD) (Houston, Texas) has agreed to purchase 460 miles of natural gas pipelines, 780 million cubic feet per day of gas processing capacity and other assets in the Eagle Ford Shale from EFS Midstream (Irving, Texas), a joint venture of Pioneer Natural Resources (NYSE:PXD) (Irving) and India's Reliance Industries Limited (Mumbai).

Europe's 'Big Six' Push Gas Ahead of U.N. Climate Talks - Europe's leading oil and gas companies have banded together to promote the "vital" role that gas can play in the fight against climate change. In a joint letter to the news media, they are calling on world leaders to take a measured approach to determining a pricing mechanism for carbon emissions at the United Nations (U.N.) climate summit in Paris, in December and touting the benefits of natural gas. The letter from the so-called "Big Six" is signed by the chief executives from BG Group plc (LSE:BG) (London, England), BP plc (NYSE:BP) (London, England), Eni SpA (Rome, Italy), Royal Dutch Shell (NYSE:RDS.A) (The Hague, Netherlands), Statoil ASA (NYSE:STO) (Stavangar, Norway) and Total S.A. (NYSE:TOT) (Paris, France).

EPA: No 'Widespread' Damage to Drinking Water from Fracking - The U.S. Environmental Protection Agency has released a report saying that while the hydraulic fracturing process has infrequently corrupted localized water supplies, there has been no "widespread systemic impacts on drinking water." The draft assessment is the result of a five-year study.

LNG
Australia's Woodside Muscles in on Global LNG Market - On Wednesday, June 3, Australia's Woodside Petroleum Limited (Perth, Australia) announced a potential joint venture project with Sempra Energy (NYSE:SE) (San Diego, California) to construct a liquefied natural gas (LNG) production and export terminal in Port Arthur, Texas. Woodside CEO Peter Coleman says that the company intends to move its LNG strategy forward with a "focus on Asia customers, but sourcing LNG globally."

OIL & GAS PRODUCTION
Production from Chevron's Big Foot Platform Delayed - Chevron Corporation (NYSE:CVX) (San Ramon, California) says that production from its Big Foot platform in the Gulf of Mexico, which was originally scheduled to begin in November 2014, will be delayed yet again, as nine tendons that secure the platform to the ocean floor have sunk recently. The project is expected to produce 75,000 barrels of oil and 25 million cubic feet of natural gas when it comes online.

PIPELINES
Natural Gas Pipeline Ruptures in Arkansas - An auxiliary natural gas pipeline near Little Rock, Arkansas, belonging to Spectra Energy, ruptured on May 31, releasing approximately 4 million cubic feet of natural gas. At the time of the incident the line was pressurized, but sealed at both ends with no gas flowing through it.

POWER
North America to Spend Almost $37 Billion on Natural Gas-Fired Power Projects from 2017 to 2020 - Industrial Info is tracking 97 capital projects for natural gas-fired power facilities that are scheduled to begin construction in North America between April 2017 and January 2020. These projects have a total investment value of $36.72 billion and include 81 projects in the U.S. valued at $27.16 billion, 11 projects in Mexico valued at $8.07 billion, and five projects in Canada valued at $1.48 billion.

Japan Committee Aims for 20-22% Nuclear Power in the Country - A Japanese committee is standing by a controversial government plan to generate 20-22% of the country's power from nuclear power by 2030. The country has been the world's largest consumer of LNG since the country's nuclear reactors were closed following the Fukushima Daiichi incident in March 2011.

Construction Begins on Blythe Solar Power Project in California - One of the world's largest solar photovoltaic power projects recently began construction in California. The 485-megawatt (MW) Blythe solar project, owned by NextEra Energy Resources (Juno Beach, Florida), a subsidiary of NextEra Energy (NYSE:NEE) (Juno Beach), will take more than three years to complete.

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