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Golden Pass LNG, Occidental Petroleum: Your Daily Energy News

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released Thursday, June 04, 2020

Golden Pass LNG, Occidental Petroleum:  Your Daily Energy News

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

LNG
Golden Pass Seeks to Boost Capacity of Texas LNG Plant
- Golden Pass LNG sought permission from U.S. federal energy regulators to boost the capacity of the company's $10 billion export terminal under construction in Texas to 18.1 million tonnes per annum (MTPA) from 15.6 MTPA. The company said it would achieve the addition by "production efficiencies." (Reuters)

PRODUCTION
Occidental, Equinor Remove Non-Essential Workers from Gulf of Mexico
- Occidental Petroleum Corporation (NYSE:OXY) and Norwegian state-oil company Equinor ASA (NYSE:EQNR) are removing non-essential workers from some Gulf of Mexico facilities ahead of Tropical Storm Cristobal, the companies said on Wednesday. Gulf of Mexico operations are continuing uninterrupted, the companies said. Equinor will shut-in production at its Titan oil platform and remove remaining workers on Friday if the storm continues along its projected path. (Reuters)

CRUDE OIL
U.S. Crude Stocks Decline
- U.S. crude oil inventories fell by 2.1 million barrels for the week ending May 29 to 532.3 million barrels. Distillate stockpiles, which include diesel and heating oil, rose by 9.9 million barrels to 174.3 million barrels. U.S. gasoline stocks rose by 2.8 million barrels. (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 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.
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