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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Hess Announces 2020 Capital, Exploratory Budget - Hess Corporation (NYSE:HES) announced a 2020 exploration and production budget of $3 billion. The company's net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. (Business Wire)
Canada Could Delay Decision on Oil Sands Project - Canada has the power to delay a decision on whether to approve a new Teck Resources (NYSE:TECK) oil sands project, a key cabinet minister said on Tuesday. The government must decide by end-February if Teck can build the C$20.6 billion ($15.7 billion) Frontier mine in northern Alberta, capable of eventually producing 260,000 barrels of crude oil per day. (Project 56001590) (Reuters)
LNG
Nigeria Liquefied Natural Gas Signs 10-Year Supply Deal with Eni - Nigeria Liquefied Natural Gas (NLNG) has signed a deal with Italian energy major Eni (NYSE:E) for the supply of 1.5 million tonnes of LNG per year, the African producer said in a statement. The volumes will be supplied for 10 years from trains 1, 2 and 3 of a six-train NLNG production facility on Bonny Island. (Plant 3100597) (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.
PRODUCTION
Hess Announces 2020 Capital, Exploratory Budget - Hess Corporation (NYSE:HES) announced a 2020 exploration and production budget of $3 billion. The company's net production is forecast to average between 330,000 and 335,000 barrels of oil equivalent per day in 2020, excluding Libya. (Business Wire)
Canada Could Delay Decision on Oil Sands Project - Canada has the power to delay a decision on whether to approve a new Teck Resources (NYSE:TECK) oil sands project, a key cabinet minister said on Tuesday. The government must decide by end-February if Teck can build the C$20.6 billion ($15.7 billion) Frontier mine in northern Alberta, capable of eventually producing 260,000 barrels of crude oil per day. (Project 56001590) (Reuters)
LNG
Nigeria Liquefied Natural Gas Signs 10-Year Supply Deal with Eni - Nigeria Liquefied Natural Gas (NLNG) has signed a deal with Italian energy major Eni (NYSE:E) for the supply of 1.5 million tonnes of LNG per year, the African producer said in a statement. The volumes will be supplied for 10 years from trains 1, 2 and 3 of a six-train NLNG production facility on Bonny Island. (Plant 3100597) (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 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.
