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Released April 30, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
EARNINGS REPORTS
Husky Energy Reports Net Loss - Canada's Husky Energy (TSX:HSE) reported a first-quarter 2020 net loss of C$1.7 billion ($1.2 billion), compared with a profit of C$328 million ($236.3 million) in the prior-year quarter. (Globe Newswire)
POWER
TC Energy Completes Sale of Ontario Power Plants - TC Energy Corporation (NYSE:TRP) reports that it has sold three Ontario natural gas-fired power plants for C$2.8 billion ($2.02 billion) to Ontario Power Generation. The facilities include the 683-megawatt (MW) Halton Hills power plant, the 900-MW Napanee generating station and TC Energy's 50% interest in the 550-MW Portlands Energy Centre. (Plants 1071775, 1068355, 1060092) (Globe Newswire)
CRUDE OIL
U.S. Crude Oil Stocks Build, Gasoline Declines - U.S. crude oil inventories rose by 9 million barrels in the week ending April 24 to 527.6 million barrels. Stocks of crude have increased for 14 consecutive weeks and are less than 2% from an all-time high of 535 million barrels, reached in March 2017. U.S. gasoline stocks fell by 3.7 million barrels from its record high in the week to 259.6 million barrels, the U.S. Energy Information Administration reported. (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.
EARNINGS REPORTS
Husky Energy Reports Net Loss - Canada's Husky Energy (TSX:HSE) reported a first-quarter 2020 net loss of C$1.7 billion ($1.2 billion), compared with a profit of C$328 million ($236.3 million) in the prior-year quarter. (Globe Newswire)
POWER
TC Energy Completes Sale of Ontario Power Plants - TC Energy Corporation (NYSE:TRP) reports that it has sold three Ontario natural gas-fired power plants for C$2.8 billion ($2.02 billion) to Ontario Power Generation. The facilities include the 683-megawatt (MW) Halton Hills power plant, the 900-MW Napanee generating station and TC Energy's 50% interest in the 550-MW Portlands Energy Centre. (Plants 1071775, 1068355, 1060092) (Globe Newswire)
CRUDE OIL
U.S. Crude Oil Stocks Build, Gasoline Declines - U.S. crude oil inventories rose by 9 million barrels in the week ending April 24 to 527.6 million barrels. Stocks of crude have increased for 14 consecutive weeks and are less than 2% from an all-time high of 535 million barrels, reached in March 2017. U.S. gasoline stocks fell by 3.7 million barrels from its record high in the week to 259.6 million barrels, the U.S. Energy Information Administration reported. (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.
