Released December 23, 2019 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Magellan Midstream Extends Open Season for West Texas Refined Products Pipeline - Magellan Midstream Partners L.P. (NYSE:MMP) announced an extension of the supplemental open season to solicit additional commitments for transportation volume on the western leg of its refined petroleum products pipeline system in Texas to January 3. Magellan is in the process of expanding the capacity of its West Texas refined products pipeline system to approximately 175,000 barrels per day (BBL/d) from its current capacity of 100,000 BBL/d.
CORPORATE
Shell to Write Down Up to $2.3 Billion - Royal Dutch Shell (NYSE:RDS-A) said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook.
PRODUCTION
U.S. Drillers Add Oil Rigs - The number of rigs drilling for oil in the U.S. increased by 18 for the week ending December 20, bringing the total count to 685 and marking the most rigs added in a week since February 2018.
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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.
PIPELINES
Magellan Midstream Extends Open Season for West Texas Refined Products Pipeline - Magellan Midstream Partners L.P. (NYSE:MMP) announced an extension of the supplemental open season to solicit additional commitments for transportation volume on the western leg of its refined petroleum products pipeline system in Texas to January 3. Magellan is in the process of expanding the capacity of its West Texas refined products pipeline system to approximately 175,000 barrels per day (BBL/d) from its current capacity of 100,000 BBL/d.
CORPORATE
Shell to Write Down Up to $2.3 Billion - Royal Dutch Shell (NYSE:RDS-A) said on Friday it expected to write down up to $2.3 billion in the fourth quarter, the latest major energy company forced to shrink estimates for sector values due to a weaker economic outlook.
PRODUCTION
U.S. Drillers Add Oil Rigs - The number of rigs drilling for oil in the U.S. increased by 18 for the week ending December 20, bringing the total count to 685 and marking the most rigs added in a week since February 2018.
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.
