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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
NextDecade, Occidental Partner for CO2 Transportation, Storage - U.S. liquefied natural gas company NextDecade Corporation (NASDAQ:NEXT) and a subsidiary of Occidental (NYSE:OXY) said on Thursday the companies have signed a term sheet for carbon-dioxide transportation and storage in South Texas. Last week, NextDecade said it wants to develop a carbon capture and storage (CCS) project at its proposed Rio Grande liquefied natural gas export plant in Texas. Click here for a list of related projects.
U.S. Approves Cheniere's Corpus Christi Train 3 for Service - The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved Cheniere Energy Incorporated's (NYSE:LNG) request to put the third liquefaction train at the company's Corpus Christi liquefied natural gas (LNG) export plant in Texas into service. The train has already been operating for months in test mode. (Project 300057257)
CRUDE OIL
Oil Drops 4% - Oil prices fell 4% per barrel on Thursday, extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate. Brent crude fell $2.46, or 3.8%, to settle at $61.95 a barrel. U.S. West Texas Intermediate (WTI) crude fell $2.62, or 4.3%, to settle at $58.56 a barrel.
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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.
LNG
NextDecade, Occidental Partner for CO2 Transportation, Storage - U.S. liquefied natural gas company NextDecade Corporation (NASDAQ:NEXT) and a subsidiary of Occidental (NYSE:OXY) said on Thursday the companies have signed a term sheet for carbon-dioxide transportation and storage in South Texas. Last week, NextDecade said it wants to develop a carbon capture and storage (CCS) project at its proposed Rio Grande liquefied natural gas export plant in Texas. Click here for a list of related projects.
U.S. Approves Cheniere's Corpus Christi Train 3 for Service - The U.S. Federal Energy Regulatory Commission (FERC) on Thursday approved Cheniere Energy Incorporated's (NYSE:LNG) request to put the third liquefaction train at the company's Corpus Christi liquefied natural gas (LNG) export plant in Texas into service. The train has already been operating for months in test mode. (Project 300057257)
CRUDE OIL
Oil Drops 4% - Oil prices fell 4% per barrel on Thursday, extending a string of market weakness on renewed lockdowns in Europe and Asia to head off a rising coronavirus infection rate. Brent crude fell $2.46, or 3.8%, to settle at $61.95 a barrel. U.S. West Texas Intermediate (WTI) crude fell $2.62, or 4.3%, to settle at $58.56 a barrel.
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.