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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
FINANCIAL
Southern Company Completes Gulf Power Sale to NextEra Energy - Southern Company (NYSE:SO) completed the previously announced sale of Gulf Power Company to NextEra Energy (NYSE:NEE). The sale includes interests in Plant Oleander and Plant Stanton in Florida. (Plants 1037299, 1512603) (Business Wire)
PIPELINES
Capline Pipeline to Launch Open Season - The owners of the Capline pipeline system will conduct a binding open season in January 2019 for a reversed Capline system, which would transport crude oil from origination points near Patoka, Illinois, and Collierville, Tennessee, to the U.S. Gulf Coast. Owners include Marathon Petroleum Corporation (NYSE:MPC) (Business Wire)
PRODUCTION
Canada's Rig Count Halves in Two Weeks - While the U.S. continues to add oil and natural gas drilling rigs despite the recent swoon in crude prices, Canada's count in the past two weeks has dropped from 174 to just 70, the lowest since June 2016. Twelve years ago, it had as many as 727 rigs drilling for oil or natural gas. (Bloomberg)
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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.
FINANCIAL
Southern Company Completes Gulf Power Sale to NextEra Energy - Southern Company (NYSE:SO) completed the previously announced sale of Gulf Power Company to NextEra Energy (NYSE:NEE). The sale includes interests in Plant Oleander and Plant Stanton in Florida. (Plants 1037299, 1512603) (Business Wire)
PIPELINES
Capline Pipeline to Launch Open Season - The owners of the Capline pipeline system will conduct a binding open season in January 2019 for a reversed Capline system, which would transport crude oil from origination points near Patoka, Illinois, and Collierville, Tennessee, to the U.S. Gulf Coast. Owners include Marathon Petroleum Corporation (NYSE:MPC) (Business Wire)
PRODUCTION
Canada's Rig Count Halves in Two Weeks - While the U.S. continues to add oil and natural gas drilling rigs despite the recent swoon in crude prices, Canada's count in the past two weeks has dropped from 174 to just 70, the lowest since June 2016. Twelve years ago, it had as many as 727 rigs drilling for oil or natural gas. (Bloomberg)
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.
