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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
U.S. Regulators Partially Approve Cactus II Pipeline Proposed Rate Structure - U.S. energy regulators on Monday partially approved the rate structure and terms of service for Plains All American Pipeline LP's (NYSE:PAA) Cactus II crude and condensate line from the Permian basin to the Corpus Christi, Texas, area. While regulators approved most conditions put forth by Plains, they declined to approve a request for the option to hold another open season to solicit shipper commitments for up to 90% of the pipeline's capacity on the expiration or early termination of service agreements. The Cactus II line is expected to begin service in the third quarter. (Projects 300427347, 300427348) (Reuters)
POWER
Southern Company Announces Completion of Minnesota Power Project - Southern Company (NYSE:SO) announced that it has completed the addition of a second combined-cycle unit at its power station in Mankato, Minnesota, which is now capable of generating 760 megawatts. (Project 30001038) (PR Newswire)
PRODUCTION
Research Firm: Permian Gas Flaring Hits Record Highs - Burned off or vented natural gas in the Permian Basin is projected at a new high of 661 million cubic feet per day in June, way up from previous record highs of about 450 million cubic feet a day late last year, the Norwegian research firm Rystad Energy said Tuesday. (Houston Chronicle)
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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, eight 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
U.S. Regulators Partially Approve Cactus II Pipeline Proposed Rate Structure - U.S. energy regulators on Monday partially approved the rate structure and terms of service for Plains All American Pipeline LP's (NYSE:PAA) Cactus II crude and condensate line from the Permian basin to the Corpus Christi, Texas, area. While regulators approved most conditions put forth by Plains, they declined to approve a request for the option to hold another open season to solicit shipper commitments for up to 90% of the pipeline's capacity on the expiration or early termination of service agreements. The Cactus II line is expected to begin service in the third quarter. (Projects 300427347, 300427348) (Reuters)
POWER
Southern Company Announces Completion of Minnesota Power Project - Southern Company (NYSE:SO) announced that it has completed the addition of a second combined-cycle unit at its power station in Mankato, Minnesota, which is now capable of generating 760 megawatts. (Project 30001038) (PR Newswire)
PRODUCTION
Research Firm: Permian Gas Flaring Hits Record Highs - Burned off or vented natural gas in the Permian Basin is projected at a new high of 661 million cubic feet per day in June, way up from previous record highs of about 450 million cubic feet a day late last year, the Norwegian research firm Rystad Energy said Tuesday. (Houston Chronicle)
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, eight 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.
