Sempra Energy, Occidental Petroleum: Your Daily Energy News

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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

LNG
Sempra Confirms Decision on Mexico LNG Plant, May Delay Decision on Texas Plant - Sempra Energy (NYSE:SRE) said on Tuesday it will go forward this year with plans to sanction a liquefied natural gas (LNG) export plant in Mexico, but may push back a decision on a separate Texas plant. A final investment decision will come in the second quarter for its Costa Azul LNG plant, a one-quarter delay to its earlier schedule. However, Sempra will no longer commit to a third-quarter decision on its Port Arthur LNG project, officials said in a conference call. (Projects 300211654, 300211923, 300350853)

FINANCIAL
Occidental Further Reduces Capital Spending - Occidental Petroleum Corporation (NYSE:OXY) announced a further reduction in 2020 capital spending to between $2.7 billion and $2.9 billion from its original 2020 guidance of $5.2 billion to $5.4 billion, a midpoint reduction of 47%. (PR Newswire)

CRUDE OIL
U.S. Crude Oil Supplies Rise - U.S. crude oil inventories rose by 1.6 million barrels in the week ended March 20 to 455.4 million barrels. U.S. gasoline stocks fell by 1.5 million barrels last week to 239.3 million barrels. Distillate stockpiles, which include diesel and heating oil, fell by 679,000 barrels in the week, to 124.4 million barrels. (Reuters)

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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.