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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
Total Increases Investment in Driftwood LNG Project - Oil and gas major Total SA (NYSE:TOT) and Tellurian Incorporated (NASDAQ:TELL) have signed several deals to develop the Driftwood liquefied natural gas (LNG) project in Louisiana, they said on Wednesday. They have signed a non-binding heads of agreement where Total will invest in Driftwood Holdings and offtake 2.5 million metric tons per year of LNG. (Project 300292225) (Reuters)
Chevron, Woodside Apply to Double Size of Canadian LNG Project - Chevron (NYSE:CVX) and Woodside Energy have applied for a new license for their Kitimat LNG plant in northern British Columbia that could see it nearly double in size to produce 18 million tonnes per annum, Chevron said on Wednesday. (Projects 57000945, 300030748) (Reuters)
NATURAL GAS
Texas Natural Gas Prices Plunge to Record Negative Levels - Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to record negative levels as a result of pipeline constraints stranding gas in the Permian Basin. Spot prices at the Waha hub fell to minus $3.38 per million British thermal units for Wednesday from minus 2 cents for Tuesday, according to data from the Intercontinental Exchange. That easily beat the prior all-time next-day low of minus $1.99 for March 29. (Reuters)
CRUDE OIL
U.S. Crude Inventories Increase - Crude stocks in the United States rose 7.2 million barrels last week, as net imports climbed, production edged higher to a new record and refining rates slowed, the Energy Information Administration said. (Reuters)
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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
Total Increases Investment in Driftwood LNG Project - Oil and gas major Total SA (NYSE:TOT) and Tellurian Incorporated (NASDAQ:TELL) have signed several deals to develop the Driftwood liquefied natural gas (LNG) project in Louisiana, they said on Wednesday. They have signed a non-binding heads of agreement where Total will invest in Driftwood Holdings and offtake 2.5 million metric tons per year of LNG. (Project 300292225) (Reuters)
Chevron, Woodside Apply to Double Size of Canadian LNG Project - Chevron (NYSE:CVX) and Woodside Energy have applied for a new license for their Kitimat LNG plant in northern British Columbia that could see it nearly double in size to produce 18 million tonnes per annum, Chevron said on Wednesday. (Projects 57000945, 300030748) (Reuters)
NATURAL GAS
Texas Natural Gas Prices Plunge to Record Negative Levels - Next-day natural gas prices for Wednesday at the Waha hub in West Texas plunged to record negative levels as a result of pipeline constraints stranding gas in the Permian Basin. Spot prices at the Waha hub fell to minus $3.38 per million British thermal units for Wednesday from minus 2 cents for Tuesday, according to data from the Intercontinental Exchange. That easily beat the prior all-time next-day low of minus $1.99 for March 29. (Reuters)
CRUDE OIL
U.S. Crude Inventories Increase - Crude stocks in the United States rose 7.2 million barrels last week, as net imports climbed, production edged higher to a new record and refining rates slowed, the Energy Information Administration said. (Reuters)
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.
