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Released March 20, 2024 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PIPELINES
Alberta Premier: Trans Mountain Expansion to Be Complete by End of May - Line fill of Canada's Trans Mountain crude oil pipeline expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later, Alberta Premier Danielle Smith said on Tuesday in an interview. Her comments on the sidelines of the CERAWeek energy conference in Houston, Texas, are in line with March 1 statements by oil producer MEG Energy (Calgary, Alberta) that Trans Mountain has called for 2.1 million barrels in April and the same amount of oil in May. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
PRODUCTION
China's CNOOC Discovers 100 Million-Ton Oilfield - China's CNOOC Limited (Beijing) has made a major oilfield discovery in the Bohai Sea, adding more than 100 million tons of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday. (Reuters)
CORPORATE
Pembina Gets Regulatory Approval to Buy Enbridge Interest in Joint Ventures - Pembina Pipeline Corporation (NYSE:PBA) (Calgary) said on Tuesday the Canadian Competition Bureau has approved its proposed C$3.1 billion (US$2.28 billion) acquisition of Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) interests in the Alliance, Aux Sable, and NRGreen joint ventures. Alliance delivers liquids-rich natural gas sourced in northeast British Columbia, northwest Alberta and the Bakken region to Chicago. Aux Sable operates natural gas liquids (NGL) extraction and fractionation facilities in both Canada and the U.S., with extraction rights on Alliance, offering connectivity to key U.S. NGL hubs. The deal is expected to close on April 1, Pembina 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 commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
PIPELINES
Alberta Premier: Trans Mountain Expansion to Be Complete by End of May - Line fill of Canada's Trans Mountain crude oil pipeline expansion will be complete by the end of May, with the first waterborne exports from the expanded system starting a month later, Alberta Premier Danielle Smith said on Tuesday in an interview. Her comments on the sidelines of the CERAWeek energy conference in Houston, Texas, are in line with March 1 statements by oil producer MEG Energy (Calgary, Alberta) that Trans Mountain has called for 2.1 million barrels in April and the same amount of oil in May. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for related reports. (Reuters)
PRODUCTION
China's CNOOC Discovers 100 Million-Ton Oilfield - China's CNOOC Limited (Beijing) has made a major oilfield discovery in the Bohai Sea, adding more than 100 million tons of oil equivalent proved in-place volume, the state-owned oil and gas giant said on Monday. (Reuters)
CORPORATE
Pembina Gets Regulatory Approval to Buy Enbridge Interest in Joint Ventures - Pembina Pipeline Corporation (NYSE:PBA) (Calgary) said on Tuesday the Canadian Competition Bureau has approved its proposed C$3.1 billion (US$2.28 billion) acquisition of Enbridge Incorporated's (NYSE:ENB) (Calgary, Alberta) interests in the Alliance, Aux Sable, and NRGreen joint ventures. Alliance delivers liquids-rich natural gas sourced in northeast British Columbia, northwest Alberta and the Bakken region to Chicago. Aux Sable operates natural gas liquids (NGL) extraction and fractionation facilities in both Canada and the U.S., with extraction rights on Alliance, offering connectivity to key U.S. NGL hubs. The deal is expected to close on April 1, Pembina 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 commodity-trading community. We are the number one source for information about power plant outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).
