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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
EIA: U.S. Crude Production to Rise Less Than Expected in 2019 - U.S. crude oil production will rise 1.36 million barrels per day (BBL/d) to 12.32 million BBL/d in 2019, 140,000 BBL/d less than previously forecast, according to a monthly report from the U.S. Energy Information Administration (EIA). (Reuters)
LNG
Venture Global Signs LNG Sales Agreement with PGNiG - Venture Global LNG has signed an agreement with Polish Oil and Gas Company (PGNiG) to sell an additional 1.5 million tonnes per year of liquefied natural gas (LNG) from its planned Plaquemines production and export facility in Louisiana. (Project 300229540) (PR Newswire)
PIPELINES
Plains All American to Begin Partial Service on Cactus II Pipeline in Third Quarter - Plains All American Pipeline LP's (NYSE:PAA) Cactus II crude oil pipeline will begin partial service late in the third quarter of 2019, the company's Chief Operating Officer Chris Chandler said on Tuesday. The company has completed about 90% of the construction of the 670,000-barrel-per-day Cactus II pipeline, which runs from the Permian Basin to the Corpus Christi, Texas, area, Chandler said. (Projects 300427348, 300427348) (Reuters)
CRUDE OIL
U.S. Crude Inventories Rise - The EIA reports that U.S. crude oil inventories rose 2.2 million barrels in the week ending June 7, to 485.5 million barrels, the highest since July 2017. (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, 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.
PRODUCTION
EIA: U.S. Crude Production to Rise Less Than Expected in 2019 - U.S. crude oil production will rise 1.36 million barrels per day (BBL/d) to 12.32 million BBL/d in 2019, 140,000 BBL/d less than previously forecast, according to a monthly report from the U.S. Energy Information Administration (EIA). (Reuters)
LNG
Venture Global Signs LNG Sales Agreement with PGNiG - Venture Global LNG has signed an agreement with Polish Oil and Gas Company (PGNiG) to sell an additional 1.5 million tonnes per year of liquefied natural gas (LNG) from its planned Plaquemines production and export facility in Louisiana. (Project 300229540) (PR Newswire)
PIPELINES
Plains All American to Begin Partial Service on Cactus II Pipeline in Third Quarter - Plains All American Pipeline LP's (NYSE:PAA) Cactus II crude oil pipeline will begin partial service late in the third quarter of 2019, the company's Chief Operating Officer Chris Chandler said on Tuesday. The company has completed about 90% of the construction of the 670,000-barrel-per-day Cactus II pipeline, which runs from the Permian Basin to the Corpus Christi, Texas, area, Chandler said. (Projects 300427348, 300427348) (Reuters)
CRUDE OIL
U.S. Crude Inventories Rise - The EIA reports that U.S. crude oil inventories rose 2.2 million barrels in the week ending June 7, to 485.5 million barrels, the highest since July 2017. (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, 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.
