Released August 21, 2019 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
Freeport LNG Facility Produces First Liquid - The Freeport liquefied natural gas (LNG) facility on Quintana Island in Texas has produced its first LNG. The first cargo is expected later this month. (Project 300023058) (PR Newswire)
POWER
Vistra Energy to Acquire Texas Retail Power Provider - Vistra Energy (NYSE:VST) announced it has entered into an agreement to acquire Ambit Energy for $475 million in an all-cash transaction. Following the closing of the transaction, Vistra's share of the ERCOT residential market will grow from approximately 25% to approximately 32%. (PR Newswire)
PIPELINES
Shale Producers Challenge Steel Tariff Surcharge on Pipeline - Two U.S. shale producers have challenged Plains All American Pipeline's (NYSE:PAA) proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs. ConocoPhillips (NYSE:COP) and a unit of Canadian producer Encana Corporation (TSX:ECA) on Monday asked the Federal Energy Regulatory Commission to reject Plains' proposed tariff surcharge on its Cactus II oil pipeline, according to a regulatory filing. Plains this month proposed charging shippers a 5-cents-per-barrel fee on its 670,000-barrel-per-day Cactus II pipeline next April to offset higher construction costs due to the steel tariffs. (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.
LNG
Freeport LNG Facility Produces First Liquid - The Freeport liquefied natural gas (LNG) facility on Quintana Island in Texas has produced its first LNG. The first cargo is expected later this month. (Project 300023058) (PR Newswire)
POWER
Vistra Energy to Acquire Texas Retail Power Provider - Vistra Energy (NYSE:VST) announced it has entered into an agreement to acquire Ambit Energy for $475 million in an all-cash transaction. Following the closing of the transaction, Vistra's share of the ERCOT residential market will grow from approximately 25% to approximately 32%. (PR Newswire)
PIPELINES
Shale Producers Challenge Steel Tariff Surcharge on Pipeline - Two U.S. shale producers have challenged Plains All American Pipeline's (NYSE:PAA) proposed surcharge for the Trump administration's 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs. ConocoPhillips (NYSE:COP) and a unit of Canadian producer Encana Corporation (TSX:ECA) on Monday asked the Federal Energy Regulatory Commission to reject Plains' proposed tariff surcharge on its Cactus II oil pipeline, according to a regulatory filing. Plains this month proposed charging shippers a 5-cents-per-barrel fee on its 670,000-barrel-per-day Cactus II pipeline next April to offset higher construction costs due to the steel tariffs. (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.
