Williams Companies, Chevron, U.S. Rig Count: Your Daily Energy News

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Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
Williams Strikes Gas Gathering Deals with Chevron - Natural gas processing and transportation firm Williams Companies Incorporated (NYSE:WMB) (Tulsa, Oklahoma) said on Friday it executed deals with a Chevron Corporation (NYSE:CVX) (San Ramon, California) unit to support natural gas development in the Haynesville basin as well as the deepwater Gulf of Mexico.

Williams said it would provide natural gas gathering services to Chevron's 26,000-acre Haynesville assets, while the oil major agreed to a long-term capacity commitment on Williams' Louisiana Energy Gateway (LEG) project. Subscribers to Industrial Info's Global Market Intelligence (GMI) Pipelines Project Database can click here for the report on the LEG project.

Additionally, Williams on Friday also agreed to use existing infrastructure to serve increased production from the Blind Faith platform, located 160 miles southeast of New Orleans in the Gulf of Mexico. Subscribers to Industrial Info's Production Plant Database can click here for the platform profile. (Reuters)

U.S. Rig Count Declines - U.S. energy firms last week cut the number of oil and natural gas rigs operating for the second time in three weeks, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by one to 760 in the week ending February 17. Oil rigs fell two to 607, while gas rigs rose one to 151. (Reuters)

CRUDE OIL
Chevron to Send More than 100,000 Barrels of Venezuelan Oil to U.S. This Month - Chevron is on track to ship more than 100,000 barrels per day (BBL/d) of Venezuelan crude oil to the U.S. this month under a license from the U.S. Treasury Department, according to shipping documents and data seen by Reuters. The U.S. government authorized Chevron to expand production in the sanctioned country and to resume exports of Venezuelan oil, which had remained frozen for years as Washington tried to pressure President Nicolas Maduro to agree to elections. Chevron exported some 75,000 BBL/d of Venezuelan crude oil mainly to its Pascagoula, Mississippi, refinery last month. (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).