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Released November 24, 2021 | SUGAR LAND
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Energy Market highlights gathered by Industrial Info and IIR Energy

LNG
Woodfibre Chooses McDermott to Build British Columbia LNG Plant
- Canadian liquefied natural gas (LNG) developer Woodfibre LNG (Vancouver, British Columbia) said on Tuesday it signed with engineering firm McDermott International Incorporated (Houston, Texas) to build its proposed LNG export plant in British Columbia. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can click here for the project report. (Reuters)

CRUDE OIL
U.S. to Release Oil from Strategic Reserve
- The White House said on Tuesday it would make 50 million barrels of oil available from the U.S. Strategic Petroleum Reserve as part of a coordinated effort with other major economies to help cool oil prices. The release, which will take the form of a loan and a sale, is being made in concert with other releases from strategic reserves by China, India, South Korea, Japan and Britain, senior Biden administration officials said. (Reuters)

PIPELINES
TC Energy Seeks NAFTA Damages Over Canceled Keystone XL Pipeline
- Canadian pipeline operator TC Energy Corporation (NYSE:TRP) (Calgary, Alberta) late Monday submitted a formal request for arbitration under the North American Free Trade Agreement (NAFTA), seeking compensation from the U.S. government for the cancellation of its Keystone XL project. (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), 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.

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