Wednesday, August 15, 2018

Sempra Energy News

Mexico's IEnova to Invest $800m

Mexican energy infrastructure firm IEnova, a unit of U.S.-based Sempra Energy, will invest $800 million this year on eight projects, the company's chief executive said on Monday. Carlos Ruiz Sacristan said the most…

Sempra Energy to Shed U.S. Storage, Renewable Assets

File Image (CREDIT: AdobeStock / © Hansenn)

U.S. utility Sempra Energy said on Thursday it plans to sell some of its natural gas storage and renewable energy assets and expects to record a charge between $1.47 billion and $1.55 billion during the second quarter.

Woodside Mulls Texas Sempra LNG Exit

The chief executive officer of Woodside Petroleum Ltd said on Tuesday that Australia's biggest independent oil and natural gas company will soon decide whether to continue to invest in Sempra Energy's Port Arthur liquefied natural gas (LNG) export project in Texas.

Enbridge Starts Valley Crossing Natgas Pipe Work at Tex-Mex Border

Photo:: Enbridge Inc

Canadian energy company Enbridge Inc said it started construction of the offshore border crossing section of its $1.6 billion Valley Crossing natural gas pipeline between Texas and Mexico, according to a federal filing…

Wind Briefly Sets Record as Source for U.S. Electricity

File image: CREDIT AdobeStock

Wind briefly powered more than 50 percent of electric demand on Sunday, the 14-state Southwest Power Pool (SPP) said, for the first time on any North American power grid. SPP coordinates the flow of electricity on…

U.S. Military Marches on Green Energy

File Image (CREDIT: 孤飞的鹤 AdobeStock)

President Donald Trump and his top advisors have often scoffed at government support of green energy. But the largest U.S. government agency - the Department of Defense - plans to forge ahead under the new administration…

ICE to Offer First US Gulf Coast LNG Futures Contract

With the United States about to become a net exporter of natural gas for the first time in 60 years, Intercontinental Exchange Inc said on Wednesday it would begin trading the first-ever U.S. liquefied natural gas futures contract in May.

Sempra Energy to buy Oncor for $9.45 bln

Sempra Energy said it will buy Oncor for $9.45 billion in cash after Energy Future Holdings Corp, which indirectly owns Oncor, abandoned a deal to sell the power transmission company to Warren Buffett's Berkshire Hathaway Inc.

IEnova Recasts Pemex Deal to Buy Pipeline Stake

IEnova, the Mexican unit of U.S.-based Sempra Energy, said on Tuesday it had restructured a deal to buy state-run oil company Pemex's 50 percent stake in pipeline company Gasoductos de Chihuahua for $1.108 billion.

IEnova Ups Stake in Mexican Natural Gas Pipeline

File Image: A typical natural gas pipeline header / (CREDIT: AdobeStock / (c) Pisotckii)

Mexico's Infraestructura Energetica Nova (IEnova) said Friday it had acquired state oil firm Pemex's stake in the joint venture Ductos y Energeticos del Norte, increasing its participation in the second phase of a key natural gas pipeline.

California Power Grid Tested as Heat Soars

California's power grid operator extended its call for consumers to conserve electricity into Thursday as a heat wave continued to bake the state, especially the inland cities. Electricity supplies statewide were…

Vistra to Buy Dynegy in $1.7bln Deal

Vistra Energy Corp said on Monday it would buy Dynegy Inc in an all-stock deal worth $1.74 billion, combining two Texas-based power producers in the latest merger in an industry dealing with shrinking profit margins.

Sempra-Techint Offer Best Bid on Odebrecht pipeline, Peru

A consortium formed by Sempra Energy and Techint Group offered the best bid to Odebrecht for acquiring its majority stake in a $5 billion natural gas pipeline project in Peru, a source with knowledge of the negotiations said Friday.

SoCalGas Completes more California Aliso Canyon Well Tests

More wells passed safety inspections at the Aliso Canyon natural gas storage facility in Los Angeles, Southern California Gas Co said on Monday, but the company has more work to do before it can inject gas into the…

Next-wave LNG Terminals get Smaller, More Flexible

Cheniere's Sabine Pass LNG Terminal (CREDIT: Cheniere)

The liquefied natural gas market is growing every year, but the terminals that ship and receive the fuel are shrinking. The booming sector's next-generation infrastructure is being designed for a emerging-market buyers that want smaller volumes on shorter…

Pemex set to announce debt management deal

Mexican national oil company Pemex is about to execute a debt management deal in international markets to improve the firm's finances, Pemex Chief Financial Officer Juan Pablo Newman said on Wednesday. Newman said the transaction is comprised of three parts…

TransCanada Seeks Okay for LA Cameron Access

File Image (a typical natural gas header and pipeline arrangement) CREDIT: AdobeStock / (c) Pisotsckii

TransCanada Corp's Columbia Gulf Transmission unit on Friday filed with U.S. federal energy regulators to commence service on its Cameron Access natural gas project in Louisiana on March 1. One bcfd is enough gas to fuel about five million U.S.

U.S. Task Force: 44 Recommendations to cut NatGas Leaks

A U.S. interagency task force on Tuesday issued recommendations aimed at reducing the risk of incidents involving natural gas facilities in the wake of a major leak from the Aliso Canyon storage facility in California last year.

Sempra Energy Agreed to Buy Peru Pipeline Stake

U.S.-based Sempra Energy has agreed to buy a majority stake in a $5 billion natural gas pipeline project in Peru being sold by Brazilian engineering group Odebrecht SA, Finance Minister Alfredo Thorne said on Thursday.

Peru Says It Will Nix Key Odebrecht Contract If Won through Bribes

Peruvian President Pedro Pablo Kuczynski said he will terminate a $5 billion natural gas pipeline contract if it is found to have been won with bribes, even if corruption-plagued Brazilian builder Odebrecht exits the project.