CERTIFIED WOMAN OWNED BUSINESS: W2F350860 NAICS: 561210, 561311, 561312, 561320 DUNS: 04-578-7400 CAGE: 5F3C7
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Williams Partners LP has received approval from the US Federal Energy Regulatory Commission for both its New York Bay expansion and Virginia Southside II expansion projects. The New York Bay expansion is designed to serve increasing local distribution demand in New York City while the Virginia Southside II expansion targets new electric-power generation in Virginia.
Russian conglomerate PJSC Sibur Holding, Moscow, has completed a project to expand NGL fractionation capacity by 1.4 million tonnes/year at its Tobolsk (formerly Tobolsk-Neftekhim) processing site in Western Siberia’s Tyumen region.
In an attempt to improve its balance sheet as it prepares to invest in its nuclear power business, EDF has agreed to sell 49 per cent of grid unit RTE to CDC-Le Monde.
The French state-controlled utility EDF has agreed to sell the stake in its high voltage power grid unit business according Le Monde, with the plan officially presented to the board today.
The price on which EDF and CDC have agreed is not known but it corresponds to a value of around $7bn (6- 7 billion euros), the newspaper reported, although EDF did not comment.
Reuters reports that the sale could be part of a 10 billion euro asset sale plan with which EDF hopes to shore up its balance sheet and raise funds to invest in nuclear plants in France and Britain.
Chevron Corp. recorded a second-quarter loss of $1.5 billion compared with earnings of $571 million in second-quarter 2015.
ExxonMobil Corp. reported second-quarter earnings of $1.7 billion, down from $4.2 billion in second-quarter 2015 due to lower commodity prices and weaker refining margins. First-half earnings totaled $3.5 billion, a decline from $9.13 billion in first-half 2015.
The light, sweet crude oil price for September continued dropping on the New York market July 28 to settle at $41.14/bbl—the contract’s lowest front-month closing since Apr. 19. The contract has fallen in eight of the last nine trading sessions.
Serica Energy PLC of London said Erskine field oil and gas production resumed July 27 following clearance of a blockage on a condensate pipeline and also on completion of scheduled maintenance works on the Lomond platform.
