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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
LNG
TotalEnergies CEO: On Track to Deliver Mozambique LNG in 2029 - TotalEnergies Chief Executive Officer (CEO) Patrick Pouyanne said on Thursday the company was on track to deliver liquefied natural gas (LNG) from its Mozambique project in 2029, adding there will be a massive ramp-up in activity in the country in the coming months on the project. Pouyanne was speaking at a ceremony in Mozambique, marking the relaunch of the French energy major's US$20 billion LNG plant, nearly five years after it was put on hold following a deadly attack by Islamist militants. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the related project reports. (Reuters)
PRODUCTION
Malaysia's Petronas to Ramp Up E&P Over Next Three Years - Malaysia's state energy firm Petronas said on Thursday it will ramp up petroleum exploration and production (E&P) over the next three years to strengthen domestic energy security. Petronas said it aims to maintain domestic output at close to 2 million barrels of oil equivalent per day between 2026 and 2028, and will continue investing in exploration, deepwater development, enhanced oil recovery and new production sharing contracts awarded under the Malaysia bid round in 2024. (Reuters)
CRUDE OIL
India's Reliance to Buy Up to 150,000 BBL/d of Russian Oil from February - India's Reliance Industries LImited, operator of the world's largest refining complex, will buy up to 150,000 barrels per day (BBL/d) of Russian oil from February for its domestic market-focused refinery, a company executive said on Thursday. Reliance would buy the Russian oil from February from sellers that are not under sanctions, the executive said on the sidelines of India Energy Week, declining to be named in line with his company's policy, according to Reuters. (Reuters)
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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 Resources
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).
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