American Electric Power, Tellurian: Your Daily Energy News

Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
U.S. Rig Count Falls for Third Week - U.S. energy firms last week cut the number of oil and natural gas rigs operating for a third week in a row for the first time since August, energy services firm Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said. The oil and gas rig count fell by four to 749 in the week to March 3, the lowest since June. U.S. oil rigs fell eight to 592 this week, their lowest since September, while gas rigs rose three to 154. (Reuters)

LNG
Tellurian Chairman's Shares Sold to Cover Loan - U.S. liquefied natural gas (LNG) developer Tellurian Incorporated (Houston, Texas) said more than $25.3 million worth of its shares belonging to Executive Chairman Charif Souki were transferred and sold over the last month to cover a loan, securities filings showed. Souki, a Tellurian co-founder, had pledged 25 million shares as collateral for a 2017 loan for real estate investments, the company said in filings in February and March with the U.S. Securities and Exchange Commission. (Reuters)

POWER
AEP Signs PPA for Indiana Solar Plant Output - American Electric Power (AEP) (NASDAQ:AEP) (Columbus, Ohio) has signed a power purchase agreement (PPA) for all of the output from renewable energy developer Lightsource bp's (London, England) 150-megawatt Honeysuckle solar power project, which is under construction in Indiana and is expected to begin commercial operations in 2024. Subscribers to Industrial Info's Global Market INteligence (GMI) Power Project Database can click here for more details on the project. (Lightsource bp)

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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
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).