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Baker Hughes, Consumers Energy, Petrobras: Your Daily Energy News

Scan through a selection of energy-related news highlights that we think will interest our clients.

Released on Friday, January 31, 2025
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

LNG
Baker Hughes Enters Equipment Supply Agreement with Venture Global
- Oilfield services provider Baker Hughes Company (NASDAQ:BKR) (Houston, Texas) said on Thursday it has signed an agreement with Venture Global LNG (NYSE:VG) (Arlington, Virginia) to support its liquefied natural gas (LNG) projects in the U.S. with technology and equipment. The company also has signed a services frame agreement to support phase 1 and 2 of Venture Global's Plaquemines LNG project in Louisiana. Subscribers to Industrial Info's Global Market Intelligence (GMI) Production Project Database can learn more by viewing the related project reports. (Reuters)

POWER
Work Begins at 360-MW Michigan Solar Site
- Energy provider Consumers Energy (Jackson, Michigan) and renewables developer Hecate Energy LLC (Chicago, Illinois) on Wednesday announced the start of initial site work for the 360-megawatt (MW) Sunfish Solar 2 park in Calhoun County, Michigan, has begun. Subscribers to Industrial Info's Power Project Database can learn more by viewing the project report. (Renewables Now)

CRUDE OIL
Petrobras' Oil & Gas Reserves Rose in 2024
- Brazilian state-run oil firm Petrobras (NYSE:PBR) (Rio de Janeiro, Brazil) said on Wednesday that its estimated proven reserves of oil, condensate and natural gas rose to 11.4 billion barrels of oil equivalent (boe) last year from 10.9 billion boe in 2023. Petrobras said 85% of the estimated reserves are of oil and condensate, while the remaining 15% are natural gas. (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) 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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