Delfin LNG, Woodside Energy, U.S. Oil Stocks: Your Daily Energy News

News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.

LNG
Vitol, Delfin and IRH Sign 20-Year LNG Supply Agreement - Vitol (Rotterdam, Netherlands) said on Wednesday International Resources Holding (IRH) (Abu Dhabi, United Arab Emirates) has signed a 20-year agreement with Delfin LNG (Houston, Texas) and Vitol for the purchase and sale of 1 million tons per annum of liquefied natural gas (LNG) from Delfin's U.S.-based export facility planned for construction off the coast of Louisiana. Under the terms of the deal, Delfin will supply LNG on a free-on-board basis to Vitol, which will act as the offtaker, delivering volumes to IRH Global Trading, IRH's trading arm. "We look forward to working together as we make final investment decision on the first FLNG Vessel in the coming weeks," said Dudley Poston, chief executive officer (CEO) of Delfin. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Reuters)

PRODUCTION
Woodside Energy Forecasts 50% Rise in Sales by 2032 - Australia's Woodside Energy (Perth) expects its sales of oil and gas to climb by 50% by 2032 to meet rising demand for energy, particularly in Asian markets, CEO Meg O'Neill said on Wednesday. Over the next seven years, sales should rise to 300 million barrels of oil equivalent per year (boe/yr), up from 203.5 million boe/yr in 2024, O'Neill said in a presentation during the company's Capital Markets Day. (Reuters)

CRUDE OIL
U.S. Crude Oil Inventories Increase - The U.S. Energy Information Administration (EIA) reported that U.S. crude oil inventories (excluding the Strategic Petroleum Reserve (SPR)) increased 5.202 million barrels for the week ending October 31. Gasoline inventories decreased 4.729 million barrels, and distillates were 643,000 barrels lower week-on-week. SPR inventories rose another 500,000 barrels, according to the EIA. U.S. refinery runs were 37,000 barrels per day (BBL/d) higher week-on-week at 15.256 million BBL/d for the week, according to the EIA. (IIR Energy)

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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).