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ExxonMobil, NuStar Energy: Your Daily Energy News

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

Released on Monday, May 02, 2022
Energy Market highlights gathered by Industrial Info and IIR Energy

PRODUCTION
U.S. Drillers Add Rigs
- The U.S. oil and gas rig count rose three to 698 in the week ending April 29, its highest since March 2020, energy services firm Baker Hughes Company (NYSE:BKR) (Houston, Texas) said. For the month of April, drillers added 28 oil and gas rigs. U.S. oil rigs rose three to 552, their highest since April 2020. Gas rigs were unchanged at 144. (Reuters)

EARNINGS REPORTS
ExxonMobil Quarterly Earnings Increase
- Exxon Mobil Corporation (NYSE:XOM) (Irving, Texas) reported first-quarter 2022 earnings of $5.48 billion, compared with $2.73 billion in first-quarter 2021. (Business Wire)

TERMINALS
NuStar Completes Sale of Nova Scotia Terminal
- NuStar Energy L.P. (NYSE:NS) (San Antonio, Texas) announced today that it has closed on the sale of its terminal in Nova Scotia, Canada, to EverWind Fuels (Houston) for $60 million. Subscribers to Industrial Info's Terminals Plant Database can click here for the plant profile. (Business Wire)

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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 world's leading provider of market intelligence across the upstream, midstream and downstream energy markets and all other major industrial markets. IIR's Global Market Intelligence Platform (GMI) supports our end-users across their core businesses, and helps them connect trends across multiple markets with access to real, qualified and validated project opportunities. Follow IIR on: LinkedIn.

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