NextEra Energy, North Dakota Production: Your Daily Energy News

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

POWER
NextEra Receives Trump Approval for Up to 10 GW of Gas-Fired Power Construction - NextEra Energy said on Friday U.S. President Donald Trump has approved the development of up to 10 gigawatts (GW) of natural gas-fired power generation in Texas and Pennsylvania, as part of a broader U.S.-Japan trade agreement. The company said it will build and operate the Texas and Pennsylvania projects, which are expected to be jointly owned by U.S. and Japanese stakeholders. The approval is tied to ⁠Japan's $550 billion investment commitment to the U.S. The two countries announced expanded cooperation at a summit on Thursday, including Japanese investment of up to $73 billion in U.S. energy projects and an action plan to develop alternatives to China for critical minerals and rare earths. (Reuters)

PRODUCTION
North Dakota Operators Likely to Increase Crude Oil Production in March - North Dakota crude output is expected to rise in March and the following months as operators in the third-largest oil-producing state restart inactive wells and winter restrictions are eased, the state's regulator said late last week. The North Dakota Department of Mineral Resources said, however, that the pace of activity would depend on how long oil prices stay high and that oil majors' budgets have already been set. Oil production ⁠in North Dakota fell by 1,000 barrels per day (BBL/d) to 1.12 million BBL/d in January, according to the department's latest data. (Reuters)

U.S. Drillers Cut Rigs for First Time in Three Weeks - U.S. energy firms last week cut the number of oil and natural gas rigs operating for the first time in three weeks, energy services firm Baker Hughes reported on Friday. The oil and gas rig count fell by one to 552 in the week ending March 20, the lowest since early March. Baker Hughes ⁠said oil rigs rose by two to 414 last week, their highest since mid-December, while gas rigs fell by two to 131, their lowest since early February, and miscellaneous rigs fell by one to seven. (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).