U.S. Rig Count, Aramco-Global Infrastructure Partners Deal: Your Daily Energy News

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

PRODUCTION
U.S. Rig Count Holds Steady - U.S. energy firms last week held the number of oil and natural gas rigs operating steady, energy services firm Baker Hughes Company (Houston, Texas) reported on Friday. Baker Hughes said oil rigs rose by one to 412 last week, while gas rigs fell by one to 122. In Texas, the biggest oil and gas-producing state, the rig count fell by one to 242, the lowest since September 2021. (Reuters)

Aramco Signs US$11 Billion Jafurah Agreement with GIP - Saudi Aramco signed a US$11 billion lease and leaseback agreement involving its Jafurah gas processing facilities with a consortium led by Global Infrastructure Partners (New York, New York), it said on Thursday. Under the deal, a newly formed subsidiary, Jafurah Midstream Gas Company, will lease development and usage rights for the Jafurah Field gas plant and the Riyas natural gas liquids fractionation facility, and lease them back to Aramco for 20 years, the Saudi company added in a statement. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing a related project report. (Reuters)

POWER
China's Fossil-Fueled Power Generation Rises to 11-Month High in July - China's fossil-fueled power generation rose in July to the highest level since August 2024, official data showed on Friday, as record-breaking heat pushed power demand to record highs across large swathes of China. Fossil-fueled power generation, mostly from coal with a small amount from natural gas, rose 4.3% in July from a year earlier to 602 billion kilowatt-hours (kWh), according to the National Bureau of Statistics. The statistics also showed that China's overall power generation in July was 926.7 billion kWh, up 3.1% compared with the same period last year. (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
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).