U.S. Rig Count, New Alberta Solar Farm, Soaring Oil-Shipping Rates: Your Daily Energy News

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

PRODUCTION
U.S. Driller Add Rigs for Third Consecutive Week - U.S. energy firms last week added oil and natural gas rigs for a third week in a row for the first time since February, energy services firm Baker Hughes (Houston, Texas) said. The oil and gas rig count rose by three to 542 in the week ending September 19, its highest since July. Baker Hughes said oil rigs rose by two to 418 last week, their highest since July, while gas rigs held steady at 118. (Reuters)

POWER
Alberta Solar Farm Brought Online - Capstone Infrastructure Corporation (Toronto, Ontario) has launched commercial operations at its 192-megawatt (MW) Wild Rose 2 windfarm in Alberta. The bulk of the site's output, coming from 105 MW of the installed capacity, will be sold to Pembina Pipeline Corporation (Calgary, Alberta) for 15 years. Subscribers to Industrial Info's Global Market Intelligence (GMI) Project Database can learn more by viewing the project report. (Renewables Now)

CRUDE OIL
Oil Shipping Rates Soar - Freight rates for Very Large Crude Carriers (VLCCs) soared to their highest in more than two years, according to industry sources and LSEG data, as tanker supply tightens with a rise in Middle East exports and more arbitrage supplies to Asia. The key VLCC spot rate on the Middle East to China route jumped to W108 on the Worldscale industry measure, the highest level since November 2022, based on data compiled by LSEG. That is equivalent to at least US$6.6 million, according to calculations by industry sources. The rate has increased by nearly 150% since the start of this 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).