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Released February 12, 2020 | SUGAR LAND
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News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
POWER
Final Major Concrete Placement Completed Inside Vogtle Unit 3 Containment - Workers at Southern Company's (NYSE:SO) Vogtle 3 & 4 nuclear project have completed the final concrete placement inside the Unit 3 containment vessel, which houses the unit's reactor. Completing this allows for the installation of machinery that will be used to load fuel into the unit. (Project 17001442) (PR Newswire)
PRODUCTION
Officials: North Dakota Oil Output May Peak Within Five Years - North Dakota's oil production may peak within five years as companies finish drilling the most prolific portions of the state's oil patch, state and industry officials told lawmakers Tuesday. Mineral Resources Director Lynn Helms, the state's top oil regulator, said about 20% of drilling activity is now outside of the "core" areas of the western North Dakota's oil producing region. (Houston Chronicle)
EIA: U.S. Natural Gas Output, Demand to Decline in 2021 - U.S. natural gas production and demand will decline in 2021 after hitting record highs this year, the Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA projected dry gas production will fall to 92.57 billion cubic feet per day (Bcf/d) in 2021 from a record 94.16 Bcf/d in 2020. The EIA also projected U.S. gas consumption would fall to 85.60 Bcf/d in 2021 from a record 86.24 Bcf/d in 2020 due mostly to reduced power demand as renewables produce more electricity. (Reuters)
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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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
POWER
Final Major Concrete Placement Completed Inside Vogtle Unit 3 Containment - Workers at Southern Company's (NYSE:SO) Vogtle 3 & 4 nuclear project have completed the final concrete placement inside the Unit 3 containment vessel, which houses the unit's reactor. Completing this allows for the installation of machinery that will be used to load fuel into the unit. (Project 17001442) (PR Newswire)
PRODUCTION
Officials: North Dakota Oil Output May Peak Within Five Years - North Dakota's oil production may peak within five years as companies finish drilling the most prolific portions of the state's oil patch, state and industry officials told lawmakers Tuesday. Mineral Resources Director Lynn Helms, the state's top oil regulator, said about 20% of drilling activity is now outside of the "core" areas of the western North Dakota's oil producing region. (Houston Chronicle)
EIA: U.S. Natural Gas Output, Demand to Decline in 2021 - U.S. natural gas production and demand will decline in 2021 after hitting record highs this year, the Energy Information Administration (EIA) said in its Short Term Energy Outlook on Tuesday. The EIA projected dry gas production will fall to 92.57 billion cubic feet per day (Bcf/d) in 2021 from a record 94.16 Bcf/d in 2020. The EIA also projected U.S. gas consumption would fall to 85.60 Bcf/d in 2021 from a record 86.24 Bcf/d in 2020 due mostly to reduced power demand as renewables produce more electricity. (Reuters)
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 trading, logistics and marketing communities. We are the number one source for information about electricity outages, refinery turnarounds and midstream natural gas disruptions.
About Industrial Info
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com.
