Released February 20, 2020 | SUGAR LAND
en
News highlights gathered by Industrial Info and IIR Energy (Sugar Land, Texas) dealing with the energy markets.
PRODUCTION
Norway's Oil Production Seen Up 6.7% by End of 2020 - Norway's daily oil production is expected to be 6.7% higher at the end of this year than at the end of 2019, as a major oilfield ramps up output, forecasts published by the Norwegian Petroleum Directorate showed on Wednesday. The country's preliminary oil output in January stood at 1.64 million barrels per day (BBL/d). However, it expects daily oil output to rise to 1.76 million BBL/d in July and to 1.87 million BBL/d in December. (Reuters)
Brazil's January Oil Output Rises to All-Time High - Oil companies produced 3.17 million BBL/d on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday. (Reuters)
POWER
Solar Energy Expected to Add Quickly to Texas Power Grid - Solar energy is one of the smallest contributors to the power grid in Texas, providing just 2.2% of generation capacity this year. But it's also projected to be the fastest growing over the next three years. Solar developers in Texas are expected to add 3.5 gigawatts of capacity from new utility-scale solar projects this year and 5.5 gigawatts next year, according to the Electric Reliability Council of Texas, the state grid manager. (Houston Chronicle)
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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.
PRODUCTION
Norway's Oil Production Seen Up 6.7% by End of 2020 - Norway's daily oil production is expected to be 6.7% higher at the end of this year than at the end of 2019, as a major oilfield ramps up output, forecasts published by the Norwegian Petroleum Directorate showed on Wednesday. The country's preliminary oil output in January stood at 1.64 million barrels per day (BBL/d). However, it expects daily oil output to rise to 1.76 million BBL/d in July and to 1.87 million BBL/d in December. (Reuters)
Brazil's January Oil Output Rises to All-Time High - Oil companies produced 3.17 million BBL/d on average in Brazil in January, a volume 20.4% larger than seen in the same month a year earlier and an output record for the country, oil regulator ANP said on Wednesday. (Reuters)
POWER
Solar Energy Expected to Add Quickly to Texas Power Grid - Solar energy is one of the smallest contributors to the power grid in Texas, providing just 2.2% of generation capacity this year. But it's also projected to be the fastest growing over the next three years. Solar developers in Texas are expected to add 3.5 gigawatts of capacity from new utility-scale solar projects this year and 5.5 gigawatts next year, according to the Electric Reliability Council of Texas, the state grid manager. (Houston Chronicle)
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.
